Lago Dourado Discovers New Gold Zone: Intercepts 13 Metres of 4.00g/t Gold and 57 Metres of 1.52g/t Gold From Surface at Maur...
28 8월 2012 - 9:00PM
Marketwired Canada
Lago Dourado Minerals Ltd. (TSX VENTURE:LDM) (the "Company") has discovered a
new mineralized zone from its ongoing reconnaissance-style RC drill campaign at
its flagship, 100%-owned Juruena Project located in Mato Grosso, Brazil. The
discovery of the Mauro Zone is particularly encouraging due to the presence
near-surface of higher grade mineralization within a lower grade halo. The Mauro
Zone is located adjacent to the new major porphyry target identified in the
recently completed IP survey and is proximal to the Uiliam zone, where Hole
JRND046 intercepted 216 metres of 0.55g/t gold (see Figure A). Assay highlights
from this zone include:
-- Hole JRNRC014 intercepted 57 metres of 1.52 g/t gold from surface
including 1 metre of 60.70 g/t gold;
-- Hole JRNRC010 intercepted 13 metres of 4.00 g/t gold including 2 metres
of 20.90 g/t gold;
-- Hole JRNRC011 intercepted 22 metres of 1.11g/t gold from surface
including 1 metre of 16.30g/t gold.
"The existence of higher grade mineralization close to surface has positive
implications for the resource potential of the Mauro Zone and also adds another
zone to the potential resource base being systematically compiled by our
exploration team. We look forward to receiving additional RC results of the main
porphyry targets as well as to the deeper testing of these targets with the
recommencement of diamond drilling in September," commented Forbes Gemmell, CEO.
High-grade near-surface mineralization at Mauro is predominantly associated with
supergene enrichment but also includes primary mineralization within the host
rock. The mineralized zone at Mauro has been identified over an area of 300
metres by 150 metres with ten of the 11 holes drilled at this zone intersecting
gold mineralization and with three holes ending in mineralization (see Figure
B). The zone remains largely untested and there is excellent exploration
potential given the gold-in-soil anomaly that led to the identification of the
Mauro Zone continues approximately 500 metres to the north and 500 metres to the
south.
Arrastro Target
Drill hole JRNRC007 at Arrastro Sul, a new and previously untested zone adjacent
to the south of the Arrastro Hills Porphyry complex, intercepted 65 metres of
0.21g/t gold near-surface and 22 metres of 0.46g/t gold at the bottom of the
hole. The hole was mineralized throughout. Its close proximity to the Arrastro
Hills porphyry system indicates that this large system (5km by 2.5km) is highly
likely to contain multiple mineralized bodies. Arrastro Sul consists of a large
Au-Mo-Cu soil anomaly that corresponds with an ovoid magnetic feature (+600m)
which is intersected by the main Juruena Fault. Mineralization consists of
finely disseminated sulfides within a moderately altered, fine grained mafic
intrusive rock with an intensely altered, fine grained felsic intrusive unit
encountered towards the bottom of the hole where higher gold grades were
reported.
Five RC holes were drilled at the Arrastro SE porphyry target with only JRNRC004
intercepting gold mineralization (3 metres of 0.75g/t gold and 1 metre of
3.61g/t gold). All holes were drilled prior to the completion of the IP survey
and were drilled outside the zone that demonstrated the strongest chargeability
anomaly. Hole JRNRC004 was the closest hole to the IP anomaly (100m away) and
gold mineralization in the hole was associated with sulfide veinlets, a positive
indicator that the IP anomaly lies on mineralization. Follow up RC holes have
been designed to test the four main IP anomalies at Arrastro Hills and will be
completed in the coming weeks.
Table 1 - Juruena Assay Result Summary:
----------------------------------------------------------------------------
From To Length Au Ag Hole ended in
Hole Number Zone (m) (m) (m) (g/t) (g/t) mineralization
----------------------------------------------------------------------------
JRNRC001 Arrastro Sul 0 25 25 0.16 0.08
----------------------------------------------------------------------------
JRNRC002 Arrastro SE No significant mineralization
----------------------------------------------------------------------------
JRNRC003 Arrastro SE No significant mineralization
----------------------------------------------------------------------------
JRNRC004 Arrastro SE 28 31 3 0.75 0.26
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46 47 1 3.61 1.40
----------------------------------------------------------------------------
JRNRC005 Arrastro SE No significant mineralization
----------------------------------------------------------------------------
JRNRC006 Arrastro SE No significant mineralization
----------------------------------------------------------------------------
JRNRC007 Arrastro Sul 4 69 65 0.21 0.34 Y
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94 116 22 0.45 0.60
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JRNRC008 Mauro 0 19 19 0.48 0.27 Y
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40 44 4 1.18 5.89
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JRNRC009 Mauro 0 8 8 0.36 nsm Y
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33 37 4 0.39 0.65
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JRNRC010 Mauro 0 14 14 1.07 0.58
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43 56 13 4.00 0.52
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including 43 45 2 20.90 2.29
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JRNRC011 Mauro 0 22 22 1.11 0.57
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including 12 13 1 16.30 3.65
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JRNRC012 Mauro 14 19 5 0.70 nsm
----------------------------------------------------------------------------
JRNRC013 Mauro 34 40 6 0.27 nsm Y
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JRNRC014 Mauro 0 57 57 1.52 0.28
----------------------------------------------------------------------------
including 10 11 1 60.70 5.17
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JRNRC015 Mauro 0 21 21 0.27 nsm
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JRNRC016 Mauro 20 21 1 2.49 0.47
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29 31 2 0.88 0.21
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JRNRC017 Mauro 33 36 3 0.86 0.44
----------------------------------------------------------------------------
JRNRC018 Mauro 45 47 2 1.00 0.29
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Note - Intervals are based on a bottom cut-off of 0.15g/t gold and do not
necessarily indicate true widths.
Qualified Person
Murray Paterson, P.Geo, Vice President Exploration and Development for Lago
Dourado Minerals Ltd, is the Qualified Person, within the meaning of NI
43-101,who reviewed the technical data in this news release. Samples were fire
assayed by Acme Analytical Laboratories S.A. in Santiago, Chile.
About the Company:
Lago Dourado Minerals Ltd. is a Canadian mineral exploration company focused on
advancing its 100%-owned Juruena gold project in the state of Mato Grosso,
Brazil. Extensive gold mineralization has been identified over 15 square
kilometres of the property, and at least 450,000 oz of gold has been mined from
surface workings. The Company has conducted systematic exploration programs over
portions of the property and priority target areas will be drill tested with a
Phase 2 drill campaign that is expected to be ongoing through 2012.
For further information about the company, please visit www.lagodourado.com or
www.sedar.com.
Forward-Looking Statements
This news release contains certain forward-looking statements and
forward-looking information (collectively referred to herein as "forward-looking
statements") within the meaning of Canadian securities laws. All statements
other than statements of historical fact are forward-looking statements. Undue
reliance should not be placed on forward-looking statements, which are
inherently uncertain, are based on estimates and assumptions, and are subject to
known and unknown risks and uncertainties (both general and specific) that
contribute to the possibility that the future events or circumstances
contemplated by the forward-looking statements will not occur. Although Lago
Dourado believes that the expectations reflected in the forward looking
statements contained in this press release, and the assumptions on which such
forward-looking statements are made, are reasonable, there can be no assurance
that such expectations will prove to be correct. Readers are cautioned not to
place undue reliance on forward-looking statements included in this document, as
there can be no assurance that the plans, intentions or expectations upon which
the forward-looking statements are based will occur. By their nature,
forward-looking statements involve numerous assumptions, known and unknown risks
and uncertainties that contribute to the possibility that the predictions,
forecasts, projections and other forward-looking statements will not occur,
which may cause Lago Dourado's actual performance and results in future periods
to differ materially from any estimates or projections of future performance or
results expressed or implied by such forward-looking statements. The
forward-looking statements contained in this news release are made as of the
date hereof and Lago Dourado does not undertake any obligation to update
publicly or to revise any of the included forward-looking statements, except as
required by applicable law. The forward-looking statements contained herein are
expressly qualified by this cautionary statement.
To view Figure A, please visit the following link:
http://media3.marketwire.com/docs/LAGOFIGA.pdf.
To view Figure B, please visit the following link:
http://media3.marketwire.com/docs/LAGOFIGB.pdf.
Lago Dourado Minerals Ltd. (TSXV:LDM)
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부터 5월(5) 2024 으로 6월(6) 2024
Lago Dourado Minerals Ltd. (TSXV:LDM)
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부터 6월(6) 2023 으로 6월(6) 2024
