Investika reassesses Belitung zinc/lead project geological model
Thursday, January 31 2008 - 03:51 AM WIB
LSE and ASX-listed firm Investika Ltd said it had taken decision to reassess geological model of its Belitung lead/zinc property geological model.
The company said that the decision led to a suspension of drilling activities in December 2007. Only one hole was completed in this latest drill programme with full assay result expected in February 2008.
?Field activities have reverted to surface mapping and validation of various geophysical and soil geochemical anomalous zones that were reported by prior exploration campaigns. This mapping programme and the geological model re-assessment should be completed by March/April 2008,? the company said.
Investika through Belitung Zinc Corporation plc holds an 85% profits interest in the Kelapa Kampit Zinc/Lead project on the island of Belitung. (denny)