Desert Sun Identifies Major New Zone At Morro Do Vento Extension.TORONTO -- DESERT SUN MINING CORP. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DSM 1. DSM - Data Structure Manager. An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. ) (AMEX AMEX See: American Stock Exchange :DEZ DEZ Dezember (German: December) DEZ Disease Eradication Zone DEZ Death Egg Zone (Sonic 2/3 & Knuckes level) DEZ Di-Ethylzinc ) has received surface diamond drill results from the Morro do Vento Extension ("MVTE") area, located immediately north of the processing plant at the Jacobina Mine area, on the Bahia Gold Belt in Northeastern Brazil (see Figure 1). Highlights include: - Hole MCZ-83 intersected 4.94 g Au/t over a true width of 12.6m and Hole MCZ-79 intersected 3.17 g Au/t over 9.8 m, both in the Main Reef - Hole MCZ-81 intersected 2.84 g Au/t over a true width of 13.8m and Hole MCZ-80 intersected 2.13 g Au/t over a true width of 15.1m, both in the Basal basal /ba·sal/ (ba´s'l) pertaining to or situated near a base; in physiology, pertaining to the lowest possible level. ba·sal adj. 1. Reef The two conglomerate conglomerate, in business conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. reefs known as the Basal and Main Reefs that were intersected in the new drill holes are the northern extension of the same reefs in the Morro do Vento area that were previously mined. The Main Reef in the MVTE is a major new extension that potentially could be up to 1 km in strike length while the results from the Basal Reef confirm the downdip continuity below current measured and indicated mineral resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature . As shown in Figure 2, a cross section, these reefs are about 50m apart and approximately 200 metres stratigraphically below the Intermediate Reefs that are being explored for their open pit potential at Morro do Vento. The Intermediate Reefs are stratigraphically equivalent to the main conglomerate zone at the Jacobina Mine which is currently being reactivated by DSM. Dr. Bill Pearson, P.Geo., Vice President, Exploration stated: "These results are very positive as they indicate another major target zone with the potential to outline significant higher grade resources close to existing underground workings." Past production from the Basal and Main Reefs in both the Morro do Vento and MVTE areas totaled 2,036,634 tonnes at a recovered grade of 4.14 g Au/tonne containing 271,046 ounces of gold. Of the total past production, about 72% came from the Main Reef zone, however no previous production is recorded from this reef in the MVTE area. The Basal Reef in the MVTE contains measured and indicated mineral resources of 2,148,000 tonnes at 2.75 g Au/t containing 190,000 ounces of gold and an inferred mineral resource of 645,000 tonnes at 2.67 g Au/t containing 55,000 ounces of gold as previously reported (see press release of August 25, 2003 and NI 43-101 report by Micon International dated August 2003). Historic underground and surface diamond drill holes that tested the Basal Reef also intersected the Main Reef target zone area however most drill core in this zone was not previously assayed because of the predominantly structural style of the 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. . This core is now being sampled as part of the current program.
Table 1: Significant Drilling Results, Morro do Vento Extension
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Hole From To Gold Interval True Reef/ Depth
No.(a) (m) (m) (g/t) (m) Width Zone Below
(m) Surface
(b) (m)
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MORRO DO VENTO EXTENSION (CUSCUZ)
MCZ-79 N8755332 E334888 El 673
dip -58
degrees 348.15 349.68 2.32 1.53 1.4 Satellite 430
462.48 484.48 1.68 22.00 20.0 Main-FW 510
incl. 462.48 473.25 3.17 10.77 9.8 Main 505
MCZ-80 N8755397 E334.869 El 689
dip -48
degrees 371.35 374.42 2.86 3.07 3.0 Main 410
389.04 402.97 1.33 13.93 13.8 FW 420
427.86 443.09 2.13 15.23 15.1 Basal 450
MCZ-81 N8755332 E334888 El 673
dip -42
degrees 357.89 362.22 2.70 4.33 4.2 Main 310
415.05 438.91 2.21 23.86 23.1 Basal 393
incl. 424.65 438.91 2.84 14.26 13.8 Basal 396
MCZ-83 N8755290 E334882 El 664
dip -48
degrees 415.43 428.69 4.94 13.26 12.6 Main 400
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(a) all holes are NQ diamond drill core size and have been drilled
perpendicular to the north-south strike of the zones.
(b) depth calculated based on midpoint of intersection
Assaying for the program was carried out by Lakefield Geosol, an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001, 2000 laboratory based in Brazil, using fire assay on 50 gram pulps. Check assaying is routinely carried out, by 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 in Vancouver, on 10% of sample pulps and 5% of sample rejects. Independent standard reference samples are also inserted at regular intervals into each batch of analyses. Security is maintained at the core logging and sampling facility. Dr. Bill Pearson, P.Geo. is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the program. Statements in this release that are not historical facts are "forward-looking statements 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. " within the meaning of the U.S. 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. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements". Desert Sun Mining is a Canadian gold exploration and development company listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . (www.desertsunmining.com). NOTE: There are two Maps available on CCNMatthews' website at: http://www2.cdn-news.com/database/fax/2000/map1.doc http://www2.cdn-news.com/database/fax/2000/map2.doc Desert Sun Mining Corp. (TSX:DSM) (AMEX:DEZ) |
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