EuroZinc Mining Corporation: Surface Drill Results from the Neves Orebody.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 the initial results from its surface drill program along the western edge of the Neves orebody. The Neves 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 intersections.
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Drill Inter- True
Hole From To val Width Ore Type Cu Pb Zn
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Metres Metres Metres Metres % % %
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SA13A 247.45 258.00 10.55 10.55 Massive 6.14 0.36 2.37
sulphide
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includes 249.00 258.00 9.00 9.00 7.01 0.18 1.93
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SA13B 257.30 292.80 35.50 35.50 Stockwork No Economic Metals
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SB13 257.80 262.05 4.25 4.25 Massive 0.57 0.92 2.43
sulphide
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includes 257.80 260.05 2.25 2.25 1.08 1.70 4.50
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SC13 - - - - - No Economic Metals
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NA15A - - - - - No Economic Metals
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NC05 323.50 327.00 3.5 3.5 Massive 1.96 1.27 4.55
sulphide
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ND07 307.50 319.25 11.75 11.75 Stockwork 0.28 1.67 0.20
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NE05 345.50 357.75 12.25 12.25 Massive 0.90 0.65 1.54
sulphide
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includes 348.00 352.00 4.00 4.00 1.18 0.94 3.06
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A plan map showing the location of these drill hole intersections is available on the company website at www.eurozinc.com. The most significant result to date is 10.55 metres (true width) grading 6.1% copper intersected in SA13A. This intersection is located 52 metres southeast of surface drill hole NA13 that intersected 5.20 metres grading 11.6% copper and 110 metres southeast of surface drill hole NB13 that intersected 4.35 metres grading 7.1% copper; both of these holes were drilled prior to EuroZinc acquiring the mine in June 2004. The contribution of these intersections will be included in the annual end of the year resource update. Holes NA15A, SA13B and SC13 did not intersect In a relational database, to match two files and produce a third file with records that are common in both. For example, intersecting an American file and a programmer file would yield American programmers. the targeted massive sulphide horizon and limit the western edge of the orebody at this location. These initial results are from a surface drill program designed to delineate the western edge of the Neves orebody, which has a strike length of over 1 km and varies from a few metres to over 20 metres in thickness. To date, 2,800 metres of a planned 4,000 metre drill program was completed during the period November 3rd to December 10th by Major Drilling Group International Major Drilling Group International (MDGI) is one of the largest drilling service companies in the world in the mining industry. The company is headquartered in Moncton, New Brunswick and has offices in Canada, the United States, South America, Central America, Asia, Africa and Ltd. The remaining part of the program will be completed by the end of January. In addition to the 4,000 metre surface program at Neves, a further 16,000 metres of surface drilling is planned for the Corvo and Lombador orebodies in 2006. This drilling is designed to identify new resources and drill results from this program will be released periodically as assay results are received. The Company has budgeted separately 19,000 metres of underground drilling to upgrade Inferred resources to the Indicated and Measured resource category. The majority of the underground drilling (11,000 metres) is planned for the lower Corvo deposit, with the remaining metreage split between Neves, Graca and Zambujal. A second drill rig from Major Drilling arrived in Portugal on December 27th and will be used 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 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 surface drilling planned in this program, 2,800 metres were completed 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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