Australian KUTh Energy announces exploration results

In a recent company announcement, Australian KUTh Energy announces exploration results from a survey commissioned across the company’s main Tasmanian Tenement.

The company states that “The previously unrecognised southern extension of the TCZ towards KUTh Energy’s existing high heat flow anomaly in Central Tasmania presents an excellent target for future geothermal exploration.  In 2009 KUTh Energy will continue with a program of targeted geophysical data acquisition to better define the location and extent of the TCZ in this area with the intention of targeting a drill program in the second part of the year.  KUTh Energy will continue to be assisted in this goal by co-funding of exploration expenditure through the Commonwealth REDI grant scheme. ”

Source: Company statement