In Kürze werden wieder neue Hammernews von den chinesischen Goldfeldern erwartet!!
Die erste ist bereits da! East Delta baut seine Positionen in China Schritt für Schritt weiter aus.
Hier die letzte Erfolgsmeldung aus dem Januar:
East Delta Reports on Mineral Resources at Its Latest Gold Property in China
1/5/06
MONTREAL, Jan 4, 2006 (PRIMEZONE via COMTEX) --
East Delta Resources Corp. (OTCBB:EDLT) (Frankfurt:EJK) today released additional information on its mineral resources at Huaqiao (China) as part of its resource-determination now underway at the mine. The Company had recently signed a definitive agreement to acquire 77.5% of this producing gold mine.
East Delta contracted the engineering consulting firm BETA Inc. of Connecticut to conduct a review of the mineral resources and reserves of the Huaqiao Project located in Guizhou province, China. The report serves as a formal statement of resources and reserves estimated by EDLT for its Huaqiao Property and meets U.S. reporting requirements. It was prepared by a Qualified Person as defined by the Canadian National Instrument 43-101 and the companion policy 43-101CP. The definitions of the measured, indicated and inferred resources, as used by EDLT, conform to the CIM Standard Definitions.
The following are important extracts from this report.
The mine is located in Guizhou Province of China, an area that is well known to host both turbidite and Carlin-style gold deposits. The Huaqiao mine area (also known as the Tong Gu gold district) lies within an area of regionally folded Precambrian turbidite sequences. This portion of the Guizhou Province hosts at least four major gold deposits (Huaqiao, Kentou, Pingqui, and Jingjing).
There are seven gold-bearing quartz vein zones known in the Huaqiao area -- specified as M1, M2, M3, M4, M5, M6 and Fx. They occur in different strata and have different type and characteristics of mineralization. A great deal of geological exploration has been performed by local Team 103, including 1/10000, 1/5000 and 1/2000 geological mapping, 16 exploration sections and 42 drill holes totaling 11,915m and 2,977 samples. BETA has reported the tonnes and grade as originally stated, with no correction factors applied, despite extensive operating experience showing significant understatement of initial estimates.
The following tables summarize gold resources for only the M6 vein.
Table 1-1 INDICATED MINERAL RESOURCES --------------------------------------------------------------- M6 Vein Ore Tonnes Gold Grade g/t Tonnes Ounces -------------- ---------- -------------- ------ ------ Total Combined 383,812 2.37 908.18 29,202
Inferred resources have been calculated by local geologists, based on assumed continuity and persistence of mineralization within reasonable constraints. BETA did not receive detailed information for review, and as such reports inferred resources without validation.
Table 1-2 INFERRED MINERAL RESOURCES ---------------------------------------------------------------- All veins Ore Tonnes Gold Grade g/t Tonnes Ounces -------------- ---------- -------------- ------ ------- Total INFERRED 1,325,000 7.0 9,275 298,200
Mineral Reserve Estimate
BETA concluded that the gold ore estimates performed by the No.103 geologic team met the requirements for classification as probable minable reserves. BETA notes that the quantity and grade of ore mined since the No. 103 team`s study was completed has exceeded original estimates by large multiples both in tonnage and grade. Production cost experienced at the mine is very low, allowing a low cutoff grade.
Table 1-3 PROBABLE MINABLE RESERVES ------------------------------------------------------------ M6 Vein Ore Tonnes Gold Grade g/t Tonnes Ounces ------- ---------- -------------- ------ ------ Total 383,812 2.37 908.18 29,202
Victor Sun, President of East Delta, commenting on the report, stated, " We are extremely pleased that the data is indicating resources beyond our original expectations. While, the above report focused on the M6 vein, we also anticipate a lot more positive results to come from the other 6 veins. Considering that, to acquire the whole project, we are paying only $150,000 and a promise to invest another $500,000 and all for a mine having potential resources of well over 300,000 ounces of gold. Production costs are known to be relatively low, ranging from $175 to $225 per ounce on the several hundred thousand ounces of gold already mined at Huaqiao to date."
The agreement to acquire Huaqiao, between East Delta`s wholly owned Chinese subsidiary Guiyang High Tech Meiya Investment, Ltd. and Huaqiao Gold Mines gives EDLT 77.5% ownership of this mine and while the closing of the acquisition only awaits receipt of SEC-qualified audits and financial statements, East Delta is proceeding with a work plan to complete underground geologic mapping, systematic sampling, followed by confirmation drilling to determine the extent and persistence of the mineralization. A 100+ tonne/day mill is on site, with both gravity separation shaker-tables and flotation cells installed. East Delta has temporarily closed the mine to modernize and upgrade its facilities. The mine is expected to re-open in early spring 2006.
The Company
East Delta Resources Corp. is a publicly traded Delaware corporation, headquartered in Montreal, Quebec whose business objective is to profit from the recent strong worldwide revival of interest in precious metals. EDLT`s primary activity is in mine development and production of gold. EDLT also participates in other mineral exploration and mining, specifically, silver, nickel, zinc and lead. The geographic focus of the Company currently is mostly China.
With over US$1.5 million in the bank, majority interest in several highly-prospective properties, experienced personnel, and an extensive network of contacts in China, the Company believes it has made a solid start on implementing its business plans and objectives.
Safe Harbor
Certain statements contained herein are " forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: East Delta Resources Corp
East Delta Resources Corp. David Amsel (514) 487-8468 deam@sympatico.ca www.eastdelta.ca
LG SLAYPOWER
