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Atlas Minerals drills hole No. 14 at Tres Chorreras
2008-02-11 18:25 ET - News Release
Mr. Barry Herring reports
ATLAS PROVIDES EXPLORATION UPDATE AT THREE TARGETS AT TRES CHORRERAS
Atlas Minerals Inc.'s diamond drilling is advancing well on the Tres Chorreras project and the company is currently drilling the 14th hole. All drill holes have intersected visible copper and molybdenum mineralization. Significantly, the ninth drill hole, 08-24, the deepest hole drilled to date, encountered generally, visible Cu-Mo mineralization interspersed with scattered sulphide-rich intervals ranging between one metre and 20 m wide, from approximately 220 m to 535 m depth. The drill hole ended at 624.95 m while still in visible Cu-Mo mineralization. Previous to the first drill program conducted in 1994, mineralization had been noted at the Breccia project (3C) to 200 metres depth (300-metre vertical range). The vertical extent of visible mineralization appears to have been significantly increased. Core photo pictures can be reviewed at the company's website. Assay results for the first four drill holes will be released shortly.
The company's multifaceted exploration program is continuing at three prospective targets on its premier Tres Chorerras property, and the company believes it is making significant progress toward developing an inferred resource. The three key targets at Tres Chorerras are the Breccia (3C), the Epithermal and the Porphyry.
The Breccia (3C)
The Breccia (3C deposit) is a first priority target for high-grade copper, molybdenum, and lesser gold and silver. This target is located in the northwest part of the Tres Chorreras concession and lies along the northeast edge of a diatreme breccia pipe 600 metres in diameter. This diatreme breccia is apparently younger than the 3C mineralized hydrothermal breccia previously identified, and partially cuts the Breccia (3C) deposit off to the south but the Breccia (3C) deposit still appears to be open to the southwest. The Breccia (3C) deposit appears to also wrap around this diatreme breccia. From initial exploration review, the project appears prospective for multiple breccia deposits.
What the company knew prior to the current drill program is that mineralization at the Breccia (3C) deposit has been traced from over a vertical extent of 300 metres down dip and 300 metres along strike. The company also knows that mineralization is locally greater than 50 metres thick and the mineralized zone remains open along strike in both directions and down dip. The mineralization also occurs as locally massive in pockets or "chimneys," with disseminated mineralization throughout the zones.
Exploration to date, the company has defined so far from its phase 1 drill program significant potential for multiple breccias and that visible mineralization of these breccias has been extended at depth.
The company is currently drilling 08-29, the 14th hole of a 30-hole phase I drill program. Drill holes 07-16 to 08-23 and 08-25 to 08-28 were drilled as infill holes and to define the northern and western boundaries of the Breccia (3C) deposit. These first 15 to 20 drill holes are targeting the Breccia (3C) deposit both to confirm results of previous drilling and define limits along strike, as well as to test depth extension. All drill holes encountered Cu-Mo mineralization throughout and were successful in partly defining the limits primarily to the west. Assay results are pending which will determine the significance of what has visibly been encountered to date.
The ninth drill hole, 08-24, was the first of several planned to target a large porphyry target at depth which the company believes theoretically responsible for the multiple mineralized systems tested to date at the Tres Chorreras property. The intrusive porphyry was not encountered; however, porphyry-style mineralization in the form of breccias, surrounded by fracture-controlled mineralization is present throughout the drill hole. These breccias appear visibly to be more extensive than what was first considered.
As currently planned, drill holes No. 08-37 and No. 08-38 (26th and 27th drill holes of phase I drill program) will follow up this mineralization to depths of 400 to 500 metres below surface.
Other exploration at the Breccia (3C) project has recently revealed significant concentrations of rhenium, a rare element of exceptionally high value in the range of $6 per gram ($6,000/kilogram). This was previously reported in Stockwatch on Jan. 15, 2008. Rhenium results from selected panel samples were reported in the 2.5-gram-per-tonne (g/t) range, surpassing analytical overlimits. Further studies to determine real values for the anomalous samples and to determine rhenium distribution at the Breccia (3C) project are under way, with results to follow shortly.
The Epithermal
The Epithermal zone, not as yet fully defined, lies immediately to the southeast of 3C deposit, where anomalous and locally potentially economic values of gold and silver occur over an area approximately 150 m to 300 m by 400 m in aerial extent.
At present there exist three prospects at the Epithermal zone: Agglomerate, Cuy and Arsenic prospect; Pucara prospect; and Galena prospect. The three prospects are parallel and separated by distances of 130 m to 200 m. They are also open to depth and open to the south and southeast. All three prospects occur where quartz veining is abundant.
The company recently received and has compiled results of sampling on 12 surface trenches and artisan underground workings, mostly from the Cuy-Agglomerate subzone and which were presented in Stockwatch news on Jan. 30, 2008. In sum, significant grades (plus-1.3 grams per tonne Au) over widths of up to 48 metres with relatively high grades (up to 22 g/t Au over 15 metres estimated true width) were encountered. This one subzone has been partly defined to date over a distance approximately 200 metres along strike, 10 to 48 metres in width, and a vertical distance of 185 metres.
Testing of the epithermal zone, in conjunction with testing the Breccia (3C) deposit at depth will begin with about the 20th drill hole. This project is considered highly prospective.
The Porphyry
The association of hydrothermal breccias and epithermal mineralization with porphyry-style mineralization has been well documented in geologic literature. This suggests a third potential target at Tres Chorreras -- a large tonnage porphyry-style copper molybdenum deposit at depth.
As mentioned above, the fracture controlled mineralization, although occurring generally on dry fractures (without quartz), can be described as typical of porphyry-style mineralization. Similar mineralization was encountered in the northern part of the Epithermal zone.
Currently, the drill program at the Breccia (3C) project is targeting the deep extension of the breccias while at the same time testing the company's belief that a porphyry intrusion with surrounding and accompanying porphyry-style mineralization exists at depth.
Regional exploration
The company's interests at Tres Chorreras covers a total of 43,860 hectares (439 square kilometres) of unexplored terrain which will be the focus of regional exploration and evaluation once permitting is received. The land position is located near to that of several companies where work is establishing significant mineral resources; for example International Minerals at Ponce Enriquez, 24 kilometres to the northwest (porphyry Au-Cu: 165.9 million tonnes at 0.73 g/t Au) and Rio Blanco, 41 km to the north-northeast (high-sulphidation epithermal Au-Ag: 2.0 Mt at 8.8 g/t Au, 6.7 g/t Ag); Ascendant Copper at Chaucha, 29 km to the north-northeast (porphyry Cu-Mo: 216 million tonnes plus-0.2 per cent Cu, plus-0.01 per cent Mo); and Iamgold at Quimsacocha, 39 km to the northeast (high-sulphidation epithermal Au-Cu: 33 million tonnes at 3.2 g/t Au). The company believes the land position highly prospective, especially considering the significant targets currently being worked.
Qualified person and quality control/quality assurance
The work program at Tres Chorreras was designed and is supervised by Donald G. Allen, PEng (B.C.), vice-president of exploration and director of Atlas Minerals Inc., who is responsible for all aspects of the work, including the quality control/quality assurance program. Donald G. Allen, PEng (B.C.), is the qualified person under National Instrument 43-101. This news release was also reviewed by Leslie Smith, PGeo (Alberta), consultant to the company and also a qualified person under National Instrument 43-101.
We seek Safe Harbor.
2008-02-11 18:25 ET - News Release
Mr. Barry Herring reports
ATLAS PROVIDES EXPLORATION UPDATE AT THREE TARGETS AT TRES CHORRERAS
Atlas Minerals Inc.'s diamond drilling is advancing well on the Tres Chorreras project and the company is currently drilling the 14th hole. All drill holes have intersected visible copper and molybdenum mineralization. Significantly, the ninth drill hole, 08-24, the deepest hole drilled to date, encountered generally, visible Cu-Mo mineralization interspersed with scattered sulphide-rich intervals ranging between one metre and 20 m wide, from approximately 220 m to 535 m depth. The drill hole ended at 624.95 m while still in visible Cu-Mo mineralization. Previous to the first drill program conducted in 1994, mineralization had been noted at the Breccia project (3C) to 200 metres depth (300-metre vertical range). The vertical extent of visible mineralization appears to have been significantly increased. Core photo pictures can be reviewed at the company's website. Assay results for the first four drill holes will be released shortly.
The company's multifaceted exploration program is continuing at three prospective targets on its premier Tres Chorerras property, and the company believes it is making significant progress toward developing an inferred resource. The three key targets at Tres Chorerras are the Breccia (3C), the Epithermal and the Porphyry.
The Breccia (3C)
The Breccia (3C deposit) is a first priority target for high-grade copper, molybdenum, and lesser gold and silver. This target is located in the northwest part of the Tres Chorreras concession and lies along the northeast edge of a diatreme breccia pipe 600 metres in diameter. This diatreme breccia is apparently younger than the 3C mineralized hydrothermal breccia previously identified, and partially cuts the Breccia (3C) deposit off to the south but the Breccia (3C) deposit still appears to be open to the southwest. The Breccia (3C) deposit appears to also wrap around this diatreme breccia. From initial exploration review, the project appears prospective for multiple breccia deposits.
What the company knew prior to the current drill program is that mineralization at the Breccia (3C) deposit has been traced from over a vertical extent of 300 metres down dip and 300 metres along strike. The company also knows that mineralization is locally greater than 50 metres thick and the mineralized zone remains open along strike in both directions and down dip. The mineralization also occurs as locally massive in pockets or "chimneys," with disseminated mineralization throughout the zones.
Exploration to date, the company has defined so far from its phase 1 drill program significant potential for multiple breccias and that visible mineralization of these breccias has been extended at depth.
The company is currently drilling 08-29, the 14th hole of a 30-hole phase I drill program. Drill holes 07-16 to 08-23 and 08-25 to 08-28 were drilled as infill holes and to define the northern and western boundaries of the Breccia (3C) deposit. These first 15 to 20 drill holes are targeting the Breccia (3C) deposit both to confirm results of previous drilling and define limits along strike, as well as to test depth extension. All drill holes encountered Cu-Mo mineralization throughout and were successful in partly defining the limits primarily to the west. Assay results are pending which will determine the significance of what has visibly been encountered to date.
The ninth drill hole, 08-24, was the first of several planned to target a large porphyry target at depth which the company believes theoretically responsible for the multiple mineralized systems tested to date at the Tres Chorreras property. The intrusive porphyry was not encountered; however, porphyry-style mineralization in the form of breccias, surrounded by fracture-controlled mineralization is present throughout the drill hole. These breccias appear visibly to be more extensive than what was first considered.
As currently planned, drill holes No. 08-37 and No. 08-38 (26th and 27th drill holes of phase I drill program) will follow up this mineralization to depths of 400 to 500 metres below surface.
Other exploration at the Breccia (3C) project has recently revealed significant concentrations of rhenium, a rare element of exceptionally high value in the range of $6 per gram ($6,000/kilogram). This was previously reported in Stockwatch on Jan. 15, 2008. Rhenium results from selected panel samples were reported in the 2.5-gram-per-tonne (g/t) range, surpassing analytical overlimits. Further studies to determine real values for the anomalous samples and to determine rhenium distribution at the Breccia (3C) project are under way, with results to follow shortly.
The Epithermal
The Epithermal zone, not as yet fully defined, lies immediately to the southeast of 3C deposit, where anomalous and locally potentially economic values of gold and silver occur over an area approximately 150 m to 300 m by 400 m in aerial extent.
At present there exist three prospects at the Epithermal zone: Agglomerate, Cuy and Arsenic prospect; Pucara prospect; and Galena prospect. The three prospects are parallel and separated by distances of 130 m to 200 m. They are also open to depth and open to the south and southeast. All three prospects occur where quartz veining is abundant.
The company recently received and has compiled results of sampling on 12 surface trenches and artisan underground workings, mostly from the Cuy-Agglomerate subzone and which were presented in Stockwatch news on Jan. 30, 2008. In sum, significant grades (plus-1.3 grams per tonne Au) over widths of up to 48 metres with relatively high grades (up to 22 g/t Au over 15 metres estimated true width) were encountered. This one subzone has been partly defined to date over a distance approximately 200 metres along strike, 10 to 48 metres in width, and a vertical distance of 185 metres.
Testing of the epithermal zone, in conjunction with testing the Breccia (3C) deposit at depth will begin with about the 20th drill hole. This project is considered highly prospective.
The Porphyry
The association of hydrothermal breccias and epithermal mineralization with porphyry-style mineralization has been well documented in geologic literature. This suggests a third potential target at Tres Chorreras -- a large tonnage porphyry-style copper molybdenum deposit at depth.
As mentioned above, the fracture controlled mineralization, although occurring generally on dry fractures (without quartz), can be described as typical of porphyry-style mineralization. Similar mineralization was encountered in the northern part of the Epithermal zone.
Currently, the drill program at the Breccia (3C) project is targeting the deep extension of the breccias while at the same time testing the company's belief that a porphyry intrusion with surrounding and accompanying porphyry-style mineralization exists at depth.
Regional exploration
The company's interests at Tres Chorreras covers a total of 43,860 hectares (439 square kilometres) of unexplored terrain which will be the focus of regional exploration and evaluation once permitting is received. The land position is located near to that of several companies where work is establishing significant mineral resources; for example International Minerals at Ponce Enriquez, 24 kilometres to the northwest (porphyry Au-Cu: 165.9 million tonnes at 0.73 g/t Au) and Rio Blanco, 41 km to the north-northeast (high-sulphidation epithermal Au-Ag: 2.0 Mt at 8.8 g/t Au, 6.7 g/t Ag); Ascendant Copper at Chaucha, 29 km to the north-northeast (porphyry Cu-Mo: 216 million tonnes plus-0.2 per cent Cu, plus-0.01 per cent Mo); and Iamgold at Quimsacocha, 39 km to the northeast (high-sulphidation epithermal Au-Cu: 33 million tonnes at 3.2 g/t Au). The company believes the land position highly prospective, especially considering the significant targets currently being worked.
Qualified person and quality control/quality assurance
The work program at Tres Chorreras was designed and is supervised by Donald G. Allen, PEng (B.C.), vice-president of exploration and director of Atlas Minerals Inc., who is responsible for all aspects of the work, including the quality control/quality assurance program. Donald G. Allen, PEng (B.C.), is the qualified person under National Instrument 43-101. This news release was also reviewed by Leslie Smith, PGeo (Alberta), consultant to the company and also a qualified person under National Instrument 43-101.
We seek Safe Harbor.
Der Chart sieht auch klasse aus 
hier past einfach alles zusammen
hier past einfach alles zusammen
Der Chart sieht auch klasse aus hier past einfach alles zusammen
hier past einfach alles zusammen
ATLAS MINERALS INC. REGISTERED SHARES O.·CVE·Frankfurt
Ordertiefe Anzahl Preis Kauf Verkauf Preis Anzahl
5 944 0,33 / 0,39 17 000
Ordertiefe Anzahl Preis Kauf Verkauf Preis Anzahl
5 944 0,33 / 0,39 17 000
SK 0.485 CAD = 0.333€
TH 0.570 CAD = 0.392€
TH 0.570 CAD = 0.392€
Trading Spotlight
hier noch Symbol + WKN
ATLAS MINERALS INC
ISIN: CA0493721058
Symbol D : CVE
Symbol CA: Amr
WKN : A0M8QJ
ATLAS MINERALS INC
ISIN: CA0493721058
Symbol D : CVE
Symbol CA: Amr
WKN : A0M8QJ
Trendwave Uli Pfauntsch Tel. 0900/111 2009
34Cent:Nächste Woche 1Euro!
n-tv Seite 299 http://www.n-tv.de/1180.html
34Cent:Nächste Woche 1Euro!
n-tv Seite 299 http://www.n-tv.de/1180.html
und schon geht es losssssss 
RT 0.39€
ATLAS MINERALS INC. REGISTERED SHARES O.·CVE·Frankfurt
Ordertiefe Anzahl Preis Kauf Verkauf Preis Anzahl
5 944 0,33 0,39 6 356
RT 0.39€
ATLAS MINERALS INC. REGISTERED SHARES O.·CVE·Frankfurt
Ordertiefe Anzahl Preis Kauf Verkauf Preis Anzahl
5 944 0,33 0,39 6 356
ATLAS MINERALS INC (Tier2)·AMR·Canadian Venture Exchange
Ordertiefe Anzahl Preis Kauf Verkauf Preis Anzahl
1 500 0,52 0,52 5 500
ATLAS MINERALS INC. REGISTERED SHARES O.·CVE·Frankfurt
Ordertiefe Anzahl Preis Kauf Verkauf Preis Anzahl
5 944 0,33 0,398 13 000
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