Drilling Report
01 8월 2008 - 3:00PM
UK Regulatory
RNS Number : 3423A
Tianshan Goldfields Ltd
01 August 2008
Tianshan Goldfields Limited
("Tianshan" or the "Company")
ENCOURAGING DRILL RESULTS FROM THE GOLD MOUNTAIN PROJECT EXTENDS MINERALISATON AT THE JINXI DEPOSIT
* Initial results have been received from a 3,293 metres (17 holes) core drilling campaign at the Jinxi Deposit at the Gold Mountain
Project, located in Northwest China.
* Drilling has confirmed that mineralisation extends to the east and southeast at Jinxi deposit.
* Significant drill results from the Jinxi deposit include:
* 10 metres at 2.62g/t gold, including 7 metres at 3.58g/t gold;
* 27 metres at 0.95g/t gold, including 23 metres at 1.09g/t gold; and,
* 15 metres at 0.91g/t gold.
* Assay results for a further 1,430 samples are pending.
Tianshan (ASX/AIM: TGF) is pleased to report that encouraging drill intercepts have been received from the Jinxi deposit, part of the
Company's 90%-owned Gold Mountain Project in northwest China, extending the mineralisation to the east and southeast.
The Jinxi Deposit is one of three deposits which currently form part of the JORC Code compliant resource inventory at Gold Mountain. The
Project has a total Measured, Indicated and Inferred Mineral Resources within the Yelmand-Jinxi, Mayituobi and Lion deposits of 94.8 million
tonnes at an average grade of 0.9g/t gold for 2.64 million contained ounces of gold (at a 0.5g/t gold lower cut-off grade).
Importantly, the majority of drill holes from the 3,293 metre drill campaign intersected brecciated and hydrothermally overprinted
volcanoclastics with gold intersections over moderate widths reported in the initial assays received (Table 1). Of the 17 holes completed at
Gold Mountain, assay results for the first 5 holes have been received and the highlights include:
* 27.8 metres at 0.95g/t Au from 117 metres, including 23 metres at 1.09g/t Au from 117 metres;
* 2 metres at 0.61g/t Au from 95 metres;
* 10 metres at 0.62g/t Au from 196 metres; and,
* 10 metres at 2.62/t Au, including 209 metres and 7 metres at 3.58g/t Au from 211 metres.
Assay results are awaited for a further 1,430 samples that have been submitted for analysis. Drillholes DD08JX162 and DD08JX166 which
targeted the central eastern portion of the north-south aligned feeder zone, where mineralisation is typically of higher grade, have
intersected disseminated sulphides in hydrothermal breccias, extending further east than previously known.
Drilling at DD08JX159 in the in the far south east of Jinxi has located the contact between tuffs and volcanic breccia units with the
Lion Hill andesite. Significantly, a 10m zone of disseminated sulphide in tuffs and volcanic breccia was intersected immediately above the
andesite contact.
In-fill and resource extensional drilling will be undertaken in the coming months at the Yelmand deposit and south-west margins of
Balake. Once all assay results are to hand, for the as yet un-reported Jinxi drillholes (DD08JX158 to DD08JX168 inclusive, Table 1), further
infill drilling will be undertaken at this prospect to evaluate continuity of mineralisation and potential to extend east to the contact
with the andesite/dacite intrusion of Lion Head.
Mr SA Allnutt (MAIG), Chief Geologist of Tianshan Goldfields Limited compiled the technical aspects of this report relating to the Gold
Mountain Project. Mr Allnutt has sufficient experience that is relevant to the style of mineralisation and type of deposit under
consideration and to the activity that is being reported on to qualify as a Competent Person as defined in the 2004 Edition of the
Australasian Code for Reporting of Mineral Resources and Ore Reserves. Mr Allnutt consents to the inclusion in the report of the matters in
the form and context in which it appears.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tianshan Goldfields Limited
Level 22, Allendale Square
77 St Georges Terrace
Perth WA 6000
Telephone: +61 8 9221 7729
Fax: +61 8 9221 7866
Keith Liddell - Chairman
Jason Bontempo - Chief Financial Officer
WH Ireland Limited
11 St James's Square
Manchester
M2 6WH
United Kingdom
Telephone: +44 161 832 2174
David Youngman
Katy Mitchell
About Tianshan Goldfields
Tianshan Goldfields Limited is an international gold company focused on developing its 90%-owned Gold Mountain Project in North West
China.
With Measured, Indicated and Inferred Resources currently totaling over 2.6 million ounces, Gold Mountain has the potential to underpin
a low-cost, open pit heap leach gold operation generating strong returns for shareholders.
Tianshan is targeting commencement of a Full Feasibility Study by the first quarter of 2009 with mining scheduled to commence in early
2010. The Company has an initial production target at Gold Mountain of 80-100,000 ounces per annum.
Tianshan Goldfields, which is listed on the Australian Securities Exchange (ASX) and headquartered in Perth, Western Australia, is led
by an accomplished Board and Management team with a strong depth of project development history.
Hole UTM_E UTM_N Azimuth UTM Dip Total Depth (m) From To Interval Grade
(m) (m) (�) (�) (m) (m) (m) (g/t Au)
Exploration Drilling
DD08JX153 542177 4907941 270 -80 144.78 117 144.78 27.78 0.95
incl. 117 140 23 1.09
DD08JX154 542175 4907990 270 -75 338.33 95 97 2 0.61
137 152 15 0.91
DD08JX155 542140 4907664 270 -80 213.36 196 206 10 0.62
DD08JX156 542180 4907940 270 -80 309.37 Awaiting
DD08JX157 542250 4907840 270 -60 240.79 209 219 10 2.62
incl. 211 218 7 3.58
DD08JX158 542340 4907665 270 -80 240.79 Awaiting
DD08JX159 542305 4907565 90 -60 198.12 Awaiting
DD08JX160 542200 4907890 270 -80 274.32 Awaiting
DD08JX161 541785 4907665 270 -80 285 Awaiting
DD08JX162 542175 4908065 270 -70 301.75 Awaiting
DD08JX163 542088 4908265 90 -50 112.78 Awaiting
DD08JX164 542095 4908240 90 -50 100.58 Awaiting
DD08JX165 542074 4908137 90 -60 158.5 Awaiting
DD08JX166 542140 4908115 90 -50 161.54 Awaiting
DD08JX167 542040 4908190 90 -70 213.36 Awaiting
DD08JX168 541321 4908894 90 -80 In Progress
Total 3293.37
DD08YEL158 541170 4908663 90 -75 In Progress
DD08YEL159 541280 4908775 90 -70 In Progress
Total 0
Partial results only
Geotechnical Pit Slope
Drilling
DD08YEL152 540836 4909190 265 -60 145.3 In Progress
DD08YEL153 541321 4908894 170 -60 135.5 In Progress
Total 280.8
DD08MY055 544559 4908299 105 -60 97.54 Awaiting
DD08MY056 544483 4908323 310 -60 85.34 Awaiting
DD08MY057 544291 4908030 195 -60 85.34 Awaiting
DD08MY058 544362 4908044 135 -60 85.34 Awaiting
Total 353.56
Table 1: Diamond Core Drill Hole Intersections above 0.3g/t Au.
Grid coordinates in WGS84, UTM Zone 44 North
Diamond core drilling (HQ and NQ), triple tube, 95+% core recovery, all holes surveyed
Assays for gold on half core, crushed and pulverised. 50g fire assay, detection limit 0.01g/t Au
YEL = Yelmand, JX = Jinxi, MY= Mayituobi
Maximum 3 metres internal waste 0.5g/t Au, 1m maximum internal waste
Nil = Assays reported no significant values
Awaited = Assays awaited
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLILFSLDTILVIT
Tianshan Goldfields (LSE:TGF)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Tianshan Goldfields (LSE:TGF)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
Tianshan Gold. (London Stock Exchange)의 실시간 뉴스: 최근 기사 0
More Tianshan Goldfields News Articles