Reed Resources locates robust geophysical target beneath historic 5.1% nickel gossan December 17, 2009

Reed Resources Ltd (ASX: RDR) reports that it has located a robust IP-EM anomaly along strike and below a historic 5.1% nickel gossan at the Mount Finnerty Project. An RC drilling programme has been organised to take place in January 2010.

The geophysical anomalies also coincide with an extensive PGE soil geochemical anomaly that has maximum values in excess of 100 ppb Pt+Pd (2006). This anomaly is at least 500m in length along the strike of the ultramafic unit.

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