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Marifil Mines drills 11.7 m of 17.4 g/t In at San Roque 2007-12-04 10:10 ET - News Release Mr. John Hite reports MARIFIL MINES LTD.: SAN ROQUE DRILL INTERCEPTS 11.7 METERS (M) AT 174.4 GRAMS PER TON (G/T)INDIUM; 3.0 M AT 208 G/T INDIUM; AND 1.0 M AT GREATER THAN 1,500 G/T Marifil Mines Ltd.'s first three drill holes in the second round of drilling (in progress) cut good values of indium (see "San Roque drill results" table) in a large, open-ended breccia zone around the Del Indio vein on the company's 100-per-cent-owned San Roque, Argentina, property. This breccia zone also contains significant amounts of zinc, lead, gold and silver. The impressive indium grades are attracting attention from several of the world's largest indium producers to visit the property. The company is entertaining proposals for a joint exploration and exploitation of its unusual find. Richard Walters, Marifil's executive vice-president, remarks: "This is turning into a large and exciting metal deposit which is open to expansion through step-out drilling. I am particularly encouraged by the presence of such a large sulphide system that permeates the basement schist as well as the overlying volcanics. I strongly suspect there is a big underlying porphyry heat engine driving it." The Del Indio vein (see news in Stockwatch on Nov. 9, 2006, and Feb. 15, 2007) has been renamed the Del Indio breccia because it is one of a number of subparallel indium-bearing structures within a breccia zone. Drill penetrations have now increased the size of this breccia to approximately 600 metres long by 300 metres wide. It is elongated northeast and open ended to the southwest, southeast, northeast and at depth. While higher indium values are associated with structural zones and gold-bearing quartz veins, all of the intervening rocks are mineralized with stockwork lead-zinc veins and veinlets as well as disseminated zinc. The gold-enriched Del Indio vein roughly marks the northwestern side of the deposit. Marifil Mines plans to drill another 1,000 metres during the current campaign and then begin a larger more aggressive drill program during the first quarter of 2008. The company has completed a ground gravity survey to help determine if the base metal mineralization is part of an overlying or margin shell to a porphyry copper or porphyry molybdenum system. Analysis of this data is in progress. SAN ROQUE DRILL RESULTS From To Length Int. Indium DDH m m m m g/t 49.00 49.50 0.50 0.50 80.58 65.50 66.00 0.50 0.50 26.05 88.60 89.20 0.60 0.60 138.45 DDH29 115.70 116.60 0.90 0.90 12.53 122.20 124.70 1.00 2.50 44.12 130.80 131.60 0.80 0.80 166.79 7.50 8.40 0.90 0.90 10.37 10.10 14.00 1.00 3.90 73.13 16.30 17.50 1.20 1.20 31.03 20.00 29.40 0.90 9.40 52.68 DDH30 32.30 36.90 1.30 4.60 63.08 38.00 44.60 1.00 6.60 49.82 46.40 51.70 1.00 5.30 54.27 60.00 61.00 1.00 1.00 32.97 63.50 66.80 0.50 3.30 97.50 82.70 83.40 0.70 0.70 590.64 97.00 98.00 1.00 1.00 36.33 104.00 107.00 1.00 3.00 208.00 117.00 120.00 1.00 3.00 140.69 129.60 130.6 1.00 1.00 +1500 DDH31 153.40 154.50 1.10 1.10 162.72 191.00 192.20 1.20 1.20 58.26 198.50 199.50 1.00 1.00 26.56 202.40 203.40 1.00 1.00 26.60 238.60 239.20 0.60 0.60 76.33 240.80 252.50 0.60 11.70 174.38 |
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| aus der Diskussion: | Marifil Mines startet durch |
| Autor (Datum des Eintrages): | grasgruener (06.12.07 13:03:18) |
| Beitrag: | 19 von 33 (ID:32682524) |
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