AMT Drilling intercepts new deep sulfide copper zone at Arizona property.TORONTO--(BUSINESS WIRE)--Dec. 10, 1996--AMT INTERNATIONAL MI (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). AAI AAI American Association of Immunologists. .) Latest drill hole intersects high grade copper; suggests another major copper discovery near large tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. American Eagle deposit. International Mining Corporation has intersected another high-grade, deep sulfide sulfide, chemical compound containing sulfur and one other element or sulfur and a radical. Sulfides may be salts or esters of hydrogen sulfide, H2S, or may be formed directly, e.g., by heating a metal with sulfur. copper zone 1,000 feet northwest of its American Eagle porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. copper system, where 76.6 million tons of 0.8 percent copper have been drill-indicated. Hole VIX VIX The implied volatility on the S&P 100 (OEX) option. This volatility is meant to be a forward looking volatility. It is calculated from both calls and puts that are near the money. The VIX is a popular measure of market risk. 28-2 has intercepted copper at a depth of about 1,800 feet. Out of a total mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. intersection of approximately 700 feet, 400 feet have been assayed with an average grade of 0.98 percent copper. This includes a 110 feet intercept over 2 percent copper grade. Two shallow angle holes drilled previously on the Creek Breccia breccia: see conglomerate. breccia Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured. system (holes NE6 and NE10) intersected 120 feet of 2.02 percent copper and 540 feet of 1.16 percent copper, respectively, in the general vicinity of hole VIX 28-2. "We knew there was excellent mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. in this shallow sulfide zone," said Dr. Kushal Singh, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AMT See vPro. , "but drill hole VIX 28-2, in conjunction with the results from holes NE6 and NE10, strongly suggests that we may have another large zone of relatively shallow high grade copper interfacing between the Copper Creek Breccia and the deeper disseminated disseminated /dis·sem·i·nat·ed/ (-sem´i-nat?ed) scattered; distributed over a considerable area. dis·sem·i·nat·ed adj. Spread over a large area of a body, a tissue, or an organ. portion of the porphyry copper system." Additional diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral at Copper Creek in the past month resulted in expanding the Old Reliable breccia, an open pitable deposit. The total resource of the Old Reliable deposit has been expanded at depth with excellent assay results, the company said. The company also said the current drilling program at the Childs- Aldwinkle breccia is now complete and the reserve evaluation of the breccia system in under way. CREEK BRECCIA A total of eleven well mineralized drill holes have been completed at the Creek Breccia, four of which were completed during the month of November. Values for significant drill intercepts completed during November are tabulated below: Hole VIX 28-2 (deeper intercept) was mineralized over a length of 700 feet of which 400 feet have been assayed with an average grade of 0.98 percent copper. Below are selected significant intercepts in this activity. -0-
Significant
Intercept Interval Copper
(Feet) (Feet) (Percent)
1100-1160 60 1.18
2310-2380 70 1.35
2380-2420 40 2.89
2420-2510 90 1.30
Hole VIX A was mineralized over a length of 680 feet at an average grade of 1.17 percent copper. Below are selected significant intercepts in this activity. -0-
Significant
Intercept Interval Copper
(Feet) (Feet) (Percent)
120-160 40 1.79
160-230 70 3.31
230-300 70 1.03
340-400 60 2.26
420-530 110 1.36
560-600 40 0.96
680-760 80 0.80
Hole VIX 34-2 was mineralized over a length of 600 feet at an average grade of 0.86 percent copper. Below are selected significant intercepts in this activity. -0-
Significant
Intercept Interval Copper
(Feet) (Feet) (Percent)
1010-1040 30 1.22
1130-1180 50 2.64
1180-1300 120 1.30
1510-1550 40 1.33
Hole VIX 30-1 was mineralized over a length of 400 feet at an average grade of 0.98 percent copper. Below are selected significant intercepts in this activity. -0-
Significant
Intercept Interval Copper
(Feet) (Feet) (Percent)
1100-1190 90 1.63
1190-1270 80 2.12
A sectional sec·tion·al adj. 1. Of, relating to, or characteristic of a particular district. 2. Composed of or divided into component sections. n. projection of the drilling to date in the Creek Breccia is presented in Figure 1 attached. OLD RELIABLE Seventeen highly mineralized holes have been drilled at Old Reliable by AMT, in addition to the extensive drilling data previously reported. The following are additional significant drill intercepts completed at Old Reliable: -0-
Hole Intercept Interval Copper
Number (Feet) (Feet) (percent)
13R 190-340 150 1.55
14R 190-300 110 0.69
(x) 15R 220-360 140 1.17
(x) 15D 360-460 100 1.38
16R 200-290 90 0.64
(x) 'R' denotes reverse circulation drilling and 'D" denotes deepening deep·en tr. & intr.v. deep·ened, deep·en·ing, deep·ens To make or become deep or deeper. Noun 1. deepening - a process of becoming deeper and more profound of the hole using diamond drilling. Old Reliable is a near surface resource and is likely to be open pitable. A sectional projection of the deposit is presented in Figure 2 attached. CHILDS-ALDWINKLE The current phase of drilling of the Childs-Aldwinkle breccia system is complete. To date, over thirty-seven drill holes have been completed. This provides sufficient drilling density to complete a reserve estimate, which is currently underway. Listed below are the gold and silver values for hole number CA- Tech. Copper and molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. values, which were reported on Press Release 96-11, dated November 11, 1996, are also listed for completeness. -0-
Hole Intercept Interval Copper Molybdenum Gold Silver
Number (Feet) (Feet) (percent) (percent) (Oz/T) (Oz/T)
CA Tech 290-380 90 2.65 0.04 0.008 0.12
380-510 130 1.16 0.07 0.001 0.07
510-560 50 2.69 0.27 0.003 0.50
560-650 90 2.20 0.42 0.031 0.47
650-720 70 1.18 0.04 0.006 0.18
720-780 60 1.70 0.10 0.002 0.21
A sectional projection of the Childs-Aldwinkle deposit is presented in Figure 3 attached. The maps are available by contacting the company at the number below. NOTE TO EDITORS: In the World Wide Web address below there is a "tilde A symbol used in Windows, starting with Windows 95, that maintains a short version of a long file or directory name for compatibility with Windows 3.1 and DOS. For example, the short version of a file named "Letter to Joe" would be LETTER~1. Then "Letter to Pat" becomes LETTER~2. " before "amtl/". It is possible this symbol may not appear properly in some systems. CONTACT: AMT International Mining Corporation Steve Stapleton, 520/544-8815 (Ext. 29) 520/544-8507 (FAX) or AMT International Mining Corporation Dr. Kushal Singh, 520/544-8815 (Ext. 24) 520/544-8507 (FAX) http://www.primenet.com/~amtl/ |
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