Magnum Reports Unusual Sample of Uranium.Business Editors TORONTO--(BUSINESS WIRE)--Dec. 3, 2003 MAGNUM d'Or RESOURCES INC. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MAGR) Website: http://www.magnumexploration.com/ Mr. John YEE, Chairman -- Magnum d'Or Resources Inc. a junior resource exploration Company is pleased to announce that further to the news release dated December 2, 2003, the management would like to report the following: New Area of Interest... Sample #95477 which was significantly anomalous in arsenic also had our only anomalous assay for uranium. This is quite interesting for our geologists as it may be an indication of a strong polymetallic mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. environment. Arsenic, (which can be a path finder element for gold) as well as the unusual diversity of metals was detected. In fact, the geochemical signature with such high iron content certainly points the way to the Olympic Dam (Iron Oxide) model of 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. . The presence of fluorite fluorite (fl `ərīt) or fluorspar (fl with strong arsenic, barite, silver with some uranium (also high antimony and boron?) really makes a good case for this deposit type. The felsic rhyolitic tuffs in which the sampling was carried out also makes a prospective host rock for this deposit type. This gives reason for the management of Magnum to express its strong desire to continue exploration in this area. Magnetite Hill... One of the main areas of exploration was the Magnetite Hill zone. This is an area of intensely silicified si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. and oxidized calcareous meta sediments (micritic marble), belonging to the Lower Silurian age Onoot Tolgoy Formation. This silicified alteration zone contains pervasive variable concentrations of fine-grained magnetite. Concentrations of magnetite vary from disseminations to conspicuous semi-massive bands and streaks. Host-rocks have undergone intense silicification si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. in association with a pervasive network of closely spaced, narrow, anastimosing chalcedonic chal·ced·o·ny also cal·ced·o·ny n. pl. chal·ced·o·nies A translucent to transparent milky or grayish quartz with distinctive microscopic crystals arranged in slender fibers in parallel bands. veinlets. All rock samples taken to date on this zone are consistently anomalous in nickel, cobalt and chromium, assumed to be associated with magnetite. Nickel values vary between 425 to 1636 ppm, cobalt between 41 to 93 ppm and chromium 201 to 495 ppm. There are also significantly higher than background values for silver, platinum, palladium, strontium and vanadium. Anomalous copper values of 5 to 23 ppm Cu occur at this mineral zone. Based on the deposit model currently being investigated increased copper-gold values should be found at greater depths associated with increased potassic and sodic so·dic adj. Relating to or containing sodium. [sod(ium) + -ic.] sodic Relating to or containing sodium. alteration. A number of statements contained in this press release are forward-looking statements that are made pursuant to the Safe Harbor provisions 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. These forward-looking statements involve a number of risks and uncertainties including but not limited to: competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that Magnum may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. |
|
||||||||||||

`ərīt)
Printer friendly
Cite/link
Email
Feedback
Reader Opinion