Dunav Resources Provides an Update on the Tulare Copper-Gold Porphyry Project, Serbia
27 1월 2014 - 10:30PM
Marketwired
Dunav Resources Provides an Update on the Tulare Copper-Gold
Porphyry Project, Serbia
LONGUEUIL, QUEBEC--(Marketwired - Jan 27, 2014) - Dunav
Resources Ltd. (TSX-VENTURE:DNV) (the "Company" or "Dunav") is
pleased to present an exploration update on its 100%-held Tulare
Porphyry Project located in Southern Serbia.
- HIGHLIGHTS
- The 2013 Yellow Creek and Kiseljak Extension resource
definition drilling program has been completed and the database has
been closed off, with the data forwarded to AMC Consultants Limited
(UK) ("AMC") for an independent National Instrument 43-101 ("NI
43-101") compliant resource estimate.
- Selected intersections are listed below, calculated using a
0.21% CuEq cut-off grade:
Hole ID |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Cu (%) |
AuEq (g/t) |
CuEq (%) |
YCDD031 |
228.0 |
397.0 |
169.0 |
0.31 |
0.28 |
0.77 |
0.47 |
YCDD031 |
404.0 |
494.0 |
90.0 |
0.16 |
0.16 |
0.42 |
0.26 |
YCDD033* |
55.0 |
87.0 |
32.0 |
0.25 |
0.12 |
0.44 |
0.27 |
YCDD033* |
93.0 |
373.1 |
280.1 |
0.29 |
0.21 |
0.63 |
0.39 |
YCDD039* |
144.0 |
187.7 |
43.7 |
0.20 |
0.21 |
0.53 |
0.33 |
Hole ID |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Cu (%) |
AuEq (g/t) |
CuEq (%) |
KIDD075* |
107.0 |
162.0 |
55.0 |
0.23 |
0.18 |
0.52 |
0.32 |
KIDD076 |
26.0 |
34.0 |
8.0 |
0.42 |
0.12 |
0.62 |
0.38 |
KIDD076 |
42.0 |
139.0 |
97.0 |
0.19 |
0.14 |
0.42 |
0.26 |
KIDD077 |
41.0 |
181.0 |
140.0 |
0.19 |
0.27 |
0.63 |
0.39 |
KIDD077 |
212.0 |
284.0 |
72.0 |
0.24 |
0.20 |
0.56 |
0.35 |
- 0.21% CuEq cut-off ($1,400/oz. Au, $3.30/lb. Cu), 5m min.
composite length, 5m max. internal dilution.
- AuEq= ((Au g/t*45.011) + (Cu%*72.753))/45.011
- CuEq= ((Cu%*72.753) + (Au g/t*45.011))/72.753
- Diamond drill samples are PQ, HQ or NQ half core, using a
nominal 1m sampling basis and weigh ~3-6kg.
- Assay method: Fire assay Au (50g); Cu by aqua regia digestion
with AAS or ICPMS finish.
- Intercept widths do not necessarily represent true width.
- No top cut applied.
- (*) Drill hole terminates in mineralization i.e. mineralization
remains open at depth.
- The Tulare Porphyry Project comprises the Kiseljak copper-gold
deposit, the nearby Yellow Creek copper-gold target area and the
Bakrenjaca gold-base metal epithermal system.
- Figure 1 shows a plan view of the current target areas within
the Tulare Porphyry Project.
- Figure 2 shows a plan view of the Kiseljak/Kiseljak Extension
and Yellow Creek target areas with all diamond drilling to
date.
- Figure 3 shows a representative cross section through the
Kiseljak and Yellow Creek copper-gold porphyry zones.
- EXPLORATION UPDATE
Yellow
Creek:
- Wide-spaced drilling on a nominal 120 meter by 120 meter
spacing on the Yellow Creek target area during 2013 was focused on
better defining the copper-gold porphyry-style mineralization first
discovered during late 2011 in order to develop a robust geological
model required to support the generation of an initial National
Instrument 43-101 ("NI 43-101") compliant resource estimate.
- In total, nine diamond drill holes (YCDD031 to YCDD039) for a
total of 2,722.5m, ten reverse circulation (RC) pre-collars
(YCRC001 to YCRC010) for a total of 1,373m and three diamond drill
hole 'tails' (YCDT002, YCDT004 & YCDT005) for a total of 952.8m
were drilled on the project area during 2013.
- No significant intersections were generated from the RC and
diamond 'tail' drilling portion of the program.
- A validated database has been delivered to independent mining
consultants AMC in order to produce an initial NI 43-101 compliant
resource estimate for the Yellow Creek target area. The initial
Yellow Creek estimate is expected during Q2 2014.
- Refer to Table 1 for a summary of Yellow Creek (YCDD031 to
YCDD039) significant intersections received to date.
- Refer to Dunav Press Releases dated April 10 2012, August 28
2012 and February 25, 2013 for previously reported significant
intersections from the Yellow Creek target area.
Kiseljak
Extension:
- An additional three diamond drill holes were drilled into the
far southern portion of the Kiseljak deposit following the closure
of the 2012 drilling database and subsequent handover to AMC. These
drill holes (see Dunav Press Release dated February 25 2013)
extended copper-gold porphyry-style mineralization to the south of
the Kiseljak deposit.
- During 2013 a further six diamond drill holes (KIDD075 to
KIDD080) for a total of 1,360.4m were completed in this area which
has subsequently been referred to as the 'Kiseljak Extension'
area.
- The Kiseljak database, including Kiseljak Extension drilling,
has been closed off, with the data forwarded to AMC for an updated
resource estimate; this re-estimation is not expected to lead to a
material change in the current Kiseljak deposit resource estimate
(with an effective date of November 26 2012), however the
additional drilling will better define the mineralized
'envelope'.
- Refer to Table 2 for a summary of 2013 Kiseljak Extension
significant intersections.
- DISCUSSION
- The Tulare Copper-Gold Porphyry Project area lies within the
Lece Magmatic Complex of southern Serbia; the second largest
magmatic complex in Serbia after the Timok Magmatic Complex.
- During 2012, Dunav completed a scoping level assessment on
seven composite samples from the Kiseljak deposit. Additional test
work is required to further refine the process flow sheet; however
projected overall recoveries are currently approximately 85.5% for
Cu and approximately 67% for Au. Good flotation recovery
characteristics were exhibited for both copper and gold at industry
standard grind sizes and a copper-gold concentrate with no
deleterious elements was produced. Preliminary grinding test work
showed a medium to soft mineralization type with a bond work index
of approximately 11kWhr/t.
- Further metallurgical test work was undertaken during 2013 and
results are expected during Q2 2014.
- Please see the following link to view all Kiseljak and Yellow
Creek drill holes located spatially in three dimensions:
http://www.corebox.net/properties/tulare-porphyry-project
- SAMPLING AND ANALYSIS
Diamond drill core has been prepared at the SGS managed
laboratory facility at Bor and assayed at the SGS managed
laboratory at Bor. Trench and diamond drill samples have been
assayed for gold by 50 gram fire assay with an AAS finish whilst
copper, silver, lead, zinc and molybdenum have been analysed using
an aqua regia digest with either an AAS or ICPMS finish. A one
metre sampling interval has been used where possible for the Tulare
Copper-Gold Porphyry Project diamond drilling program. Half core is
routinely submitted to the laboratory for analysis. Reverse
circulation drill samples have been prepared at the laboratory
facility at Bor and assayed at the laboratory at Bor. A one meter
sampling interval has been used for the Tulare Project reverse
circulation drilling program. Following Dunav standard quality
assurance procedures, a full suite of field and laboratory
duplicates and replicates along with internationally accredited
standards and blanks, have been submitted with each batch of
samples. At the SGS managed assay facility in Bor, analysis of
drill or trench samples for gold is routinely carried out using a
50g fire assay charge with an AAS finish. Silver, lead, zinc and
copper are analyzed using an aqua regia digest (0.3g charge)
followed by either an AAS or ICP-MS finish. Sulfur is analyzed
using an Eltra combustion furnace (0.2g charge).
Dr Julian F. H. Barnes, a qualified person under NI 43-101, the
Company's Special Consultant, has approved the preparation of the
technical data in this press release.
About Dunav Resources Ltd.: Dunav Resources is a mineral
exploration company focused on the acquisition, exploration and
development of mineral properties in Serbia. The Tulare Copper-Gold
Porphyry Project is located in southern Serbia, approximately 230
km from Belgrade and 70 km from the regional centre of Nis. Access
to the project is excellent via sealed roads. Additional
information about the Company is available on SEDAR at
www.sedar.com and at www.dunavresources.com.
Dunav had approximately $9.5 million in its treasury at
September 30, 2013. Dunav's issued and outstanding share capital
totals 175,319,442 common shares, of which approximately 45.5% is
held by Dundee Precious Metals Inc.
Figures 1 to 3 and Tables 1 and 2 are available at the following
address: http://media3.marketwire.com/docs/924063e.pdf
Cautionary Statement
This press release contains forward-looking information. In
particular, this press release contains statements concerning the
completion of a private placement offering, exploration results and
geological interpretation, planned exploration programs, planned
metallurgical test work and other preliminary assessment and
studies, and the geological and economic potential of the Tulare
Porphyry Project. Although the Company believes in light of the
experience of its officers and directors, current conditions and
expected future developments and other factors that have been
considered appropriate that the expectations reflected in this
forward-looking information are reasonable, undue reliance should
not be placed on them because the Company can give no assurance
that they will prove to be correct. Forward-looking information is
subject to known and unknown risks and uncertainties, and depends
on assumptions and other factors, all of which may cause actual
results or events to differ materially from those anticipated in
such forward-looking information. Specifically, the Company's
planned exploration and development programs depend on the ability
of the Company to obtain additional financing and such plans may be
delayed. The forward-looking statements contained in this press
release are made as of the date hereof and the Company undertakes
no obligations to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable
securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
Dunav Resources Ltd.James Crombie, President and Chief Executive
Officer+1.450.640.0810info@dunavresources.comwww.dunavresources.com
(TSXV:DNV)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
(TSXV:DNV)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024