Owner
Post by Franko10 ™ on Sept 16, 2004 7:30:47 GMT -5
Wed Oct 1, 2003
Drilling Contract Signed for 6 Holes on the El Cairo Project
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Morgain Minerals Inc. (the "Company" TSX-Venture: MGM) is pleased to announce that a drilling contract has been signed with Layne de Mexico, S.A. de C.V. for the diamond drilling of six (6) PQ drill holes totalling 825 metres on the El Cairo heap-leach oxide-gold deposit in Durango, Mexico as recommended by A.C.A. Howe International Limited (Howe). Drilling is slated to begin in the first week of October 2003.
In it's September 2002 pre-feasibility on the El Cairo gold deposit Howe states that "the limited twinning of reverse circulation (RC) drill holes with diamond drill (core) holes suggested that the RC data underestimated the gold grade of the deposit by 30 to 40%". The higher-grade core intercepts were not included in the Howe reserve calculations. To gain the necessary statistical confidence to apply the core grades to a possible new estimate of ore reserves Howe recommends the twinning of 6 additional RC holes with core holes.
Kappes, Cassidy and Associates (KCA) of Reno, Nevada will utilize a portion of the core drilling material for their metallurgical testing as required for completion of a bankable feasibility study on the El Cairo.
Drilling Contract Signed for 6 Holes on the El Cairo Project
--------------------------------------------------------------------------------
Morgain Minerals Inc. (the "Company" TSX-Venture: MGM) is pleased to announce that a drilling contract has been signed with Layne de Mexico, S.A. de C.V. for the diamond drilling of six (6) PQ drill holes totalling 825 metres on the El Cairo heap-leach oxide-gold deposit in Durango, Mexico as recommended by A.C.A. Howe International Limited (Howe). Drilling is slated to begin in the first week of October 2003.
In it's September 2002 pre-feasibility on the El Cairo gold deposit Howe states that "the limited twinning of reverse circulation (RC) drill holes with diamond drill (core) holes suggested that the RC data underestimated the gold grade of the deposit by 30 to 40%". The higher-grade core intercepts were not included in the Howe reserve calculations. To gain the necessary statistical confidence to apply the core grades to a possible new estimate of ore reserves Howe recommends the twinning of 6 additional RC holes with core holes.
Kappes, Cassidy and Associates (KCA) of Reno, Nevada will utilize a portion of the core drilling material for their metallurgical testing as required for completion of a bankable feasibility study on the El Cairo.
