CuDeco (CDU) Shares Surge: Drilling Results

Submitted by Craig Strzelecki on Wed, 09/08/2006 - 22:29.

Shares in CuDeco surged after drilling results confirmed an 850-metre long mineralised zone

Shares in CuDeco surged after drilling results confirmed an 850-metre long mineralised zone at its Rocklands copper project in Queensland. The company formerly named Australian Mining Investments (AUM) confirmed that the zone was at the wholly owned Las Minerale Prospect and it now planned to drill over 1000 metres, with updated resource estimates expected in mid-September. Shares in the mining company, was suspended on Monday, resumed trading yesterday 48c higher at $3.63. They peaked at $3.66 before closing at $3.18, up 3c.

CuDeco Limited is listed on the Australian Stock Exchange (ASX) under stock code CDU. The company is principally involved in mining and mining investments. The company specialises in production of high quality, high purity copper sulphate pentahydrate. CDU was listed on the ASX on 2 August, 1971. Wayne McCrae is the Chairman of the mining company. View their investor website. Check your charts!

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