ARLO RESOURCES ANNOUNCES NEW OXIDE EPITHERMAL GOLD DISCOVERY MADE AT RIO LIRI, PANAMA.VANCOUVER, BC--(BUSINESS WIRE)--May 12, 1995--Arlo Resources, is pleased to announce a new gold discovery based on five drill holes completed in the Rio Liri concession at the Cerro Pelado zone during Phase I drilling program, in the Republic of Panama. A total of eight core drill holes were completed with six holes assayed and two drill holes' results pending on the property totaling 1,101 meters. Five of the drill holes have intersected significant oxide gold 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. with intervals grading up to 3.09 grams per tonne over 14 meters and is open on three sides. Mineralization is associated with silicification si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. contained within tuffaceous units. The Cerro Pelado zone is located approximately 30 kilometers southwest of the Santa Rosa Santa Rosa, city, Argentina Santa Rosa, city (1991 pop. 80,629), capital of La Pampa prov., central Argentina. It is a modern city and road junction surrounded by a rich agricultural and cattle-raising area. Mine which contains at least 12.4 million tonnes grading 1.49 grams per tonne gold, and is now in production. The drilling on the Rio Liri Concession at the Cerro Pelado zone targeted one of the two large gold soil anomalies. The northern untested gold anomaly is roughly 700 by 600 meters measured by 100 ppb ppb abbr. parts per billion contours and the southern anomaly is approximately 1 km by 600 meters measured by 100 ppb contours. Cyanide cyanide (sī`ənīd'), chemical compound containing the cyano group, -CN. Cyanides are salts or esters of hydrogen cyanide (hydrocyanic acid, HCN) formed by replacing the hydrogen with a metal (e.g., sodium or potassium) or a radical (e.g. shake tests on RL95-1 show that the oxide zone is amenable to cyanide leaching. The weighted average assays are listed below: -0-
Interval (m) Total Total Au Ag
Hole No. From To M Ft. g/t g/t
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RL95-1 9.0 23.0 14.0 45.9 3.09 1.41
59.0 67.0 8.0 26.2 2.69 1.58
RL95-2 3.1 34 30.9 101.4 1.31 0.96 RL95-3 5.6 20.1 14.5 47.6 1.58 0.70
RL95-6 65.0 80.0 15.0 49.2 1.57 1.74
128.0 135.0 7.0 23.0 0.58 1.14
RL95-7 67.0 95.0 28.0 91.9 0.85 0.91 Arlo Resources is planning to follow up Phase I drilling with an IP geophysical survey Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. to delineate the zone of silicification and to explore the untested gold soil anomalies. A 1200 meter core drilling program is planned to begin at Rio Liri following the geophysical survey in addition to metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. testing. Arlo Resources is very encouraged by these results and looks forward to the next phase of drilling on the Rio Liri Concession. Arlo Resources announces the completion of a six hole drill program on the Oro del Norte Del Norte can refer to multiple things:
Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. system similar to the Petaquilla and Botija copper deposits or a gold system. The six hole drill program initial results showed copper and gold mineralization. Lithologies in the core logs suggest a hornfelsed area of volcanics at the margin of an intrusive porphyry system. Based on the results, the drilling is on the fringe On The Fringe is a popular Pakistani television show on Indus Music. It is hosted and scripted by the eccentric television host and music critic, Fasi Zaka and directed by Zeeshan Pervez. area of a copper porphyry system which will take additional drill holes to locate central deposit resource. Listed below are selected drill intercepts.
Interval (m) Total Total Cu Au Ag
Hole No. From To M Ft. % g/t g/t
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ON95-01 75.0 76.5 1.5 4.9 0.55 0.25 1.4
112.5 115.5 3.0 9.8 0.41 0.14 1.7
ON95-02 99.0 102.0 3.0 9.8 0.3 0.33 2.5 ON95-03 91.5 93.0 1.5 4.9 0.21 0.14 2.4
ON95-04 72.0 112.5 40.5 132.9 0.22 0.06 0.3
129.0 138.0 9.0 29.5 0.26 0.05 0.3
ON95-05 60.5 63.5 3.0 9.8 0.40 1.03 4.5
71.0 75.5 4.5 14.8 0.20 3.43 2.1
The six holes were completed as an initial test on three separate target areas within the Cerro Norte grid which contains a geochemically anomalous area (Cu-Au-Mo) in excess of ten square kilometers. It is part of a much larger anomalous trend that flanks the northeastern side of the Petaquilla Batholith batholith, enormous mass of intrusive igneous rock, that is, rock made of once-molten material that has solidified below the earth's surface (see rock). Batholiths usually are granitic (see granite) in composition, have steeply inclined walls, have no visible floors, and covers an area of similar magnitude and potential as that of the southwest side of the Batholith which hosts the extensive mineral resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature centered in the Petaquilla Concession. The Cerro Norte grid is being expanded both to the northwest and the southeast where the Cerro Norte zone remains open to expansion. Additional drilling is being planned to follow-up the mineralization intersected in hole ON95-05, and test a variety of other favorable geochemical targets within the Cerro Norte grid area. One of the targets at Oro del Norte near the Rio San Lucas San Lu·cas , Cape A cape of western Mexico at the southern tip of Baja California extending into the Pacific Ocean. has returned values of up to 32.8 gram/tonne gold and 66.8 gram/tonne silver from a vuggy quartz 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. zone that is exposed over a minimum strike length of 30 meters. Work will continue on the Chorcha Concession in late May on East Chorcha, a geophysical anomaly located approximately 1 km east of the recently discovered copper/gold stockwork zone. This discovery was announced in an April 4, 1995 press release from Arlo Resources and describes drill intercepts from four drill holes in a copper/gold stockwork system. Work on East Chorcha will involve geologic mapping, rock sampling, and drill target selection. In addition, a second area approximately 6 km northwest of the Chorcha copper/gold stockwork zone will be mapped and rock sampled to follow up previous anomalous copper stream sediment sampling. Drilling at Chorcha proper will commence in late July to further delineate the copper/gold stockwork zone and to test targets at East Chorcha. ON BEHALF OF THE BOARD OF DIRECTORS OF ARLO RESOURCES LTD. Richard Fifer C. President of Arlo Resources, LTD. Gerald L. Sneddon President of Arlo Resources, SA. No Stock Exchange has approved or disapproved the information contained herein. CONTACT: Richard Fife C. (604) 687-7178 (604) 687-7179 (Fax) CONTACT: NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of INDUSTRY KEYWORD: MINING REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-330-5311 or |
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