Bear Creek Mining (TSX Venture: BCM - News; "Bear Creek" or the "Company") is pleased to announce results from thirteen additional diamond drill holes (Phase 3 drilling) and results from soil/rock chip grid sampling on the extreme north and south ends of the area drilled to date at its 100% owned Santa Ana silver project. Santa Ana is located 200 kilometers south of the Company's Corani silver-base metal deposit in southeastern Peru. Drilling at Santa Ana now totals 7,501 meters in fifty-five drill holes. Highlights of this press release include:
- Drill hole SA-26A intersected mineralized volcanics with 128
meters @ 48 g/t Ag, including 14 meters @ 84 g/t Ag and 30
meters @ 91 g/t Ag.
- Higher grade intervals intersected in SA-25 and SA-26; 4 meters
@ 119 g/t Ag and 10 meters @ 95 g/t Ag, respectively.
- Mineralization extended 350 m to the north and 400 m to the south
through soil and rock-chip grid sampling, increasing the target
size by 50%.
- Mineralization remains open with strong vectors for extension in
three directions plus at depth.
Andrew Swarthout, President and CEO of Bear Creek, states "The continuing positive results from Phase III underscore the potential for intersecting blind, higher-grade silver mineralization within the extensive volumes of lower grade silver halo at Santa Ana. The latest drilling and grid sampling significantly expands the footprint of mineralization and defines additional untested high grade zones that will likely contribute significant value to the discovery. Importantly, oxide mineralization continues to dominate; a factor that bodes well for the excellent leaching characteristics indicated by early metallurgical testing. We are expanding the Phase III drill program, as well as continuing our aggressive metallurgical test program. Mineralization remains open in all directions. A second drill has been requested in order to advance drilling towards the project's first resource estimation by year-end."
Mr. Swarthout continues "The drill is currently working to the north within the newly discovered soil/rock-chip grid anomaly approximately 150 meters north of the farthest north hole (SA-22) and a second platform an additional 150 meters north is next in line. Assay results from these holes will be reported as they become available in the coming weeks. Additional soils and rock geochemical sampling within the district is expected to further extend the target areas."
For detailed news : biz.yahoo.com/prnews
June 27, 2007
Bear Creek drilling and new sampling expands silver mineralization on its 100% owned Santa Ana project, Peru
Posted by Admin at 10:31 PM 0 comments
Labels: Silver
May 19, 2007
New Guinea Gold Corporation: Imwauna Drilling Intersects Grades to 21.3g/t Gold & 61g/t Silver
New Guinea Gold Corporation (NGG) (TSX VENTURE:NGG - News) reports further drill results from its 100% owned Imwauna Project within the Normanby Property in Papua New Guinea. All results above a cut-off of 0.5g/t gold are shown in the table below.
Assay results have been received from diamond drill holes IMD095 to IMD097 inclusive. Hole IMD104 is now in progress and results are awaited for holes IMD098 to IMD103. Of particular significance are the multiple intersections in hole IMD095 collared in the south of the project including 1.0m at 8.40g/t gold and 27g/t silver between 32.6 and 33.6m; 1.10m at 9.05g/t gold and 20g/t silver between 108.3m and 109.4m and 4.6m at 6.44g/t gold between 111.3m and 115.9m including 1.0m at 21.3g/t gold and 15.5g/t silver.
Generally, narrow, high grade zones were intersected in drill holes IMD096 and IMD097 collared in the centre of the prospect area. Results include 0.20m at 15.65g/t gold and 61g/t silver from 68.70m to 68.90m and 0.20m at 10.95g/t gold and 10g/t silver from 90.60m to 90.80m in IMD096. Drilling has shown that even such narrow intervals of high grade are significant as these zones can rapidly increase in width along strike or to depth.
Diamond drilling with the second core rig has been completed at the adjacent Weioko prospect on the Sehulea Property, Normanby Island, and is being mobilised to the Normanby Property to increase the drilling capability at that project. Drilling with this second rig will focus on exploratory holes to test prospects such as Ebessowa to the north of Imwauna (see map at www.newguineagold.ca), the Imwauna system at depth and further along strike to the south. These exploration holes will allow an Inferred Resource for the system to be estimated in addition to Indicated and Measured Resources based on the detailed drilling completed to date.
Summary assay results and drill collar location data for drill holes IMD095 to IMD097 inclusive is given in the following tables.
Drill Hole Location Data
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Hole Co- Final RL
No ordinates Azimuth Dip Depth
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Northing Easting Degrees Degrees (m) (m)
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IMD095 8886603 288924 100 -60 151.6 551
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IMD096 8886853 289001 100 -70 201.4 496
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IMD097 8886844 289011 100 -80 130 564
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Summary of Intersections above 0.5g/t gold
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Hole Intersection Interval Gold Silver
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No From To (m) (m) (g/t) (g/t)
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IMD095 26.5 27.5 1.00 1.09 -
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32.6 33.6 1.00 8.40 27
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59.3 59.9 .60 5.07 14
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108.3 109.4 1.10 9.05 20
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111.3 115.9 4.60 6.44 3
including 111.3 112.3 1.00 21.30 15
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IMD096 41.80 42.50 0.70 2.20 10
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72.4 73.9 1.50 10.43 11
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IMD097 63.2 63.54 0.30 0.66 12
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68.70 68.90 0.20 15.65 61
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69.80 70.10 0.30 1.11 35
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90.60 90.80 0.20 10.95 10
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True widths of intersections are estimated to be between 70 and 90% of the intervals above.
Samples are generally one metre, or sampled on a geological basis, one half core prepared on site using a diamond saw. Preparation and assaying was completed at accredited laboratory ASL-Chemex in Townsville, Australia.
For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net
The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr McNeil has an MSc in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.
Source : www.newguineagold.caPosted by Admin at 7:19 AM 0 comments
Salazar Reports Results From its New Anomaly Cade 1, Ecuador: 7m at 9.8 g/t Gold, 409 g/t Silver and Over 1% Zinc
Salazar Resources Ltd. (TSX VENTURE:SRL - News; FRANKFURT:CCG - News) -Mr. Fredy Salazar, President, is pleased to announce further results from the Company's 2007 exploration program in Ecuador. Ongoing exploration within the Las Naves mining concession of the Curipamba Project has received results from initial work carried out at Cade 1, an anomaly recently identified; Cade 1 is located 850 meters northwest of the El Gallo anomaly (To view Figure 1, please click on:
http://www.ccnmatthews.com/docs/srl517fig1.jpg).
Significant results from a rock chip sampling program at Cade 1 include 7 meters of 9.8 grams per tonne gold, 409 grams per tonne silver and over 1 % zinc. Mineralization at Cade 1 is hosted within in a hydrothermal breccia that hosts argilic clasts within a silica, poly- sulphide matrix (silver mineralization with pyrite, sphalerite and galena) (To view Figure 2, please click on: http://www.ccnmatthews.com/docs/srl517fig2.jpg).
The total channel sampling covered a width of approximately 12 meters and a total 8 samples at 1 meter spacing were collected. Within the mineralized zone, samples ranged from 0.06 g/t to 12.65 g/t gold and 0.5 g/t to 507 g/t silver. The total width of the structure is unknown since the structure is cut by a river. (To view Table 1, a listing of complete assay results, please click on: http://www.ccnmatthews.com/docs/srl517table1.jpg).
Mr. Salazar, President, stated, "We believe we may have sampled only a small portion of the mineralized and brecciated structure at Cade 1 as there is significant surficial cover within the area. To date the defined structure has not been observed but we consider it could be the north extension of El Gallo Anomaly. We will test the extent and depth of this structure with our aggressive diamond drill program planned for August."
Before the drill program commences, further geological, geophysical and geochemical work will focus on determining the continuity of the mineralized structures. Grid lines are currently being set every 50 meters and soils sampled by auger are being collected every 25 meters. Numerous channel samples will be taken from outcrops located within the grid.
Dr. Howard Lahti, P. Geo, the Qualified Person for the company as defined in Canadian National Instrument 43-101, has reviewed this news release for accuracy.
Samples preparation was performed by ALS Chemex Quito, Ecuador using standard industry practices (Sample prep -32). Analytical work was carried out at the ALS Chemex Laboratory in Vancouver, Canada using fire assay methods for gold (Au-25 procedure). A QC program was used whereby of every 10 samples one was sent for reanalysis at BSI Inspectorate Lab; as were several samples with values higher than 5 g/t gold. Standard samples, blanks and duplicate check samples were randomly inserted into the sample lot to ensure quality control. A review of the QA/QC results shows no significant unfairness and the results are considered reliable.
Source : www.salazarresources.com
Posted by Admin at 7:15 AM 0 comments
