AXMIN Inc.: Final Results From French Camp Phase II Drilling Program Central African Republic.Business Editors TORONTO--(BUSINESS WIRE)--Jan. 19, 2004 AXMIN Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AXM AXM Astonishing X-Men (comic) AXM Authorized Cross Memory ) is pleased to announce the results from the final five drill holes in Phase II of the French Camp drilling campaign, which concluded in December 2003. The results confirm strong gold mineralisation within the previously outlined zone with hole PDC (1) (Primary Domain Controller) A Windows NT/2000 service that manages security for its local domain. Every domain has one PDC, which contains a database of usernames, passwords and permissions. 32 having an intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of 28.5 metres at 4.7 g/t Au. The other four holes (PDC 29, 30, 31 and 33) were designed to test the northwesterly north·west·er·ly adj. 1. Situated toward the northwest. 2. Coming or being from the northwest. north·west and southeasterly south·east·er·ly adj. 1. Situated toward the southeast. 2. Coming or being from the southeast. south·east extensions of the zone. They returned minimal to low values, however there is the possibility of a second zone to the southeast. Overall the French Camp drilling has confirmed the simple geometry of the zone and with a weighted average grade for all intersections of about 4 g/t Au indicating that it should be readily extracted by open pit. The exploration objective is to complete testing of the French Camp zone to a vertical depth of about 150 metres in parallel with completing systematic drilling at the nearby Katsia then to have an independent resource estimate prepared during the second quarter of the year. It is anticipated that additional prospects could be incorporated into this study. Finally assays from six additional holes are awaited a·wait v. a·wait·ed, a·wait·ing, a·waits v.tr. 1. a. To wait for. See Synonyms at expect. b. . Four of these test new targets along strike and within 3 km of French Camp and two holes are from the follow up program at Katsia. Chief Executive Officer, Dr Jonathan Forster comments "The systematic drilling at French Camp has confirmed the presence of a potentially economic orebody, with the possibility of a second zone to the southeast. Moreover, we now have a far better grasp on the style of the gold mineralisation and can apply the model to at least five other targets within a radius of five km. With follow up drilling already restarted at Katsia, and with Main Zone also scheduled for work, we are pleased to be able to increase our planned program for the year to over 30,000 metres to enable us to start to quantify Quantify - A performance analysis tool from Pure Software. the potential of this Permit." The next round of drilling at French Camp will target the zone at depth to test the down plunge The term Plunge has multiple meanings:
 This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. holes indicate the potential for a separate mineralised structure. A geological model for the French Camp has been established on the basis of eighteen core holes, which have been drilled on a systematic 40 metre by 40 metre grid (refer to accompanying table). The zone has been defined to an average vertical depth of 110 metres over a length of 200 metres. One hole has demonstrated vertical continuity of the zone to a depth of 140 metres. The French Camp zone is modeled as a northwest trending zone within banded ironstone ironstone a natural ore which may contain significant amounts of fluorine and cause fluorosis in cattle grazing pastures in the vicinity of a factory which calcines the ore. formation ("BIF BIF In currencies, this is the abbreviation for the Burundi Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. "), with at least two closely associated mineralised structures, one in each of the hanging and footwall foot·wall n. Geology 1. The mass of rock underlying a mineral deposit in a mine. 2. The underlying block of a fault having an inclined fault plane. . The zone dips at between 50-65 degrees to the southwest, roughly parallel to the slope of the topography topography (təpŏg`rəfē), description or representation of the features and configuration of land surfaces. Topographic maps use symbols and coloring, with particular attention given to the shape and elevations of terrain. and incorporates a central high-grade shoot that appears to plunge to the northwest at about 55 degrees. The true width of the zone is interpreted to range from 15 to 33 metres along its length (average about 22 metres) and that of associated structures averaging about 5 and 8 metres. As the gold is hosted almost entirely in the dense BIF, initial density measurements for the mineralised rock are about 2.8 g/cc in the oxide zone and 3.4 g/cc in sulphides. A weighted (uncut) average grade of all the intersections in the zone, using a 0.5 g/t Au cut off and including the hanging and footwall structures is calculated at about 4 g/t Au. Analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. work is being carried out at the independent OMAC OMAC Open Modular Architecture Control(ler) OMAC One-Key CBC Mac OMAC One Man Army Corps OMAC Observational Metahuman Activity Construct OMAC Ocala Municipal Arts Commission (Florida) Ltd. laboratory in Ireland. The core samples are being subjected to a full sample preparation followed by a 50-gram fire assay with an AA finish. Core blanks (5%) are being used to monitor laboratory performance during first pass analysis. A full QA/QC QA/QC Quality Assurance/Quality Control program will be coordinated on 20% of all greater than 500 ppb ppb abbr. parts per billion samples at the end of the program and will include 5% blanks standards and duplicates. This press release has been reviewed by an in-house qualified person, Dr. Jonathan Forster, Fellow of the Institute of Materials, Mining and Metallurgy metallurgy (mĕt`əlûr'jē), science and technology of metals and their alloys. Modern metallurgical research is concerned with the preparation of radioactive metals, with obtaining metals economically from low-grade ores, with ("IMMM IMMM Institute of Materials Minerals and Mining IMMM Inflight Missile Modification Message "). AXMIN is a mineral exploration company with a strong focus on gold in highly prospective properties across Africa, principally in the Central African Republic Central African Republic, republic (2005 est. pop. 3,800,000), 240,534 sq mi (622,983 sq km), central Africa. The landlocked nation is bordered by Chad (N), Sudan (E), Congo (Kinshasa) and Congo (Brazzaville) (S), and Cameroon (W). , Mali and Burkina Faso Burkina Faso (burkē`nə fä`sō), republic (2005 est. pop. 13,925,000), 105,869 sq mi (274,200 sq km), W Africa. It borders on Mali in the west and north, on Niger in the northeast, on Benin in the southeast, and on Togo, Ghana, and . For more information regarding AXMIN visit our website at www.axmininc.com.
All French Camp drill results are reported below. All of the final
five holes (PDC 29, PDC 30, PDC 31, PDC 32 and PDC 33) are
highlighted:
Hole Total North East Azimuth Declin.
No. Depth Co-ord Co-ord (deg) (deg)
(m) (Fence)
--------------------------------------------------------------------
PDC 33 136.8 460N 1683W 057 - 50
PDC 27 127.8 420N 1667W 057 - 50
PDC 28 95.5 420N 1560W 057 - 70
PDC 22 89.3 420N 1595W 057 - 70
PDC 24 155.1 380N 1670W 057 - 70
and
and
PDC 1 45.4 380N 1585W 057 - 50
including
PDC 2 86.2 380N 1585W 057 - 70
including
PDC 5 69.7 380N 1555W 057 - 70
and
PDC 6 100.0 380N 1630W 057 - 70
including
PDC 25 114.6 340N 1625W 057 - 70
and
and
PDC 32 75.6 340N 1587W 057 - 70
including
and
PDC 3 69.5 300N 1595W 057 - 70
including
including
PDC 4 110.0 300N 1628W 057 - 70
including
including
PDC 21 87.6 260N 1600W 057 - 70
including
and
PDC 23 122.1 260N 1640W 057 - 70
and
and
including
and
PDC 26 95.2 220N 1610W 057 - 70
and
PDC 29 134.1 220N 1655W 057 - 70
PDC 30 89.1 180N 1610W 057 - 70
and
and
PDC 31 131.0 180N 1650W 057 - 70
PDC 7 100.2 140N 1540W 057 - 70
PDC 8 61.9 140N 1500W 057 - 70
Hole From To Interval Grade
No. (m) (m) (m) (g/t Au)
-----------------------------------------------------------
PDC 33 NSI
PDC 27 84.3 100.8 16.5 3.9
PDC 28 NSI
PDC 22 24.8 48.8 24.0 0.3
PDC 24 56.0 66.5 10.5(1) 6.2
101.1 110.1 9.0 1.7
119.1 141.0 21.9 4.0
PDC 1 18.5 35.0 16.5(1) 8.5
25.8 35.0 9.2 14.3
PDC 2 17.5 51.9 34.4 3.2
29.2 35.2 6.0 8.9
PDC 5 7.9 15.3 7.4 5.2
28.5 44.3 15.8 2.2
PDC 6 55.5 96.5 41.0 4.9
64.8 80.0 15.2 6.7
PDC 25 20.1 36.6 16.5 3.8
56.1 82.5 26.4 5.9
99.5 114.6(2) 15.1 2.1
PDC 32 9.6 38.1 28.5(3) 4.7
24.6 37.4 12.8(3) 8.0
51.6 59.1 7.5(3) 1.2
PDC 3 30.5 61.0 30.5 3.9
35.0 45.0 10.0 6.3
53.0 60.0 7.0 4.9
PDC 4 68.0 110.0(2) 42.0 2.8
75.5 86.0 10.5 6.3
97.4 105.3 7.9 3.0
PDC 21 33.5 57.5 24.0 5.6
35.0 53.0 18.0 7.0
66.1 70.8 4.7 1.8
PDC 23 48.6 51.6 3.0 2.6
74.1 80.1 6.0 1.9
84.6 110.1 25.5 2.9
86.1 102.6 16.5 3.6
114.8 117.6 2.8 1.7
PDC 26 50.2 54.7 4.5 1.7
80.0 81.0 1.0 6.6
PDC 29 107.1 108.6 1.5 1.0
PDC 30 50.1 56.1 6.0 1.5
65.1 66.6 1.5 1.3
80.1 81.6 1.5 1.5
PDC 31 NSI
PDC 7 89.9 95.2 5.3 1.8
PDC 8 53.7 55.0 1.3 2.6
NSI - no significant intersection
1 - poor core recover
2 - hole ended in gold mineralisation
3 - includes an interval of 1.5 metres not sampled due
to core loss, and treated as having zero grade
The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion