Anchor Resources Ltd’s exploration team has recognised an important corridor of copper mineralisation in northwestern New South Wales. This is a northeast-southwest trending zone which encompasses the Canbelego, Tritton and Girilambone mines, as well as the recent Larsens copper discovery.

The mineralised corridor parallels the Darling River and Cobar-Inglewood Lineaments, both prominent structural features of the Cobar Belt, as well as other mineralised structures in the region. Anchor Resources has now had its applications for Exploration Licences granted by the NSW Department of Primary Industries for Exploration Licences (EL6928 – “Canonba” and EL6929 “Collaroy”) to cover strategic segments of this mineralised corridor.

In addition, published data by Straits Resources Ltd indicates that much mineralisation in this region, including that of the Tritton and Girilambone mines, is associated with a quartzite horizon within the Girilambone Beds. This horizon extends into Anchor’s ground. Anchor’s interpretation of aeromagnetic data for the Collaroy and Canonba applications has highlighted at least eight anomalies with characteristics comparable to those associated with the Tritton and Girilambone mineralisation.

Anchor Resources regards the Collaroy and Canonba areas as highly prospective for copper and gold mineralisation. The company intends to use detailed geochemistry and geophysics to define drill targets.

Managing Director, Trevor Woolfe, commented “Encouraging drill results have enhanced the economic prospectivity of the Girilambone area. Recognition of the mineralised corridor as a possible control on the mineralisation has enabled Anchor to establish a strong strategic position.”

• Anchor will commence mapping, geochemical sampling and drilling in the September quarter of 2008.