Desert Sun Intersects Two High Grade Zones-8.40 g Au/t over 15.2 m and 9.29 g Au/t over 6.4 m-at Canavieiras Near the Jacobina Mine.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- 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 additional underground diamond drill results from the Canavieiras area at Jacobina, Brazil Brazil (brəzĭl`), Port. Brasil, officially Federative Republic of Brazil, republic (2005 est. pop. 186,113,000), 3,286,470 sq mi (8,511,965 sq km), E South America. . The drilling is being carried out to test three major target areas: 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 located between 50-100 metres below the existing mine workings; extensions of the reefs that were previously mined; and reefs above the mine workings. Significant results are listed in Table 1 and the target areas are shown in Figure 1. The former Canavieiras mine is located 3 km north of the processing plant and is located in a block bounded by faults that is approximately 1.2 km long and 400 metres wide. In 2005 to date, 12 holes totaling 1,516 metres have been completed to test reefs below the old workings and 12 holes totaling 471metres have been completed to test extensions of previously mined reefs. Results have been received from two (2) and nine (9) of the holes drilled in each of these target areas, respectively. Currently one surface drill rig and two underground rigs are operating at Canavieiras. Highlights of results include: Target Reefs below old workings - CAN-79 intersected 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. zones. The MU (Middle Unit) zone grading at 8.40 grams gold per tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. (7.84 g Au/t with highs cut to 30 g Au/t) over 15.2 metres and the LU (Lower Unit) zone grading at 9.29 g Au/t (7.75 g Au/t with highs cut to 30 g Au/t) over 6.4 metres. This surface hole intersected the reefs about 37m west and 22m north of CAN-13 drilled in 1997 which intersected 7.0 g Au/t over a true width of 24.0m; - CAN-71 intersected 1.70 g Au/t over a true width of 6.8m and 2.41 g Au/t over 4.4m. This hole is 55 m south of CAN-79 near the southern limit of the target reefs below the old workings. Target Reefs extending zones previously mined - CAN-71 intersected 4.49 g Au/t over 3.0m true width; - CAN-62 intersected 3.35 g Au/t over 7.0m true width; - CAN-67 intersected 7.62 g Au/t over 1.1m true width; and - CAN-61 intersected 4.72 g Au/t over 1.2m true width. "The drill results at Canavieiras, especially in the targets reefs below the old workings, continue to be very positive," stated Dr. Bill Pearson Pear·son , Lester Bowles 1897-1972. Canadian politician who served as prime minister (1963-1968). He won the 1957 Nobel Peace Prize for his role in the negotiation of a solution to the Suez crisis (1956). , P.Geo., Vice President, Exploration. "The 2004 and recent drilling along with a re-interpretation of the geology geology, science of the earth's history, composition, and structure, and the associated processes. It draws upon chemistry, biology, physics, astronomy, and mathematics (notably statistics) for support of its formulations. by Chief Geologist Anselmo Anselmo so assured of wife’s fidelity, asks friend to try to corrupt her; friend is successful. [Span. Lit.: Don Quixote] See : Curiosity Rubio indicates that the distribution of the high grade gold 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. in the target reefs both below and above the old workings is very similar to the distribution of gold ore in the reefs previously mined. Once the underground development heading that is being extended to allow enhanced drill access to the south is complete, we will be able to test if this trend of high grade mineralization continues to the south where the zones are completely open and there was very little previous drilling." Peter Tagliamonte, Vice President, Operations and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. added, "The continued positive results from the drilling program and the additional drilling planned will allow our mining team to better evaluate Canavieiras. It is also important to note that Canavieiras was not considered in our mining feasibility and we will be evaluating the exploration results carefully as this could potentially be a new mining area for Desert Sun." 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 exploration program. Desert Sun Mining is a Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. gold mining 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. with 100% ownership of the Jacobina Mine and the 155 km long Bahia Gold Belt in the state of Bahia, in northeastern Brazil. Proven and Probable mineral reserves are 14,378,000 tonnes at 2.12 g Au/t containing 980,000 ounces of gold. As a result of the Desert Sun's exploration programs to date, Measured and Indicated resources total 24,800,000 tonnes at 2.53 g Au/t containing 2,050,000 ounces of gold, and Inferred Resources total 22,200,000 tonnes at 2.61 g Au/t containing 1,900,000 ounces of gold. The mineral reserves are included within the 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 . For additional information, please see Desert Sun's website at www.desertsunmining.com. Desert Sun will hold a conference call on Wednesday April 20, 2005 to update investors on production activities, mine development programs and exploration results at the Jacobina Mine and on the Bahia Gold Belt in Brazil. Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. Humphrey, President and Chief Executive Officer; Peter Tagliamonte, Chief Operating Officer, Dr. Bill Pearson, Vice President, Exploration and Stephen Woodhead, Chief Financial Officer, will participate in this call. Date: Wednesday April 20, 2005 Time: 10:00 AM EDT Local Callers: 416-695-6120 North American Callers: 1-888-789-0089 International Callers: 1-416-695-6120 As well, the company will hold its Annual General and Special Meeting at 4:30 PM EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT on Wednesday April 20, 2005 at the National Club, 330 Bay Street, Toronto, Ontario. 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". This news release also uses the terms "measured resources", 'indicated resources' and 'inferred resources'. Desert Sun Mining Corp. advises investors that although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize them. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, 'inferred resources' have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for Preliminary Assessment as defined under 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
Table 1: Significant Drilling Results, Canavieiras Mine
Exploration Drill Holes testing MU and LU reefs in southern part of
Canavieiras Mine
Depth Below
True 570 Adit
Hole No. From (m) To (m) Gold Interval Width Reef Level(c)(m)
(g/t) (m) (m)
CAN71(b) N8758060 E335196 El 548
Dip -74
degrees/
Az equals
261
degrees 3.76 6.90 4.49 3.14 3.0 Piritoso 25
52.83 72.90 1.02 20.07 19.5 MU 80
Incl. 65.87 72.90 1.70 7.03 6.8 MU 85
97.40 101.90 2.41 4.50 4.4 LU 115
CAN79(a) N8758114 E335061 El 607
Dip -65
degrees/
Az equals
90
degrees 80.23 161.13 3.88 80.90 51.0 LU +MU 75
Highs cut
to 30 g/t 3.52
Incl. 80.23 92.90 14.57 12.67 8.0 MU 40
Highs cut
to 30 g/t 13.50
Incl. 80.23 104.32 8.40 24.09 15.2 MU 58
Highs cut
to 30 g/t 7.84
Incl. 151.03 161.13 9.29 10.10 6.4 LU 105
Highs cut
to 30 g/t 7.75
Definition Drill Holes testing Piritoso reef in northern end of
Canavieiras Mine
CAN59(b) N8758382 E335062 El 577
Dip -88
degrees/
Az 96
degrees no significant values
CAN60(b) N8758412 E335060 El 568
Dip -88
degrees/
Az 62
degrees no significant values
CAN61(b)N8758.467 E335045 El 562
Dip -86
degrees/
Az 217
degrees 0.00 1.25 4.72 1.25 1.2 Piritoso 7
CAN62(b) N8758468 E335046 El 564
Dip +42
degrees/
Az 90 N degrees
degrees 0.00 17.78 1.81 17.78 17.6 4? 9 above
N degrees
incl. 0.00 7.10 3.35 7.10 7.0 4? 2
CAN63(b) N8758488 E335036 El 563
Dip -88
degrees/
Az 226
degrees no significant values
CAN64(b) N8758506 E335046 El 556
Dip -86
degrees/
Az 148
degrees 0.78 1.34 4.03 0.56 0.5 Piritoso 15
CAN65(b) N8758586 E335040 El 550
Dip -90
degrees/
Az 194
degrees 0.00 5.13 1.15 5.13 4.8 Piritoso 23
incl. 3.64 5.53 1.88 1.89 1.8 Piritoso 24
CAN66(b) N8758552 E335.048 El 547
Dip -90
degrees/
Az 172
degrees no significant values
CAN67(b) N8758548 E335053 El 546
Dip -45
degrees/
Az 144
degrees 1.20 2.41 7.62 1.21 1.1 Piritoso 26
(a) holes are NQ diamond drill core size
(b) holes are LTK48 diamond drill core size
(C) depth calculated based on midpoint of intersection
Please note: There is a map available on CCNMatthews' website at the following link: http://www2.ccnmatthews.com/database/fax/2000/dez0420.pdf Desert Sun Mining Corp. (TSX:DSM) (AMEX:DEZ) |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion