Enterprise Metals Limited has completed a detailed 200m line-spaced magnetic and radiometric survey of the Cunderdin Iron Project area. Preliminary magnetic data has now been image-processed. The imagery clearly displays a highly folded magnetic unit within the company's tenements which is interpreted to be an Archaean quartz-magnetite/banded iron formation (BIF). The cumulative strike extent of the interpreted quartz magnetite/BIF unit is estimated to be 10km, and therefore represents a significant tonnage. Whilst the larger exploration target is magnetite, the more valuable target is non-magnetic hematite. The company recognises the potential for the development of hematite at Cunderdin, and has identified a number of targets along the interpreted BIF trend where partial de-magnetisation has occurred. These areas are adjacent to major NE and E trending shear zones, and possibly indicate the conversion of magnetite to non-magnetic hematite or goethite, a hydrated form of iron ore.

Enterprise Metals Limited has received geochemical analyses for the RC holes drilled in the Doolgunna channel, the three RC holes at Donald Well, and five RC holes at No. 2 Bore. From the 2009 RC drilling program at Doolgunna, all assays have now been received with the exception of three holes at No. 2 Bore. The 2009 exploration program has largely focused on testing gold targets on the limited number of granted tenements where ground disturbance and drilling is permitted at this time. This initial exploration program has been the first deep test of the alluvial gold and coincident base metal anomalies generated by the company along the 50km long magnetic trend termed the South Boundary Fault. The results to date, although devoid of any economic mineralization, need to be thoroughly assessed over the coming months to determine the need for further exploration along the South Boundary Fault. The portfolio of tenement applications at Doolgunna includes a significant strike length of the Goodin Fault, which separates the Narracoota Formation volcanics (Bryah Basin) from the Doolgunna Formation sediments (Yerrida Basin). The company has a number of excellent soil and Maglag copper anomalies within the Narracoota volcanics and along the Goodin fault which remain to be drill tested. Drill testing of these targets is expected to take place after the granting of these tenements in the first half of 2010.

Enterprise Metals Limited has received analytical results from holes GKRC011 to GKRC016 at Golden King, part of the Revere Project in Western Australia. These holes are part of an ongoing reverse circulation (RC) drill program testing geophysical/geochemical targets in sediments of the Yerrida Basin and volcanics of the Bryah Basin. Holes GKRC011-016 were drilled as a fence across the eastern-most VTEM/IP conductor. Hole GKRC011, between 32-40m, intersected weathered sediments with elevated but low-level gold, (av 0.04ppm Au). For the 36m zone immediately above the base of weathering, copper and arsenic were markedly elevated (from 76-112m, 36m at 170ppm Cu and 49ppm As). In the primary zone, zinc was elevated between 176-200m (av 120ppm Zn). Hole GKRC013 encountered a zone of anomalous zinc from 104-152m (av 126ppm Zn), and another lower zinc zone of 44m thickness from 188m (av 137ppm Zn). Hole GKRC014 encountered a zone of anomalous zinc from 48-108m (av 191ppm Zn), and another lower zinc zone of 64m thickness from 124m (av 223ppm Zn). Hole GKRC015 was depleted in metals in the weathered zone to a depth of 68m, which was immediately followed by a 40m zone of weak zinc enrichment averaging 120ppm Zn. Hole GKRC016 encountered elevated arsenic values from surface to 124m (16-46ppm) within the zone of weathering, and elevated zinc from116m to end of hole at 214m. Assay results for two holes on the western-most fence of holes, GKRC 009 and GKRC010, and GKRC017, are still awaited.

Enterra Goes Growth, Investors Cheer Approval

Enterra Energy Trust Announces 2010 Capital Budget and Guidance

Enterra Announces Management Appointments

Pro Picks in the MLP Segment Are Right Around the Corner

Is Sentiment Getting More Bullish?

Traders Optimistic for Energy Trusts' Corporate Potential

Pro Picks In Pre-Conversion Energy Trusts

Energy Trusts Headed North After Penn West Earnings

Pro Picks In Pre-Conversion Energy Trusts

Enterra Announces Management Appointments

Enterra Energy Trust Announces 2010 Capital Budget and Guidance

Enterra Goes Growth, Investors Cheer Approval

Ballard Power, Enterra: Early Volume Plays

Enterra Energy Trust Announces Intent to Convert to E&P Company Called Equal Energy

Enterra Delivers Notice of Termination to Farmout Partner in Oklahoma Hunton Play

Asset Swap Helps Penn West While Oil Moves Energy Trusts

Energy Trust Announces Pre-Conversion Plans, Ups Distribution

Why Energy Trust Investors Should Follow the Dollar

Enterra Acquires Initial Land Position in Alberta's Light Oil Cardium Play

International Buyout Fever Hits Energy Trusts