Quarterly Activities and Cashflow Report
October 25th, 2007
- Native Title finalised for Irvine Island.
- Exploration Licence granted for Irvine Island.
- 2nd visit to Irvine Island finalises selection of drill targets and finalises flora and heritage studies.
- Assay results from drilling at Five Mile Rise Goldfield target on Dove River licence confirm porphyry potential.
- Drilling programs for Devon, Five Mile Rise Goldfield and Cethana in Tasmania set for January 2008 start.
Tribunal Approves Grant of Exploration Licence Over Irvine Island
October 23rd, 2007Pluton’s Managing Director, Tony Schoer said “This is an important day for our Company. We have now achieved two very pivotal milestones; those being the negotiation of a native title agreement and the granting of the exploration licence, in our quest to access the high grade iron ore deposits on Irvine Island”.
Release From Escrow
October 15th, 2007Pluton Resources advises that 1.5 million shares, owned by Gujarat NRE Coke Ltd., that were voluntarily escrowed prior to listing the Company’s shares on ASX have been released from escrow and were sold on market today to overseas institutional investors.
2007 Pluton Annual Report
September 27th, 2007Pluton’s strategy is to create value for shareholders by exploring quality tenements and either developing commercial deposits solely, or seek joint venture partners for projects that are considered too large for your Company to develop at this stage of its corporate existence.
Drilling to Commence at Devon
September 13th, 2007Management has been successful in securing an appropriate drill rig to drill three diamond holes totaling up to 1,200 metres. Drilling will test depth extensions beneath the historic Devon Mine workings and altered gold anomalous rocks immediately west and south of the Devon Mine.
Dove River Assay Results
August 28th, 2007Drilling beneath the Five Mile Rise Goldfield in Tasmania’s Dove River exploration licence has intersected alteration that is consistent with copper and gold porphyry-style deposits.
Irvine Island Iron Ore Project Update
July 5th, 2007Mr Tony Schoer said “After spending the best part of the week studying the geology of Irvine, in our opinion Irvine has the potential to host significant tonnages of commercial iron ore”.
Quarterly Acivities and Cashflow Report
June 30th, 2007
- Native Title Agreement signed for Irvine Island iron ore project.
- Copper mineralisation intersected in drill hole at Dove River.
- Completes three hole drilling program at Dove River.
- Signs Term Sheet to farm-in to Cethana tenement in Tasmania.
To Farm-In to Cethana
June 25th, 2007The major terms of the agreement are as follows:
- Pluton will pay Gujarat $250,000 on the execution of a Farm-in and Joint Venture Agreement once approval has been given by shareholders.
- Pluton will be manager of the joint venture
GUJ ann: Takes in J/V Partner for Gold & Copper Prospecting
June 25th, 2007Mr Arun Kumar Jagatramka, Chairman of Gujarat said, “This alliance will benefit both the companies as it would help pool its resources and expertise and at the same time greatly reduce exploration cost and later make commercial exploration ecconomical, thus adding value to the shareholders.”