Casmyn reports encouraging drilling results from the Turk Mine.ZIMBABWE Zimbabwe, ruined city, Zimbabwe Zimbabwe (zĭmbäb`wā) [Bantu,=stone houses], ruined city, SE Zimbabwe, near Fort Victoria. It was discovered by European explorers c. , South Africa--(BUSINESS WIRE)--June 25, 1996--Casmyn Corp. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :CMYN) announces the receipt of encouraging drilling results from its 100 percent owned Turk Mine Turk Mine is a village in the province of Matabeleland North, Zimbabwe. It is located about 56 km north-east of Bulawayo. The village grew up around a gold mine of the same name and serves as an administrative centre for the surrounding mining and ranching area. in Zimbabwe. The mine has historically produced over 400,000 ounces of gold, with significant proportions of the ore body being left behind as a result of insufficient geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. evaluation, data interpretation, and the utilization of visual methods of grade control. The latest results from the Turk underground drilling are as follows. -0-
Hole No. Depth Below Surface Intersection Width Grade
Meters Meters Feet Grams/ Ounces/
Tonne Ton
0-7-3 199 3.33 10.9 42.51 1.241
1E-7-1 199 0.98 3.2 5.04 0.147
0-7-2 170 0.85 2.8 5.00 0.146
173 1.37 4.5 19.31 0.564
181 1.13 3.7 7.84 0.229
185 0.88 2.9 9.10 0.266
187 0.87 2.8 4.50 0.131
2W-10-1 253 3.04 9.9 8.73 0.255 0-11-1 305 3.89 12.8 5.79 0.168
3-W-11 291 1.63 5.3 4.97 0.145
292 0.98 3.2 9.32 0.272
295 1.72 5.6 7.75 0.226
297 1.20 3.9 3.57 0.104
302 0.57 1.9 6.60 0.193
1E-12-3 334 1.33 4.4 3.93 0.115
357 2.50 8.2 14.34 0.419
365 1.87 6.1 4.48 0.130
371 1.67 5.5 4.14 0.121
386 0.99 3.2 5.60 0.164
1W-12-1 306 2.30 7.5 23.77 0.693 2E-12-1 332 1.15 3.8 6.30 0.184 The Turk Mine ore body represents a number of parallel, shear shear: see strength of materials. Shear A straining action wherein applied forces produce a sliding or skewing type of deformation. hosted bodies that were mined discontinuously, down to 28 level (800 meters or 2,600 feet) below surface drilling targets. The tabulated intersections represent diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral within the confines con·fine v. con·fined, con·fin·ing, con·fines v.tr. 1. To keep within bounds; restrict: Please confine your remarks to the issues at hand. See Synonyms at limit. of the "Old Turk Mine." Drilling was conducted from accessible old development drives between 7 to 12 levels. The drilling was primarily aimed at the footwall foot·wall n. Geology 1. The mass of rock underlying a mineral deposit in a mine. 2. The underlying block of a fault having an inclined fault plane. target area of the mine. Drill intercepts mostly represent vertical or lateral lateral /lat·er·al/ (-il) 1. denoting a position farther from the median plane or midline of the body or a structure. 2. pertaining to a side. lat·er·al adj. 1. continuations of the developed ore bodies as well as previously undiscovered parallel ore zones. Drilling of the hanging wall target area has not yet commenced. The total proven, probable and possible reserves at the company's gold mines in Zimbabwe is currently estimated at 5.0 million ounces of gold. The above drill data further strengthens confidence in the ore reserve estimates. Further drilling results will be released in the near future. CONTACT: Martin E. Janis & Co. Inc., Chicago Elliott Jacobson, 312/943-1100, 312/943-3583 (fax) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion