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Und... http://www.terranemetals.com/s/NewsReleases.asp?ReportID=282… "News Releases January 22, 2008 Terrane Reports Drill Results From New Zone At Berg 356.6 Metres Of 0.29% Cu, 0.057% Mo, 24.5 G/T Ag Vancouver, British Columbia: Robert Pease, President and CEO of Terrane Metals Corp. ("Terrane" or the "Company") (TRX: TSX-V) is pleased to report assay results for the remaining five drill holes of the 29 hole - 11,289 metre work program at the Company's 100%-owned Berg Project. Three of the reported holes were drilled along the western flank of the monzonite stock some 400 metres west of previously reported results from the Northeast Zone. Each of the three widely-spaced 'West Zone' drill holes intersected molybdenum-rich mineralization within a longer interval of lower grade porphyry-style copper-molybdenum-silver mineralization. In addition, one of the holes returned average silver grades well above those in previously reported results. "We are very excited with our first step-out drill hole results from the West Zone" stated Rob Pease, President and CEO of Terrane Metals Corp. "With long and continuously mineralized intercepts not unlike those at the Northeast and South Zones, this new zone offers an excellent opportunity to expand the Berg deposit." Drill holes reported in this release were inclined at -65° and drilled in a variety of directions. A drill hole plan, representative cross-sections and more detailed assay results can be viewed at the Company's website (www.terranemetals.com). Click here to view Berg Cross Sections and Plan Map Wardrop Engineering Inc. has been contracted to deliver a grade block model and NI 43-101 compliant resource estimate for the Berg Project in Q1 2008. Planning is now underway for the 2008 field program. WEST ZONE Three drill holes totaling 1,170 metres tested a 300 metre strike-length of the western contact of the monzonite stock. Previous operators had mapped the surface expression of the West Zone for some 600 metres along-strike and tested it with ten widely-spaced drill holes, six of which were vertical. The historic drill holes failed to adequately sample the sub-vertical monzonite-andesite contact area which is the focal point for mineralization in the Northeast and South Zones. Drill Holes 162, 164 and 166 drilled across the monzonite-andesite contact and intersected a molybdenum-rich core zone flanked by lower grade porphyry-style mineralization. Reported results are listed in Table I. Reported results for the molybdenum-rich core zone are listed in Table II. TABLE I BERG WEST AND SOUTH ZONES REPORTED ASSAY RESULTS Drill Hole (BRG07-) Interval (m) Cu (%) Mo (%) Ag (g/t) CuEQ* (%) Zone 162 356.6 0.29 0.057 24.5 0.98 West including 155.5 0.31 0.076 26.2 1.20 164 139.6 0.26 0.045 2.9 0.70 West 166 120.2 0.32 0.039 7.6 0.73 West 163 280.5 0.19 0.043 3.8 0.62 South including 137.2 0.28 0.021 6.3 0.52 including 143.3 0.11 0.064 1.4 0.72 165 494.1 0.25 0.044 3.5 0.68 South including 103.7 0.23 0.071 3.7 0.92 *The copper equivalent (CuEQ%) calculation uses metal prices of US$1.50/lb copper, US$14/lb molybdenum, and US$7/oz silver and is based on in-situ metal content. Each of the three West Zone drill holes intersected long intervals of porphyry-style copper-molybdenum-silver mineralization over a vertical interval of 250 metres. The West Zone remains open along-strike and at depth. Further drilling will be carried-out in 2008. Northern-most Drill Hole 162 returned 356.6 metres of 0.29% Cu, 0.057% Mo and 24.5 g/t Ag. Elevated silver values, relative to those seen at the Northeast and South Zones, were evident throughout the reported interval. The molybdenum-rich core zone assayed 0.100% Mo and 0.20% Cu over 63.7 metres. Drill Hole 164 intersected the contact 300 metres south and 200 metres vertically below Drill Hole 162 pierce point and assayed 0.26% Cu, 0.046% Mo and 2.9 g/t Ag over 139.6 metres. Two molybdenum-rich core zones assayed 0.084% Mo and 0.25% Cu over 30.5 metres and 0.088% Mo and 0.08% Cu over 26.5 metres, respectively. TABLE II BERG WEST ZONE MOLYBDENUM-RICH ZONE REPORTED ASSAY RESULTS Drill Hole (BRG07-) Interval (m) Mo (%) Cu (%) 162 109.8 0.085 0.32 including 63.7 0.100 0.20 164 30.5 0.084 0.25 and 26.5 0.088 0.08 166 10.2 0.082 0.31 Drill Hole 166 intersected the contact 160 metres south and 100 metres vertically below Drill Hole 162 pierce point and returned 0.32% Cu, 0.039% Mo and 7.6 g/t Ag over 120.2 metres with only a narrow molybdenum-rich interval. SOUTH ZONE Assay results have been received for all ten drill holes completed in 2007 at the South Zone. Newly reported results for Drill Holes 163 and 165 are summarized in Table I above. The South Zone has been outlined for 850 metres along-strike and over 500 vertical metres. It remains open along strike and at depth. Horizontal widths range from 150 to 250 metres. Drill Hole 163 extended the zone vertically by 120 metres while Drill Hole 165 extended the zone 150 metres west and 200 metres vertically below the limits of historic drilling. A molybdenum-rich core zone contained within the broader zone of porphyry-style mineralization was intersected in all seven holes drilled across the South Zone monzonite-andesite contact. Summary assay results for the molybdenum-rich core zone are listed in Table III. This steeply-inclined core zone has a horizontal width ranging from 50 to 120 metres. It has been delineated for 600 metres along-strike and over a vertical distance of 500 metres and remains open to extension. TABLE III BERG SOUTH ZONE MOLYBDENUM RICH ZONE ASSAY SUMMARY Drill Hole (BRG07-) Interval (m) Mo (%) Cu (%) 138* 139.3 0.055 0.38 including 21.3 0.081 0.34 142* 82.3 0.032 0.55 143* 158.5 0.050 0.29 including 33.6 0.067 0.26 144* 64.0 0.060 0.26 including 24.4 0.097 0.23 145* 283.4 0.054 0.29 including 33.5 0.085 0.32 163 143.3 0.064 0.11 including 24.4 0.107 0.10 165 223.8 0.061 0.23 including 103.7 0.071 0.23 *Holes 138, 142, 143, 144 and 145 previously released. See Press Release dated November 27, 2007 Both of the reported drill holes returned long intercepts of continuous porphyry-style copper-molybdenum-silver mineralization across the monzonite-andesite contact. Drill Hole 165 returned 494.1 metres of 0.25% Cu, 0.044% Mo and 3.5 g/t Ag. The molybdenum-rich zone assayed 0.061% Mo and 0.23% Cu over 223.8 metres -- Table III. Drill Hole 163 returned 280.5 metres of 0.19% Cu, 0.043% Mo and 3.8 g/t Ag. The molybdenum-rich zone assayed 0.064% Mo and 0.11% Cu over 143.3 metres. QA/QC The Berg drilling program and associated sampling and quality control protocols were directed and supervised by Stewart Harris, P. Geo. of Equity Engineering, who is a Qualified Person as defined under National Instrument 43-101. ALS Chemex, an ISO 9001:2000 accredited laboratory in North Vancouver, BC performs sample preparation and assaying for the Berg Project. Copper, molybdenum and silver assays utilize aqua regia sample decomposition with analysis by atomic absorption spectrometry. Non-sulphide copper is determined by sample decomposition in a 5% sulphuric acid leach and copper content measured by atomic absorption spectrometry. In addition to an internal laboratory quality control program, Terrane maintains a quality assurance and quality control program through the systematic use of standards, blanks and duplicates. ABOUT TERRANE METALS CORP. Terrane Metals Corp. is an exploration and mine development company focused on the development of the Mt. Milligan copper-gold and Berg copper-molybdenum-silver projects in British Columbia, Canada. Goldcorp Inc. (GG: NYSE; G: TSX) owns a 58% equity interest in Terrane on a fully diluted basis. TERRANE METALS CORP. Signed "Robert Pease" Robert Pease, P.Geo, FGAC President and CEO For Further information contact: Ryan King, Investor Relations (604) 681-9930 Phone http://www.terranemetals.com" |
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| aus der Diskussion: | Terrane Metals. "production of 221,530 ounces gold +90 million p. copper/ year expected." |
| Autor (Datum des Eintrages): | Popeye82 (27.01.08 14:57:01) |
| Beitrag: | 9 von 40 (ID:33184016) |
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