Banjas gold concessionCertainly, there is very high grade gold ore ( 0.5 oz per ton ) at the Banjas concession in Portugal with potential to extend the zone to 3 km.
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Confirmation sampling of High Grade gold mineralisation at Banjas
At the beginning of the 20th century, and sporadically up until 1938,
the argillic lodes were mined at Banjas for gold. The Company has
undertaken an underground sampling program at Banjas to confirm gold
grades noted by Connary and BRGM from channel samples taken
perpendicular to the flat lying vein structure at intervals of
approximately one metre along the stope faces from two stopes
(designated Stope A and Stope B by the Company).
Stope A
The face length of the Stope A working is approximately 14.5 metres.
The average value of assays from 15 samples in Stope A was reported by
BRGM as 11.91 grams per tonne ("g/t") gold across 0.61 metres along the
length of the working (14.5 metres). Values ranged from 1.3 g/t gold
over 0.6 metres to a high of 47.1 g/t gold over 0.6 metres.
The Company undertook channel sampling in Stope A, taking 4
confirmation samples at 3.0 metre to 4.0 metre intervals along the
face, to confirm assay values recorded by BRGM and Connary. The value
of these samples ranged from 1.78 g/t gold over 0.6 metres to 19.48 g/t
gold over 0.6 metres.
The average value of the samples taken by the Company in Stope A were
11.42 g/t gold over 0.60 metres. A top cut or maximum value for gold
assays of 60.0 g/t gold was applied to the calculation. The values
obtained by the Company compare favourably with those recorded by
Connary and BRGM.
Stope B
In the area designated as Stope B, approximately 25 metres to the south
west of Stope A, the face length is approximately 15 metres. The
average value of assays from 13 samples taken along the stope face (15
metres) was reported by BRGM as 36.88 g/t gold across 0.67 metres along
the length of the stope. Values ranged from 3.1 g/t gold over 0.65
metres to a high of 464.0 g/t gold over 0.6 metres.
The Company undertook channel sampling in Stope B, taking 5
confirmation samples at 3.0 metre to 4.0 metre intervals along the
stope face. The value of these samples ranged from 28.96 g/t gold over
0.6 metres to 346.93 g/t gold over 0.6 meters.
The average value of the samples taken by the Company in Stope B were
42.23 g/t gold over 0.69 metres. A top cut of 60.0 g/t gold was applied
to the calculation. These values, although slightly lower, compare
favourably with those recorded by Connary and BRGM
Other Workings
The Company also undertook check sampling of other workings that
exposed the flat lying vein structure in close proximity to Stopes A
and B. These values along with the comparative grades between the
Company sampling and the prior sampling are shown in the following
table:
Serra da Quinta
The Company has also undertaken confirmation sampling at the Serra da
Quinta project, which lies some 7.0 kilometres to the north of Banjas.
A series of 11 check samples was taken from an exploration adit where
previous sampling by Connary Minerals had returned encouraging gold
grades.
The samples were taken perpendicular to two distinct sub horizontal
structures, believed to be separated by a horizontal distance of
approximately 10 metres. The results of the original and confirmation
sampling follow (all assay values were top cut to 60 g/t gold):
.. The average grade of the four samples taken by Connary on the
structure #1 was 13.18 g/t gold across a width of 0.88 metres.
.. The Company's confirmation sampling of the structure #1 returned
assay values of 20.00 g/t across 0.88 metres.
.. The average grade of the five samples taken by Connary on the
structure #2 was 30.58 g/t gold across a width of 0.86 metres.
.. The Company's confirmation sampling of the structure #2 returned
assay values of 29.89 g/t across 0.86 metres.
The sample results are tabulated below:
The Drill Program
In addition, the Company has undertaken a diamond drilling program
which commenced in the fall of 2006 and was completed in May 2007. At
Po?o Romano, the program consisted of four drill holes totalling 641.70
metres. The holes were targeted at favourable geological features and
geochemical anomalies. In addition, 13 core drill holes were drilled at
the Banjas project from the underground workings for a total program of
555.80 metres. At Serra da Quinta, 44 percussive drill holes were
completed for a total of 1,477 metres. Core and cuttings from the
mineralized zones have been sampled and sent for assay. Final assay
results of this program are awaited and will be reported when all
results are available.
Quality Control and Quality Assurance
Sample preparation and analytical work is undertaken at an accredited
assay laboratory, OMAC Labs Ltd., in County Galway, Ireland, using
standard industry practices and conventional atomic absorption and fire
assay methods for gold (Au 4, gravity finish) and silver. Samples
believed to contain higher gold grades are assayed by process Au 9
(Screen Metallic). Base metal analysis is carried out using Aqua Regia
Digestion and Flame AA finish. For quality control purposes, analytical
standards with known metal values were included with the Company's
samples and show acceptable reproducibility. In addition, duplicate
analyses on selected drill samples will be carried out by a second
independent assay laboratory.
"We are very pleased with the results of the confirmation sampling,"
said Lewis Black, Chairman of the Company. "It is apparent that there
are structures containing high grade gold at the Banjas project and we
hope to be able to show these structures continue to the Po?o Romano
project some 3,000 metres to the northeast. Confirmation of the
extension is the primary objective of the drilling program. Our task is
to now extend the knowledge of those structures along the limb of the
major anticline with a view to defining an economic deposit. At Serra
da Quinta, the gold grades are again encouraging and we await the
results of the recently completed drill program to determine if the
project has the ability to match the Company's development criteria."
Primary Metals owns a 100 percent interest in the Panasqueira tungsten
mine in Portugal and is currently producing wolframite concentrates
containing some 100,000 MTUs of tungsten trioxide per annum with
further improvements underway. The Panasqueira mine has a long history
of production of high-quality wolframite concentrates and is the
dominant producer of high-grade tungsten concentrates outside China.
Further information is available at
www.sedar.com and on the Company's
website at
www.primarymetals.ca
On Behalf of the Board of Directors,
"James Robertson"
_____________________
James Robertson, P. Eng., Director
For further information contact:
Vancouver Office:
James Robertson
Phone: 604.669.8988
Email: info@primarymetals.ca
Website:
www.primarymetals.ca
Investor Relations:
Jamie Mathers, Ascenta Capital Partners Inc.
Phone: 604.628.5800 extension 236
Toll free: 1.866.684.4209
Email: jamie@ascentacapital.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or the accuracy of this release.
======================================================================
Copyright (c) 2007 PRIMARY METALS INC. (PMI) All rights reserved. For
more information visit our website at
https://www.primarymetalsinc.ca/
or send mailto:info@primarymetalsinc.ca
Message sent on Wed Jul 25, 2007 at 12:05:09 PM Pacific Time
======================================================================
.
Primary Metals Inc.
PRODUCER
CODE : PMI.V
ISIN : CA74157B1053
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In the News and Medias of Primary Metals Inc.
4/23/2007 Historic Tungsten Mine Pays off for Primary Metals
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7/27/2007 New Mine Area at Panasqueira
7/25/2007 Reports Gold Results at Quinta/Banjas Gold Property
7/18/2007 Maintains Improvements at Panasqueira
7/11/2007 Receives US$653,000 for Past Debt Settlement
6/13/2007 Reports Improvements at Panasqueira Tungsten Mine
5/29/2007 Announces Agreement to Terminate Revenue Sharing
5/7/2007 Announces Wind Generation Project
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3/16/2007 Reports Progress on Argimela Tin Deposit
3/15/2007 Reports Plans for Panasqueira Tungsten Mine
2/28/2007 Reports Nine-Month Earnings
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