Monday, June 20, 2011

Zamia Metals Limited [ZGM] - ZAMIA ANNOUNCES UPDATED ANTHONY MOLYBDENUM RESOURCE

MAIN POINTS
•Independent resource consultants, Hellman & Schofield Pty Ltd (H&S), have updated the Inferred Resource estimate for the Anthony molybdenum (Mo) deposit
•New drilling data from outside the high grade zone strengthens the Anthony resource estimate
•The Inferred Resource for the primary (sulphide) zone stands at 103 million lb contained Mo at a 400 ppm Mo cut-off grade
•H&S estimates that 70 - 80% of the Inferred Resource will eventually report to Indicated and Measured resource categories
•Further deeper diamond drilling underway

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