Southwestern Awards Boka Pre-Feasibility Study.VANCOUVER, 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 -- Southwestern Resources Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :SWG SWG abbr. standard wire gauge ) is pleased to announce the Pre-Feasibility Study for the Boka Gold Project has been awarded to Ausenco Limited, an engineering firm with extensive international mine design and development experience. Ausenco has completed numerous large mining developments around the world including Placer Dome Placer Dome was a large mining company specializing in gold and other precious metals, with corporate headquarters in Vancouver, British Columbia, Canada. Barrick has acquired 100% of the Placer Dome shares on January 20, 2006, and has integrated the company into its own. Inc.'s North Mara gold mine in Tanzania; Oxiana Limited's Sepon copper-gold mine in Laos; and feasibility work for lvanhoe Mine Ltd.'s Oyu Tolgoi project in Mongolia as well as many other projects in Asia and Africa. In China, Ausenco has the EPCM EPCM Engineering, Procurement, Construction Management EPCM Essential Procedures for Clinical Microbiology EPCM Enhanced Planning Control Message EPCM Enterprise Portal Content Management EPCM European Project & Change Management (The Netherlands) for Sino Gold Sino Gold (澳華黃金) are a gold mining company headquartered in Sydney and conducting most of their mining operations in Heilongjiang, Guizhou, and Shaanxi provinces in the People's Republic of China. Limited's Jinfeng gold mine and is conducting the feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. on Mundoro Mining Inc.'s Maoling gold project. An important element of design and construction in China is working closely with Chinese design institutes which Ausenco has amply demonstrated by their ongoing work in China. The Boka Pre-Feasibility Study will run concurrently with a continuing drilling program, which will be refocused mainly to delineation 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. at Boka 7. Step-out drilling will also continue at Boka 1. To date, only 11 holes have been drilled at Boka 7, 10 of which intersected significant widths and grades of mineralization, as previously reported and shown on the table below. The drill-holes are irregularly spaced at roughly 200 metres apart and demonstrate mineralization over a strike length of over one kilometer. The Boka 7 drill-hole results are listed in the following table:
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Intersection
------------------- Gold Assay
Hole From To Interval (grams per
No. (metres) (metres) (metres) tonne)
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B03-10 92.15 164.90 72.75 2.70
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B03-13 137.80 179.50 41.70 2.80
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B03-14 166.80 197.80 31.00 3.20
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253.50 285.40 31.90 2.90
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B03-15 107.00 214.30 107.30 2.40
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B03-16 99.20 188.40 89.20 3.10
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B03-17 194.30 240.70 46.40 2.90
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B03-19 129.40 180.70 51.30 2.90
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B03-22 No significant results
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B03-23 140.75 203.30 62.55 2.80
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including 193.70 203.30 9.60 31.60
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B04-36 117.00 150.45 33.45 3.00
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222.80 257.90 35.10 1.40
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287.10 312.70 25.60 1.80
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B04-40 132.20 164.80 32.60 2.60
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In addition, other targets (such as Boka 8 and Boka 11) defined by previous soil sampling will be tested. Another high priority target will be the gold in soil anomaly along strike between Boka 1 and Boka 7. One of only two holes drilled into this feature intersected two zones of mineralization (B03-18: 12.90 metres of 3.40 grams per tonne gold (g/t Au) from 72.50 to 85.40 metres, and 28.45 metres of 2.70 g/t Au from 109.75 to 138.70 metres). The other drill hole did not return significant results. The July 2005 Preliminary Assessment by Hatch Limited defined resources (0.5 g/t cut-off, cut to 31 g/t Au) of: Indicated 10.4 million tonnes at 2.88 g/t Au - 0.97 million ounces Inferred 45.8 million tonnes at 2.75 g/t Au - 4.05 million ounces Those resources were based on 67 drill-holes, 56 at Boka 1 and 11 at Boka 7. The report concluded positively on a robust mining operation producing 200,000 ounces gold per annum Per annum Yearly. at $143 per ounce from open-pit mining Open-pit mining, also known as opencast mining, refers to a method of extracting rock or minerals from the earth by their removal from an open pit or borrow. , mostly from resources defined at that time at Boka 1. The Pre-Feasibility Study will include the additional infill and step-out drilling at Boka 1 since the Preliminary Assessment, and step-out drilling at Boka 7. "We enter the Pre-Feasibility Study with a large resource, significant expansion potential at Boka 7 and a number of additional targets to be tested within easy trucking distance of Boka 1. We are targeting an updated resource in the third quarter of 2006, and to have the pre-feasibility study completed by the end of 2006," said John Paterson, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Southwestern. "We look forward to working with Ausenco to advance the Boka Project," he stated. Quality Control Southwestern has implemented a quality control program to ensure best practice in lithogeochemical sampling and analysis of tunnel and drill core samples. All samples are shipped directly in security sealed bags to the assay laboratory of the Northwest Non-Ferrous Geology Research Institute (ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002) located in Xian, Shaanxi Province, China. Drill core samples are prepped to -10 mesh at the Xian facility and 500 gram split samples are air freighted to Vancouver, BC for screen fire assay by IPL (Initial Program Load) Same as boot. 1. IPL - Information Processing Language. 2. IPL - Internet Public Library. 3. IPL - Initial Program Load. 4. IPL - Initial Program Loader. (International Plasma Laboratory Ltd.) or ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex Laboratories. Exploration samples are assayed by conventional methods at the Langfang Institute of Geochemical and Geophysical Exploration (ISO 9001) in Beijing and are digested in an aqua regia acid digestion and gold, silver, copper, nickel, arsenic, antimony antimony (ăn`tĭmō'nē) [Lat. antimoneum], semimetallic chemical element; symbol Sb [Lat. stibium,=a mark]; at. no. 51; at. wt. 121.75; m.p. 630.74°C;; b.p. 1,750°C;; sp. gr. (metallic form) 6. and bismuth bismuth (bĭz`məth) [Ger. Weisse Masse=white mass], metallic chemical element; symbol Bi; at. no. 83; at. wt. 208.9804; m.p. 271.3°C;; b.p. about 1,560°C;; sp. gr. 9.75 at 20°C;; valence +3 or +5. are analyzed by atomic absorption. The Company submits its own standards as a measure of the accuracy of the analysis. Field duplicates and pulp duplicates are routinely analyzed for precision at ALS Chemex located in Vancouver, BC. ALS Chemex is an ISO 9001:2000 registered laboratory and is preparing for ISO 17025 certification. IPL is an ISO 9002 certified laboratory. Sample results are received in batches and not as assays for an entire drillhole. The exploration program is being carried out by John Zhang, Project Manager, and John Paterson, President, Southwestern Resources Corp., (Member, AUSIMM AUSIMM Australasian Institute of Mining and Metallurgy - and the Qualified Person for the Project). Southwestern Resources Corp. is exploring in several countries for precious and base metals. The Company has a number of significant projects including the Boka Gold Project in China with Team 209, the Liam Gold-Silver Project in Peru with Newmont Peru Limited and the Antay Porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. Copper-Gold Project in Peru with Anglo American Exploration Peru S.A. as well as the 100% owned Accha Zinc Project in Peru. The Company is also exploring for porphyry copper- gold in a large area of southwestern Yunnan Province, China under a Joint Venture with Newmont Overseas Exploration Limited. Forward-Looking Statement 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. Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Corporation's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement. Southwestern Resources Corp. (TSX:SWG) |
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