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- Lynda Bloom, President and CEO of Halo Resources Ltd. (TSX VENTURE:HLO)(FRANKFURT:HRL) is pleased to announce results of metallurgical testing for Cold and Lost copper-zinc mineralization from the Sherridon VMS Property, Manitoba. The Cold Lake master composite sample assayed 1.27% copper and 3.42% zinc and the Lost Lake master composite sample assayed 1.22% copper and 4.48% zinc. The composite samples were derived from all of the mineralized zones intersected in drill holes and these grades are considered typical of the material that would be milled, with the remainder of the stripped material assigned as waste or delivered to a low grade stockpile. Kevin Scott, Principal Metallurgist with Scott Wilson Roscoe Postle Associates reports "The results of this initial test program are quite positive. Based on the two composite samples tested it is expected that Cold Lake and Lost Lake potential ore could be processed in a conventional flotation concentrator to produce saleable concentrates at similar recoveries to that of typical existing operations." Copper and zinc recoveries in batch cleaner flotation test work for both composites were in the range of 85 to 88%. Copper grades of 26.5% to 28% copper in the concentrate were achieved and zinc concentrate grades of 25% and 31% zinc were achieved. It is expected that a typical zinc concentrate grade will improve to over 50% zinc once the flow sheet is optimized for regrinding and reagents. At a nominal primary grind of approximately 80% passing 95 microns, the percentage of liberated chalcopyrite and sphalerite grains were reasonably good. On average chalcopyrite was 65% liberated and sphalerite was 72% liberated at this grind size. This liberation is very good for the efficient recovery of rougher concentrates of copper and zinc. The cleaner tests utilized three stages of cleaning following a regrind of the rougher concentrates, to 80% passing 50 microns for the copper concentrate and 80% passing 65 microns for the zinc concentrate. Gold and silver have not been assayed for in this initial program but will be assayed for in future test work as they are likely to represent a considerable source of revenue. Additional test work is planned and will be undertaken at a later date. Metallurgical test work was done by G&T Metallurgical Services Ltd., Kamloops, B.C. under the supervision of Kevin Scott, P. Eng., Scott Wilson Roscoe Postle Associates on behalf of Halo Resources Ltd. The above information has been prepared under the supervision of Lynda Bloom (P.Geo.), who is designated as a "Qualified Person" with the ability and authority to verify the authenticity and validity of the data. About Halo Resources Ltd. Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. The Company's focus is the 200 sq. km. Sherridon VMS Property, a combination of mature and grassroots volcanogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities. A 2008 NI43-101 compliant copper-zinc resource, for four of the known deposits in the district, was completed in less than 18 months, with exploration activity ongoing. The Company has a joint venture interest in the Duport Property, an advanced gold property near Kenora, Ontario and is the operator for several contiguous joint venture properties in West Red Lake covering 45 sq. km. The Company is operated by an experienced management team with a growth strategy to develop a diversified portfolio of advanced mining projects. Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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| aus der Diskussion: | HALO RESOURCES LTD (GOLD / KUPFER / ZINK) Info Thread |
| Autor (Datum des Eintrages): | Robert023 (10.02.09 16:59:26) |
| Beitrag: | 555 von 2,007 (ID:36550731) |
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