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AFCAN Mining Corporation: New Area Targeted at Tanjianshan.


TORONTO -- AFCAN AFCAN Antica Fabbrica Ceramiche Artistiche Napoletane (Italy)  (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:AFK "Away from keyboard." See digispeak.

(chat) AFK - away from keyboard.
) is pleased to announce the outcome of geological interpretation at M7 together with drilling targets for the 2005 drilling programme. Highlights include:

- confirmation of the connection between the gold mineralisation in the Jinlonggou deposit and M7, a satellite deposit, 300 metres to the east and from M7 to the second satellite deposit of Pubugou, 250 metres to the south. This area is beyond current resource limits and has the potential to add substantially to the total resource inventory. This potential will be tested in 2005 with additional drilling.

- 31.8m @ 3.33 g/t Au (includes 12.23m @ 5.58 g/t Au) in previous Chinese drilling, not included in current resources

- drilling to start at Tanjianshan in mid May

Recent mapping has led to a new interpretation of the M7 satellite deposit to the Jinlonggou deposit at the Tanjianshan Gold Project in China, 85% owned by Afcan The mineralised package of diorites and phyllites is now interpreted as folded into an antiformal structure, complementary to the Jinlonggou synform 300 metres to the northwest. This antiform, together with the mineralised package may be traced from M7 to Pubugou 250 metres to the south.

Previous drilling by Afcan on the distal parts of the western limb of this structure (17 drill intercepts), plus earlier drilling by the First Brigade First (1st) Brigade can refer to numerous military formations, usually with long traditions, in various countries. They include:
  • Australia
  • 1st Brigade (Australia)
  • Croatia
  • 1st Guard Brigade (Croatia)
 for Geology and Mineral Exploration in Qinghai Province (Q1) in the core of the fold (15 intercepts) indicates that the folded package is mineralised to varying degrees from M7 through to Pubugou. The western limb is weakly mineralised (e.g. 8m @ 2.74 g/t Au in ZK1), but is strongly mineralised in the core (e.g 31.8m @ 3.33 g/t Au in ZK0107 and includes 12.23m @ 5.58 g/t Au). Previous mining at M7 took place in the core of the fold and this is in marked contrast to the Jinlonggou synform where mineralisation has been mined on the limbs of the fold. The 2005 M7 drilling programme will target the core of the antiform south to Pubugou.

A schematic geological plan and section of the M7 to Pubugou area will be posted shortly on the company's website, together with the location of planned holes and a table showing results of previous drilling into the structure. None of these intercepts have been included in previous resource estimates and any resources delineated within the M7-Pubugou structure will be additional to current resources.

In addition to Jinlonggou, the second main deposit, Qinlongtan, located 16kms to the NW will also be further tested by drilling during 2005. Qinlongtan targets are the southerly extensions of the high grade plunging ore shoots at depth and near surface repetitions of those shoots in the thick gravel/alluvium covered portion of the southern part of the mineralised plane.

Afcan samples are prepared at an on-site sample preparation laboratory constructed and set up by SGS SGS Société Générale de Surveillance
SGS Symantec Gateway Security (appliance)
SGS School of Graduate Studies
SGS Subgrid Scale
SGS Singapore Government Securities
SGS Shell Global Solutions
 Laboratory Services Ltd. Pulp samples of 100gm are sent to Genalysis Laboratories in Perth, Australia Perth may refer to:
  • Perth, Western Australia, the capital of the Australian state of Western Australia
  • City of Perth, a Local Government Area in and around the central business district of Perth
 for analysis by fire assay on a 50gm charge. Duplicates are sent to Standard and Reference Laboratories also in Perth for 50gm classicalfire assay with "part and weigh" detection." Q1 samples were prepared onsite and sent to their own laboratory in Xining. Analysis was by Aqua Regia/HF digest with MIBK MIBK Methyl Isobutyl Ketone  collection and AAS finish on a 20gm charge. Q1 data has been verified by Afcan through re-sampling and re-assay using the Genalysis and STAR laboratories.

All programmes are being carried out under the supervision of Phil Fillis, an independent geological expert and Qualified Person for Afcan.

AFCAN is an emerging gold producer in China and owns 85% of the TJS TJS Tajikistan Somoni (ISO currency code)
TJS Tactical Jamming System
TJS Tommy John Surgery (baseball pitcher's damaged elbow) 
 Project at Tanjianshan in Qinghai Province.A Bankable bank·a·ble  
adj.
1. Acceptable to or at a bank: bankable funds.

2. Guaranteed to bring profit: a bankable movie star.
 Feasibility Study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented.  has been completed on the Project and detailed design has commenced.There are an additional 23 anomalies on the licence area of 341 km2 that are being explored.Afcan growth is focused on exploration and development of its advanced projects.

THE TORONTO STOCK EXCHANGE Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

AFCAN Mining Corporation (TSX:AFK)
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CANA
Date:May 2, 2005
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