Desert Sun Updates Drilling at Pindobacu and Outlines New Area Of Conglomerates In Bahia Gold Belt, Brazil.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 results of further drilling and exploration work in the northern portion of the Bahia Gold Belt in northeastern Brazil (Figure 1). Thus far in 2005, an additional eight (8) diamond drill holes totaling 1,385m have been completed in the Pindobacu area with assay results received from six (6) of these holes as shown in Table 1. In addition, Fugro-Lasa-Geomag completed 50 line kilometres of induced polarization Induced polarization (IP) is a geophysical imaging technique used to identify subsurface materials, such as ore. The method is similar to electrical resistivity tomography, in that an electric current is induced into the subsurface through two electrodes, and voltage is geophysical survey Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. over a number of target areas and priority anomalies, identified from this survey, will be drill-tested later in the program. Detailed geological mapping and soil geochemical sampling continue to be carried out to better characterize the extensive 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. system in the Pindobacu area. Holes PB-05 to PB-07 at Pindobacu were on an east-west section designed to both followup Hole PB-02, which intersected 5.46 g Au/t over a true width of 21.9m as previously reported (see press release January 15, 2005) and to characterize the nature of the faulted contact between the Archean Mundo Novo Mundo Novo is a small town and municipality in northeastern Goiás state, Brazil.
See also: Volcanic and the silicified si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. Proterozoic Jacobina Group quartzites in which most of the 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. appears to occur. Hole PB-05, drilled 28m up-section from PB-02, intersected 0.74 g Au/t over an 18.0m true width in a strongly silicified and oxidized oxidized having been modified by the process of oxidation. oxidized cellulose see absorbable cellulose. zone. Hole PB-06A, a redrill of Hole PB-6 which was lost to caving, intersected 6.57g Au/t over a true width of 1.9m, 57m below PB-02 before this hole was also lost to caving. The complete zone was penetrated by Hole PB-06B; assays for this hole are pending. Hole PB-07 was the deepest hole drilled and intersected a strongly silicified zone with several intervals of gold mineralization including 2.65 g Au/t over 4.4m true width. Hole PB-04, which was collared 80m south of hole PB-02, intersected 0.51 g Au/t over 15.9m true width in a strongly silicified and oxidized zone. These holes, which are shown in plan in Figure 2 and in cross section in Figure 3, indicate that the silicified and mineralized zone is approximately 50 metres thick and is along an extensive regional thrust fault that extends to a depth of at least 170m. Regional geological mapping (Figure 1) indicates that the gold garimpos (free miner workings) associated with this structure extend for a strike length of 38km from Biquinha, 23km south of the town of Pindobacu, to Fumaca, 15km north of Pindobacu. "This drilling continues to confirm that the regional Pindobacu Fault system, which forms the eastern boundary of the Jacobina Basin, is a major focus of hydrothermal hydrothermal, hydrothermic relating to the temperature effects of water, as in hot baths. alteration and mineralization," commented Dr. Bill Pearson, P.Geo., Vice President, Exploration. "Further drilling and additional geophysical surveys planned will focus on better defining the controls on the distribution of gold mineralization along this very extensive belt." Major New Area of Conglomerates Identified North of Pindobacu Dr. Paul Karpeta, an expert on Precambrian quartz pebble conglomerate-hosted gold deposits with extensive experience working on deposits in Witwatersrand, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. and Tarkwa, Ghana Tarkwa is a town in the southwest of Ghana, located about 120 miles west of Accra. As of 2005, it was estimated to have a population of 40,397. Transport Tarkwa is a junction on the Ghanaian Railways. , recently carried out a study of the Jacobina basin in an attempt to identify additional entry points outside of the Jacobina Mine area. Entry points are the areas in a basin where major streams carry and deposit sediments into the basin and are typically marked by the thickest conglomerates with the largest pebbles. This work, which was done in close collaboration with DSM personnel led by senior geologist Pedro Moura de Macedo de Macedo may refer to:
n. The study of rock strata, especially the distribution, deposition, and age of sedimentary rocks. strat sequence is actually exposed. Dr. Karpeta concludes that the Jacobina Basin has been subdivided by cross structures into major compartments, which controlled sedimentation in those compartments. One such cross structure is marked by a prominent lineament lin·e·a·ment n. 1. A distinctive shape, contour, or line, especially of the face. 2. A definitive or characteristic feature. about 6km south of the town of Pindobacu, north of which is the Pindobacu Compartment and to the south is the Jacobina Compartment. Each of these compartments will have a different stratigraphy stratigraphy, branch of geology specifically concerned with the arrangement of layered rocks (see stratification). Stratigraphy is based on the law of superposition, which states that in a normal sequence of rock layers the youngest is on top and the oldest on the and hence different auriferous au·rif·er·ous adj. Containing gold; gold-bearing. [From Latin aurifer, gold-bearing : aurum, gold + -fer, -fer. conglomerates. Typically, within each compartment there is usually one entry point marked by the thickest conglomerates with the biggest pebbles and typically are the richest conglomerates. Dr. Karpeta concluded that these entry points occur around the Jacobina Mine Area in the Jacobina Compartment and potentially around Mina Velha, 5km northwest of Pindobacu, in the Pindobacu Compartment (Figure 1). "The findings of Dr. Karpeta's study are very significant as conglomerates are important hosts for gold mineralization in the Bahia Gold Belt," commented Dr. Pearson. "Initial induced polarization surveys in this newly recognized area of conglomerates have outlined targets that appear to be strongly silicified rocks with disseminated sulphides. In the near future, we are planning to drill a section of holes across this area to test the potential for significant gold mineralization." 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 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. 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 Humphrey, President and Chief Executive Officer; Peter Tagliamonte, 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. , 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" 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: Drilling Results
Table 1: Significant Drilling Results, Pindobacu Area, Bahia Gold Belt
Depth
True Below
Hole From To Gold Interval Width Surface(b)
No.(a) (m) (m) (g/t) (m) (m) (m)
Pindobacu (50km north of Jacobina)
PB 01 N8812051 E348976 El 597
Dip -50
degrees/
az equals
270 degress 1.00 1.40 0.70 0.40 0.3 1
14.75 20.55 0.54 5.80 3.7 13
PB-04 N8811849 E348920 El 641
Dip -49
degrees/
Az equals
271
degrees 43.07 62.50 0.51 19.43 15.9 47
incl. 43.07 46.07 1.30 3.00 2.5 39
incl. 61.13 62.50 1.38 1.37 1.1 59
PB-05 N8811952 E348905 El 633
Dip -45
degrees/
'Az equals
268
degrees 28.98 47.30 0.78 18.32 18.1 32
incl. 28.98 32.70 1.00 3.72 3.7 25
incl. 40.90 47.30 1.17 6.40 6.3 37
PB-06 N8811952 E348973 El 618
Dip -48
degrees/
Az equals
269
degrees 85.89 86.70 23.07 0.81 0.6 81
105.40 105.85 2.08 0.45 0.3 99
118.56 122.85 4.16 4.29 3.0 113
incl. 120.21 122.85 6.57 2.64 1.9 114
Hole lost due to caving at 123.10
PB-06A N8811952 E348973 El 618
Dip -50
degrees/
Az equals
270
degrees 86.17 86.62 1.57 0.45 0.3 81
98.95 100.98 2.41 2.03 1.4 94
incl. 99.99 100.98 4.72 0.99 0.7 94
Hole lost due to caving at 114.00
PB-07 N8811950 E349025 El 595
Dip -50
degrees/
Az 270
degrees 99.98 100.80 1.35 0.82 0.8 99
132.52 132.98 2.90 0.46 0.5 128
141.38 145.80 2.65 4.42 4.4 138
155.76 156.07 8.82 0.31 0.3 150
172.80 182.26 0.52 9.46 9.4 170
(a) all holes are NQ diamond drill core size
(b) depth calculated based on midpoint of intersection
To view the Geological and Major Target Areas - Pindobacu maps please click the link below: http://www2.ccnmatthews.com/database/fax/2000/dsm20419.pdf Desert Sun Mining Corp. (TSX:DSM) (AMEX:DEZ) |
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