Oh, we'll all go out to meet her when she comesSAMEX is pleased to announce further results from its Phase I
exploration program at the INCA Project in Chile. Extensive
geological work and drilling of 5 core drill holes in the Providencia
area has resulted in;
Demonstrating that the Providencia mine breccia pipe not far beneath
capping monzonite rock expands out to large size with strong copper-
sulfide (chalcopyrite) content which sampling to-date shows averaging
2.16% copper; little of the pipe has been mined
Discovery of a “concealed” breccia pipe with significant copper/
molybdenum mineralization including sections of 7.4 meters of 0.48%
Copper, and 1.5 meters of 0.38% Molybdenum
Further confirmation of the two large IP anomalies (Plate 3 Figures 2
& 4, VI & VII), with newly identified surface geologic features, which
suggest the possibility of significant copper-moly mineralized breccia
bodies concealed at depth that strongly warrant follow up drilling.
Jeff Dahl, President & CEO said, “We are pleased with the results from
Phase 1 exploration program thus far, as we have consistently
encountered mineralization and gathered important information that
advances our geological models. These results put us in an excellent
position to attract a senior partner to assist in exploring the large
and varied targets at INCA. As an explorer, it's exciting to hold
such a large and geologically prospective property in a historic
mining district. Of note, immediately adjoining us to the west,
Codelco is aggressively seeking to advance the development of their
orebody, which should serve to further enhance the value of our
prospects”...........................
Follow link for full News Release:
https://www.samex.com/news/aa-news-2008/NR8-08-Oct9.pdf