Arequipa Resources - Pierina tunnel assays.VANCOUVER, British Columbia--(BUSINESS WIRE)--April 1, 1996-- AREQUIPA RESOURCES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : AQP AQP Aquaporin (family of membrane channel proteins) AQP Association for Quality and Participation AQP Advanced Qualification Program (aviation) AQP Arequipa, Peru - Rodriguez Ballon ) Arequipa Resources Ltd. ("the Company") is pleased to announce results from further underground sampling at the Pierina project in north central Peru. Two tunnels are currently being driven to gain information on the geology and mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. of the deposit at depth. Previous results confirmed grades to 54 meters averaging 4.62 g/t gold. The most recent results from the first and second tunnel are as follows. -0- TUNNEL #1 Tunnel Depth Grade 54 - 56 meters 4.12 g/t gold 56 - 58 meters 3.06 g/t gold 58 - 60 meters 3.36 g/t gold 60 - 62 meters 4.20 g/t gold Weighted average 3 - 62 meters 4.49 g/t gold. Weighted average silver grade 3 - 62 meters is 119 g/t. The above grades are consistent with a pit near the entrance to the tunnel which assayed 3.60 g/t gold in bedrock. The tunnel is currently at 71 meters, or approximately 50 meters below the surface, and appears to be continuing in mineralization. The Company plans to extend this tunnel as far as possible with the equipment currently on site. A second tunnel has been started in the main mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. area, approximately 200 meters south and slightly east of the present tunnel. This tunnel is presently at slightly more than 18 meters, but ground conditions are still too unstable unstable, adj 1. not firm or fixed in one place; likely to move. 2. capable of undergoing spontaneous change. A nuclide in an unstable state is called radioactive. An atom in an unstable state is called excited. to blast, as the final unsupported portion of the tunnel could cave. Once more competent rock is encountered blasting will ensure faster headway head·way n. 1. Forward movement or the rate of forward movement, especially of a ship. 2. Progress toward a goal. 3. The clear vertical space beneath a ceiling or archway; clearance. 4. , with results available in a more timely manner. TUNNEL #2 Tunnel Depth Grade 0 - 6 meters Colluvium - not assayed 6 - 8 meters 1.40 g/t gold 8 - 10 meters 2.96 g/t gold 10 - 12 meters 3.28 g/t gold Weighted average 6 - 12 meters 2.55 g/t gold, 113 g/t silver. Road construction has commenced and the first 1.8 kilometers of the five needed for drill access have been completed. It is estimated that the road will be finished within three weeks and that drilling will commence in late April or early May. Arequipa Resources Ltd. is a mineral exploration and development company focused on the acquisition and development of gold and copper properties in Peru. The Company's shares trade on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol AQP. ON BEHALF OF THE BOARD OF DIRECTORS Ms. Catherine McLeod President CONTACT: Arequipa Resources Ltd., 604/684-0003 604/684-0007 (Fax) |
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