Absolut Reports Pico Machay Phase III Drill Results.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Absolut Resources Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ABS (Automatic Backup System) See backup program. ) is pleased to announce that the Company has received drilling results from the first ten holes of its Phase Three reverse circulation drill program completed on the Pico Machay, High Sulphidation Gold Project in Peru. Highlights of the drilling include holes ABS-128 intersecting in·ter·sect v. in·ter·sect·ed, in·ter·sect·ing, in·ter·sects v.tr. 1. To cut across or through: The path intersects the park. 2. 76m @ 1.06 g/t Au and ABS-131 intersecting 33m @ 1.19 g/t Au and 54m @ 1.24 g/t Au. Also of note was hole ABS-126 which is located to the north 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. dome (500m north of the Central Zone), which intersected 12m @ 2.66 g/t Au. Further drilling will need to be completed to determine the extent of this mineralisation which appears to be located along the northern contact of the dacite and the intruded in·trude v. in·trud·ed, in·trud·ing, in·trudes v.tr. 1. To put or force in inappropriately, especially without invitation, fitness, or permission: volcanic pile. Mineralisation in the Central Zone has been extended eastward with ABS-135 intersecting 30m @ 2.32 g/t Au. The mineralisation remains open to the northeast. For drill hole locations and sections please click here: http://www.absolutresources.com/news/2005/pr_image060805.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 Dilution A reduction in earnings per share of common stock that occurs through the issuance of additional shares or the conversion of convertible securities. Notes: Adding to the number of shares outstanding reduces the value of holdings of existing shareholders. are as follows:
From To Interval Au
Hole No. (meters) (meters) (meters) (ppm)
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ABS-126 55 67 12 2.66
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ABS-127 0.0 43.0 43.0 0.86
52.0 55.0 3.0 0.83
61.0 85.0 24.0 0.41
131.5 145.0 13.5 0.52
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ABS-128 2.5 14.5 12.0 0.81
28.0 104.5 76.5 1.06
107.5 119.5 12.0 0.47
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ABS-129 109.0 112.0 3.0 0.52
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ABS-130 13.0 16.0 3.0 0.56
59.5 68.5 9.0 0.73
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ABS-131 5.5 38.5 33.0 1.19
53.5 82.0 28.5 0.50
89.5 143.5 54.0 1.24
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No Significant
ABS-132 Results
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ABS-133 0.0 37.0 37.0 0.79
46.0 52.0 6.0 0.39
103.0 110.5 7.5 0.65
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ABS-134 0.0 59.5 59.5 0.67
73.0 82.0 9.0 0.75
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ABS-135 10.0 40.0 30.0 2.32
61.0 64.0 3.0 0.49
97.0 101.5 4.5 0.40
115.0 124.0 9.0 0.59
134.5 143.5 9.0 0.44
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As a reference, the Newmont / Buenaventura Yanacocha high sulphidation gold mine has an overall grade of 0.96 g/t Au and Barrick's Alto alto, singing voice the range of which is lower than the soprano by the interval of a fifth. More generally, the term refers to the register in which this voice sings, i.e. Chicama deposit grades 1.39 g/t Au. The Phase Three drill program currently in progress is designed to extend and confirm the continuity of the Central Zone, which covers an area of 800m by 300m, and to test additional target areas to the north and west of the Central Zone. 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 Sac: see Sac and Fox. SAC - 1. An early system on the Datatron 200 series. [Listed in CACM 2(5):16 (May 1959)]. 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. 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 strongly believes in an international best practices approach, and implements this on all its social and environmental decisions. Absolut has implemented a quality control program to ensure best practice. The required qualified person for the Pico Machay Gold Project is Mr. Dan Noone who is a member of the Australian Australian pertaining to or originating in Australia. Australian bat lyssavirus disease see Australian bat lyssavirus disease. Australian cattle dog a medium-sized, compact working dog used for control of cattle. Institute of Geoscientists. This press release contains forward looking statements. ABSOLUT RESOURCES CORP Exchange Tower, Suite 3680 Box 99, 130 King West Toronto, ON, Canada M5X 1B1 www.absolutresources.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 release. Absolut Resources Corp. (TSX VENTURE:ABS) |
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