Golconda Resources Ltd.: Copper-Zinc Mineralization Intersected at Wapawekka, Saskatchewan.CALGARY, Alberta -- Golconda Resources Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:GA) is pleased to announce that a drill program to test several anomalies outlined by an airborne survey flown in April, 2005 over its Wapawekka property intersected copper-zinc sulphide 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 a zone parallel and about 500 m distant from the massive sulphide zone intersected in 2001 by three drill-holes. That zone showed an estimated true thickness of over 20m in hole WAE-2. This year's drill program tested four of the thirteen anomalies -outlined by the airborne survey- with two diamond drill-holes each. The first three anomalies are situated in the northwestern part of the property and are regionally-developed parallel sulphide zones that can be traced for a distance of over 8 km. Elevated copper-zinc values in anomaly One and elevated platinum values in several pyrrhotite pyrrhotite (pĭr`ətīt) or magnetic pyrites, bronze-yellow to bronze-red mineral, a sulfide of iron sometimes containing nickel. It tarnishes easily and is somewhat magnetic. (iron-sulphide) zones in anomaly Three warrant further drilling along the trend. The fourth anomaly that was drill-tested is situated in the northeastern part of the property. It starts about 300 m away from Wapawekka Lake and runs to the northeast into the lake. The anomaly becomes considerably stronger about 350 m into the lake and stays strong for about 1500 m. - Hole WEL-1 intersected, at 305 m depth, a 3.20 m thick exhalite zone consisting of cherts, silica sinter sinter Mineral deposit with a porous or vesicular texture (having small cavities). Siliceous sinter is a deposit of opaline or amorphous silica that occurs as an incrustation around hot springs and geysers and sometimes forms conical mounds (geyser cones) or terraces. and a 1.20 m thick zone of laminated and disseminated sulphides (approximately 15%) with visible scarce chalcopyrite chalcopyrite (kăl'kəpī`rīt, kăl`kōpī'rīt) or copper pyrites (pīrī`tēz, pə–), brass-yellow mineral, sometimes with an iridescent tarnish. (copper) and sphalerite sphalerite (sfăl`ərīt, sfā`–), mineral composed of zinc sulfide, usually containing some iron and a little cadmium. It occurs in crystals of the isometric system but more generally in cleavable, compact masses. (zinc). - WEL-2 was drilled 140 m to the northeast as close to the shore of Wapawekka Lake as possible. At 219.60 m depth it intersected a 0.90 m-thick zone of semi-massive and disseminated sulphide (approximately 25%) with a much higher content of copper and zinc sulphides Noun 1. zinc sulphide - a yellow to white crystalline fluorescent compound that occurs naturally as sphalerite or wurtzite and is used as a luminous pigment zinc sulfide . WEL-2 also intersected, from 360m to 395m, numerous quartz-calcite veinlets containing pyrrhotite and chalcopyrite. This zone could form part of the feeder system. The strong increase in the copper and zinc content from WEL-1 to WEL-2 and continuing towards the higher values of the anomaly that start 350 m into the lake, as well as the great thickness of the parallel zone drilled in 2001, give this sulphide zone an excellent potential to contain economic massive sulphide mineralization. A private party that can earn a 30% interest in the property by spending 1 million dollars is financing the exploration. Permits for winter drilling on the ice are being applied for. Samples have been sent to ALS-Chemex Labs in Vancouver and will be released when available. Guenter Liedtke is the designated qualified person responsible for exploration on the project under NI 43-101. On behalf of Golconda Resources Ltd., 'signed' Guenter J. Liedtke, President The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. GOLCONDA RESOURCES LTD. (TSX VENTURE:GA) |
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