Absolut's Step-Out Drilling Hits At Pico Machay.TORONTO -- Absolut Resources Corp. (ABS) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ABS) is pleased to announce further drilling results from its Phase Three reverse circulation drill program completed on the Pico Machay, High Sulphidation Gold Project in Peru. Highlights include ABS-157 intersecting 49.5m @ 1.69 g/t Au and 19.5m @ 1.27 g/t Au and ABS-163 intersecting 70.5m @ 1.17 g/t Au. ABS-157 is the most westerly hole in the central zone and ABS-163 was a 75m step out to the northeast from ABS-143 (46.5m @ 1.49 g/t Au; see Company press releases dated June 8). The central zone of mineralisation is now over 600m in strike length and open to the west and northeast. ABS-156 which intersected 18m @ 1.05 g/t Au is located 250m to the northeast of ABS-163 and is further evidence that the mineralisation continues around the contact of the dacite da·cite n. A light gray volcanic rock containing a mixture of plagioclase and other crystalline minerals in glassy silica, similar in appearance to rhyolite. [After Dacia. intrusive. 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. Dan Noone comments "We are extremely excited by the results of this latest drilling campaign. Not only have we effectively doubled the known strike length of the main zone, but wildcat drilling Wildcat Drilling The process of drilling for oil in an area that has been left unexplored. Notes: The area in which the wildcat drilling occurs has usually not yielded commercial amounts of oil in prior to drilling. on the north and north-eastern extents of the dome have returned significant gold intercepts. Our geologists now have a greater understanding of the controls on mineralisation and our new geological model reflects this. We are now targeting the more than two kilometres of contact zone around the dacite dome as a genuine target to host more of the same." A preliminary resource calculation will now be undertaken and a fourth round of drilling will be scheduled for the fourth quarter. Exploration of other targets within the 4km by 2km alteration system that is Pico Machay is continuing and updates of this exploration will be released on a regular basis. For drill hole locations and sections please visit the following link: http://www.absolutresources.com/news/2005/pr_image071205.htm Drill results, calculated using a 0.3 g/t Au cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, and up to 1.5m of internal dilution are as follows:
From To Interval Au
Hole No. (meters) (meters) (meters) (ppm) Zone
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ABS-156 1.0 5.5 4.5 1.52 North Eastern
14.5 32.5 18.0 1.05
ABS-157 1.0 14.5 13.5 0.44 Central
26.5 46.0 19.5 1.27
53.5 103.0 49.5 1.69
107.5 110.5 3.0 0.34
115.0 124.0 9.0 0.42
130.0 134.5 4.5 0.42
139.0 142.0 3.0 0.43
ABS-163 14.5 85 70.5 1.17 Central
As a reference, the Newmont / Buenaventura Yanacocha high
sulphidation gold mine has an overall grade of 0.96 g/t Au.
Absolut has also received results for wildcat wildcat, common name of two Old World cats, the European wildcat, Felis sylvestris, of Europe and W Asia, and the African wildcat, or kaffir cat, F. lybica, of Africa and Asia. holes ABS 158 - 162 and ABS-164 which targeted geophysical and mercury anomalies to the far west of the main zone and within the dome. These holes returned no significant intersections. Absolut's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Minera Calipuy SAC has an agreement with Monterrico Metals PLC to earn up to a 75% interest in the Pico Machay gold project. Absolut has implemented a quality control program to ensure best practice in chemical sampling and analysis of surface and reverse circulation drilling samples. Analytical services are provided for by ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex Laboratories in Lima and North Vancouver North Vancouver, city (1991 pop. 38,436), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver, of which it is a suburb. Shipbuilding, woodworking, and the shipping of grain, lumber, and ore are the chief industries. . Absolut Resources Corp. is a precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. exploration and development company based in Toronto, Canada. Absolut believes in an international best practices approach, and implements this on all its social and environmental decisions. The required qualified person for the Pico Machay Gold Project is Mr. Dan Noone, who is a member of the Australian Institute of Geoscientists. This press release contains forward looking statements. 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 release. Absolut Resources Corp. (TSX VENTURE:ABS) |
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