China NetTV Holdings Inc. Announces Drill Results for its Xietongmen Gold-Copper Property in Tibet, China.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 9, 2004 China NetTV Holdings Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CTVH) reports significant results from its Xietongmen Gold-Copper Property in Tibet, China. China NetTV Holdings Inc. (the "Company") is pleased to report assay results for drill-hole ZK0701 at its Xietongmen Gold-Copper Property (the "Property") in Tibet, China. To-date, the Company has drilled two holes ZK0301 & ZK0701 on the Property in a continuing program to test the quality, grade and continuity of gold-copper 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. within the property boundary. The results of drill-hole ZK0301 were reported in a Company press release dated December 4, 2003. Drill-hole ZK0701 located approximately 300 meters southeast of drill-hole ZK0301, was drilled to a depth of 302.85 meters. -- The entire 206.5 meter interval, from 25.4 meters to 231.90 meters in drill-hole ZK0701 assayed 0.68% copper and 1.43 g/t gold. -- The 92.65 meter interval, from 25.40 meters to 118.05 meters reported a grade of 1.02% copper and 1.96 g/t gold. Drill-hole data and assay results for ZK0701 are reported in Table I.
Table I Xietongmen ZK0701 drill hole results
--------------------------------------------------------------------
Drill From To Interval Au Cu CuEQ
Type Hole (metres) (metres) (metres) g/t % %
--------------------------------------------------------------------
DDH ZK0701 25.40 231.90 206.50 1.43 0.68 1.59
--------------------------------------------------------------------
DDH ZK0701 Incl. 25.40 118.05 92.65 1.96 1.02 2.27
--------------------------------------------------------------------
Notes: -- g/t equals grams per metric tonne -- DDH DDH Decision Diffie-Hellman DDH Developmental Dysplasia of Hip DDH Dorothy Day House DDH Document Drafting Handbook DDH Dublin Dental Hospital DDH Destroyer-Carrying Helicopter DDH Dissociated Double Hypertropia equals diamond drill hole -- CuEQ equals Cu % + (Au g/t x 11.25/17.64); Copper equivalent calculations use metal prices of US$350/oz for gold and US$0.80/lb for copper. Adjustment factors to account for differences in relative metallurgical recoveries for gold and copper will depend upon the completion of definitive metallurgical testing. -- Core samples from drill-hole ZK0701 are air freighted to ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex Laboratory in Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , Canada. -- The samples are assayed by fire assay fusion for gold and aqua regia acid digestion for copper, both analyzed by atomic absorption spectroscopy Absorption spectroscopy refers to a range of techniques employing the interaction of electromagnetic radiation with matter. (Spectroscopy is a word that has come to denote an even wider variety of techniques used in physics and chemistry. at the ALS Chemex Laboratory. The Property is located between the Gangdisi Mountains and Brahmaputra River Brahmaputra River River, Central and South Asia. From its headsprings in the Tibet Autonomous Region of China (as the Yarlung River), it flows across southern Tibet to break through the Himalayas in great gorges (where it is known as the Dihang). , in an area of moderate to gentle relief, approximately 240 kilometres southwest of Lhasa, Capital of Tibet. A highway and hydro electric transmission line traverse the southern edge of the Property providing basic infrastructure. The deposit consists of porphyry-like, disseminated and quartz stockwork mineralization. Geochemical surveys have outlined a 4 kilometre long alteration zone that has been tested by two vertical diamond drill holes, separated by a 200 metre long underground adit. Drill holes samples and adit samples returned strong gold-copper assays. Near surface mineralization suggests that the deposit may be amenable to open-pit mining Open-pit mining, also known as opencast mining, refers to a method of extracting rock or minerals from the earth by their removal from an open pit or borrow. . This gold-copper mineralization remains open in all directions. The Company has entered into an agreement with Hunter Dickinson, Inc. for further exploration and development of this Property which will be the subject of a large scale, multi-rig drilling program being planned by the Company and its venture partner. On Behalf of the Board of Directors Ronald Xie, 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. Any forward-looking statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this press release is made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors, product prices and changes in international and local markets, as well as the inherent risks of the mining related business. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion