Battle Mountain Gold Co. sees expanding gold potential at Vera; announces Irian Jaya nickel discovery.HOUSTON--(BUSINESS WIRE)--Jan. 16, 1996--Battle Mountain Gold Co., together with its 50 percent partner PosGold Operations Pty Ltd PTY LTD Propriety Limited (company structure in Australia) ., Tuesday said work on the Vera gold deposit near its Pajingo mine in Queensland, Australia, is continuing to expand a zone of high-grade 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. . BMG BMG Bundesministerium für Gesundheit (Germand: Federal Ministry for Health) BMG Be My Girl BMG Blue Man Group BMG Bertelsmann Music Group BMG Be My Guest BMG Browning Machine Gun BMG Bulk Metallic Glass Chairman Karl E. Elers noted that the partners have now identified at least two significant gold prospects along a 3.5 kilometer newly identified shear structure. The Vera mineralization has been intersected over a vertical interval Difference in altitude between two specified points or locations, e.g., the battery or firing ship and the target; observer location and the target; location of previously fired target and new target; observer and a height of burst; and battery or firing ship and a height of burst, etc. of 170 meters and a strike length of 150 meters, with mineralization open on strike to the west, and to depth. The mineralization has an average true width of 7 meters at an average grade of 19.8 grams per tonne, based on 15 drill-hole intercepts to date. The Nancy prospect, located some 500 meters northwest, and on strike with Vera, has returned preliminary drill results from four drill holes indicating the potential for significant gold mineralization over a 280 meter strike length on what appears to be the Northwest extension of the Vera structure. Mineralization at Nancy is open in both directions along strike and with depth. Drilling on both prospects is in progress, with priority testing of the 500 meter gap on the shear structure between Vera and Nancy. Other drilling targets identified along the 3.5 kilometer structure will be tested this year. In addition, Elers said BMG, together with its joint venture partner, P.T. Mutiara Iriana Minerals, has discovered an area of lateritic lat·er·ite n. A red residual soil in humid tropical and subtropical regions that is leached of soluble minerals, aluminum hydroxides, and silica but still contains concentrations of iron oxides and iron hydroxides. nickel mineralization at its Siduarsi prospect in Irian Jaya Irian Jaya, province, Indonesia: see Papua. , Indonesia. A broad area of lateritic mineralization, measuring one-half to 4 kilometers wide by 9 kilometers long, has been outlined by 110 shallow auger holes returning average grades of 0.92 percent nickel and .08 percent cobalt over an average thickness of 2.7 meters. Within this 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, assays have been received for the first nine of a planned 20-25 shallow core holes currently being drilled to assess the depth and grade potential of this deposit. Outlining an area of about 10 square kilometers, all nine of these widely spaced holes intersected significant mineralization within 9 meters of the surface, returning average grades of 1 percent nickel and 0.05 percent cobalt over an average thickness of 6.78 meters. Projecting this thickness across the currently drilled 10 square kilometer area infers a potential 65 to 70 million tonnes of mineralization, with ample space within the larger auger indicated area of lateritic mineralization to more than double this potential. Elers noted that significant additional work will be needed to define the potential of both of these discoveries. CONTACT: Battle Mountain Gold Co., Houston Les Van Dyke Van Dyke (or van/Van Dijk or Dyk etc) is a surname of Dutch origin. It refers to:
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion