EuroZinc Mining Corporation: Drilling Continues to Intersect High Grade Copper and Zinc at Zambujal.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 -- EuroZinc Mining Corporation (the "Company") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :EZM) is pleased to announce selected high grade copper - zinc intersections from its underground infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. drill program on the undeveloped Zambujal orebody. The Zambujal orebody is one of five polymetallic massive sulphide sulphide: see sulfide. orebodies comprising the company's wholly owned Neves-Corvo mine in southern Portugal. The following table highlights the selected intersections:
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Drill From To Interval Width Cu Pb Zn
Hole Section Metres Metres Metres Metres % % %
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FZ328 18.5 77.0 94.0 17.0 15.0 5.17 0.18 1.58
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FZ313 18.5 101.0 131.0 30.0 24.0 14.68 0.20 11.91
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FZ319 18.5 93.0 111.0 18.0 18.0 17.16 0.44 13.61
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FZ322 18.5 73.0 107.0 34.0 34.0 15.28 0.26 6.56
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FZ327 18.5 89.0 106.0 17.0 17.0 13.45 0.27 5.80
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FZ330 18.5 99.0 119.0 20.0 18.0 8.92 0.28 4.77
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FZ320 19 105.0 119.0 14.0 14.0 5.75 0.28 1.28
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FZ324 19 114.0 117.0 3.0 3.0 7.85 0.32 3.34
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For a complete table of drill intersections, plan map and section, please visit the company website at www.eurozinc.com. The infill drill program, while focussed on upgrading Inferred resources to the Indicated category, has identified high grade copper - zinc zones within this orebody. This is exemplified on Section 18.5 where two widely (290 metres) spaced surface drill holes intersected 5.6 metres grading 3.4% copper and 1 metre grading 3.2% copper, respectively. Underground infill drilling on this section between the two surface drill holes has identified a thick and high grade polymetallic zone that averages 21 metres in true thickness and grades 13.1% copper and 7.6% zinc. This newly identified high grade zone is expected to raise the overall tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. , as well as the copper and zinc grades of the zone, and it is expected to contribute to an overall higher mill head grade when it is scheduled for production. Similar examples of identifying thicker and higher grade zones tested by widely spaced surface drill holes are documented elsewhere on the Neves-Corvo property. The Lombador orebody, tested only by wide-space surface drilling to date, has excellent potential to discover high-grade copper and/or zinc zones similar to those described above with additional infill drilling. The Zambujal orebody is located above the main haulage level in the mine and as a result the ore will not need to be handled by the underground conveying system. At present it is estimated that the current mineral resource at Zambujal will provide at least 10% of Neves-Corvo's copper production for the next 10 years. The contribution of this orebody will be determined when this phase of the drilling program is finished and the year-end mineral resource estimate is completed. The Company has also recently begun a surface mine site drill program with a drill rig and crews from Major Drilling International Group to identify new resources along the largely open edges of the Neves-Corvo deposit. Initial drilling is focused on the western edge of the Neves orebody, which has a strike length of over 1 kilometre and varies from 5 to 20 metres in thickness. The surface drill program has been budgeted at 20,000 metres and will include drilling at the Corvo and Lombador orebodies, in addition to the drilling at Neves. Drill results from this program will be released periodically as assay results are received. A second drill rig from Major Drilling is scheduled to arrive in Portugal by the end of 2005 to test regional exploration targets on the Malhadinha exploration concession and four other exploration concessions that are well advanced in the permitting process with the Portuguese government. These four concessions and the Malhadinha concession total approximately 2,700 square kilometres Square kilometre (U.S. spelling: square kilometer), symbol km², is a decimal multiple of the SI unit of surface area, the square metre, one of the SI derived units. 1 km² is equal to:
adj. Of volcanic origin. hosted massive sulphide 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 in the world. In addition to the 20,000 metres of drilling planed for the Neves-Corvo mine site exploration, the Company has budgeted a further 26,000 metres to systematically test targets identified on these concessions. In total, US$10 million has been budget for mine-site and regional exploration programs in 2006. Of the 46,000 metres of drilling planned in this program, 3,000 metres are expected to be complete by the end of 2005 and the balance is planned for 2006. EuroZinc Mining Corporation is a Canadian based company engaged in the acquisition, exploration, development and mining of base metal deposits internationally. Garnet L. Dawson, P.Geo. is Vice-President of Exploration for EuroZinc Mining Corporation and the designated Qualified Person. Drill core samples are analyzed at the company's fully accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. 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. 17025 mine site laboratory by x-ray fluorescence X-ray fluorescence (XRF) is the emission of characteristic "secondary" (or fluorescent) X-rays from a material that has been excited by bombarding with high-energy X-rays or gamma rays. (copper, lead, zinc, sulphur, iron, tin, arsenic arsenic (är`sənĭk), a semimetallic chemical element; symbol As; at. no. 33; at. wt. 74.9216; m.p. 817°C; (at 28 atmospheres pressure); sublimation point 613°C;; sp. gr. (stable form) 5.73; valence −3, 0, +3, or +5. , antimony antimony (ăn`tĭmō'nē) [Lat. antimoneum], semimetallic chemical element; symbol Sb [Lat. stibium,=a mark]; at. no. 51; at. wt. 121.75; m.p. 630.74°C;; b.p. 1,750°C;; sp. gr. (metallic form) 6. and bismuth bismuth (bĭz`məth) [Ger. Weisse Masse=white mass], metallic chemical element; symbol Bi; at. no. 83; at. wt. 208.9804; m.p. 271.3°C;; b.p. about 1,560°C;; sp. gr. 9.75 at 20°C;; valence +3 or +5. ), electrogravimetry (copper), or atomic absorption (zinc, silver, mercury). Samples with greater than 2.00% copper are re-analyzed by electrogravimetry and greater than 2.50% zinc are re-analyzed by atomic absorption. Certain of the information contained herein constitutes "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 Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995 of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of EuroZinc Mining Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, metal price volatility, economic and political events affecting metal supply and demand, fluctuations in ore grade Ore grade is a measure that describes the concentration of a valuable natural material (such as metals or minerals) in its surrounding ore. Ore grade is used to assess the economic feasibility of a mining operation: the cost of extracting a natural material from its ore is directly , tonnes of ore milled, geological, technical, and mining or processing problems. Although EuroZinc Mining Corporation has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause actual results not to be anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, prospective investors should not place undue reliance on forward-looking statements. The TSX has not reviewed and does not accept responsibility for th e adequacy or the accuracy of this release. EuroZinc Mining Corporation (TSX:EZM) |
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