Castillian Begins Drilling at Mangabal Project in Brazil.TORONTO -- CASTILLIAN RESOURCES CORP (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CT) and its partner Falconbridge Brasil are pleased to announce the commencement of a drilling program on the Mangabal nickel/copper project. The program calls for 4500 meters of NQ 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 on the first set of high priority targets identified during the phase one exploration program on the Mangabal North and South intrusives. The recently completed ground electromagnetic geophysical survey has identified anomalies in favorable host rocks where previous work encountered economic 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. (6.3 meters of 1.56% Ni, .75% Cu). Based on the interpretation of geophysical, geological and geochemical data collected during the first phase exploration, the targets on the Mangabal South and the Mangabal North mafic intrusives are expected to be nickel/coppers sulphides at shallow depth. The initial drill program is anticipated to consist of 25 holes in the 150 to 200 meter range. "The targets selected for this drilling campaign have a high probability of intersecting nickel/copper mineralization. The data collection and interpretation by the Falconbridge exploration team has identified these priority targets remarkably quickly and I am eagerly awaiting the results of the first phase drilling program" commented John Buckle, P.Geo. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Castillian Resources. Ongoing exploration with high-resolution ground and helicopter-borne geophysical detailing is defining additional targets in other mafic intrusive bodies within the JV's 1,300 sq. km. land holding covering the Mangabal mafic complex. Castillian Resources Corp. is a Canadian mineral exploration company listed on 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. . The company is focused on acquiring, exploring and developing nickel-copper, polymetallic and base metal deposits in Latin America. Inventories of base metals are diminishing at historical rates with a prognosis for ever increasing consumption. Although the Brazilian shield has potential for mining-camp scale base metal deposits, this region has rarely seen the application of modern exploration technology. Also largely overlooked, is the potential for volcanogenic vol·ca·no·gen·ic adj. Of volcanic origin. massive sulphide and polymetallic deposits in the Andean Cordillera cor·dil·le·ra n. An extensive chain of mountains or mountain ranges, especially the principal mountain system of a continent. [Spanish, from cordilla, diminutive of cuerda, cord . Recently restructured, Castillian Resources has targeted these potential resources, commencing with the high-profile Mangabal Joint Venture with Falconbridge Brasil Ltda. Castillian Resources Corp. (TSX VENTURE:CT) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion