Petaquilla Pleased with Initial Trenching Results.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 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 -- Petaquilla Minerals Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :PTQ PTQ Pro Tour Qualifier (gaming, Magic: The Gathering) PTQ Progress Through Quality PTQ Percent to Quota )(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PTQMF) advises that the first assay results have been received from the 2005 trenching program on Petaquilla Mineral's Molejon Gold deposit. The results come from the initial test trenches on the Molejon "Northwest Zone". Surface drilling in 1990's indicated a near surface gold resource. Up to now, the zone has not been tested with trenches. Notable assay results include:
Trench 103
Located at 973054 North, 538481 East, the trench exposed a silicified
zone with channel-chip sampling returning an average grade of 2.41
gr/t Au across 8.3 meters. The true width of the zone is estimated to
be 2.0 meters and appears to be striking NNE.
Individual assays consist of:
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Sample Number Sample Length Assay Gold Original Sample Size
(meters) (gr/t) (Weight kilograms)
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1103001 2.30 2.37 6.90
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1103002 2.50 2.35 6.99
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1103003 2.50 3.48 4.01
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Trench 100
Located at 973070 North, 538594 East, the trench is situated on the
old drill pad approximately 2.0 meters from the collar for holes
MO94111 and MO95130. In both of these holes, casing was drilled to a
depth of 4.6 meters with no core recovery. The holes then intercepted
mineralized Quartz Breccia down to a depth of 24.0 meters. (The
highest assay result was 14 grams over 1.5 meters, but core recovery
is poor through the zone, averaging less then 50%).
The trench exposed a sericite altered Feldspar Quartz Porphyry and
the Hangwall contact to the Quartz Breccia Vein. Because the trench
cuts the Quartz Breccia Vein obliquely, 3 channel-chip samples were
taken at various attitudes on the vein. The average grade for the 3
samples is 29.31 gr/t Au.
Individual assays consist of:
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Sample Number Sample Length Assay Gold Original Sample Size
(meters) (gr/t) (Weight kilograms)
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1100002 2.00 16.81 6.04
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1100003 2.00 31.23 5.20
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1100007 1.00 39.89 7.40
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5 samples were collected either across or vertical down the trench in
the Feldspar Quartz Porphyry hanging wall. The five samples had an
average grade of 1.32 grams.
Individual assays consist of:
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Sample Number Sample Length Assay Gold Original Sample Size
(meters) (gr/t) (Weight kilograms)
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1100001 2.00 0.72 5.28
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1100004 1.15 0.32 3.7
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1000005 1.00 2.11 3.1
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1100006 1.00 2.14 6.46
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1100008 2.00 1.40 6.32
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Drill Pad MO94115
Located at 973063.3 North, 538539.5 East, channel-chip sampling was
completed across a quartz veinlet stockwork exposed in the back of
Drill Pad built for drill hole MO94115. The stockwork assayed 11.98
gr/t Au over 3.0 meters, with an estimated true width of 2.0 meters.
The first 24.6 meters of MO94115 were cased, and had no core
recovery, (Sludge samples taken during the placement of the casing
returned assays ranging from 13.0 to 0.200 gr/t Au).
Individual assays consist of:
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Sample Number Sample Length Assay Gold Original Sample Size
(meters) (gr/t) (Weight kilograms)
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1000004 1.00 18.00 3.71
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1000005 1.00 6.74 3.67
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1000006 1.00 10.95 3.84
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The success of the first test trenches to expose 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. and identify high-grade High-grade Credit quality of AAA or AA. high-grade Of, relating to, or being a bond with little risk of default on the part of the issuer. High-grade is usually reserved for bonds rated AAA or AA by the rating services. gold intersections in area where previous drilling had no recovery has led to an acceleration of the trenching program on the property. Further trenching in the Northwest Zone will test new 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. / mineral domain models that are now being developed, prior to testing the zone by drilling. Margaret Venable (PhD. Geo.) was the on-site geologist supervising the trenching and sampling program on the Molejon Deposit. David Nowak, (P.Geo.) has reviewed the data, and is the Qualified Person under the definition of Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. National Instrument 43-101. Acme (company, jargon) ACME - /ak'mee/ 1. A Company that Makes Everything. The canonical imaginary business. Possibly also derived from the word "acme" meaning "highest point". 2. A program for MS-DOS. Analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. Laboratories, Vancouver performed sample preparation and assaying on the trench trench: see ocean. samples. Procedures included a 1assay tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. Gold Fire assay and multi-element ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. analysis. The Company is very pleased with the trenching results to date, and early indications are leading the team to believe that drilling of the Northwest zone could lead to an expansion of the gold reserves at Molejon. As soon as all the results from the sampling are in the Company's possession and the geological model has been completed, a drilling program will be initiated to test the zone. On behalf of the Board of Directors of PETAQUILLA MINERALS LTD. Kenneth W. Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. , CFO See Chief Financial Officer. and Director No stock exchange has approved or disapproved the information contained herein. Petaquilla Minerals Ltd. (TSX:PTQ) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :PTQMF) |
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