Antares Mining preliminary results from the Black Cat oxide zone reserves and resources expanded.TORONTO--(BUSINESS WIRE)--July 5, 1995--Antares Mining and Exploration Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ANZ ANZ Australia and New Zealand ANZ Australia and New Zealand Banking Group Limited ANZ Air New Zealand (NZ national airline) ) -- Surface trenching in the oxides above the Black Cat sulphide sulphide: see sulfide. zone of Antares' Lady Lina property in Zimbabwe has yielded the following preliminary results: -0- Trench Oz. Au/Tonne Grams Au/Tonne Length (metres) ------ ------------ -------------- --------------- T1 0.06 1.98 17 T2 0.08 2.65 35 T3 0.10 3.18 15 T4 0.04 1.32 30 T5 0.04 1.09 26 A preliminary strike length of 110 metres has been estimated for the Black Cat oxidised Adj. 1. oxidised - combined with or having undergone a chemical reaction with oxygen; "the oxidized form of iodine" oxidized zone, while a preliminary grade based on trenching completed to date is 0.064 oz. (2 grams) gold/tonne. A resource of approximately 200,000 tonnes is inferred thus far, and the zone is open to the north. Heap leach tests are underway on the Black Cat oxide material. An oxide zone has been detected on surface above the Susanna South sulphide zone. During the quarter ended April 30, 1995, total underground reserves and resources on the Lady Lina property rose to 2,867,000 tonnes from 2,388,912 tonnes at the end of January, 1995, following 736 metres of underground development, 3,988 metres of surface drilling and 938 metres of underground drilling during the quarter. Underground reserves and resources are analyzed as follows:
Category Tonnes Oz. Au/Tonne
-------- ------ ------------
Proven Reserves 161,000 0.132
Probable Reserves 272,000 0.137
Measured and Indicated
Resources 2,434,000 0.151
---------
Total Reserves and
Resources 2,867,000
---------
---------
The proven and probable reserves are cut and fully diluted whereas the measured and indicated resources are uncut and undiluted in situ In place. When something is "in situ," it is in its original location. . The Lady Lina property is being developed in a joint venture with the Forbes and Thompson Group In mathematics, the term Thompson group or Thompson's group can refer to either
Antares is engaged in the development, acquisition and exploration of African gold deposits. CONTACT: Antares Mining and Exploration Corporation, Toronto Robert G. Yeoman yeoman (yō`mən), class in English society. The term has always been ill-defined, but generally it means a freeholder of a lower status than gentleman who cultivates his own land. , 416/861-9940; 416/861-0057 (fax) INDUSTRY KEYWORD: MINING REPEATS: 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 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion