DRILLING PROGRAM COMPLETED ON GIPPSLAND HMS PROJECT | Finance News Network

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DRILLING PROGRAM COMPLETED ON GIPPSLAND HMS PROJECT

- FIRST DRILLING PROGRAM SUCCESFULLY COMPLETED ON GIPPSLAND ZIRCON-RUTILE HMS PROJECT (VICTORIA)

- MAIDEN JORC RESOURCE ESTIMATE EXPECTED MARCH 2012

- ORESOME AUSTRALIA’S DUE DILIGENCE WELL ADVANCED ON ACQUIRING THE PROJECT 100% FROM RIO  TINTO

Australian resource development company, Metallica Minerals Limited (ASX: MLM), advises that it has completed its first drilling program on two heavy mineral sands (HMS) projects that MLM retains an option to acquire from Rio Tinto Exploration Pty Limited (Rio Tinto) in the Gippsland area of southeast Victoria, and expects to announce a maiden resource estimate by March.


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