WEST REGION NEWS
Cambrian Mining to start drilling program in Ghana
ACCRA, August 19 -- Cambrian Mining Plc Tuesday said that due to the success of the current exploration programme at its Subranum property in Ghana, an 8,000 million drilling programme has been commissioned to commence in two weeks. This drill programme, comprising over 230 holes, will be completed over the next three months.
The drilling programme has been designed to thoroughly test significant gold results from soil sampling, trenching and previous RC drilling in the oxide profile to depths of 25-30 metres over a strike length of some 6kms of the now identified 7km on the main anomaly and initial drilling on the newly discovered western anomaly.
The Subranum Project is located along the eastern margin of the Sefwi-Bibiani Belt in the Ashanti region of southwest Ghana, West Africa. The Sefwi-Bibiani Belt hosts over 17 million ounces of gold resources including Newmont's Yanfo gold project, Ashanti's Bibiani Gold Mine and Redback Mining's Chirano Project.
Cambrian has a direct 37.5% interest in Subranum (increasing to 45%) and management of the Subranum Project. Cambrian's joint venture partner is Investika Ltd, an Australian listed public Company, which has committed to spending US$1 million on exploration.
Exploration to date by way of geochemical soil sampling, trenching and drilling has identified a distinct "Bibiani Shear Anomaly" totaling some 7km of potential mineralized strike extent of which portions have excellent potential for the discovery of high grade gold mineralisation. The potential for further mineralisation to the northeast is high.
Previous drilling on Subranum has already returned significant RC drilling results including:
6 million @ 7.25g/t gold from 15 million in SBRC002 4 million @ 47.08g/t gold from 7 million in SBRC004, including 1 million at 180.50g/t gold 7 million @ 1.67g/t gold from 48 million in SBRC015
A recent infill soil geochemical programme carried out some 1.5km west of the main Bibiani Shear Anomaly has identified another anomaly, which coincides with the interpreted confluence of major structures and granite-Birimian lithological contacts.
Although not well defined, a 100ppb anomalous gold halo extends over 600 million in strike and 300 million in breadth, with peaks of 829ppb gold (0.829g/t gold) and 566ppb gold (0.566g/t gold). Sampling in this area is continuing to determine the full extent of the gold mineralisation in this area.
Trenching conducted during the past quarter with significant results including 1 million at 110.44g/t Au and 1 million at 20.84g/t Au from trench SBT45. These intercepts were associated with intensely sheared strong silica-sulphide alteration.
To the south SBT041 returned positive results from a low tenor gold- in-soil anomaly with 4 million grading 1.84g/t Au, 5 million grading 3.28g/t Au including 1 million at 12.70g/t Au and 2 million at 1.81g/t Au. Significant results from SBT041 support the previously held view that gold mineralisation persisted beneath transported soil cover between the 3 main mineralised zones.
These trench results complement previous exploration along what is now a 5.2km mineralised strike with 30 million of 1.96g/t Au in Trench TR18, 28 million of 1.90g/t Au in Trench TR13, 30 million of 1.02g/t Au in Trench TR23, 8 million of 1.86g/t Au in Trench TR24, 8 million of 1.34g/t Au in Trench TR25, 4 million of 8.05g/t Au in Trench TR29, 6 million of 2.98g/t Au in trench TR 35, 10 million of 1.76g/t Au in Trench TR37 and 52 million of 0.72g/t Au in Trench TR14. - BIZ
Union Capital gab am 23.06.2004 bekannt das 15,3 Millionen Tonnen zu 1,8 g/t Au 880.000 Unzen ergibt.
Laut dieser Meldung sollten dann Cambrian und Investika auf so etwa 10 Mill. Unzen Gold sitzen.
Schönes Wochenende !!!!
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