Channel Resources Reports Drilling Results for Mankarga 1 and Mankarga 1-South Areas at Tanlouka Gold Project, Burkina Faso
2012年8月31日 - 10:00PM
Marketwired Canada
Channel Resources Ltd. ("Channel" or the "Company") (TSX VENTURE:CHU) is pleased
to report on assay results from an exploratory 2,100 metre drilling program on
the Mankarga 1 area at the Tanlouka Gold Project ("Tanlouka") in Burkina Faso,
West Africa.
Channel designed this drilling program with two main objectives: (1) to
determine the spatial orientation of high-grade structures discovered in
2010/2011 reverse circulation ('RC") drill holes on the Mankarga 1 target; and
(2) to test the area south of Mankarga 1 ("Mankarga 1-South") for extensions of
the Mankarga 5 structure into that area.
Mankarga 1
The locations and orientations of holes TAN12-DD72 through TAN12-DD75 and
TAN12-DD83 were designed to twin or undercut RC holes drilled in 2010 and early
2011 that intersected mineralization in multiple high-grade zones. Earlier
follow-up on these discovery holes with RC drilling was impeded by the fact that
the complex structural characteristics of this target area could not be
determined from RC-derived rock chips. The current program was conducted using
oriented core drilling to provide an enhanced perspective on the structure and
allow for a better interpretation and modeling of the area as an aid to
orienting future drill programs.
Holes TAN12-DD72, TAN12-DD73, TAN12-DD74 and TAN12-DD75 were drilled as twins of
TAN10-RC12, TAN10-RC10, TAN10-RC13 and TAN11-RC51 (results reported on January
12, 2011, September 8, 2010 and March 24, 2011) respectively for structural
analysis. Most of the core-derived grade-thickness data from Mankarga 1 were
generally consistent with those from their RC twins,, although varying degrees
of smearing of high-grade mineralization and some contamination in the RC holes
was evident.
Measurements from the oriented core indicate that mineralization in holes
TAN12-DD73 and TAN12-DD74 is related to east-north-east and east-south-east
trending structures that dip steeply to the north. Mineralization in hole
TAN12-DD75, which is far more confined than indicated in its RC twin
(TAN11-RC51), is contained in north-north-west trending zones that dip at
approximately 70 degrees to the northeast. The down-dip extension of the
mineralization in TAN12-DD75 is believed to be represented by the upper two
intersections in TAN12-DD83. While the mineralized trends identified in holes
TAN12-DD72, TAN12-DD73 and TAN12-DD74, suggest that these zones were adequately
tested by bracketing RC holes, and found to be limited in scope, those
intersected in holes TAN12-DD75 and TAN12-DD83 show continuity down dip and have
potential for strike continuity. Accordingly, this trend will require follow-up
exploration drilling at a later date.
Mankarga 1-South
Holes TAN12-DD77 through TAN12-DD82 were drilled along a north-south trending
1,300 metre stretch of ground south of Mankarga 1 to just north of the south end
of the Mankarga 5 trend. This zone is characterized by a north-south trending
gold-in-soil anomaly first defined in 1998 by a 500 metre by 100 metre regional
soil grid that covers the eastern part of the Tanlouka permit. This anomaly
forms a general 'V' shaped structure with the Mankarga 5 deposit located along
its north-east trending arm, and the Mankarga 1 target in the middle of its
north-west trending arm.
Drilling patterns have intersected a metasediment / metavolcanic contact zone
that trends roughly north-northwest through the area and dips steeply westwards.
Weak mineralization related to silicified zones and veins was intersected in
both the metasediments (TAN12-DD77, TAN12-DD78, and TAN12-DD81) as well as in
the metavolcanics (TAN12-DD78, TAN12-DD80, and TAN12-DD81) on either side of the
contact. Hole TAN12-DD78 intersected an extensive zone (approx. 84 metres from
56 metres down-hole) of pervasively silicified metavolcanic rocks reminiscent of
the more strongly mineralized zones within the Mankarga 5 structure; however, in
TAN12-DD78, only relatively narrow and weakly mineralized intervals were
intersected. This limited drilling program in Mankarga 1-South has encountered
prospective geology, indicative alteration and gold mineralization in close
proximity to the Mankarga 5 deposit. Follow-up exploration drilling will be
undertaken at a later date.
Detailed results from the eight holes reported in this release are presented in
Appendix A to this release, and can be viewed on a drill hole location map
presented on the Company's website at
http://www.channelresources.ca/i/pdf/CHUmap083112.pdf. Please refer to Channel's
drilling, sampling and assay reporting practices below the results table for
further information on how the results are reported.
Exploration of the Tanlouka Project Advancing Quickly
Channel's activities at the Tanlouka gold project are focused on both advancing
the Mankarga 5 deposit as quickly as possible through to feasibility and
development, and demonstrating the exploration potential of the Mankarga 5
deposit and the remainder of the permit. The Company has recently reported on
numerous work programs, including positive metallurgical testing on oxidized and
non-oxidized samples from the Mankarga 5 deposit, and the maiden resource
estimate for the Mankarga 5 deposit. The Company has also recently completed
soil sampling programs on the Manesse and Tanwaka target areas to the north of
the Mankarga Zone on the 79 square kilometre Tanlouka permit. Future drill
programs and other exploration activities are being planned for Mankarga 5 and
other targets on the Tanlouka permit, based on results of current programs and
will be announced in due course.
Note re QA/QC Testing Procedures
Channel Resources Ltd. maintains a rigorous quality control program involving
the use of duplicate samples and blanks and certified gold standards from an
accredited Canadian laboratory in every batch of 20 samples. Core samples are
assayed using standard fire assay techniques on a 50-gram charge with an atomic
absorption finish by ACTLABS - Burkina Faso SARL in Ouagadougou, Burkina Faso.
Samples assaying over 5.0 g/t Au were re-assayed gravimetrically. RC samples
discussed in this release were assayed using standard fire assay techniques on a
50-gram charge with an atomic absorption finish at Abilab Burkina SARL (ALS
Laboratory Group) in Ouagadougou. The drilling program was supervised by John
Adams P.Geo., a qualified person as defined by NI 43-101, who has reviewed the
contents of this news release.
Some of the statements contained herein are forward-looking statements, which
involve known and unknown risks and uncertainties. Without limitation,
statements regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward looking
statements that involve various degrees of risk. The following are important
factors that could cause the Company's actual results to differ materially from
those expressed or implied by such forward looking statements: changes in the
price of minerals, general market conditions, risks inherent in mineral
exploration, risks associated with development, construction and mining
operations, the uncertainty of future profitability and the uncertainty of
access to additional capital. The Company undertakes no obligation to update
publicly or otherwise revise any forward-looking statements or the foregoing
list of factors, whether as a result of new information or future events or
otherwise. Further disclosure on risk factors is available in the Company's
various corporate filings at www.sedar.com.
APPENDIX A - Significant Assay Results
----------------------------------------------------------------------------
Weighted
Interval Average
(metres) Intercept Grade
Hole Number From To (metres) (g/t Au)
----------------------------------------------------------------------------
MANKARGA 1
----------------------------------------------------------------------------
TAN12-DD72 63.2 65.0 1.8 1.08
--------------------------------
Hole length 152.0m 67.0 69.5 2.5 13.69
--------------------------------
-50 degrees/210 degrees azimuth includes 68.65 69.0 0.35 91.3
--------------------------------
Twin of Tan10-RC12 96.9 101.0 4.1 0.20
--------------------------------
102.5 105.5 3.0 0.25
----------------------------------------------------------------------------
----------------------------------------------------------------------------
TAN12-DD73 35.0 38.0 3.0 0.16
--------------------------------
Hole length 152.0m 56.0 60.5 4.5 14.74
--------------------------------
-50 degrees/180 degrees azimuth includes 57.5 59.0 1.5 41.30
--------------------------------
Twin of Tan10-RC10 62.0 74.0 12.0 6.03
--------------------------------
includes 62.0 63.5 1.5 31.40
--------------------------------
and 68.0 69.5 1.5 12.90
--------------------------------
80.0 93.0 13.0 1.65
----------------------------------------------------------------------------
----------------------------------------------------------------------------
TAN12-DD74 51.5 54.0 2.5 0.47
--------------------------------
Hole length 146.0m 64.2 71.0 6.8 1.90
--------------------------------
-50 degrees/180 degrees azimuth includes 64.2 65.0 0.8 13.20
--------------------------------
Twin of Tan10-RC13 78.5 83.0 4.5 0.78
--------------------------------
87.5 99.5 12.0 0.44
----------------------------------------------------------------------------
----------------------------------------------------------------------------
TAN12-DD75 28.5 30.0 1.5 5.95
--------------------------------
Hole length 200.0m 32.0 36.0 4.0 0.25
--------------------------------
-50 degrees/230 degrees azimuth
--------------------------------
Twin of Tan11-RC51
----------------------------------------------------------------------------
----------------------------------------------------------------------------
TAN12-DD76 16.0 18.5 2.5 0.40
--------------------------------
Hole length 155m 21.5 23.0 1.5 0.17
--------------------------------
-50 degrees/214 degrees azimuth
--------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
TAN12-DD83 64.1 65.0 0.90 4.36
--------------------------------
Hole length 218m 75.5 90.5 15.0 0.85
--------------------------------
-50 degrees/230 degrees azimuth includes 81.9 82.1 0.2 12.1
--------------------------------
122.0 123.5 1.5 1.34
----------------------------------------------------------------------------
MANKARGA 1S
----------------------------------------------------------------------------
TAN12-DD77 12.0 24.0 12.0 0.36
--------------------------------
Hole length 200.0m
--------------------------------
-50 degrees/90 degrees azimuth
----------------------------------------------------------------------------
----------------------------------------------------------------------------
TAN12-DD78 29.5 33.0 3.5 2.44
--------------------------------
Hole length 200.0m 60.6 63.0 2.4 0.40
--------------------------------
-50 degrees/90 degrees azimuth 67.5 70.5 3.0 0.92
--------------------------------
73.5 81.0 7.5 0.17
--------------------------------
95.0 96.5 1.5 0.55
----------------------------------------------------------------------------
----------------------------------------------------------------------------
TAN12-DD79 99.5 101.0 1.5 0.42
--------------------------------
Hole length 161.0m
--------------------------------
-50 degrees/90 degrees azimuth
----------------------------------------------------------------------------
----------------------------------------------------------------------------
TAN12-DD80 73.5 80.0 6.5 0.25
--------------------------------
Hole length 164.0m 88.0 93.5 5.5 0.21
--------------------------------
-50 degrees/90 degrees azimuth 99.5 102.5 3.0 0.37
----------------------------------------------------------------------------
----------------------------------------------------------------------------
TAN12-DD81 62.5 68.2 5.7 0.63
--------------------------------
Hole length 176.0m 95.0 99.5 4.5 0.48
--------------------------------
-50 degrees/90 degrees azimuth
----------------------------------------------------------------------------
N.B. TAN12-DD82 (176.0 metres, -50 degrees/50 degrees azimuth) had no
significant intersections
Drilling, sampling and reporting practices:
-- All hole collars are set to dip at -50 degrees to their respective
azimuths.
-- Core holes are sampled geologically with a maximum sample interval of
1.5 metres.
-- "Mineralized rock" is defined as rock with a grade of over 0.10 g/t Au.
-- The amount of internal waste (i.e. with a grade of less than 0.10 g/t
Au) included in a reported mineralized interval does not exceed 10%.
-- No top cut has been applied to the individual grades before weighted
average grades have been calculated.
-- Unless otherwise stated, reported intersections are downhole lengths.
True widths shall be determined once geological modeling of the zone has
been completed.
Channel Resources Ltd. (TSXV:CHU)
過去 株価チャート
から 5 2024 まで 6 2024
Channel Resources Ltd. (TSXV:CHU)
過去 株価チャート
から 6 2023 まで 6 2024
