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Guten Morgen! anbei News zum 2011 Drilling Program: Link: http://www.baystreet.ca/users/newswire/viewarticle.aspx?id=3… Duran Ventures Reports Positive Initial Results of 2011 Aguila Drill Program: Highlights include 480 metres of 0.69% Copper (“Cu”) with... 06/06/2011 [ACCESSWIRE] TORONTO, CANADA - June 6, 2011 - Duran Ventures Inc. (TSX-V: DRV) ("Duran" or the "Company") is pleased to announce complete results from the first two drill holes, and partial results from the third drill hole in the 2011 diamond drill program on the Company's 100% owned Aguila Porphyry Copper-Molybdenum Project in Peru. Drilling at Aguila commenced on April 19th, 2011. A minimum 15,000 metres of diamond drilling is planned for the 2011 drill program, to be followed by an initial resource estimate. SRK Consulting has been retained for the resource estimate, which will be based on all drilling conducted to that point at Aguila. The three holes were all drilled on section 10000 N. A summary of significant intersections follows. ------------------------------------------------------------------ |HOLE ID |FROM (m)|TO |INT |Cu |Mo |CuEq | | | | (m) | (m) | (%) | (%) | (%) | |----------------------------------------------------------------| |11AGD018 |0.0 |564.5 |564.5 |0.61 |0.029 |0.81 | |----------------------------------------------------------------| |including|0.0 |480.8 |480.8 |0.69 |0.031 |0.93 | |----------------------------------------------------------------| | |480.8 |564.5 |83.7 |0.20 |0.023 |0.36 | |----------------------------------------------------------------| | | | | | | | | |----------------------------------------------------------------| |11AGD019 |0.4 |496.0 |495.6 |0.31 |0.027 |0.50 | |----------------------------------------------------------------| |including|0.4 |284.0 |283.6 |0.22 |0.031 |0.43 | |----------------------------------------------------------------| |including|284.0 |496.0 |212.0 |0.44 |0.022 |0.58 | |----------------------------------------------------------------| | | | | | | | | |----------------------------------------------------------------| |11AGD020 |0.0 |561.6 |561.6 |0.44 |0.033 |0.67 | |----------------------------------------------------------------| |including|0.0 |333.9 |333.9 |0.60 |0.035 |0.85 | |----------------------------------------------------------------| | |333.9 |561.60|227.70 |0.22 |0.032 |0.43 | ------------------------------------------------------------------ * Total Cu equivalent is the sum of the Cu% plus 6.756 times the Mo% based on an assumed 6.756:1 economic ratio of Mo to Cu selling prices (i.e. US$1.50 Cu to US$12.50 Mo). Metallurgical recoveries and net smelter returns are assumed to be 100%. These equivalence grades should not be interpreted as actual grades since the conversion ratio varies with the volatile prices of copper and molybdenum and the economic recovery of copper and molybdenum can very significantly in actual extraction and processing. The Company feels this is a reasonable long term ratio to use for this purpose. Diamond drill hole 11AGD018 was drilled at the western edge of the Aguila open pit at an azimuth of 70 degrees and an inclination of -75 degrees to a final depth of 718.1 metres (please refer to attached section). The assays from the initial 480.8 metres from surface returned 0.69% Cu and 0.031% Mo, for a Cu equivalent value of 0.93%. Diamond drill hole 11AGD019 was drilled on the eastern edge of the Aguila open pit at an azimuth of 70 degrees and an inclination of -70 degrees to a final depth of 673.5 metres. The assays for the initial 495.6 metres averaged 0.31% Cu and 0.027% Mo, or 0.50% Cu equivalent. Diamond drill hole 11AGD020 is located between holes 11AGD018 and 11AGD019 on section 10000N, and was drilled at an azimuth of 70 degrees and an inclination of -70 degrees to a final depth of 640.0 metres. The initial 333.9 metres intersected the main Aguila porphyry from surface returned an average of 0.60% Cu and 0.035% Mo, for a Cu equivalent value of 0.85%. Assays are pending on the final 82 metres of this hole. The Company caps or limits high copper values at a 3% maximum value, as higher grades above this limit are not considered representative of the copper porphyry copper mineralization at Aguila. In hole 11AGD020, one higher grade copper value of 17.4% over 0.6 metres (sample #9722) was capped at 3% The Company views these initial results as very encouraging. It is important to note that holes AGD 19 and 20 intersected at depth the Eastern Porphyry. The Company is encouraged by the strength of the Cu-Mo mineralization in both the Main and East Porphyries as well as the sedimentary package between the porphyries. Drilling is currently underway on three drill holes on section 11000 N located 100 metres to the north of holes 11AGD018 to 020. Diamond drill core is cut in half with a diamond saw, and one half of the core is sent to the analytical laboratory. All core samples are prepared and analyzed at ALS Chemex in Lima (a certified laboratory) using a four-acid digestion and atomic absorption method for copper and molybdenum, as well as a multi-element ICP analysis. Analysis for gold is done by a fire assay and atomic absorption finish on ten percent of drill core samples. The company has a QA/QC protocol in place which includes the use of certified standards, blanks, and duplicate samples, as well as secure care and custody of samples. Duran Ventures is a Canadian exploration company focused on the exploration and development of porphyry copper, precious metal, and polymetallic deposits in Peru. The Company's principal project is the Aguila Copper-Molybdenum Porphyry Project with related silver-lead-zinc mineralization. Cary Pothorin, P. Geo., a qualified person as defined in National Policy 43-101, is responsible for all technical information contained in this news release. Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture Exchange: Symbol "DRV" For additional information, contact: Jeffrey Reeder Tel: (647)302-3290 or Cary Pothorin (250) 816-1940 Website: www.duranventuresinc.com Email: info@duranventuresinc.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are disclosed in the Corporation's documents filed from time to time with the TSX Venture Exchange and, among others, the Ontario Securities Commission as well as under the heading "Risk Factors" in the Company's annual and interim Management Discussion and Analysis. To View Map Image, please Duran Ventures Inc. 40 University Avenue, Suite 710, Toronto, ON, M5J 1T1 Canada Phone: 416 867-1591 Fax: 416 479-4371 Email: info@duranventuresinc.com Phone: 416 867-1591 Fax: 416 479-4371 Email: info@duranventuresinc.com Web: www.duranventuresinc.com copy and paste URL below into new browser: http://thenewswire.ca/client_files/2011-06-06-0.jpg Gruß reini81 |
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| aus der Diskussion: | Duran Ventures Inc.- Kanadischer Explorer in Peru |
| Autor (Datum des Eintrages): | reini81 (07.06.11 07:45:54) |
| Beitrag: | 72 von 103 (ID:41611113) |
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