Mispec Resources Inc. Jampang Property, West Java, Indonesia.TORONTO--(BUSINESS WIRE)--Oct. 8, 1997-- Mispec Resources Inc (ME:MPE MPE abbr. Master of Public Education .) -0-
- FIRST PHASE DRILLING COMPLETED IN CIGARU AREA
- RESOURCE CALCULATION UNDERWAY
- REGIONAL EXPLORATION AND DRILLING COMMENCES AT CIPAKU
- 12G QUALIFICATION
CIGARU AREA
Mispec Resources Inc. announces results from the final holes of
the first-phase drilling in the Cigaru Area in the northern part of
the Jampang Block in West Java. The Cigaru Area comprises an area of
approximately 1 square km and includes the LIPI, LIPI West, Pasir
Keusik and Puteran Simpang ore-bearing zones.
Significant assay results are reported for holes drilled on the
Pasir Keusik and Puteran Simpang zones.
The highlights of this drilling are as follows:
PASIR KEUSIK
- 1.31 g/t Au over 6.0 m (19.7 ft)
- 5.02 g/t Au over 11.0 m (36.1 ft); including
10.28 g/t Au over 5.0 m (16.5 ft)
- 1.55 g/t Au over 33.0 m (108.3 ft)
PUTERAN-SIMPANG
- 3.73 g/t Au over 7.0 m (23.0 ft)
- 1.19 g/t Au over 9.0 m (29.5 ft)
- 2.36 g/t Au over 21.0 m (68.8 ft)
- 2.12 g/t Au over 5.0 m (16.5 ft)
The drilling reported in this release is distributed as follows:
PASIR KEUSIK : 2 Holes : 984m
PUTERAN-SIMPANG: 6 Holes : 4,265m
PRE-COLLARS : 2 Holes : #238 & 243
ABANDONED : 1 Hole : #245
The two holes reported from PASIR KEUSIK were included in
the Snowden Audit and confirm the correlation between RC and
Diamond Drilling.
Drilling on the PUTERAN-SIMPANG zone was a combination of
RC and Diamond Drilling and has continued to map the extent of
this zone.
First phase drilling has now been completed in the Cigaru
Area and a detailed assessment will be undertaken in order to plan
the 1998 drilling program.
DETAILS OF SIGNIFICANT INTERSECTIONS
PASIR KEUSIK ZONE
SECTION HOLE#&DIRECTION FROM TO LENGTH Au g/t COMMENTS
m ft.
5700N JRD235 W 10.0 16.0 6.0 19.7 1.31
42.0 45.0 3.0 9.9 1.09
105.0 116.0 11.0 36.1 5.02
Incl: 111.0 116.0 5.0 16.5 10.28
JRD236 W
Incl: 132.0 165.0 33.0 108.3 1.55
132.0 136.0 4.0 13.2 4.32
PUTERAN-SIMPANG ZONE
SECTION HOLE#&DIRECTION FROM TO LENGTH Au g/t COMMENTS
m ft.
5600N JRC239 W 5.0 12.0 7.0 23.0 3.73
105.0 110.0 5.0 6.5 1.23
5600N JRC241 E 89.0 98.0 9.0 29.5 1.19
5620N JDD244 W 49.0 53.0 4.0 13.1 2.89
61.0 82.0 21.0 68.8 2.36
Incl: 61.0 65.0 4.0 13.1 4.99
74.0 82.0 8.0 26.2 3.13
126.0 127.0 1.0 3.0 8.23
5660N JDD246 W 81.0 86.0 5.0 16.5 2.12
Note: All samples from the Jampang Project are prepared and values determined by fire assay techniques by Intertek Testing Services Bondar Clegg, Jakarta. All holes are drilled at -60 degrees and the E or W designation in the tables indicates the direction of the hole relative to grid north The northerly or zero direction indicated by the grid datum of directional reference. , which is oriented 345 degrees. Complete survey data for all holes reported to date can be accessed through our web site at http:// www.mispec.com Additional Zones Indicated A recently completed ground geophysical survey Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. over the Cigaru area has delineated de·lin·e·ate tr.v. de·lin·e·at·ed, de·lin·e·at·ing, de·lin·e·ates 1. To draw or trace the outline of; sketch out. 2. To represent pictorially; depict. 3. the presence of three significant anomalies. Two of these flank the main LIPI LIPI Lembaga Ilmu Pengetahuan Indonesia (Indonesian Institute of Sciences) zone, whereas the third is situated immediately west of the Pasir Keusik zone. These anomalies are oriented parallel to the 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. zones and have a similar geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. signature. Results from the few drill holes, which penetrated these anomalies (e.g. JRC JRC abbr. Junior Red Cross 159 - LIPI West, 5.79 g/t Au over 8.0 m), and surface rock samples suggest that the anomalies represent additional zones 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. . Accordingly these anomalies will be high priority targets when the next phase of drilling begins at Cigaru. UPDATED RESOURCE CALCULATION Mispec is undertaking an evaluation of the drilling and plans to develop an updated resource estimate for the three zones discovered to date in the Cigaru area. REGIONAL EXPLORATION Cipaku Drilling As advised in August, drilling has commenced at the Cipaku prospect, located 8km south from the Cigaru Area and along the same gold bearing "corridor". Seventeen holes have been completed and samples have been submitted to the Intertek laboratory in Jakarta for assay. Current Activity As the current drought in Indonesia has made conditions very favourable for fieldwork field·work n. 1. A temporary military fortification erected in the field. 2. Work done or firsthand observations made in the field as opposed to that done or observed in a controlled environment. 3. , regional exploration in the entire Jampang holdings is being aggressively pursued. Results to date are very encouraging and indicate the presence of significant new zones of gold-bearing quartz veins and alteration. 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 values in grab and channel samples from surface showings continue to enhance the potential of the property. 12G QUALIFICATION In the process of obtaining its 20F (Registration of Common Stock), Mispec was listed in Moody's Industrial Manual and subsequently received a 12G Blue Sky Memorandum on September 17, 1997. This allows brokers in thirty-three (33) U.S. states A U.S. state is any one of the fifty subnational entities of the United States, although four states use the official title "commonwealth". The separate state governments and the federal government share sovereignty, in that an American is a citizen both of the federal entity and , the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , Guam and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. to solicit orders for Mispec's stock. Further exemption in two (2) additional states will be effective on or before December 16, 1997. -0- There is a map available by contacting the company at the number above or by accessing CCN's Internet Website at http://www.cdn-news.com. CONTACT: Mispec Resources Inc Harold D. Jackson, 416/506-0990 or Mispec Resources Inc Dr. James M. Patterson, 416/506-0990 |
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