Dear Shareholders and Subscribers
Well I did mention that it has been a busy period for Clancy over the last quarter or so and I wanted to draw your attention to the two new releases we put out today, and a very useful story on Clancy in Highgrade.net.
The first release was a link to a Boardroom radio broadcast of a presentation by our Exploration Manager, Gordon Barnes at the recent 20:20 Investor Series Conference in Sydney. The audio is accompanied by a synchronized slide show and is a really useful update on Clancy’s exploration approach and our current projects and I would urge anyone with an interest in the company to take a listen.
In addition we also announced today the results from the rest of the diamond hole that we drilled at our Myall project in New South Wales.
Needless to say we are very pleased with the results from this first diamond hole into the large anomalous copper zone that we have at Myall and we expect to see significant additional work taking place at Myall on the back of these results as Gold Fields takes the project forward as part of its earn in.
In addition I thought you would be interested to read an article on Clancy written by Michael Quinn at Highgrade.net, a copy of which is attached. Michael had a discussion with me regarding the expansion of our partnership with Gold Fields and the various facets of that agreement and I believe he has captured the essence of that deal very succinctly. I know some people have found our release on that deal quite wordy and somewhat complicated but our relationship with Gold Fields over time had expanded to cover several different elements and we really needed to touch on all the main points in the release. In any event Michael’s article will be of some assistance to those who were looking for a neatly summarised view of the transaction.
Clancy on Target – Highgrade net article 27 April 2009
As always I look forward to any feedback you might have and we appreciate your continued interest in Clancy.
Regards
Mark
