Western Silver Drill Results Expand Potential of Penasco Deposit at Penasquito Project.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 -- Western Silver Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :WTC WTC World Trade Center, see there )(AMEX AMEX See: American Stock Exchange :WTZ WTZ wissenschaftlich technologische zusammenarbeit (German) WTZ World Time Zone ) today announced assay results from sixteen holes totaling 10,005 meters completed during first quarter 2005 at the Penasco deposit in the Outcrop 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. , located within its wholly-owned Penasquito silver, gold, zinc zinc, metallic chemical element; symbol Zn; at. no. 30; at. wt. 65.38; m.p. 419.58°C;; b.p. 907°C;; sp. gr. 7.133 at 25°C;; valence +2. Zinc is a lustrous bluish-white metal. It is found in Group 12 of the periodic table. and lead property in central Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. . Ten holes drilled along the north contact confirmed the overall continuity of 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. contact-related gold-silver-lead-zinc 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. and identified similar narrow high-grade zones of structurally controlled mineralization as well as deep Chile Colorado-style mineralization in the adjacent Caracol sediments. Six infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. holes within the Penasco resource intersected significant thicknesses of shallow oxide oxide, chemical compound containing oxygen and one other chemical element. Oxides are widely and abundantly distributed in nature. Water is the oxide of hydrogen. Silicon dioxide is the major component of sand and quartz. and sulfide sulfide, chemical compound containing sulfur and one other element or sulfur and a radical. Sulfides may be salts or esters of hydrogen sulfide, H2S, or may be formed directly, e.g., by heating a metal with sulfur. mineralization that will be incorporated into an updated resource estimate and form part of the full 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. . Assay results for holes WC-212 through WC-227 are reported in this release. A map with hole locations may be found on Western Silver's website at www.westernsilvercorp.com. NORTH CONTACT HIGH-GRADE ZONE Ten step-out holes were drilled along north-south fences to test the north contact of the Penasco breccia where bonanza-grade gold and silver mineralization was previously intersected in holes WC-166 and WC-208. Mineralization is characterized char·ac·ter·ize tr.v. character·ized, character·iz·ing, character·iz·es 1. To describe the qualities or peculiarities of: characterized the warden as ruthless. 2. by massive to semi-massive sulfide veins, veinlets and disseminations that occur on or close to the breccia contact and appear to form a relatively continuous 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 or series of en echelon structures over a minimum area of about 150-200 meters north-south by 150 meters vertically. The zone is open on both the east and west ends. Grades appear to be quite variable within this zone and range from bonanza-grade gold and silver (WC-166 and WC-208) to high-grade gold-silver-lead-zinc such as WC-212 (2.00 meters averaging 8.29 g/t gold, 229 g/t silver, 1.98% lead and 3.55% zinc; WC-213 (0.55 meters averaging 2.17 g/t gold, 771 g/t silver, 22.3% lead and 24.50% zinc); and WC-221 (0.4 meters averaging 2.5 g/t gold, 537 g/t silver, 14.35% lead and 13.65% zinc). Grades may be influenced by both local variations in the attitude of the breccia contact and structural intersections along the curvilinear curvilinear a line appearing as a curve; nonlinear. curvilinear regression see curvilinear regression. breccia contact. Drilling through the breccia contact into the Caracol sediments identified previously unknown zones of narrow, high-grade massive sulfide mineralization thought to be a coarse stockwork Stock´work` n. 1. (Mining) A system of working in ore, etc., when it lies not in strata or veins, but in solid masses, so as to be worked in chambers or stories. 2. (Geol. of both ring and radial veins In anatomy, the radial veins are venae comitantes that accompany the radial artery through the back of the hand and the lateral aspect of the forearm. They join the ulnar veins to form the brachial veins. They follow the same course as the radial artery. that generally parallel the breccia contact. The most notable examples of this type of mineralization include WC-217 (0.9 meters averaging 7.96 g/t gold, 1,030 g/t silver, 26.3% lead and 7.62% zinc); WC-220 (1.7 meters averaging 24.3 g/t gold, 894 g/t silver, 8.3% lead and 8.29% zinc); and WC-221 (0.3 meters averaging 16.35 g/t gold, 1,085 g/t silver, 21.70% lead and 25.6% zinc). Insufficient data are available to establish continuity and orientation of these intercepts. Drilling into the sediments north of the Outcrop breccia also identified deep thick intervals of Chile Colorado-style stockwork mineralization whose upward extent will be determined by further drilling. Examples include: - WC-215, 50.77 meters beginning at 615.47 meters averaging 1.16 g/t gold, 60 g/t silver, 0.75% lead and 1.48% zinc; - WC-220, 46 meters beginning at 436 meters averaging 1.23 g/t gold, 69 g/t silver, 0.83% lead and 0.97% zinc; - WC-221, 96 meters beginning at 496 meters averaging 0.79 g/t gold, 44 g/t silver, 0.79% lead and 1.89% zinc. PENASCO INFILL DRILLING Six core holes were collared in the southern and central portions of the Penasco deposit to better define shallow zones of oxide and sulfide mineralization (WC-218, WC-219, WC-222, WC-224, WC-226 and WC-227). Four of the six holes intersected significant oxide mineralization, including 48 meters in WC-226 beginning at 40 meters averaging 0.26 g/t gold and 83 g/t silver. All of the holes contain thick intervals of sulfide mineralization, most notably WC-224 with 484 meters from 76-560 meters averaging 1.85 g/t gold, 52 g/t silver, 0.29% lead and 1.44% zinc. Six core rigs are currently working on the property: four are proceeding with Penasco infill and north contact definition drilling; one is testing the El Sotol so·tol n. 1. Any of several tall woody plants of the genus Dasylirion of the southwest United States and adjacent Mexico, having prickly-margined leaves and a large panicle of whitish unisexual flowers. 2. target and one is doing condemnation Condemnation bell, book, and candle symbols of Catholic excommunication rite. [Christianity: Brewer Note-Book, 85] Bridge of Sighs passage from Doge’s court to execution chamber in Renaissance Venice. [Ital. Hist. drilling in the mill and tailings Tailings (also known as tailings pile, tails, leach residue, or slickens[1]) are the materials left over[2] after the process of separating the valuable fraction from the worthless fraction of an ore. area. Dr. Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs Patton Pat·ton , Charley 1881-1934. American blues singer and guitarist who wrote several blues standards, including "Mississippi Boll Weevil Blues," and helped pioneer the Mississippi blues style. is the qualified person responsible for the preparation of this release in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with NI-43-101. Western Silver Corporation is a publicly-traded mineral exploration company focused on discovering and developing silver properties in the Americas. The Company's primary project, the 100%-owned Penasquito property in central Mexico, is emerging as a silver-gold-lead-zinc district with significant exploration upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside . The Chile Colorado deposit at Penasquito has been independently confirmed as one of the largest undeveloped silver deposits in the world and is economic at conservative metal prices. An independent resource calculation has also been released for the nearby Penasco deposit. Western Silver also has an interest in the world class San Nicolas San Nicolas or San Nicolás ("Saint Nicholas") may refer to:
Cominco started in 1906 as The Consolidated Mining and Smelting Company of Canada, formed by the amalgamation of several and owns the Carmacks Copper Project in the Yukon. On behalf of the board, F. Dale Corman, Chairman and C.E.O.
---------------------------------------------------------------------
Inter-
From-To val Au Ag Pb Zn
Hole Zone (m) (m) (ft) (g/t) (g/t) % %
---------------------------------------------------------------------
WC-212 North 354-445.01 91.01 298.51 0.53 39 0.70 0.88
Bx
---------------------------------------------------------------------
includes 365-367 2.00 6.56 6.61 448 5.94 9.90
---------------------------------------------------------------------
418-424 6.00 19.68 3.24 171 3.33 5.55
---------------------------------------------------------------------
includes 420-422 2.00 6.56 8.29 229 1.98 3.55
---------------------------------------------------------------------
---------------------------------------------------------------------
WC-213 North 436-576.07 140.07 459.43 0.26 20 0.35 0.56
Bx
---------------------------------------------------------------------
includes 448.7-449.25 0.55 1.80 2.17 771 22.30 24.50
---------------------------------------------------------------------
454.8-455.15 0.35 1.15 3.42 681 19.65 17.60
---------------------------------------------------------------------
---------------------------------------------------------------------
WC214 North 54-90 36.00 118.08 0.80 158 1.12 0.53
Bx (i)
---------------------------------------------------------------------
includes 79.5-82.7 3.20 10.50 4.90 1572 10.64 0.30
---------------------------------------------------------------------
464-574 110.00 360.80 2.91 63 0.91 1.71
---------------------------------------------------------------------
includes 504-566 62.00 203.36 4.44 82 1.23 2.40
---------------------------------------------------------------------
includes 532-540 8.00 26.24 11.74 101 1.29 3.05
---------------------------------------------------------------------
---------------------------------------------------------------------
WC-215 North 572-615.47 43.47 142.58 0.52 29 0.31 0.56
Bx
---------------------------------------------------------------------
615.47-666.24 50.77 166.53 1.16 60 0.75 1.48
---------------------------------------------------------------------
624-654 30.00 98.40 1.41 75 0.98 1.74
---------------------------------------------------------------------
---------------------------------------------------------------------
WC-216 North 372-382 10.00 32.80 2.09 149 2.54 4.64
Bx
---------------------------------------------------------------------
includes 378-380 2.00 6.56 8.92 546 9.26 19.85
---------------------------------------------------------------------
492-494 2.00 6.56 6.09 126 3.64 5.55
---------------------------------------------------------------------
674-720 46.00 150.88 0.84 27 0.47 0.92
---------------------------------------------------------------------
includes 676.9-678.86 1.96 6.43 4.43 248 5.66 11.85
---------------------------------------------------------------------
---------------------------------------------------------------------
WC-217 North 306-308 2.00 6.56 1.09 187 4.85 8.04
Bx
---------------------------------------------------------------------
448-456 8.00 26.24 1.17 135 3.18 1.04
---------------------------------------------------------------------
includes 451.1-452 0.90 2.95 7.96 1030 26.30 7.62
---------------------------------------------------------------------
---------------------------------------------------------------------
WC-218 Infill 24.3-68 43.70 143.34 0.17 41.2 0.38 0.21
(i)
---------------------------------------------------------------------
68-352 284.00 931.52 0.38 25.9 0.36 0.86
---------------------------------------------------------------------
386-768.1 382.10 1253.29 0.52 17.6 0.15 0.37
---------------------------------------------------------------------
---------------------------------------------------------------------
WC219 Infill 5.2-46 40.80 133.82 0.11 45 0.62 0.05
(i)
---------------------------------------------------------------------
46-481.28 435.28 1427.72 0.66 37 0.31 0.67
---------------------------------------------------------------------
includes 274.6-278 3.40 11.15 15.31 461 0.54 2.46
---------------------------------------------------------------------
includes 360-384 24.00 78.72 2.02 66 1.21 1.61
---------------------------------------------------------------------
---------------------------------------------------------------------
WC-220 North 356-372 16.00 52.48 1.67 79 0.94 1.61
Bx
---------------------------------------------------------------------
includes 362.1-364.26 2.16 7.08 9.07 432 3.20 9.65
---------------------------------------------------------------------
436-482 46.00 150.88 1.23 69 0.83 0.97
---------------------------------------------------------------------
465.7-467.4 1.70 5.58 24.30 894 8.30 8.29
---------------------------------------------------------------------
---------------------------------------------------------------------
WC-221 North 400-411.4 11.40 37.39 1.02 115 2.22 1.66
Bx
---------------------------------------------------------------------
includes 411-411.4 0.40 1.31 2.50 537 14.35 13.65
---------------------------------------------------------------------
475.8-476.1 0.30 0.98 16.35 1085 21.70 25.60
---------------------------------------------------------------------
496-592 96.00 314.88 0.79 44 0.79 1.89
---------------------------------------------------------------------
includes 547.25-548.27 1.02 3.35 4.22 825 24.60 24.60
---------------------------------------------------------------------
---------------------------------------------------------------------
WC-222 Infill 28-90 62.00 203.36 0.28 53 1.18 0.29
(i)
---------------------------------------------------------------------
90-362 272.00 892.16 0.32 32 0.43 0.56
---------------------------------------------------------------------
400-784.86 384.86 1262.34 1.43 37 0.19 1.22
---------------------------------------------------------------------
---------------------------------------------------------------------
WC-223 North 46-84 38.00 124.64 0.37 14 0.82 0.31
Bx (i)
---------------------------------------------------------------------
358-360 2.00 6.56 10.95 332 0.37 1.05
---------------------------------------------------------------------
530-542 12.00 39.36 0.42 23 0.33 1.20
---------------------------------------------------------------------
includes 532.04-532.4 0.36 1.18 1.48 164 4.26 greater
than
30
---------------------------------------------------------------------
---------------------------------------------------------------------
WC-224 Infill 76-560 484.00 1587.52 1.85 52 0.29 1.44
---------------------------------------------------------------------
includes 76-130 54.00 177.12 0.21 20 0.23 0.38
---------------------------------------------------------------------
130-186 56.00 183.68 0.29 41 0.63 1.22
---------------------------------------------------------------------
186-378 192.00 629.76 1.79 65 0.33 2.54
---------------------------------------------------------------------
402-452 50.00 164.00 5.45 113 0.41 1.06
---------------------------------------------------------------------
452-506 54.00 177.12 1.14 23 0.07 0.64
---------------------------------------------------------------------
506-534 28.00 91.84 5.08 45 0.02 0.74
---------------------------------------------------------------------
534-560 26.00 85.28 1.58 33 0.07 0.34
---------------------------------------------------------------------
---------------------------------------------------------------------
WC-225 North 419.75-421.2 1.45 4.76 2.56 165 2.81 3.92
Bx
---------------------------------------------------------------------
453.87-454.15 0.28 0.92 3.38 666 7.49 1.63
---------------------------------------------------------------------
490-492 2.00 6.56 0.38 78 1.11 2.08
---------------------------------------------------------------------
---------------------------------------------------------------------
WC-226 Infill 40-88 48.00 157.44 0.26 83 1.16 0.78
(i)
---------------------------------------------------------------------
88-430 342.00 1121.76 0.58 40 0.37 1.17
---------------------------------------------------------------------
---------------------------------------------------------------------
WC-227 Infill 50-530 480.00 1574.40 0.90 43 0.54 0.99
---------------------------------------------------------------------
64-80 16.00 52.48 0.13 65 0.81 0.61
---------------------------------------------------------------------
108-198 90.00 295.20 0.30 20 0.21 0.40
---------------------------------------------------------------------
198-284 86.00 282.08 1.26 48 1.00 1.60
---------------------------------------------------------------------
256-272 16.00 52.48 4.96 85 2.42 3.58
---------------------------------------------------------------------
302-344 42.00 137.76 0.58 28 0.46 1.15
---------------------------------------------------------------------
354-530 176.00 577.28 1.51 69 0.66 1.31
---------------------------------------------------------------------
(i) oxide mineralization
Core and RC samples were prepped and analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. by 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. Samples were initially run using conventional 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 with an aqua regia aqua regia (äk`wə rē`jēə) [Lat.,=royal water], corrosive, fuming yellow liquid prepared by mixing one volume of concentrated nitric acid with three to four volumes of concentrated hydrochloric acid. digestion digestion Process of dissolving and chemically converting food for absorption by cells. In the mouth, food is chewed, mixed with saliva, which begins to break down starches, and kneaded by the tongue into a ball for swallowing. process. A series of property specific standards and blanks were routinely submitted with each batch of samples. A 30 gram fire assay with gravimetric gravimetric /grav·i·met·ric/ (grav?i-me´trik) pertaining to measurement by weight; performed by weight, as a gravimetric method of drug assay. grav·i·met·ric adj. 1. finish was run on all samples for gold and silver. Samples containing more than 1% lead or zinc were analyzed using AA with aqua regia digestion. Samples with greater than 5 g/t gold were rerun re·run n. The act or an instance of rebroadcasting a recorded movie or a recorded television performance. tr.v. re·ran , re·run, re·run·ning, re·runs To present a rerun of. by screen and fire assay at ALS Chemex using new 1000 gram pulps Screen and fire assays for the high grade gold values reported in holes WC-221, WC-223 and WC-224 have not been received as of the date of this news release and may be subject to revision. Statements contained in this news release that are not historical facts are 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. as that term is defined in the private securities litigation reform act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission. The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. Western Silver Corporation (TSX:WTC) (AMEX:WTZ) |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion