Normabec Cuts 2.131 kg/t Ag (62 oz/t) Over 7.62 Meters, 18.728 kg/t Ag (546 oz/t), 11.97% Pb, 11.52% Zn Over 1.70 Meters on the
22 7월 2008 - 9:35PM
Marketwired
MONTREAL, QUEBEC, CANADA (FRANKFURT: N6M) ("Normabec" or "the
Company"), through its wholly owned Mexican subsidiary Minera Real
Bonanza S.A. de C.V. ("MRB"), is pleased to announce the latest
results from its Phase 1 diamond drilling program on the Real de
Catorce project located in the state of San Luis Potosi in
north-central Mexico.
It should be noted that, given that these results were just
received, they are not included in the resource estimate of 33
million ounces released on June 19th (see details below)
UNDERGROUND DRILLING
Results were obtained from a distinct hangingwall vein in hole
VMP-19, from the Refugio Vein in hole VMP-27 and from the Veta
Madre Vein in hole VMP-29. It is important to note that the
intersection in hole VMP-29 is the deepest one ever drilled on that
structure, indicating that it is still well open at depth.
Interestingly, the gold content is significantly higher in this
hole than in any other hole drilled so far on the project.
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HOLE FROM TO LENGTH Ag Pb Zn Comments
(m) (m) (m) g/t oz/t % %
---------------------------------------------------------------------------
Hangingwall
VMP-19 250.95 252.65 1.7 18 728 546.32 11.97 11.52 vein to Veta
Madre (massive
sulphides)
VMP-27 51.5 53.25 1.75 216 6.30 Veta Refugio
Veta Madre
VMP-29 356.17 361.85 5.68 229 6.68 1.4 2.3 deepest
intersection
(0.47 g/t Au)
---------------------------------------------------------------------------
Results from hole VMP-19, although not representative of the
overall grade of that structure, clearly indicate the potential for
bonanza grades on the property.
SURFACE DRILLING
Some of the results for holes VMS-36, 38, 39 and 41 which tested
Veta Madre were released in May 2008; those which were pending have
now been received and combined results are presented in the table
below. Also, complete results from hole VMS-37, drilled later in
the sequence, have also been received. The former four holes
returned intersections much wider than expected, hence adding
significant tonnage to the resource estimate published last
June.
---------------------------------------------------------------------------
HOLE FROM TO LENGTH Ag Comments
(m) (m) (m) g/t oz/t
---------------------------------------------------------------------------
VMS-36 199.6 207.5 7.9 279 8.14 Updated from May
VMS-37 176.85 193.12 9.61 244 7.12 Veta Madre, partially
mined out
VMS-38 95.38 110.03 14.65 359 10.47 Updated from May
VMP-39 116.28 123.9 7.62 2,131 62.16 Updated from May
VMS-41 95.45 100.1 2.75 184 5.37 Hangwingwall vein to
Veta Madre
VMS-41 154.25 170.15 11.9 142 4.14 Updated from May, Veta
Madre partially mined out
VMS-41 175.95 181.5 5.55 128 3.73 Footwall vein to Veta
Madre
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These results are consistent with those previously released from
Veta Madre and its subsidiary structures. They attest to the
quality of the resource on the property as well as to the potential
to increase it further. True width of Veta Madre is estimated at
approximately 5.0 metres.
The company is now gearing up for the Phase 2 drilling program
on Veta Madre. This phase will consist of 5,000 metres of surface
drilling on a 100 metre X 100 metre grid. The objective of this
program is to test and hopefully confirm the presence of the
structure, at depth, over an additional strike length of
approximately 1,000 metres. The Phase 1 drilling program has
already confirmed the presence of the structure to a depth
exceeding 700 metres in the sector of the Purisima oreshoot.
The 2008 43-101 Resource Estimate consisted of:
Measured: 2.6 MT grading 221 g/t Ag, 18.6 M oz Ag
Indicated: 1.0 MT grading 321 g/t Ag, 10.2 M oz Ag
Measured in tailings 1.4 MT grading 90 g/t Ag, 4.1 M oz Ag
------------
Total: 32.9 M oz Ag
Samples were prepared and assayed at Chemex Lab of Guadalajara,
Mexico. Methods used are Au-ICP21 for gold and ME-ICP41 for multi
elements including silver. Detection limits for Ag are 0.2 - 100
ppm. Silver values higher than 100 ppm are submitted to method
AG-AA46 consisting of aqua regia digestion with ICP-AES or AA
finish (up to 1,500 ppm Ag). QA/QC was performed using two silver
standards and one blank being introduced alternatively (every 25
samples). Duplicates are being performed by the laboratory.
This press release was reviewed and approved by Pierre O'Dowd,
Qualified Person, as defined by NI 43-101 of the Canadian
Securities Administrators.
Normabec is a junior mining exploration company with a portfolio
of advanced projects including: the Pitt Gold project in Quebec and
Real de Catorce Silver project in Mexico.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this press release.
Contacts: Normabec Mining Resources Ltd. Robert Ayotte President
450-441-9177 info@normabec.com www.normabec.com Normabec Mining
Resources Ltd. Louis Morin Director of Investor Relations
514-591-3988 louis.morin@normabec.com
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