Syndicated Metals has discovered some clusters of near surface high grade copper and gold values at the Kalman deposit which is an advanced molybdenum, rhenium and copper and gold deposit covering 700 square kilometers in the mineral rich Mt Isa region.

All results from the 2011 ten hole reverse circulation drilling program have been received which are from the southern end of the deposit, located above deep high grade intersections from previous drilling that included 9 meters at 20% copper.

Highlights include:
1. 22 meters at 0.84% copper and 1.31 grams per tonne gold from 37 meters including 9 meters at 1.3% copper and 2.87 gram per tonne gold and

2. 6 meters at 0.24% molybdenum and 4.78 gram per tonne rhenium from 73 meters and 5 meters at 1.53% copper and 0.33 gram per tonne gold from 132.

Mr Russell Davis CMD of Syndicated Metals said that “We continue to be excited by the picture emerging at Kalman. It is clear that we have a highly mineralized area with the potential for significant additional discoveries, as demonstrated by our recent announcements including the high grade copper and gold results from rock chip sampling at Pandora’s Gift and the results of the diamond drilling at Andy’s Hill.

He said that "Thanks to the most recent drilling results we now have a clear focus for the targeting of follow up infill drilling in 2012 as part of a strategy to chase the up plunge extensions of the deeper high grade copper and gold mineralization. The significant gold credits with the copper at Kalman are also a nice boost.”

(Sourced from www.proactiveinvestors.co.uk)