10:00 AM EST - Nautilus Minerals Inc. : Deepwater seafloor drilling trials conducted at Nautilus Minerals' Solwara 1 Project in Papua New Guinea have confirmed the extension of high grade copper mineralisation beyond the project's previously identified massive sulphide system. The trials involved 16 holes drilled at 13 locations approximately 1,600 metres below sea-level and extending to a maximum depth of 45.2 metres below the seafloor. Copper grades of up to 30.5% were reported from individual sample intervals and results included an eight-metre intercept averaging 12% copper. Nautilus Minerals Inc.
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