RNS Number : 6572I
  Rusina Mining NL
  21 November 2008
   

    FOR IMMEDIATE RELEASE                                                                      21st November 2008
    RUSINA MINING NL ("Rusina" or the "Company")
    DRILLING AND SHIPPING UPDATE

    Drilling
    Rusina Mining NL (the 'Company') is pleased to advise that it has received some additional analytical results further to that reported
in the September Quarterly report from its Acoje tenement on the island of Luzon in northern Philippines. The hole, CACR-01, confirmed high
grade chromite intercepts, including 6.05m @ 44.4% Cr2O3, as predicted by the geological logging.

    Of further interest were anomalous Platinum Group Metal results that were returned within an intercept of massive chromite, including
0.4m @ 1758 ppb Pt + Pd (1.76 g/t Pt + Pd).

    The PGM's within the Acoje area have previously been considered to be primarily hosted within the altered (Black) Dunite. This
intersection of PGM's within the chromite lodes confirms the exploration potential for PGM's within the Acoje Ophiolite Sequence and invites
the possibility for new geological interpretations to correlate these findings.

    Acoje is well known for its metallurgical grade chromite, which is considered to be premium quality for the steel industry due to the
high chrome to iron ratio of the ore. All significant intercepts reported in Table 2 are classified as 'Metallurgical' grade with an Cr:Fe
ratio greater than 2.
                                                    
 DDH ID       Coordinates UTM WGS84 N51       AZI  DIP  EOH (m)
           Northing     Easting    Elevation
 CACR-01  1738153.687  185197.052   496.825   280  -50   320.0


 DDH ID   From (m)  To (m)  Interval (m)  Cr2O3 (%)  Cr/Fe Ratio  Pt + Pd (ppb)        REMARKS

 CACR-01   241.40   242.00      0.60        33.1         2.2           316       Massive Chromite
 CACR-01   248.40   249.00      0.60        34.6         2.1           66        Massive Chromite
 CACR-01   253.00   259.05      6.05        44.4         2.4           32        Massive Chromite;
                                                                                 Including 1.05m @
                                                                                 166 ppb Pt + Pd
 CACR-01   277.40   277.80      0.40        40.4         2.6          1758       Massive Chromite
                                                                                 (738 ppb Pt + 1020
                                                                                 ppb Pd)
 CACR-01   288.40   292.00      3.60        42.9         2.7           32        Massive Chromite



    Shipping
    The Company's Philippine partner, DMCI Mining Inc, has advised that last week it sold a trial shipment of nickel laterite ore to a
Japanese buyer. The 7,500 tonne shipment grading 2.15% nickel was dispatched on MV Ocean Beauty. The buyer has indicated that it wishes to
receive further regular shipments of high grade ore.

    For further information please contact the undersigned or email rusinaadmin@rusina.com.au.

    Contacts:

    Mark Hanlon, Chief Financial Officer & Company Secretary            Tel +61 8 9226 1111
    Roland Cornish, Beaumont Cornish Limited                                      Tel + 44 (0) 207 628 3396        
    
 

    The Geological Information in this report is based on information compiled by Mr Scott Robson, who is a Member of The Australasian
Institute of Mining and Metallurgy, and has sufficient experience which is relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the
"Australasian Code for Reporting of Exploration results, Mineral Resources and Ore Reserves". Mr Robson consents to the inclusion in this
report of the matters based on his information in the form and context in which it appears.



This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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