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From: B-Haile (eritrea.lave@comhem.se)
Date: Tue Jan 04 2011 - 03:42:19 EST
South Boulder Mines in pre-open pending exploration results announcement
Tuesday, January 04, 2011
A trading halt has been granted by the ASX to South Boulder Mines (ASX: STB) pending an announcement by the company in relation to exploration results.
South Boulder has not indicated which project the results are from, but the company has been conducting an extensive ongoing drilling program at the Colluli Potash Project, located in Eritrea.
Results from Colluli to date identify the project has the world's shallowest evaporite potash deposit.
South Boulder received strong support in 2010 from the market, with the shares trading above $3 recently, from a 12 month low around $0.25.
South Boulder shares last traded at $2.98.
South Boulder Mines
South Boulder's key projects are located within the state of Western Australia as well as in Eritrea focusing on multiple gold, nickel and fertiliser prospects. The company has an interest in the Colluli Potash Project located in the Danakil Depression region of Eritrea (Africa) approximately 200kms south east of the Capital Asmara. South Boulder also has a 100% interest in the Duketon Project in Western Australia. The Duketon Belt is located 120 kilometers north of Laverton in Western Australia and is considered prospective for gold, nickel sulphide and base metal mineralization.
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