South Pacific Resources - Exploration Update - Masupa Ria Area.VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 31, 1996-- South Pacific Resources Corp. ( ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. - SHF SHF abbr. superhigh frequency Noun 1. SHF - 3 to 30 gigahertz superhigh frequency radio frequency - an electromagnetic wave frequency between audio and infrared .) is pleased to report on the exploration progress at its Masupa Ria, and adjacent area projects in Central Kalimantan Central Kalimantan (Indonesian: Kalimantan Tengah often abbreviated to Kalteng) is a province of Indonesia, one of four in Kalimantan - the Indonesian part of the island of Borneo. Its provincial capital is Palangkaraya. The province has a population of 1. , Indonesia. The Masupa Ria Contract of Work ("CoW") area is currently the prime focus of exploration efforts but the adjacent CoW areas known as Jangkang and Mirih are considered equally prospective. Exploration activities to date, although slower than originally planned, are extremely encouraging. This has enabled the Company to increase its geology staff in order to accelerate the exploration of several prospective areas, each of which hold the potential of hosting a large bulk tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. gold resource. The preliminary interpretation of a combined airborne magnetic/ radiometric 13,351 line km survey recently completed over the Masupa Ria and Jangkang areas identified the presence of at least 10 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. targets. A similar survey is currently in progress on the Mirih block for scheduled completion in early November. In order to accelerate the exploration efforts over the entire area an additional six geologists were recently employed to join the five geologists already on site. As well, two additional bulldozers will be mobilized to the project site in November to join the two already on site. Mr. Imants Kavalieris, a consulting geologist who was recently engaged to review the Company's exploration activities commented, "the Masupa Ria alteration system is spectacular, because of its large size possibly in excess of 100 sq km. By comparison Kelian has a very small alteration zone, perhaps 1-2 sq km in area but hosts about 5 million ounces of gold 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. ." Exploration highlights of the Masupa Ria CoW area, (see attached map, Figure 1, attached) for the period between June through October 20,1996 include the following: ONGKANG GOLD DISTRICT -- Detailed geological mapping and extensive surface and underground channel sampling (1,275 samples) was completed prior to the commencement of a drilling program. -- 2,077.6 metres of 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 was completed in 13 holes at the Ongkang Vein Prospect with 3 holes abandoned due to mechanical problems. -- 6 of the 9 holes drilled by the Company that intersected the Ongkang Vein returned significant gold assays. -- Soil sampling over a 6 sq km area surrounding the Ongkang Vein Prospect identified a number of significant gold anomalies. KIWI kiwi (kē`wē) or apteryx (ăp`tərĭks), common name for the smallest member of an order of primitive flightless birds related to the ostrich, the emu, and the cassowary. GOLD DISTRICT -- Soil sampling completed over a 10 sq km 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. several significant gold and copper anomalies. -- Bulldozer trenching at the Kiwi Prospect produced encouraging gold assays from the first four trenches. -- A 10,000 metre RC/diamond drill contract has been signed and drilling will commence initially on the Kiwi Prospect in November. TAROJAN GOLD DISTRICT -- 7 helipads have been constructed to provide access for the exploration crews. -- 38 rock samples collected during limited traversing tra·verse v. tra·versed, tra·vers·ing, tra·vers·es v.tr. 1. To travel or pass across, over, or through. 2. To move to and fro over; cross and recross. 3. returned very encouraging gold and base metal assays -- Gridding, soil sampling and geological mapping will commence in December over the high priority airborne anomalies. ONGKANG GOLD DISTRICT -- On May 21, 1996 South Pacific Resources initiated a 4,000 metre diamond drilling program on the Ongkang Vein Prospect centrally located in the Ongkang Gold District. The drilling program, utilizing a series of drill fans, was designed to establish continuity down-dip between a number of significant gold intercepts previously obtained by BP Minerals. Assay results from BP Minerals' 1986 - 1988 drilling program are summarized below : -0- BP Minerals Drill Results (1986 - 1988) Hole Total Inclin FROM TO Interval Grade Grade No. Depth (degrees) (m) (m) (m) (g/t) (g/t) (m) Au Ag /Comment OND OND (in Britain) Ordinary National Diploma OND n abbr (BRIT) (= Ordinary National Diploma) → título escolar OND n abbr (Brit) (= Ordinary National Diploma 1 -60 51.0 55.0 4.0 10.0 11.6 67.0 69.0 2.0 21.5 18.5 89.0 96.0 7.0 2.6 3.9 OND 2 150.0 -60 0.0 3.8 3.8 1.6 5.0 Hole stopped short of target OND 3 195.6 -65 85.5 94.0 8.5 2.2 7.7 105.0 114.0 9.0 7.7 50.5 OND 4 233.0 -60 157.0 161.0 4.0 6.3 39.0 OND 5 243.3 -60 62.4 62.9 0.5 1.6 2,000.0 85.0 87.0 2.0 2.1 12.0 OND 6 209.1 -60 - - - - - Hole collared north of target OND 7 221.5 -60 - - - - - Hole collared south of target OND 8 336.7 -60 235.0 237.0 2.0 5.9 2.0 242.0 244.0 2.0 12.9 10.5 OND 9 194.1 -60 9.1 12.8 3.7 2.9 15.2 OND 10 166.1 -60 75.8 80.4 4.6 15.1 27.2 148.0 152.0 4.0 2.4 - OND 11 326.1 -60 - - - - - Hole collared north of target OND 12 243.1 -60 130.6 137.0 6.4 5.5 266.8 OND 14 239.7 -60 - - - - - Hole collared south of target OND 19 318.7 -71 114.5 120.0 5.5 1.9 3.0 Hole stopped short of target 137.0 138.0 1.0 9.5 6.0 94.0 98.0 4.0 1.2 6.0 OND 21 370.9 -52 - - - - - Hit target no intercept Note: True width of the drill intercepts has not been determined To date, 13 holes have been completed by South Pacific Resources for a total 2,077.6 metres located in the central portion of the Ongkang Vein. The drilling has consistently intersected a zone of steeply dipping epithermal quartz veins and breccias ranging in true width up to 25 metres in 9 of the 13 holes. The mineralization is associated with intense montmorillonite-quartz-carbonate-pyrite alteration developed in a microporphyritic andesite andesite Any member of a large family of rocks that occur in most of the world's volcanic areas, mainly as surface deposits and to a lesser extent as dikes and small plugs. . Anomalous gold values in the range from 0.3 to 2.0 g/t occur over drill widths up to 100 metres which contain narrow zones of 2 to 10 metres with high grade gold and silver values. The drill core has been split and fire assayed and the reject pulp subjected to cyanide cyanide (sī`ənīd'), chemical compound containing the cyano group, -CN. Cyanides are salts or esters of hydrogen cyanide (hydrocyanic acid, HCN) formed by replacing the hydrogen with a metal (e.g., sodium or potassium) or a radical (e.g. leaching. Check analysis using cyanide leach on selected intercepts produced results which closely agree with the fire assay values. This indicated that the majority of the gold is free milling and leachable. Assay results from the first 13 drill holes completed by SPR spr Spring SPR Strategic Petroleum Reserve SPR Surface Plasmon Resonance SPR Suomen Punainen Risti SpR Specialist Registrar (UK doctor who supports a consultant) SPR Society for Psychical Research SPR Stop Prisoner Rape are tabulated below and the drill hole locations are presented on the attached map noted as Figure 2: South Pacific Resources Drill Results (1996) Hole Total Inclin FROM TO Interval Grade Grade No. Depth (degrees) (m) (m) (m) (g/t) (g/t) (m) Au Ag /Comment OND 22 275.0 -80 144.0 148.0 4.0 3.7 3.3 156.0 160.0 4.0 0.2 207.5 OND 22A 60.5 -45 28.0 32.0 4.0 0.17 27.0 OND 23 21.0 -50 - - - - - Abandoned OND 23A 130.0 -60 70.0 88.0 18.0 5.7 29.2 including 76.0 80.0 4.0 20.8 106.7 OND 23B 72.5 -60 62.0 72.0 10.0 0.65 4.0 Abandoned OND23C-1 30.0 -60 - - - - - Abandoned OND 23C 180.1 -70 66.0 86.0 20.0 6.3 4.2 including 66.0 68.0 2.0 38.8 6.0 including 84.0 86.0 2.0 21.0 6.9 110.0 114.0 4.0 2.0 5.0 OND 23D 250.0 -75 - - - - - Hit target, no intercept OND 24 110.0 -45 20.0 22.0 2.0 1.1 4.2 OND 24A 154.0 -55 70.0 80.0 10.0 10.8 119.7 including 74.0 78.0 4.0 18.0 222.9 OND 24B 250.0 -65 92.0 96.0 4.0 3.1 4.4 146.0 148.0 2.0 9.1 7.9 196.0 198.0 2.0 2.2 2.4 OND 3A 244.5 -70 18.0 22.0 4.0 2.1 30.6 108.0 110.0 2.0 8.8 15.7 132.0 134.0 2.0 5.4 46.7 164.0 168.0 4.0 1.6 24.1 172.0 176.0 4.0 2.2 2.9 182.0 184.0 2.0 2.5 6.8 204.0 206.0 2.0 2.1 30.6 OND 3B 300.0 -80 234.0 254.0 20.0 1.3 3.3 including 240.0 246.0 6.0 2.7 3.9 Note: True width of drill intercepts has not been determined The drill results have demonstrated that the Ongkang Vein System is continuous over the area of in-fill drilling. Because of the intrinsic erratic nature of epithermal gold mineralization the width and grade of the mineralization zone is difficult to determine based on the limited data available from the drilling to date. Company geologists believe there is good potential to continue developing a gold resource at the Ongkang Vein Prospect but that most of this potential lies beneath a large and thick silica silica or silicon dioxide, chemical compound, SiO2. It is insoluble in water, slightly soluble in alkalies, and soluble in dilute hydrofluoric acid. Pure silica is colorless to white. leach cap along strike northwest of current drilling activity. Further drilling beneath the silica cap would involve a significant commitment of additional time, effort and cost which would deflect de·flect intr. & tr.v. de·flect·ed, de·flect·ing, de·flects To turn aside or cause to turn aside; bend or deviate. [Latin d from the Company's prime exploration objective of locating a large bulk tonnage gold resource. Consequently, following completion of an additional three holes to test the northwest and southeast extremities ex·trem·i·ty n. pl. ex·trem·i·ties 1. The outermost or farthest point or portion. 2. The greatest or utmost degree: the extremity of despair. 3. a. of the Ongkang Vein system, the drill program at the Ongkang Vein Prospect will be suspended for the time being. In addition to the Ongkang Vein drilling activity, detailed geological mapping and auger auger (ô`gər): see drill. auger Tool (or bit) used with a carpenter's brace for drilling holes, usually in wood. It looks like a corkscrew and produces extremely clean holes, almost regardless of how large the bit is. sampling was undertaken in a 6 sq km gridded area that encompassed the Ongkang Vein Prospect. This program involved the collection of 1,275 soil and rock samples which identified several discreet gold anomalies with assays up to 2.95 g/t. The anomalies are located in the northwestern and southern part of the grid. KIWI GOLD DISTRICT An extensive program of auger soil sampling was completed over a 10 sq km area surrounding the area previously gridded by BP Minerals. The area is underlain un·der·lain v. Past participle of underlie. by Miocene andesitic pyroclastics which often contain carbonised plant fragments. A total of 1,655 samples were collected and analyzed. A number of new anomalies were identified within the District. Bulldozer trenching commenced in late September at the western end of the Kiwi Prospect. Trenching has exposed wide zones of quartz veining vein·ing n. Distribution or arrangement of veins or veinlike markings. and breccia breccia: see conglomerate. breccia Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured. enveloped en·vel·op tr.v. en·vel·oped, en·vel·op·ing, en·vel·ops 1. To enclose or encase completely with or as if with a covering: "Accompanying the darkness, a stillness envelops the city" by intense clay-silica-pyrite alteration ranging up to 70 metres in width. Partial assays results from the first 4 trenches are tabulated below: PROSPECT TRENCH NO. SIGNIFICANT ASSAYS KIWI WEST TR 96-201 30 m @ 0.35 g/t Au KIWI WEST TR 96-204 26 m @ 2.18 g/t Au KIWI TR 96-205 2 m @ 23.0, 2 m @ 14.0, 2 m @ 7.7 and 2 m @ 5.4 g/t Au KIWI TR 96-206 52 m @ 1.2 g/t Au It is expected that 6,000 metres of trenching will be completed on 100 metre spaced lines over the Kiwi Prospect prior to mobilizing mobilizing, v 1. freeing or making loose and able to move. 2. observing any ongoing movements in a client's body, whether small or large, assisted or not, that identify strengths and weaknesses, as well as the client's physical and a multi-purpose drill rig to the location in mid-November. The length of each trench across strike is expected to vary between 60 to 125 metres. Approximately 25 percent of the planned trenching is completed to date. The Company has recently finalized See finalization. a drill contract for a 10,000 metre program of reverse circulation and diamond drilling commencing in November. The initial program will test the Kiwi zone with a series of 100-150 metre angle drill holes in attempt to define a large open cut gold resource. It is expected that the drill program at the Kiwi Prospect will take 3 months to complete. At the northern Kaka ka·ka n. A brownish-green New Zealand parrot (Nestor meridionalis). [Maori k  k Prospect, exploration work completed by BP Minerals in 1988 delineated a 500 x 300 metre zone of stockwork copper-gold mineralization developed in a sequence of altered Miocene volcanics. Results from the recent soil sampling program completed by South Pacific Resources have identified a coincident co·in·ci·dent adj. 1. Occupying the same area in space or happening at the same time: a series of coincident events. See Synonyms at contemporary. 2. copper-gold anomaly measuring 1.2 x 0.5 km with peak copper and gold values of 1,200 ppm (Pages Per Minute) The measurement of printer speed. See gppm. PPM - Portable Pixmap and 0.75 g/t respectively. The anomaly is defined by the 100 ppm contour interval Difference in elevation between two adjacent contour lines. . Sporadic gold values up to 0.75 g/t are associated with the anomalous copper geochemistry geochemistry, study of the chemical changes on the earth. More specifically, it is the study of the absolute and relative abundances of chemical elements in the minerals, soils, ores, rocks, water, and atmosphere of the earth and the distribution and movement of . A brief field inspection by Mr. Imants Kavalieris (a consultant to South Pacific Resources) carried out in the vicinity of the BP Minerals' trenching at Kaka indicated the copper-gold mineralization is hosted by illite- pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. altered volcanic breccia which may in part be structurally controlled. A detailed exploration program including bulldozer trenching and mapping will commence in November upon the arrival of a second bulldozer. A combination RC/diamond drill program will test the priority exploration targets during the first quarter of 1997. In the southern part of the Kiwi Gold District, anomalous gold and arsenic arsenic (är`sənĭk), a semimetallic chemical element; symbol As; at. no. 33; at. wt. 74.9216; m.p. 817°C; (at 28 atmospheres pressure); sublimation point 613°C;; sp. gr. (stable form) 5.73; valence −3, 0, +3, or +5. soil geochemistry indicates that 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 located at the Kiwi West and Moa Prospects are open along strike. The anomalies will be evaluated in conjunction with the trenching program which is currently underway at the Kiwi Prospect. TAROJAN GOLD DISTRICT A significant zone of alteration has been identified within a sequence of altered andesitic pyroclastics situated at the intersection of several regional structures. These lineaments include the northwest trending Ongkang Structural Zone and the east-west trending Kiwi Fault which are the principal structural controls for vein hosted gold mineralization identified in the Ongkang and Kiwi Gold Districts. The alteration zone is at least 1 km in diameter. After completing a series of reconnaissance traverses through the Tarojan area consulting geologist Imants Kavalieris remarked that "at Tarojan the size of the illite-pyrite alteration is striking." Work to date has included the construction of 7 new helipads and the completion of a series of reconnaissance geological traverses during which 38 rock grab samples Noun 1. grab sample - a single sample or measurement taken at a specific time or over as short a period as feasible sample - a small part of something intended as representative of the whole were collected. Significant gold and base metal values from these selected rock grab samples of vein and breccia material included: LOCATION SAMPLE NO. TYPE SIGNIFICANT ASSAYS TAROJAN 14075 RC 0.20 g/t Au, 1.47 percent Cu, 4.0 percent Zn 12701 RC 0.22 g/t Au, 0.33 percent Cu 02597 RC 0.39 g/t Au, 0.58 percent Cu, 126 ppm Ag (RC = Rock Sample) Line-cutting and grid based geological follow-up is planned to commence in December and will be initially focused on targets identified by the recently completed airborne magnetics survey. AIRBORNE 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. A preliminary interpretation of the recently completed a 13,351 line km airborne magnetic and radiometric survey over the Masupa Ria and Jangkang blocks confirms the presence of at least 10 anomalies three of which are considered significant. The first and highest priority anomaly forms a prominent magnetic low situated over the Tarojan caldera caldera: see crater. caldera Large, bowl-shaped volcanic depression that forms when the top of a volcanic cone collapses into the space left after magma is ejected during a violent volcanic eruption. The term is Spanish for “caldron. complex and confirms the presence of a large area of intense illite-pyrite alteration previously observed in the field. The high-low magnetic feature is 6 km in diameter and is situated at the intersection point between a regional east-west and northwest trending magnetic lineaments. A second strong coincident magnetic dipole magnetic dipole Tiny magnet with subatomic dimensions, equivalent to the flow of electric charge around a loop. Examples include electrons circulating around atomic nuclei, rotating atomic nuclei, and single subatomic particles with spin. and potassium potassium (pətăs`ēəm), a metallic chemical element; symbol K [Lat. kalium=alkali]; at. no. 19; at. wt. 39.0983; m.p. 63.25°C;; b.p. 760°C;; sp. gr. .862 at 20°C;; valence +1. anomaly is centered over an extensive area of local gold workings called the Tosa-Ucang-Kunyi District. Five of the remaining 8 anomalies are related to outcropping areas that lie at the intersection of northeast and northwest trending radar lineaments. OTHER PROSPECT AREAS IN THE MASUPA RIA CoW AREA In addition to the Ongkang, Kiwi and Tarojan Gold Districts, previous exploration work completed by BP Minerals in the Masupa Ria area identified 10 other prospect areas. Limited reconnaissance traversing has been conducted over the Ringsa, Ardiensa, Tosa, Transit, and Menyawang Prospects. A total of 87 rock and 18 stream samples were collected with the significant assays reported below. The prospect locations are shown on the attached map noted as Figure 1. LOCATION PROSPECT SAMPLE NO. TYPE SIGNIFICANT ASSAYS RINGSA 02506 RC 2.78 g/t Au, 8,248 ppm As 02507 RC 1.28 g/t Au, 54,745 ppm As 02513 PC 23.96 g/t Au, 5.30 g/t Ag 02514 PC 158.79 g/t Au, 2.50 g/t Ag 02515 PC 346.80 g/t Au 02516 PC 175.67 g/t Au, 43.6 g/t Ag LIJUNG 02563 RC 4.26 g/t Au 02574 PC 56.68 g/t Au, 15.3 g/t Ag TRANSIT 1186 RC-CH 2.0m @ 0.97 g/t Au, 5.20 g/t Ag 11190 RC-CH 2.0 m @ 6.60 g/t Au, 5.10 g/t Ag TOSA 14021 RC 4.19 g/t Au, 0.79 percent Cu 14022 RC 1.42 g/t Au, 0.42 percent Pb 14023 RC 80.0 g/t Au, 2.59 percent Zn MENYAWANG 12702 RC 1.53 g/t Au, 2.69 percent Cu VEIN L 12703 RC 6.29 percent Pb, 3.08 percent Zn 12704 RC 4.75 percent Pb, 31.67 percent Zn (RC = Rock Sample; PC = Pan Concentrate; RC-CH = Rock Chip Channel Sample) Additional exploration will focus on the Tosa and Ringsa Prospect areas during the 4th quarter of 1996. GENERAL The Company recently released exploration updates on its other two major project areas in Kalimantan. The Mandor copper-gold project update was released October 17 and the Sori Hill gold project update was released October 28. South Pacific Resources Corp. is a mineral exploration company listed on the Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). under the symbol "SHF". At present, the Company's activities are limited to Indonesia. NOTE: Location maps available from the Company at the phone number listed below. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: South Pacific Resources Corp. Cam DeLong, M.Sc. (Geol.), 604/687-5305 or South Pacific Resources Corp. Robert Chase, 604/687-5305 |
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