Owner
Post by Franko10 ™ on Sept 16, 2004 7:27:53 GMT -5
Thu Mar 13, 2003
Study on El Cairo Gold Property Complete
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The Company is pleased to announce that a study of the reverse-circulation (R.C.) and diamond drill programs carried out by Battle Mountain Gold Inc. ('BMG') on the El Cairo gold property in the late 1990's has been completed. Particular attention was placed on the sulphide intersections below the economically important oxide horizon.
The El Cairo gold deposit is reported by BMG to consist of a number of near parallel to parallel gold zones that strike northeasterly and dip and plunge steeply. The host rock is primarily lower Cretaceous volcanoclastic sediments and to a lesser degree a Tertiary dacitic prophyry. Most of the drilling carried out by BMG was intended to evaluate the oxide zone; however, a sufficient number of holes were deep enough to allow BMG to report an estimated sulphide gold resource of 31,700,000 tonnes grading 0.63g Au/tonne. This sulphide resource is in addition to the reserves of 20,878,833 (gold at US $350 per oz) tonnes of run-of-mine oxide ore grading 0.82g Au/tonne reported by A.C.A. Howe International Limited in the Pre-feasibility study dated September 16, 2002.
The higher-grade sulphide gold zones encountered by BMG in their drill program are tabulated below:
Width Au
No. From To (m) g/t
-----------------------------------
R97-30 184.5 187.5 3.0 7.4
R98-40 250.5 259.5 9.0 6.7
R97-42 210.0 214.5 4.5 2.8
223.5 258.0 34.5 3.8
Incl 223.5 226.5 3.0 4.8
Incl 237.0 246.0 9.0 5.8
R98-59 130.5 144.0 13.5 3.7
R98-54 201.0 214.5 13.5 2.5
Incl 205.5 210.0 4.5 3.3
Incl 211.5 214.5 3.0 3.3
R98-140 250.5 259.5 9.0 6.7
R97-32 308.5 211.5 3.0 3.0
R97-15 222.0 228.0 6.0 5.3
R98-100 232.5 234.0* 1.5 5.4
*hole stopped
R98-153 142.5 153.0 10.5 2.1
R98-98 171.0 178.5 7.5 2.1
177.0 178.5* 1.5 3.7
*hole stopped
R98-118 259.5 268.5 9.0 2.8
Incl 259.5 265.5 6.0 3.5
The twelve (12) drill hole gold intercepts tabulated above represents eight (8) individual gold zones with an average intercept width of 9.9 metres (32.7ft) and an average grade of 4.0g Au/t (0.12oz Au/ton).
These results suggest that the sulphide zone should be further evaluated by additional diamond drilling in an attempt to define gold zones capable of being mined by low cost bulk underground mining.
An exploratory diamond drill program, including down-hole pulse E.M. survey work, is definitely warranted on these gold zones concurrent with the mining of the oxide zone.
Study on El Cairo Gold Property Complete
--------------------------------------------------------------------------------
The Company is pleased to announce that a study of the reverse-circulation (R.C.) and diamond drill programs carried out by Battle Mountain Gold Inc. ('BMG') on the El Cairo gold property in the late 1990's has been completed. Particular attention was placed on the sulphide intersections below the economically important oxide horizon.
The El Cairo gold deposit is reported by BMG to consist of a number of near parallel to parallel gold zones that strike northeasterly and dip and plunge steeply. The host rock is primarily lower Cretaceous volcanoclastic sediments and to a lesser degree a Tertiary dacitic prophyry. Most of the drilling carried out by BMG was intended to evaluate the oxide zone; however, a sufficient number of holes were deep enough to allow BMG to report an estimated sulphide gold resource of 31,700,000 tonnes grading 0.63g Au/tonne. This sulphide resource is in addition to the reserves of 20,878,833 (gold at US $350 per oz) tonnes of run-of-mine oxide ore grading 0.82g Au/tonne reported by A.C.A. Howe International Limited in the Pre-feasibility study dated September 16, 2002.
The higher-grade sulphide gold zones encountered by BMG in their drill program are tabulated below:
Width Au
No. From To (m) g/t
-----------------------------------
R97-30 184.5 187.5 3.0 7.4
R98-40 250.5 259.5 9.0 6.7
R97-42 210.0 214.5 4.5 2.8
223.5 258.0 34.5 3.8
Incl 223.5 226.5 3.0 4.8
Incl 237.0 246.0 9.0 5.8
R98-59 130.5 144.0 13.5 3.7
R98-54 201.0 214.5 13.5 2.5
Incl 205.5 210.0 4.5 3.3
Incl 211.5 214.5 3.0 3.3
R98-140 250.5 259.5 9.0 6.7
R97-32 308.5 211.5 3.0 3.0
R97-15 222.0 228.0 6.0 5.3
R98-100 232.5 234.0* 1.5 5.4
*hole stopped
R98-153 142.5 153.0 10.5 2.1
R98-98 171.0 178.5 7.5 2.1
177.0 178.5* 1.5 3.7
*hole stopped
R98-118 259.5 268.5 9.0 2.8
Incl 259.5 265.5 6.0 3.5
The twelve (12) drill hole gold intercepts tabulated above represents eight (8) individual gold zones with an average intercept width of 9.9 metres (32.7ft) and an average grade of 4.0g Au/t (0.12oz Au/ton).
These results suggest that the sulphide zone should be further evaluated by additional diamond drilling in an attempt to define gold zones capable of being mined by low cost bulk underground mining.
An exploratory diamond drill program, including down-hole pulse E.M. survey work, is definitely warranted on these gold zones concurrent with the mining of the oxide zone.
