RE: RE: 12 metres at 1.411 per cent Li20PAW released the news a few minutes ago...hidden in a tantalum news release...
Pacific Wildcast drills 16 m of 1,047 g/t Ta205
2010-02-18 14:09 ET - News Release
Mr. Darren Townsend reports
PAW INTERCEPTS HIGH GRADE TANTALUM MINERALISATION FROM INITIAL DRILLING PROGRAM IN MOZAMBIQUE
Pacific Wildcat Resources Corp. has released the results from PAW'sinaugural 1,473-metre RC (reverse circulation) drilling programcompleted in November, 2009, targeting tantalum and lithiummineralization at the company's Muiane project in northern Mozambique.
Significant high-grade tantalum intersections were returned from RC holes at Muiane, including:
- NH127: 16 metres at 1,047 grams per tonne Ta205, including eight metres at 1,865 grams per tonne Ta205;
- NH139: 11 metres at 708 grams per tonne Ta205, including five metres at 1,158 grams per tonne Ta205;
- NH132: Seven metres at 373 grams per tonne Ta205, including two metres at 740 grams per tonne Ta205.
Significant intersections of lithium were also returned at Muiane with:
- NH139: 12 metres at 1.411 per cent Li20, including two metres at 2.605 per cent Li20;
- NH138: Two metres at 1.275 per cent Li20.
In addition PAW is pleased to report intersectionsfrom company's first drilling program at its Maridge prospect, locatedseven kilometres northwest of Muiane with a best tantalum intersectionof:
- MA003: Two metres at 265 grams per tonne Ta205.
Detail on the assay methods and intersectioncalculations including a full list of results is given at the end ofthis news release. Please note that intersection widths are downholelengths.
This limited initial 1,473-metre RC drilling program has achieved its three aims of:
- Testing for potential extensions to the historical tantalum mineralization at the Muiane mine;
- Drilling two "twin" holes to get a better understanding of the historic lithium drilling information at Muiane mine;
- Drilling the first known drill holes at the Maridge pit to confirm its potential for tantalum mineralization.
The first phase of the drilling focused on theSpirit Valley area located immediately east of the existing indicatedmineral resource of 1,375,000 tonnes at 250 grams per tonne Ta2O5containing 750,000 pounds of Ta2O5 at Muiane. The Spirit Valley is thelocation of substantial historic mining. Nuggets bearing Ta2O5(tantalum) mineralization were recovered from the walls of thishistoric mining area by the Pacific Wildcat exploration team in 2007.The following plan shows the location of the RC drill collars in theSpirit Valley in relation to the existing indicated mineral resource.
The following cross-sections show the significant intersections(Ta2O5 greater than 100 grams per tonne) in the Spirit Valley area.
The difference in results from the historic holes NH074, RC21and new holes NH128 and NH127 show what may be a substantial nuggeteffect but further work will need to be conducted to gain a betterunderstanding of the differences in tantalum assays in this area overshort distances.
The second phase of drilling focused on the drilling of twotwin holes (NH138 and NH139) in the Litica zone of the resource atMuiane.
As reported in the National Instrument 43-101 technical reporttitled "Technical report on the mineral assets of tantalum Mineracaoand Prospeccao Limitada," dated May 25, 2009, ITM Mining Ltd. carriedout an extensive mineral processing and geological sampling program atMuiane from May to June, 1999. A total of 24 RC drill holes weredrilled to depths of between 26 metres and 70 metres for a total of 973metres of which 909 metres were assayed. Although ITM did assay forTa2O5 and Li2O, there is limited information on the quality control andassaying techniques used. What can be reported is that lithiummineralization was encountered in over 80 per cent of the total RCsamples assayed in both the Litica zone and quartz/spodumene zones.
The following indicative cross-section gives the significantintersections of lithium and tantalum mineralization in holes NH138 andNH139 within this area of the resource.
The third phase of the drilling was the drilling of three RCholes at the Maridge mine located seven kilometres northwest of theMuiane mine. The Maridge pit is the location of extensive historicmining for tantalum. The pit is over 400 metres in length andapproximately 20 metres deep. No mining has occurred at Maridge since1974. These holes, the first drilled in modern times, intersected azone of mineralization at the northeastern end of the pit. Thefollowing plan shows the location of the three drill holes.
These tantalum intersections are particularly promising givenonly three holes were drilled and due to access problems the holes werenot able to be drilled in an optimal location. These results areimportant as it proves the concept of tantalum mineralization atMaridge. As the mineralization is open to the northeast further drillholes will be planned in this area for the next drill program oncedrill access has been improved.
Short-term company strategy
Work has commenced on analyzing the results from this limitedinitial RC drill program in the context of the existing resource atMuiane and historic exploration work completed on the property. Whilstplanning for the next drilling program is being undertaken, the companyhas begun an extensive trenching program on its exploration licenceswith the aim of identifying additional drill targets. The company'sstrategy at Muiane is to aggressively explore delineated tantalumtargets on the licences with the objective of adding to the existingtantalum resource base and gaining a better understanding of thelithium potential of the properties. The company is currentlyconsidering a number of tantalum processing options for Muiane and isadvanced in identifying a suitable treatment plant to allow formetallurgical testwork/initial small-scale production.
The chairman, Terry Lyons, said today: "These high-graderesults from PAW's first drill program since closing the transaction toacquire the properties is an excellent result for the exploration team.Given the success of this first program it is the aim of the company tostep up its exploration effort with the aim of commencing tantalumproduction at Muiane within the next 12 months."
TANTALUM INTERSECTIONS -- RC DRILL RESULTS
Hole
depth From To Interval Ta2O5
Prospect Hole ID East North (m) (m) (m) (m) (ppm)
Muiane 70 12 28 16 1047
NH127 420,186 8,260,229 incl. 12 20 8 1,865
32 40 8 160
6 7 1 130
10 13 3 290
NH128 420,182 8,260,224 100 17 19 2 205
38 42 4 145
69 70 1 170
72 78 6 183
0 2 2 105
13 15 2 245
NH129 420,189 8,260,235 76 18 28 10 223
incl. 18 19 1 610
32 42 10 224
64 65 1 100
12 20 8 270
NH129A 420,184 8,260,243 100
24 32 8 190
12 15 3 193
NH130 420,135 8,260,194 125
62 63 1 170
16 20 4 230
NH131 420,214 8,260,213 110 32 40 8 235
76 84 8 260
12 13 1 790
16 23 7 373
incl. 16 18 2 740
NH132 420,225 8,260,210 63 26 30 4 235
33 36 3 173
39 40 1 260
45 58 13 174
20 30 10 181
NH133 420,208 8,260,155 75 33 36 3 203
63 64 1 160
NH134 420,239 8,260,144 100 60 64 4 110
0 4 4 222
NH135 420,152 8,260,252 100 18 20 2 265
23 26 3 227
1 6 5 134
NH138 419,934 8,260,056 30
8 9 1 100
30 4 15 11 708
NH139 422,075 8,260,027 incl. 4 9 5 1,158
22 27 5 148
2 3 1 150
NH140 420,235 8,260,146 94 57 58 1 130
80 81 1 100
1 2 1 150
3 4 1 110
5 6 1 270
9 10 1 130
16 17 1 180
19 21 2 175
NH142 420,225 8,260,217 100 23 36 13 228
37 38 1 110
40 48 8 315
incl. 41 42 1 950
52 59 7 267
86 87 1 140
92 93 1 260
36 38 2 265
Maridge MA003 415,343 8,263,569 100 92 93 1 220
94 95 1 140
LITHIUM INTERSECTIONS -- RC DRILL RESULTS
Hole
depth From To Interval Li2O
Hole ID East North (m) (m) (m) (m) (%)
30 0 14 14 0.713
incl. 11 13 2 1.275
NH138 419,934 8,260,056 17 18 1 0.760
21 23 2 0.860
29 30 1 0.650
30 3 15 12 1.411
NH139 422,075 8,260,027
incl. 5 7 2 2.605
NH142 420,225 8,260,217 100 36 40 4 1.17
A quality assurance/quality control (QA/QC) programforms part of the drilling, sampling and assay program on the Muianeproject. This program includes chain-of-custody protocol as well assystematic submittal of certified reference materials and blank samplesinto the flow of samples produced by the drilling.
Qualified person
Qualified person Michael John Sperinck, BSc geology and chemistry,MAusIMM, an independent consultant with Global Mining Services andqualified person under the NI 43-101, and as a competent person asdefined in the 2004 edition of the Australasian Code for Reporting ofExploration Results, Mineral Resources and Ore Reserves, has reviewedthe technical contents relating to the Muiane mine for this newsrelease and helped supervise the exploration programs undertaken byPacific Wildcat.
Mr. Sperinck consents to the inclusion in this report of the mattersbased on his information in the form and context in which it appears.Mr. Sperinck has sufficient experience, which is relevant to the styleof mineralization and type of deposit under consideration with morethan 25 years of experience in the mining industry.