IGC Reports Potential for a Far Greater Gold Discovery at Australian Blackburn Mine Project than Previously Considered.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 -- IGC (Integrated Graphics Controller) The inclusion of the video display circuitry on the motherboard. An IGC is typically contained in the chipset, such as the Northbridge. See integrated graphics and IGP. IGC - Institute for Global Communications Resources Inc. ("IGC") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:IGC) is pleased to announce the initial results of a recently completed 500 metre diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral program on the Jinka's Hill target at IGC's Blackburn gold project in Western Australia Western Australia, state (1991 pop. 1,409,965), 975,920 sq mi (2,527,633 sq km), Australia, comprising the entire western part of the continent. It is bounded on the N, W, and S by the Indian Ocean. Perth is the capital. . The diamond drilling, the first completed at the Blackburn Project, not only discovered a further mineralised zone, but preliminary geological observations suggest that the mineralisation may be intrusive-related, reflecting the potential for a far greater discovery than had previously been considered. The diamond drilling was conducted to give confidence to the well-defined and modeled Jinka's Hill shoot and recheck the assays from the previous reverse circulation drilling. These results have far-reaching implications for the Blackburn Project, as the implementation of an intrusive-related exploration model suggests that the numerous gold anomalies and prospects along the 20 kilometres of known quartz monzonite-granulite contact may be related to a large hydrothermal hydrothermal, hydrothermic relating to the temperature effects of water, as in hot baths. system, rather than discrete, quartz vein related, structurally controlled 'shoots' as had been previously thought. Mr. Clive Hartz stated, "We are highly encouraged as these results have provided the catalyst for a new depositional model for the formation of gold (and possibly copper) in the Jinka's Hill target area. While the mining studies to mine the Jinka's Hill shoots are in progress, we are now aware that any mining plan needs to consider the probability of a much larger system." The mineralisation occurs as disseminated to semi-massive sulphide zones within a broad 15-20 metre alteration zone. (See Figure 1.) Sulphides, including pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. , 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. and minor chalcopyrite chalcopyrite (kăl'kəpī`rīt, kăl`kōpī'rīt) or copper pyrites (pīrī`tēz, pə–), brass-yellow mineral, sometimes with an iridescent tarnish. occur as both veinlets and disseminations within the matrix, suggesting a possible intrusive-related hydrothermal source for the mineralisation that has altered the host rock. Host rocks consist of plagioclase-hornblende-phyric granulites with common biotite biotite (bī`ətīt'), iron-rich variety of phlogopite, most abdunant of the mica minerals. biotite or black mica Silicate mineral in the common mica group. . Further petrographic pe·trog·ra·phy n. The description and classification of rocks. pe·trog  ra·pher n. studies are in progress to assist in
determining the paragenesis par·a·gen·e·sis also par·a·ge·ne·sian. The order in which a formation of associated minerals is generated. par of the regional metamorphism regional metamorphism A type of metamorphism in which the mineralogy and texture of rocks are changed over a wide area by deep burial and heating associated with the large-scale forces of plate tectonics. and mineralisation. Just as importantly is the inferred position of this intrusive body, and it is expected that the petrological work will assist in identifying the spatial position of the Jinka's Hill target within this potentially regionally-extensive hydrothermal system. The following table is a summary of the significant initial assay results which included 0.5 meters of 51.89 grams per tonne (gpt) of gold. Further assay results on the remaining core are expected to be received over the next few weeks.
Grade
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Hole Intercept Width Au Au Au
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Hole ID Depth from to Intersected Repeat 1 Repeat 2
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(Metres) (Metres) (Metres) (Grams/Tonne)
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JDDH01 189 83 102.5 19.5 3.30
including: 83 83.5 0.5 5.88
88 88.5 0.5 8.18 10.52
90 90.5 0.5 6.36 5.23 2.69
91 91.5 0.5 6.1 6.55
101 101.5 0.5 9.25 6.85 7.38
102 102.5 0.5 4.27
182 182.5 0.5 4.25
JDDH02 114 96 107.5 11.5 6.52
including: 97 97.5 0.5 23.08 11.72 51.89
97.5 98 0.5 5.13 3.7 2.46
100 101.5 1.5 7.86 4.91 5.09
102.5 103 0.5 9.19 3.63 26.75
103.5 104 0.5 4.17
104 104.5 0.5 4.69
JDDH03 201 87.5 88 0.5 4.35
96 101 5 3.20
including: 97 97.5 0.5 4.61
98 98.5 0.5 5.03
98.5 99 0.5 5.91 5.4
101 101.5 0.5 4.55
1. All assays completed on 0.5 metre intervals, oriented and cut half
core, by Genalysis Laboratories, an independent Australian-
accredited assay lab.
2. Analytical method standard 50 grams lead collection fire assay.
3. Assays reported to 3 significant figures within the limits of 0.01
g/t analytical precision.
4. Sampling supervised and quality control results periodically
reviewed by independent consultants.
5. Interval widths are not necessarily true widths and no intervals
have been amended to represent true thickness.
6. Au2 and Au3 are repeat assays taken to check sample assay
variability. Au1 is the original assay, and Au (average) is
arithmetic average of all sample and repeat assays completed.
7. All holes were drilled on a -60 degree dip.
Collar information:
Azimuth- Azimuth-
Hole Azimuth- Magnetic Magnetic
Hole ID Depth Magnetic Dip North East
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(metres) (degrees) (degrees) (metres) (metres)
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JDDH03 201 279 -60 6288426 584146
JDDH02 114 270 -60 6288383 584165
JDDH01 189 270 -60 6288324 584161
New mineralised zones, observed in JDDH01 and JDDH03, intersected similar sulphide assemblages approximately 70 metres beneath the Jinka's deposit, close to the lower monzonite monzonite Type of igneous rock that contains abundant and approximately equal amounts of plagioclase and potash feldspar, as well as other minerals. The type region is Monzoni, Italy, in the Italian Tirol; similar rocks have been described from Montana, Norway, Sakhalin contact. This mineralisation, when projected up dip, correlates to the shallow historical drilling locations of the White Dam and Lone Tree Lone Tree can refer to:
SEDAR Southeast Data, Assessment, and Review at www.sedar.com) Multi-element analysis highlights anomalous copper (up to 0.1% in JDDH02 96.5 to 97 metres) within the gold mineralised zones offers further encouragement that the Jinka's Hill target may be intrusive-related gold. Evaluation is continuing and further drilling will be undertaken regionally to determine and evaluate other targets along the 20 kilometre strike length. Information in this announcement pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to exploration results was compiled by Mr. D. Holden, a director of IGC, who is a Member of the AusIMM and a "Qualified Person" under Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects. IGC's principal business activities are the exploration, development and mining of gold, copper and uranium projects within Western Australia, however IGC continues to investigate other mineral resource prospects for potential acquisition globally. On behalf of the Board, Clive Hartz, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Statements in this release may 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. which involve known and unknown inherent risks and uncertainties that are detailed in IGC's periodic filings with Canadian securities regulators. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Actual events or results could differ materially from IGC's expectations and projections. 13.5 million shares outstanding Last trade $0.44 To view Figure 1 and Figure 2 please click on the following link: http://www.ccnmatthews.com/docs/20051207-igc1207.pdf 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. does not accept responsibility for the adequacy or accuracy of this release. IGC Resources Inc. (TSX VENTURE:IGC) |
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