IMA Exploration - Übernahme oder mehr ? - 500 Beiträge pro Seite

[Goldreport]

Ballad Gold intersects bonanza grades at Penascudo

IMA Exploration Inc IMR
Shares issued 32,542,130 Sep 15 close $2.17
Tue 16 Sept 2003 News Release
See (BGS) News Release
Mr. Anthony Beruschi reports
BONANZA GRADE GOLD AND SILVER AT PENASCUDO, ARGENTINA
Ballad Gold & Silver has received significant exploration results from its initial examination of the 9,000-hectare Penascudo gold-silver property located in Chubut province, Patagonia, Argentina, where bonanza grade gold and silver assays have been obtained from the newly named El Rey (the King) zone. Exceptional results and details from the property include: bonanza grade chip samples assaying up to 1,102.99 grams per tonne gold (32.18 ounces per ton) and 704.7 grams per tonne silver (20.56 ounces per
ton) over 0.35 metre;
grab samples assayed as high as 1,098.23 grams per tonne gold (32.04 ounces per ton) and 1,144.5 grams per tonne silver (33.39 ounces per ton); the El Rey gold/silver zone has been mapped for 55 metres along strike and may be contained within a larger 600-metre-long structure; excellent access and infrastructure including nearby power; and many unexplored target areas exist on the property. Edward McCrossan, PGeo, independent qualified person, visited the Penascudo property and sampled the El Rey zone, obtaining exceptionally high-grade gold and silver values from both chip and grab samples, as referred to in his report dated Sept. 12, 2003.

PENASCUDO CHIP AND GRAB SAMPLES
(El Rey zone)

Gold Silver Gold Silver
fire fire fire fire Sam-
assays assays assays assays Width ple
g/T g/T oz/t oz/t (m) No.

23.54 348.9 0.69 10.18 grab 10

35.16 301.2 1.03 8.79 0.35 9

1098.23 1144.5 32.04 33.39 grab 8

1102.99 704.7 32.18 20.56 0.35 7

75.86 509.9 2.21 14.87 0.30 6

52.15 155.5 1.52 4.54 0.30 5

1.67 11.5 0.05 0.34 0.30 4

0.08 4.1 0.002 0.12 0.30 3

The mineral deposit type being modelled for the Penascudo property is a low-sulphidation epithermal gold-silver vein, breccia and stockwork system that contains bonanza grade or high-grade mineralized zones within a lower grade bulk tonnage disseminated deposit. Ballad`s results confirm and expand on prior limited work by IMA Exploration Inc. and Aur Resources Ltd. Preliminary work reports approximately 25 quartz veins or silicified zones containing veins, breccias, veinlets and /or stringers, as well as variably silicified volcanic host rocks having been mapped within a rhyolitic to dacitic flow dome complex on the property. Dimensions vary, but the structures mapped to date can extend 600 metres along strike and attain widths of up to 15 or 20 metres. Historically, these types of flow dome complexes have hosted bonanza grade mineralization and have included some of the large precious metals deposits in South America. Gold and silver mineralization, discovered to date at Penascudo, is hosted within irregular silicified zones, which contain variable amounts of hydrothermal breccias, quartz stockworks, stringers, veinlets and veins. Mineralization is associated with quartz veins, breccias and silicification and is located in an area mostly covered by overburden and vegetation. It is interpreted to be part of a low-sulphidation epithermal deposit that contains bonanza zones of high-grade gold and silver potentially within a lower grade, bulk tonnage deposit. Mr. McCrossan, PGeo, after visiting the property and completing his geological review, considers the discovery potential for new bonanza grade gold and silver zones to be excellent at both the El Rey zone and in other areas of the Penascudo property. Alteration, silicification, brecciation and quartz veins have been mapped throughout the property yet much of the El Rey zone and portions of the 9,000-hectare property are covered by shallow overburden and vegetation. The property has had no systematic geochemical sampling and has not been trenched or drilled in the past. Prior to Ballad`s examination only limited geological mapping and rock sampling were undertaken. Ballad is developing an extensive three-phase exploration program including geological, geochemical and geophysical surveys to investigate known zones and to identify further zones of precious mineral mineralization. In addition to the high-grade El Rey zone, important exploration targets on the property include two areas of hydrothermal breccia and/or quartz stockworks including a 980-metre-long-by-300-metre-wide-zone located on the southern flank of Cerro Penascudo. Andre Pauwels, vice-president of Ballad, comments: "We are very encouraged
by the initial exploration results demonstrating the existence of
exceptionally high-grade gold and silver within the large alteration system evident at Penascudo. Ballad is looking forward to a first exploration campaign of intense rock sampling and trenching aimed at the discovery of other zones with bonanza gold and silver grades and to outline the full extent of the exceptional gold and silver grades at the El Rey zone." The Penascudo gold-silver property is located in the Patagonia region of southern Argentina. This area in recent years has been a focus of major precious metal discoveries including the Cerro Vanguardia gold mine, the Esquel gold deposit, the San Jose silver and gold deposit, and the Navidad high-grade silver discovery by IMA Exploration. The Penascudo property is accessible via an unpaved secondary road passing through the middle of the claim group. A local power line follows the same route. Topography within the claim area is moderate with elevations ranging between 700 and 1,000 metres. Due to the excellent access, existing infrastructure and the reasonable topography, all future exploration and/or development projects would be logistically simple.
Sample collection, sample security, sample transportation, sample
preparation and analysis were all performed in compliance with best practices guidelines for mineral exploration. The samples were taken by Mr.
McCrossan in Argentina, maintained under his care and control and
personally transported by him to Acme Analytical Laboratories Ltd. in Vancouver, Canada. Silver content was determined by fire assay. For gold, Acme conducted two separate fire assays, on the + and -150 mesh fractions, reporting the weighted average of both assays. For quality control blanks and check samples were inserted and repeat assays were done. As an additional check, Ballad also submitted the samples to an ICP-ES analytical method. In addition to gold and silver, analysis was done for a 30-element suite of elements using the ICP-ES method. Ballad exercised its right to option the Penascudo gold and silver property from IMA Exploration on Aug. 12, 2003. Ballad can earn up to an 70-per-cent interest in the property from IMA Exploration, subject to a 1.5-per-cent net smelter return royalty in favour of IMA Exploration by completing $1.8-million (U.S.) in exploration and issuing a total of one million Ballad shares, paying $300,000 (U.S.) in year five and can earn a further 15 per cent for a total interest of 85 per cent by financing a feasibility study. Ballad`s exploration team is led by Mr. Pauwels, PGeo, formerly exploration manager with Cominco Ltd., specializing in property evaluation and the acquisition of base metal and precious metal projects worldwide emphasizing South America.

Nach meiner persönlichen Meinung, ist die MELDUNG der HAMMER, denn jetzt hat IMA Exploration neben dem NAVIDAD Silberfund einen zweiten VOLLTREFFER in Argentinien gelandet.

Könnte wetten der AKTIENKURS in KANADA geht heute so richtig ab....WKN 884971 für alle die zu spät sind

Beste Grüße,

DER GOLDREPORT

[kilbi]

Hi Goldreport,

bin auch in Ima zu 0,62.Hatte sie damals schon abgeschrieben,umso besser gefällt mir die jetzige Kursentwicklung

Eine Bitte,

würdest du mir in Kurzfassung das ins deutsche übersetzen


Was ist dein KZ??

Danke und Gruß