Glengarry Resources Limited
35 Havelock Street
West Perth W.A 6005
Ph: 9322-4929
Fx: 9322-5510
Email: info@glengarry.com.au
Glengarry Resources Limited (Glengarry) is an Australian based mineral exploration company listed on the Australian Stock Exchange (ASX code GGY). The head office is located in Perth, Western Australia.
The Company is exploring for base metals, gold and related elements on wholly owned projects within Australia and assessing the acquisition of advanced projects that may complement the existing exploration portfolio.
Glengarry’s prime objective is to discover or acquire a major mineral deposit that supports stand alone processing facilities.
Glengarry’s current focus is the recently acquired, wholly owned Percyvale Project in North Queensland where large multi-element (gold, copper, silver, molybdenum) anomalies have been defined by exploration carried out by the Company. The initial drill testing of these targets is scheduled for October 2008. Glengarry is also advancing the Citadel Project located in the Telfer region in northwest Western Australia. Following completion of Heritage Surveys scheduled for late 2008, the Company plans to commence a major, $1,000,000 exploration program on the Citadel Project at the beginning of the 2009 field season. The program will include approximately 10,000 metres of aircore/percussion drilling to follow up multiple targets.
Following the divestment of non-core assets, Glengarry is in a strong financial position with approximately $11,000,000 cash available to fund exploration on projects within the existing portfolio and new project development.