<< ------------------------------------------------------------------------- - Final assay results from the Fall 2006 trenching/sampling (conducted in conjunction with the 10,000 ton bulk sampling program) continue to confirm the high-grade nature of newly discovered veins in the Cleary Hill area.
- Gold-bearing zones up to 100 feet wide around the Cleary Hill vein, along with lower-grade mineralization between veins and shear zones, suggests that the property may have the potential to host bulk tonnage gold deposits.
- 5,000 feet of close spaced, shallow drilling is underway in a multi- phase program that is expected to test the Cleary Hill vein and the Southern Vein Swarm with up to 25,000 feet of drilling at various locations along its 3,500-foot strike length. ------------------------------------------------------------------------- >>
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Sur American Gold Corporation Defines Major Copper Porphyry System at Tagpura Project
Monday January 15, 9:52 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 15, 2007) -
SUR AMERICAN GOLD CORPORATION (TSX VENTURE:
SUR -
News) is pleased to advise that core drilling at its Tagpura project, Compostela Valley, Philippines, is outlining long intersections of typical porphyry style copper mineralization with important gold and molybdenum credits in addition to narrower 50-100m wide zones of higher grade semi-massive to massive sulphide mineralization.
The Company has now completed 6 drill holes totaling 2450 metres and has received assays for three drill holes which are reported below in Table 1.
HIGHLIGHTS TO DATE
- Tagpura #1 drill hole, as previously reported returned 88 meters grading 0.92% copper, 0.34g/t gold and 1.73g/t silver from 61-149 metres, including a higher grade interval from 78-127 metres (49 metres) grading 1.3% copper, 0.40g/t gold and 2.41g/t silver.
- A potentially major discovery has been made in Tagpura #3 drill hole where, as previously reported, porphyry copper mineralization was observed deeper in the hole. Assays have now confirmed these observations. Copper grades steadily increase throughout the entire 466.8m depth of the hole which stopped in strong copper mineralization. Machine capacity prevented deeper drilling and accordingly the Company is now sourcing a larger capacity rig capable of drilling up to 1000m holes.
- Similar mineralization has also been observed in Tagpura #4, 5 and 6 drill holes, all of which were drilled to depths of about 450m metres.
- Drilling completed to date has only covered less than 10% of the 6sq km Tagpura geophysical anomaly which appears, at this stage of the exploration program to be consistently mineralized.
- Work is underway at the Kalamatan copper-gold porphyry system 5 km north of Tagpura with resampling of the major tunnels which were developed more than 25 years ago. Initial results suggest consistently significantly higher gold values which will be reported soon as further results come to hand.
- Drill performance at Tagpura has been excellent and has exceeded budgets in both performance and significantly lower costs.
- The Company website www.surgold.com has been updated to include further maps and plans of the Tagpura project