CLANCY EXPLORATION LIMITED - ASX: CLY

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Description

Clancy Exploration (ASX: CLY) is an Australian-focused copper, gold and base metals explorer. The Company's portfolio has been built up over the past six years to consist of highly prospective copper-gold projects in the Lachlan Fold Belt of NSW and two base metal projects in the Mount Read Volcanic Belt of Tasmania. In addition Clancy has one tenement just west of Broken Hill and one tenement in Western Australia adjacent to the Golden Grove mine.

Clancy's competitive advantages include having one of the largest ground positions of any explorer in the prospective Macquarie Arc, 36 Exploration Licences covering 2,870km2, the innovative use of digital geological and geophysical data in probability based targeting and the strong and on-going support of Gold Fields Limited.

The Company's objective is to advance its properties to a stage of commercial development by applying faster, less expensive and more reliable analytical methods to resource exploration. The exploration activities are well-funded, applying Clancy's funds and those of its joint venture partners, and substantial upside exists with the potential addition of resources through discovery.

Additionally, Clancy has joint ventures with Gold Fields Limited on seven projects in NSW and with Bass Metals Limited on two tenements in Tasmania.

Lachlan Fold Belt Copper-Gold Projects, NSW

* 14 projects in NSW 100% owned by Clancy.
* Substantial portfolio of copper/gold porphyry Targets in the Lachlan Fold Belt, NSW.
* Application of cutting edge targeting techniques over the Lachlan Fold Belt, commencing in 2003, in conjunction with Gold Fields Limited, has generated a large portfolio of highly ranked Targets.
* Seven joint ventures with Gold Fields in the Lachlan Fold Belt.

Mount Read Volcanics Belt Projects, Tasmania

* Strategic alliance with Bass Metals Limited.
* 100% interest in two intrusive related tin tenements, namely Oonah and Waratah.
* Two joint venture projects with Bass, namely Lake Margaret and Sock River, Bass 75%, Clancy 25% with Bass sole funding until completion of a pre-feasibility study.
* Clancy entitled to performance shares in Bass based on exploration success.

Mine For

gold, copper, tin

Location of operation(s)

New South Wales, Tasmania

Address

3 Corporation Pl
ORANGE, NSW, AUSTRALIA

Phone

(61 2) 6361 1285

Email

Website

http://www.clancyexploration.com/

Last Updated

14/04/2011