First Quantum Cuts 64 Metres Grading 7.49% Copper at Lonshi Copper Mine.Business Editors VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--Nov. 13, 2002 First Quantum Minerals First Quantum Minerals Ltd. is a growing mining and metals company whose principle activities include mineral exploration, development and mining. The Company produces LME grade "A" copper cathode, copper in concentrate, gold and sulphuric acid. Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :FM) (LSE LSE - Language Sensitive Editor :FQM FQM Fédération Québécoise des Municipalités (Canada) FQM Fédération Québécoise des Massothérapeutes FQM Food Quality Management FQM Fundamental Query and Manipulation FQM Field Quality Management ) is pleased to report results from the 2002 drilling campaign at the Company's 100% owned Lonshi copper mine. The drill program was designed to convert resources from the indicated category to the measured category and test both the strike and down dip dip, in agriculture, method of treating animals (chiefly livestock) infested with skin parasites such as mites, ticks, and warbles. The animal is dipped into or forced to swim through a tank filled with an insecticide solution. extension of the Lonshi orebody. The program consisted of 49 drill holes (43 reverse circulation, 6 diamond core holes) totaling 3,440 metres. Drilling Highlights Significant drill intersections are shown below. A drill plan map, 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. map, cross section and long section can be reviewed at www.first-quantum.com.
Key: BMCL = reverse circulation drill holes,
LDD = diamond core drill holes
-------------------------------------------------------------
Total AsCu
From To Intersection Copper Copper
Hole (metres) (metres) (metres) (%) (%)
-------------------------------------------------------------
BMCL200 58 94 36 7.72 7.19
-------------------------------------------------------------
BMCL201 48 65 17 4.30 3.86
-------------------------------------------------------------
BMCL202 39 73 34 7.62 7.15
-------------------------------------------------------------
BMCL203 33 51 18 3.33 3.14
-------------------------------------------------------------
BMCL204 45 61 16 6.03 5.61
-------------------------------------------------------------
BMCL209 53 84 31 3.89 3.65
-------------------------------------------------------------
BMCL215 13 42 29 5.24 4.72
-------------------------------------------------------------
BMCL231 19 50 31 4.87 4.33
-------------------------------------------------------------
BMCL233 8 37 29 3.95 3.37
-------------------------------------------------------------
BMCL234 16 80 64 7.49 6.61
-------------------------------------------------------------
BMCL235 11 40 29 7.31 6.44
-------------------------------------------------------------
BMCL236 21 57 36 3.40 2.90
-------------------------------------------------------------
BMCL237 20 111 91 3.91 3.09
-------------------------------------------------------------
BMCL238 33 45 12 6.45 6.08
-------------------------------------------------------------
BMCL238 58 95 37 3.94 3.32
-------------------------------------------------------------
LDD1 32 46 14 6.30 5.11
-------------------------------------------------------------
LDD1 72 84 12 9.21 7.30
-------------------------------------------------------------
LDD2 104 108 4 11.92 0.67
-------------------------------------------------------------
LDD3 91 93 2 7.77 0.60
-------------------------------------------------------------
LDD4 83 94 11 6.26 4.86
-------------------------------------------------------------
LDD5 80 102 22 6.45 5.16
-------------------------------------------------------------
LDD6 93 98 5 6.95 0.25
-------------------------------------------------------------
Review Of Results The drill program was successful in meeting all of its planned objectives. 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. drilling within the existing resource continued to show the exceptional continuity of the Lonshi ore ore, metal-bearing mineral mass that can be profitably mined. Nearly all rock deposits contain some metallic minerals, but in many cases the concentration of metal is too low to justify mining the ore. body. Results from the infill drilling will lead to an upgrade in the existing resource with a majority of indicated category moving to the measured category. Drilling to the south, along strike of the existing resource, was successful in extending the Lonshi ore body by 300 metres and confirmed that copper 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. is closely associated with synformal geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. structures within the prospective Lonshi host formations. This information will play an important role in the further exploration of the Lonshi horizon to the north and south of the existing ore body in 2003. Furthermore, core drilling identified high grade sulphide sulphide: see sulfide. mineralization (LDD LDD Lotus Developer Domain LDD Lijst Dedecker (Political party, Vlaanderen, Belgium) LDD Living Dead Dolls LDD LEGO Digital Designer LDD Land Development Desktop (Autodesk AutoCAD) LDD Laser Diode Driver 2: 4 metres @ 11.92% Cu, LDD3: 2 metres @ 7.77% Cu, LDD6: 5 metres @ 6.95% Cu) at a depth of approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 100 metres. An evaluation of the sulphide mineralization will be carried out next year to determine the potential for its future development. Assay ASSAY. A chemical examination of metals, by which the quantity of valuable or precious metal contained in any mineral or metallic mixture is ascertained. 2. By the acts of Congress of March 3, 1823, 3 Story's L. U. S. 1924; of June 25, 1834, 4 Shars. cont. Story's L. U. S. Procedures Assays were carried out at Antech in Zimbabwe Zimbabwe, ruined city, Zimbabwe Zimbabwe (zĭmbäb`wā) [Bantu,=stone houses], ruined city, SE Zimbabwe, near Fort Victoria. It was discovered by European explorers c. (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. laboratory) and at AH Knight knight, in ancient and medieval history, a noble who did military service as a mounted warrior. The Knight in Ancient History In ancient history, as in Athens and Rome, the knight was a noble of the second class who in military service had to Zambia Zambia (zăm`bēə), officially Republic of Zambia, republic (2005 est. pop. 11,262,000), 290,584 sq mi (752,614 sq km), central Africa. (accredited laboratory) with appropriate quality control procedures. Mike Parker Michael Parker (b. October 31, 1949) is a politician from the state of Mississippi. Parker was born in Laurel, Mississippi and he graduated from William Carey College with a BA in English in 1970. , BSc Project Manager at the Lonshi Poject, with more than 16 years experience in the mining industry, is the Qualified Person responsible for the design and conduct of the work performed. Further updates on the Lonshi copper deposit including an updated resource estimate will be announced in the near term. On Behalf of the Board of Directors of First Quantum Minerals Ltd. G. Clive CLIVE Computer-aided Learning in Veterinary Education. A consortium of six veterinary schools in the United Kingdom providing computer based learning in veterinary undergraduates courses. Newall Newall is a surname, and may refer to: In the Peerage of the United Kingdom:
Certain of the information contained in this news release constitute "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 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. Such forward-looking statements, including but not limited to those with respect to the prices of gold, copper and sulphuric acid sulphuric acid: see sulfuric acid. , estimated future production, estimated costs of future production, the Company's hedging hedging, in commerce, method by which traders use two counterbalancing investment strategies so as to minimize any losses caused by price fluctuations. It is generally used by traders on the commodities market. policy and permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied Inferred from circumstances; known indirectly. In its legal application, the term implied is used in contrast with express, where the intention regarding the subject matter is explicitly and directly indicated. by such forward-looking statements. Such factors include, among others, the actual prices of copper, gold and sulphuric acid, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed dis·close tr.v. dis·closed, dis·clos·ing, dis·clos·es 1. To expose to view, as by removing a cover; uncover. 2. To make known (something heretofore kept secret). in the Company's documents filed from time to time with the British Columbia Securities Commission The British Columbia Securities Commission (BCSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of British Columbia. External links
2002 Drilling Summary A drill plan map, geology map, cross section and long section can be reviewed at www.first-quantum.com.
Key: BMCL = reverse circulation drill holes,
LDD = diamond core drill holes
----------------------------------------------------------------------
Acid
Total Total Soluble
Depth Angle From To Intersection Copper Copper
Hole (metres) (degrees) (metres) (metres) (metres) (%) (%)
----------------------------------------------------------------------
BMCL200 94 -90 58 94 36 7.72 7.19
----------------------------------------------------------------------
BMCL201 100 -90 48 65 17 4.30 3.86
----------------------------------------------------------------------
BMCL201 100 -90 95 100 5 2.25 2.03
----------------------------------------------------------------------
BMCL202 80 -90 39 73 34 7.62 7.15
----------------------------------------------------------------------
BMCL203 60 -90 33 51 18 3.33 3.14
----------------------------------------------------------------------
BMCL204 70 -90 45 61 16 6.03 5.61
----------------------------------------------------------------------
BMCL205 84 -90 26 41 15 2.55 2.42
----------------------------------------------------------------------
BMCL206 58 -90 26 50 24 3.07 2.78
----------------------------------------------------------------------
BMCL207 29 -90 no significant values
----------------------------------------------------------------------
BMCL208 95 -90 no significant values
----------------------------------------------------------------------
BMCL209 90 -90 53 84 31 3.89 3.65
----------------------------------------------------------------------
BMCL210 70 -90 38 62 24 2.88 2.74
----------------------------------------------------------------------
BMCL211 57 -90 47 52 5 1.45 1.37
----------------------------------------------------------------------
BMCL212 29 -90 NS
----------------------------------------------------------------------
BMCL213 79 -90 50 58 8 1.36 1.27
----------------------------------------------------------------------
BMCL214 87 -90 54 75 21 2.52 2.41
----------------------------------------------------------------------
BMCL215 50 -90 13 42 29 5.24 4.72
----------------------------------------------------------------------
BMCL216 51 -90 37 41 4 1.88 1.81
----------------------------------------------------------------------
BMCL217 70 -90 54 58 4 1.91 1.77
----------------------------------------------------------------------
BMCL218 60 -90 no significant values
----------------------------------------------------------------------
BMCL219 74 -90 66 70 4 1.64 1.59
----------------------------------------------------------------------
BMCL220 59 -90 51 57 6 1.07 0.94
----------------------------------------------------------------------
BMCL221 40 -90 no significant values
----------------------------------------------------------------------
BMCL222 13 -90 no significant values
----------------------------------------------------------------------
BMCL223 35 -90 no significant values
----------------------------------------------------------------------
BMCL224 59 -90 46 54 8 1.71 1.63
----------------------------------------------------------------------
BMCL225 50 -90 34 36 2 1.27 1.09
----------------------------------------------------------------------
BMCL226 26 -90 no significant values
----------------------------------------------------------------------
BMCL227 50 -90 32 33 1 1.01 1.01
----------------------------------------------------------------------
BMCL228 45 -90 no significant values
----------------------------------------------------------------------
BMCL229 60 -90 35 43 8 1.40 1.21
----------------------------------------------------------------------
BMCL230 70 -90 50 51 1 1.03 0.97
----------------------------------------------------------------------
BMCL231 60 -90 19 50 31 4.87 4.33
----------------------------------------------------------------------
BMCL232 56 -90 25 29 4 1.83 1.60
----------------------------------------------------------------------
BMCL232 56 -90 47 56 9 3.17 2.88
----------------------------------------------------------------------
BMCL233 50 -90 8 37 29 3.95 3.37
----------------------------------------------------------------------
BMCL234 80 -90 16 80 64 7.49 6.61
----------------------------------------------------------------------
BMCL235 50 -90 11 40 29 7.31 6.44
----------------------------------------------------------------------
BMCL236 60 -90 21 57 36 3.40 2.90
----------------------------------------------------------------------
BMCL237 111 -90 20 111 91 3.91 3.09
----------------------------------------------------------------------
BMCL238 95 -90 33 45 12 6.45 6.08
----------------------------------------------------------------------
BMCL238 95 -90 58 95 37 3.94 3.32
----------------------------------------------------------------------
BMCL239 90 -90 77 85 8 3.05 2.29
----------------------------------------------------------------------
BMCL240 85 -90 22 30 8 4.07 3.78
----------------------------------------------------------------------
BMCL240 85 -90 49 56 7 2.14 1.93
----------------------------------------------------------------------
BMCL240 85 -90 70 74 4 2.84 1.63
----------------------------------------------------------------------
BMCL241 79 -90 55 57 2 1.84 1.53
----------------------------------------------------------------------
BMCL242 57 -90 24 27 3 1.52 1.45
----------------------------------------------------------------------
BMCL242 57 -90 52 55 3 1.13 1.06
----------------------------------------------------------------------
LDD1 96 -80 32 46 14 6.30 5.11
----------------------------------------------------------------------
LDD1 96 -80 66 68 2 1.24 0.98
----------------------------------------------------------------------
LDD1 96 -80 72 84 12 9.21 7.30
----------------------------------------------------------------------
LDD2 125 -90 104 108 4 11.92 0.67
----------------------------------------------------------------------
LDD3 103 -90 75 79 4 2.96 2.38
----------------------------------------------------------------------
LDD3 103 -90 91 93 2 7.765 0.60
----------------------------------------------------------------------
LDD4 110 -90 83 94 11 6.26 4.86
----------------------------------------------------------------------
LDD5 124 -90 80 102 22 6.45 5.16
----------------------------------------------------------------------
LDD6 115 -90 46 53 7 2.12 1.59
----------------------------------------------------------------------
LDD6 115 -90 93 98 5 6.95 0.25
----------------------------------------------------------------------
The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion