It ain't a new Aurelian yet but ...
Mindoro does it again ....
- 52 meters of 11.50 g/t gold from 84 to 136 meters
A few million ounces of high grade gold on top of huge low grade porphyry ????
..................................
Press Release
Mindoro Resources Ltd.: Final Results for Kay Tanda Diamond Drill Hole 4
Tuesday November 14, 11:57 am ET
EDMONTON, ALBERTA--(CCNMatthews - Nov. 14, 2006) - Mindoro Resources Ltd. (TSX VENTURE:
MIO -
News; FWB:WKN 906167) today reported complete results from diamond drill hole KTDH-04 from the Kay Tanda epithermal gold-silver-base metal prospect, located in the Archangel Project, the Philippines. Significant gold values were intersected below the previously reported high-grade gold results, passing into a zone of base metal mineralization (copper, lead and zinc) and ending in porphyry copper-gold related alteration and mineralization.
On October 23, 2006, Mindoro reported results down to 121.3 meters in KTDH-04. Highlight was 13.90 grams per tonne (g/t) gold over 37.3 meters from 84 to 121.3 meters, including 23.50 g/t gold over 21.3 meters from 100 to 121.3 meters. A summary of the complete results appears in the table below. Highlights from the new results are:
- 52 meters of 11.50 g/t gold from 84 to 136 meters
- including 21.3 meters of 23.50 g/t gold from 100 to 121.3 meters (previously reported October 18)
- including 3 meters of 20.33 g/t gold from 125 to 128 meters
- 2 meters of 12.91 g/t gold from 168 to 170 meters
- 14 meters of 0.99% copper, 2.13% lead and 2.29% zinc from 221 to 235 meters, including 5 meters of 2.1% copper, 5.5% lead and 4.97% zinc from 229 to 234 meters.
The current geological interpretation is that KTDH-04 passed through a zone of west-dipping epithermal gold-silver-base metal mineralization, which may be an upflow (or "feeder") zone to the flat-lying, low-grade, near-surface mineralization encountered to date. It then passed through a footwall zone of copper-lead-zinc mineralization.
From 274 meters to end of hole at 303 meters, weak potassic alteration was encountered with associated weak copper (chalcopyrite) mineralization and quartz-anhydrite- gypsum veining, suggesting the hole is on the flanks of a porphyry copper-gold system. Deeper testing of the porphyry target will be carried out at a later date several hundred meters to grid-west, where there is a marked strengthening of the chargeability anomaly (see map in release of October 10, 2006).
Focus will continue to be evaluation of the new high-grade gold zone and on locating more such zones. Diamond drill hole KTDH-05 is being drilled on an angle from grid west to intersect the epithermal zone and give information on geometry and true width.
Based on these very encouraging results, a second diamond drill rig has been contracted and will be mobilized to site very soon. The reverse circulation rig, which has been undergoing maintenance for three weeks, has resumed infill drilling of the near-surface low-grade gold mineralization, and is currently working in the Pulang Lupa area.