Tuesday, 05 December 2006: Share Analysis Weekly looks at CRJ

ABSTRACT:

Projects: Exploration results from the Stuart Shelf in SA exceeded expectations - a number of discrete targets are defined by gravity. Initial line spacing is too wide to define drill targets but the next survey will. Strong magnetic and gravity anomalies define “Juliette” on the Pernatty exploration licence, where there is a discrete gravity feature, “Jane”, adjacent to an inferred major fault. Several other gravity features at West Lake Torrens are interesting. CRJ continues to apply for new tenements. Exploration results from the Stuart Shelf in SA exceeded expectations - a number of discrete targets are defined by gravity. Initial line spacing is too wide to define drill targets but the next survey will. Strong magnetic and gravity anomalies define “Juliette” on the Pernatty exploration licence, where there is a discrete gravity feature, “Jane”, adjacent to an inferred major fault. Several other gravity features at West Lake Torrens are interesting. CRJ continues to apply for new tenements.