AXMIN Inc.: High Grades at New Prospect, Katsia East, in the Central African Republic.TORONTO -- 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 discovery of a new zone of gold mineralisation, named Katsia East, close to the Katsia prospect on the Bambari Permit 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). . Results from the new zone include high grades of 13 metres at 49.0 g/t Au including 4 metres at 155.0 g/t Au (both uncut). In addition, further infill drilling at the Katsia prospect has returned results that include 28 metres at 4.6 g/t Au, 14 metres at 6.7 g/t Au and 8 metres at 10.8 g/t Au. This drilling is being undertaken to facilitate an initial resource evaluation. The following table of reverse circulation ("RC") drill results shows both the uncut intercepts and the same intercept if an arbitrary top cut of 30 g/t Au is utilised.
Hole No. Total North East Declin. From To Inter- Grade Grade
Depth Co- Co- (deg) (m) (m) val (g/t (g/t
(m) ord ord (m) Au) Au)
Uncut Cut
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Katsia East
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PRC 159 60.0 2360 1130 - 50 1.0 6.0 5.0 1.0 -
PRC 166 60.0 2600 1140 - 50 33.0 35.0 2.0 25.2 -
and 41.0 50.0 9.0 6.2 -
PRC 167 70.0 2600 1210 - 50 7.0 20.0 13.0 1.5 -
and 30.0 43.0 13.0 49.0 8.8
including 35.0 39.0 4.0 155.0 24.8
and 47.0 52.0 5.0 1.9 -
and 58.0 70.0 12.0 8.0 -
PRC 168 60.0 2680 1140 - 50 8.0 10.0 2.0 1.9 -
and 30.0 32.0 2.0 1.4 -
and 57.0 58.0 1.0 11.6 -
PRC 169 83.0 2680 1180 - 50 33.0 36.0 3.0 12.6 -
PRC 170 24.0 2680 1220 - 60 9.0 13.0 4.0 1.7 -
PRC 171 62.5 2520 1180 - 60 0.0 6.5 6.5 2.2 -
and 10.5 14.5 4.0 8.1 -
PRC 172 62.5 2520 1140 - 60 17.5 19.5 2.0 4.7 -
Katsia
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PRC 162 60.0 2440 1030 - 50 1.0 4.0 3.0 9.6 -
and 20.0 22.0 2.0 1.6 -
and 33.0 35.0 2.0 1.7 -
PRC 163 60.0 2480 1025 - 50 1.0 7.0 6.0 1.3 -
PRC 164 60.0 2520 1010 - 50 0.0 14.0 14.0 6.7 -
including 0.0 9.0 9.0 9.4 -
PRC 165 60.0 2560 990 - 50 0.0 28.0 28.0 4.6 -
and 16.0 24.0 8.0 10.8 -
and 41.0 47.0 6.0 2.5 -
The Azimuth azimuth (ăz`əməth), in astronomy, one coordinate in the altazimuth coordinate system. It is the angular distance of a body measured westward along the celestial horizon from the observer's south point. for all of the above is 079 degrees, except PRC 167 with Azimuth 259 degrees. Katsia East is located about 200 metres east of the Katsia prospect, and lies at the contact between schists and a 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. The holes at Katsia East have been drilled by RC techniques on three fences 80 metres apart with gold mineralisation intersected on each fence with initial interpretation of the structures suggesting a steep easterly dip, rather than the more usual westerly dip. The high grade gold mineralisation is open to the north and south. Follow up drilling is to start shortly to fully define and extend this highly encouraging discovery. The high grades of section 2600 at Katsia East have also been recorded from surface in vertical rotary air blast ("RAB Rab (räb), Ital. Arbe, island (1991 pop. 9,205), 40 sq mi (104 sq km) off Croatia, in the Adriatic Sea. One of the Dalmatian islands, it is a popular seaside resort. Fishing and agriculture are the main occupations. ") hole PRA PRA - PRAgmatics. The language used by COPS for specification of code generators. ["Metalanguages of the Compiler Production System COPS", J. Borowiec, in GI Fachgesprach "Compiler-Compiler", ed W. Henhapl, Tech Hochs Darmstadt 1978, pp. 122-159]. 455 which returned a value of 20 metres at 16.2 g/t Au including 10 metres at 48.5 g/t Au. The RC drilling has confirmed these high grades to a vertical depth of 50 metres. Over the past two months infill drilling at both the Katsia and French Camp prospects has been completed to enable initial resource estimates to be calculated. The ongoing drill program will now target the numerous prospects identified by an ongoing surface geochemistry geochemistry, study of the chemical changes on the earth. More specifically, it is the study of the absolute and relative abundances of chemical elements in the minerals, soils, ores, rocks, water, and atmosphere of the earth and the distribution and movement of and RAB drilling program in order to increase the resource inventory to the level at which a pre-feasibility study will be justified. Grade calculations are based on the initial assays received from the laboratory, and will be subject to further quality control assaying. Analytical 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) Laboratories Ltd. in Ireland. The core samples are subject 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 ("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 central and west Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. . For more information regarding AXMIN visit our website at www.axmininc.com. 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. |
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