Iberian Minerals Corp. (TSX VENTURE: IZN) today announces results
from ongoing exploration programs on targets surrounding the
Company's Condestable Mine in Peru. The Vinchos Sur, Condestable
10, Condestable Norte and San Marcos targets were identified in
previous exploration programs and were included in both the 2010
and 2011 budgets.
Daniel Vanin, President & CEO of Iberian said "The Company
has a number of targets at Condestable that are of interest to our
team and we are pleased with the initial results of our drill
program.
We have identified a porphyry system at surface which could be
of interest to the company, and further test work will be
undertaken to determine whether it could support a small open pit
operation.
The results of this initial drill campaign, and drill hole
SDH-4680 in particular, are confirmation of the economic continuity
of Raul mine mineralization down to the -530 level; which is 230m
below the deepest level of our current operations."
Vinchos Sur
The Vinchos Sur project, part of Condestable's 46,720 hectares
of exploration concessions, is located south of the Raul mine and
was identified early on as a priority target following the Raul
mine purchase. Test work was undertaken in order to identify
mineralized targets surrounding the Raul mine to enable the
potential expansion of operations. Field work at Vinchos Sur began
in May 2010.
As of August 2010, a total of 174 hectares had been mapped in
the area. A total of 270 chip samples were logged from vein and
mantos outcrops, of which 162 samples were from mineralized
structures and 108 from sample lines.
The sampling identified two north-east and north-west
mineralized systems of varying thickness from 0.30m-0.40m and
mineralized mantos that appear to outcrop in the north-east sector
of the project (Chicharron unit roof) with 40-50 degrees SW dip
exhibiting strong iron oxidation, which is often associated with
copper oxides.
Two mantos, 18 veins and 6 fault veins were identified on the
surface with grades averaging between 0.44% - 2.50% copper and two
veins with maximum grades of 8.08% and 5.66% copper
respectively.
With mapping complete, the Company undertook a drilling program
consisting of 6 drill holes totaling 1,800m in order to intercept
the mineralized structures. A stockwork zone in andesitic lava
south-east of the project was discovered that exhibited copper
mineralization with values from 0.67% to 1.28% copper in chip
samples.
The drill campaign commenced in November 2010 with three drill
holes totaling 1,304m. Highlights from these holes are:
SDH-4596: 466.20 m (Average dip: 42 degrees)
----------------------------------------------------------------
Length of Average Number of
From(m) To (m) Intercept (m) % copper samples
----------------------------------------------------------------
102.50 106.70 4.20 3.34 5
----------------------------------------------------------------
Hole SDH-4596 intercepted a fault vein with chalcopyrite
mineralization at approximately 73 meters above sea level. While
the high grade of the mineralized structure is important, zoning
indicates that veins are also usually mantos feeders, giving this
fault vein important value as replacement mineralization in mantos
deeper in the deposit.
SDH-4662: 237.60 m (45 degrees dip)
No positive results.
SDH-4680: 600.25 m (Average dip: 68 degrees)
To view an image of SDH-4680: 600.25 m (Average dip: 68 degrees)
please visit the following link:
http://media3.marketwire.com/docs/feb%20i%20image%201.pdf
------------------------------------------------------------
Length of Average Number of
From(m) To (m) Intercept (m) % copper samples
------------------------------------------------------------
50.25 51.05 0.80 1.18 1
------------------------------------------------------------
60.60 61.00 0.40 1.17 1
------------------------------------------------------------
62.75 64.00 1.25 1.40 1
------------------------------------------------------------
69.10 69.80 0.70 0.99 1
------------------------------------------------------------
512.10 512.80 0.70 1.57 1
------------------------------------------------------------
519.40 521.80 2.40 3.24 4
------------------------------------------------------------
526.50 528.20 1.70 2.09 3
------------------------------------------------------------
555.20 555.80 0.60 1.00 1
------------------------------------------------------------
563.20 564.90 1.70 0.76 3
------------------------------------------------------------
594.00 596.90 2.90 3.70 4
------------------------------------------------------------
603.40 605.00 1.60 0.76 3
------------------------------------------------------------
611.20 613.60 2.40 2.45 4
------------------------------------------------------------
614.10 619.90 5.80 1.13 10
------------------------------------------------------------
621.30 623.00 1.70 1.02 3
------------------------------------------------------------
623.30 623.90 0.60 1.09 1
------------------------------------------------------------
641.25 641.70 0.45 1.14 1
------------------------------------------------------------
642.90 645.90 3.00 1.21 5
------------------------------------------------------------
649.00 650.80 1.80 1.05 3
------------------------------------------------------------
651.40 653.60 2.20 2.39 4
------------------------------------------------------------
655.00 665.60 10.60 1.26 18
------------------------------------------------------------
667.40 694.20 26.80 1.73 46
------------------------------------------------------------
Hole SDH-4680 intercepted mineralized mantos at different depths
as shown in the table above. Mantos within the Polvorin Intermedio
lithological units with disseminated pyrite, chalcopryte and
bornite were identified from 360 to 528 meters below sea level.
These results demonstrate the continuity of mineralization some 350
meters deeper than the current mantos stope operations.
Note: All intervals are core lenghts, true widths have not yet
been calculated.
At the bottom of the same drill hole two mineralized sequences
measuring 10.60m and 26.80m (down hole lengths) were intercepted
with 1.26% and 1.73% Cu average grades respectively.
To view an image of "Overview of the Condestable and Raul Mines
showing the location of drill hole SDH 4680" please visit the
following link:
http://media3.marketwire.com/docs/feb1%20image2.pdf
Condestable 10
The Company will start drilling at Condestable 10 at the end of
March this year. Initially part of the 2010 program, drilling at
Condestable 10 was deferred in order to concentrate on the Vinchos
Sur target. Results will be expected in due course.
Condestable Norte
The Condestable Norte target will follow up on potential
extensions to the Condestable Mine. A fault cuts off mineralization
to the north of the Mine, and exploration is planned to investigate
possible mineralization on the far side of the fault.
San Marcos
The Company previously identified the San Marcos target four
kilometers north of the Condestable Mine for inclusion in the 2010
drill program. Four holes were drilled in a geophysical anomaly
that intercepted mantos with minor mineralization. San Marcos has
been designated a lower priority target.
All technical information in this press release has been
reviewed and approved by Mike Newbury, P.Eng. who is a Qualified
Person ("QP") under National Instrument 43-101.
About Iberian Minerals Corp.
Iberian Minerals Corp. is a Canadian listed global base metals
company with interests in Spain and Peru. The Condestable Mine,
located in Peru approximately 90 km south of Lima operates at 2.2
million tonnes per year producing copper, and associated silver and
gold in a concentrate. The Aguas Tenidas Mine is in the Andalucia
region of Spain approximately 110 km north-west of Seville and
operates a 2.2 million tonnes per year underground mine and
concentrator that produces copper, zinc and lead concentrates that
also contain gold and silver.
FORWARD LOOKING STATEMENTS:
This news release contains certain "forward-looking statements"
and "forward-looking information" under applicable securities laws.
Except for statements of historical fact, certain information
contained herein constitutes forward- looking statements.
Forward-looking statements are frequently characterized by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", and other similar words, or statements
that certain events or conditions "may" or "will" occur. Forward
looking information may include, but is not limited to, statements
with respect to the future financial or operating performances of
the Corporation, its subsidiaries and their respective projects,
the timing and amount of estimated future production, estimated
costs of future production, capital, operating and exploration
expenditures, the future price of copper, gold and zinc, the
estimation of mineral reserves and resources, the realization of
mineral reserve estimates, the costs and timing of future
exploration, requirements for additional capital, government
regulation of exploration, development and mining operations,
environmental risks, reclamation and rehabilitation expenses, title
disputes or claims, and limitations of insurance coverage.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are based on
a number of assumptions and subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. Many of these assumptions are based on
factors and events that are not within the control of the
Corporation and there is no assurance they will prove to be
correct. Factors that could cause actual results to vary materially
from results anticipated by such forward-looking statements include
changes in market conditions and other risk factors discussed or
referred to in the section entitled "Risk Factors" in the
Corporation's annual information form dated March 29, 2010.
Although the Corporation has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be anticipated, estimated or intended. There can
be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The
Corporation undertakes no obligation to update forward-looking
statements if circumstances or management's estimates or opinions
should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on forward-looking
statements.
Neither 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 release.
Contacts: Iberian Minerals Corp. Laura Sandilands Investor
Relations and Corporate Communications 416-815-8558
InZinc Mining (TSXV:IZN)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
InZinc Mining (TSXV:IZN)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024