Rio Narcea Announces High Grade Intersections In Follow Up Underground Drilling At El Valle.TORONTO -- Rio Narcea Gold Mines. Ltd. ("Rio Narcea" or the "Company") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :RNG See RELAX NG. )(AMEX AMEX See: American Stock Exchange :RNO RNO Russian National Orchestra RNO Race National Origin (EEO) RNO Radio Network Optimization RNO Rosettanet Object RNO Resident Naval Officer RNO Recipient Network Operator (mobile communications operator) ) is pleased to announce the results of the underground exploration drilling of 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. structure known as "Area 107", which includes some very high grades and shows strong continuity of the mineralized zone. The 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. remains open at depth and towards the southeast where the best intersections have been encountered. All the results are shown in the attached table. The approximate position of each intercept intercept in mathematical terms the points at which a curve cuts the two axes of a graph. is shown in the attached sketch sketch, a rapidly executed kind of pictorial note-taking. The sketch is not usually intended as an autonomous work of art, although many have been considered masterpieces in their own right. that corresponds to a vertical projection of the mineralized structure. All the underground drilling has been conducted from existing production development and thus not ideally located for an exploration program. Nevertheless the results obtained clearly show that the structure remains open with very promising grades. The Company is therefore evaluating options to rapidly advance exploration and development in this southeast extension using the existing infrastructure of the Boinas mine. The closest underground access is only 200 meters east of the structure and at a good elevation elevation, vertical distance from a datum plane, usually mean sea level to a point above the earth. Often used synonymously with altitude, elevation is the height on the earth's surface and altitude, the height in space above the surface. for a drilling platform. The results of this limited drilling campaign have shown the potential of just one of the several targets that remain untested at the Boinas-El Valle gold deposit. The Company remains confident that this potential will be unlocked with the dedication of adequate exploration resources. With these encouraging exploration results and the ongoing strong gold market, the Company is continuing to evaluate its El Valle and Carles operations in Northern Spain. Quality control (QC) for sample preparation and analysis of samples for the this drill program been designed by independent consultant, Alan Noble Alan H. Noble (born ? - died ?) is a former field hockey player, who won a gold medal with the England team at the 1908 Summer Olympics in London. of O.R.E. Reserves Engineering, Colorado, U.S.A., to meet or exceed the requirements of National Instrument 43-101 (Standards of Disclosure for Mineral projects). This QC program includes the use of blanks, duplicates and standard reference samples, in conjunction with systematic check assays in external laboratories. The Qualified Person as defined by NI 43-101 for the drilling program is Luis Pevida, Manager of Exploration for Rio Narcea. 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. : Some statements in this press release contain forward-looking information. These statements address future events and conditions and. as such. involve inherent risks and uncertainties. Actual results could be significantly different from those projected. INTERSECTIONS OF AREA 107 DRILLED FROM UNDERGROUND UPPER ZONE Number HOLE THICKNESS TRUE THICKNESS Au g/t Ag g/t Cu % Au_Eq g/t --------------------------------------------------------------------- 1 VAL1037 5.50 5.1 5.43 14.15 0.07 5.60 2 VAL1054 6.10 5.7 8.65 10.10 0.04 8.75 2 VAL1054 2.45 2.3 6.61 2.16 0.08 6.66 3 VAL1034 5.75 5.7 41.07 1.29 0.14 41.31 4 VAL1051 2.10 2.0 2.66 4.00 0.11 2.79 5 VAL1052 2.80 2.6 40.09 1.14 0.08 40.23 6 VAL1053 3.00 3.0 5.37 7.00 0.03 5.37 7 VAL1055 2.95 2.7 5.47 0.00 0.10 5.65 8 VAL1036 3.40 3.1 4.76 7.00 0.56 5.75 9 VAL1056 2.30 2.3 8.23 7.39 0.04 8.23 10 VAL1063 3.40 3.1 9.67 4.00 0.04 9.75 11 VAL1057 3.95 3.5 2.02 1.28 0.03 2.07 12 VAL1058 4.40 3.9 1.91 0.00 0.07 2.03 12 VAL1058 2.60 2.4 2.48 0.00 0.46 3.13 13 VAL1059 6.45 5.8 50.98 1.71 0.55 51.93 14 VAL1061 3.75 3.4 6.08 6.20 0.13 6.33 15 VAL1060 14.00 12.6 16.41 3.01 0.53 17.34 16 VAL1062 4.80 4.3 1.52 35.77 5.22 10.61 LOWER ZONE Number HOLE THICKNESS TRUE THICKNESS Au g/t Ag g/t Cu % Au_Eq g/t --------------------------------------------------------------------- 17 VAL1066 17.80 16.7 9.37 5.80 0.18 9.71 17 VAL1066 3.60 3.4 9.57 2.41 0.09 9.74 18 VAL1063 5.45 5.26 4.43 0.64 0.04 4.50 19 VAL1019 3.60 3.38 2.14 0.00 0.32 2.53 20 VAL1064 2.65 2.56 3.89 4.51 0.46 4.68 21 VAL1065 3.30 3.30 5.77 12.64 0.31 9.34 21 VAL1065 3.35 3.35 3.55 28.19 1.57 6.35 Please note: To view the Longitudinal lon·gi·tu·di·nal adj. Running in the direction of the long axis of the body or any of its parts. section 107 area map, please click on the following link available on CCNMatthews' website: www.ccnmatthews.com/docs/rio0120.pdf Rio Narcea Gold Mines, Ltd. (TSX:RNG) (AMEX:RNO) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion