New drill results include:
B5MB4D070 - 24.04 metres @ 6.32% Cu, 0.49 g/t Au, 1.10% Zn
& 24.2 g/t Ag from 12.42 metres of primary/supergene massive
sulphide
B5MB4D071 - 56.85 metres @ 6.21% Cu, 0.22 g/t Au, 0.90% Zn
& 10.4 g/t Ag from 63.15 metres in massive and semi-massive
sulphide
TORONTO,
Jan. 31, 2012 /PRNewswire/ - Gentor
Resources, Inc. ("Gentor" or the "Company") (TSX-V - "GNT" &
OTCQB - "GNTO") announces further strong results from their
on-going evaluation drilling of the Mahab 4 "Cyprus-type" volcanogenic massive sulphide
copper discovery in Oman.
Infill diamond drilling at approximately 25 metre spacing, mainly
in the northern and central parts of this shallow body, has
confirmed the continuity of high grade massive sulphide above a
lower grade stringer zone. Although in its original position,
the final shape of the deposit shows marked faulting.
Evaluation drilling of the Mahab 4 deposit is
now close to completion. This press release reports the assay
results of a further ten drill holes, B5MB4D70 to
B5MB4D91 - summarized in Table 1. The remaining
evaluation drill holes have been logged and sampled with final
assay results expected during February/March
2012. Following receipt of all drill assay information, an
independent resource consultant will be mandated to conduct a
preliminary resource estimation on the Mahab 4 deposit. From
the discovery of Mahab 4 in 2010, until mid-January 2012, Gentor has drilled 51 diamond
drill holes for 6,179.73 metres at Mahab 4.
Drill focus will now switch to Maqail South
where Gentor discovered a second massive sulphide deposit in 2010
and up until the end of 2011 has drilled 16 diamond holes for
1,692.58 metres.
An active regional exploration and drilling
programme will continue in the Block 5 and 6 Oman tenements in
2012.
Location plans of the Oman concessions, the key prospect areas and
reported drill holes on sections are found accompanying this press
release on the Company's web site:
http://www.gentorresources.com/s/NewsReleases.asp?ReportID=504627
Gentor's President & CEO Dr. Peter Ruxton commented: "The infill
evaluation drilling programme at Mahab 4 has enabled us to better
define the irregular shape of this near-surface, high grade massive
sulphide body and to construct a wire frame geological model in
preparation for resource estimation. Further drilling will
focus at Maqail South in combination with our continued regional
exploration effort to expand our potential resource base in
Oman."
TABLE 1. Summary of Mahab 4 Significant Intersections
from Nov 2011- Jan 2012.
Hole # |
From |
To |
Intercept |
Copper |
Gold |
Zinc |
Silver |
Mineralization |
Mahab 4 |
m |
m |
m |
% |
gt |
% |
g/t |
Type |
|
|
|
|
|
|
|
|
|
B5MB4D070 |
12.42 |
36.46 |
24.04 |
6.32 |
0.49 |
1.10 |
24.2 |
MS |
including: |
12.42 |
26.44 |
14.02 |
5.65 |
0.64 |
0.90 |
32.5 |
MS Supergene |
and: |
42.00 |
44.00 |
2.00 |
1.00 |
0.04 |
0.10 |
1.5 |
QVS |
and: |
55.20 |
59.27 |
4.07 |
1.50 |
0.06 |
0.10 |
3.2 |
QVS |
|
|
|
|
|
|
|
|
|
B5MB4D071 |
63.15 |
120.00 |
56.85 |
6.21 |
0.22 |
0.90 |
10.4 |
MS/SMS |
including: |
63.15 |
84.99 |
21.84 |
7.10 |
0.30 |
1.50 |
18.1 |
MS |
|
|
|
|
|
|
|
|
|
B5MB4D074 |
Reported
Previously |
|
|
|
|
|
|
|
|
|
B5MB4D075 |
91.00 |
96.34 |
5.34 |
7.84 |
0.22 |
1.20 |
6.0 |
MS |
|
|
|
|
|
|
|
|
|
B5MB4D077 |
68.64 |
71.36 |
2.72 |
0.81 |
0.15 |
1.60 |
6.7 |
UMB/MS |
|
|
|
|
|
|
|
|
|
B5MB4D079 |
96.00 |
105.00 |
9.00 |
0.44 |
0.04 |
0.10 |
1.4 |
QVS/SMS |
and |
124.00 |
130.35 |
6.35 |
0.40 |
0.04 |
0.00 |
1.4 |
QVS |
|
|
|
|
|
|
|
|
|
B5MB4D082 |
82.45 |
116.00 |
33.55 |
0.55 |
0.09 |
0.90 |
3.7 |
MS/QVS |
including: |
82.45 |
83.80 |
1.35 |
3.84 |
0.29 |
5.70 |
18.8 |
MS |
and including: |
99.00 |
109.00 |
10.00 |
0.76 |
0.14 |
0.90 |
5.3 |
QVS/BXA |
|
|
|
|
|
|
|
|
|
B5MB4D083 |
45.15 |
88.44 |
43.29 |
3.62 |
0.24 |
0.90 |
11.8 |
MS/SMS/QVS |
including: |
45.15 |
70.00 |
24.85 |
5.12 |
0.31 |
0.80 |
15.6 |
MS/SMS |
and including: |
70.00 |
86.00 |
16.00 |
1.79 |
0.13 |
0.80 |
6.5 |
SMS/QVS |
|
|
|
|
|
|
|
|
|
B5MB4D084A |
11.90 |
24.50 |
12.60 |
0.02 |
2.52 |
0.00 |
16.2 |
GOS |
and: |
24.50 |
86.00 |
61.50 |
2.08 |
0.14 |
0.70 |
7.7 |
MS/SMS/QVS |
including: |
24.50 |
40.95 |
16.45 |
5.29 |
0.39 |
1.70 |
19.9 |
MS/SMS |
including: |
24.50 |
33.00 |
8.50 |
6.55 |
0.65 |
2.70 |
31.8 |
MS Supergene |
and: |
108.60 |
116.00 |
7.40 |
1.50 |
0.04 |
0.00 |
3.2 |
MS/QVS |
|
|
|
|
|
|
|
|
|
B5MB4D088 |
133.87 |
142.00 |
8.13 |
4.67 |
0.12 |
0.70 |
9.4 |
MS |
|
|
|
|
|
|
|
|
|
B5MB4D091 |
129.50 |
147.67 |
18.17 |
5.18 |
0.16 |
0.80 |
10.0 |
MS |
(Codes: MS = Massive Sulphide, SMS = Semi-Massive Sulphide,
QVS = Quartz Vein Stringer, GOS = Gossan, UMB = Umber, BXA =
Breccia)
TABLE 2. Core holes completed at Mahab 4 (Nov 2011 to Jan
2012)
Hole No |
Section |
Easting |
Northing |
Dip |
Azim |
Length
(m) |
B5MB4D084 |
1a |
468758 |
2656163 |
60 |
255 |
27.05 |
B5MB4D084A |
1a |
468758 |
2656165 |
60 |
255 |
140.56 |
B5MB4D086 |
3 |
468638 |
2656205 |
55 |
075 |
157.85 |
B5MB4D088 |
5 |
468670 |
2656314 |
71 |
075 |
149.00 |
B5MB4D089 |
5a |
468663 |
2656335 |
75 |
075 |
154.70 |
B5MB4D091 |
4a |
468670 |
2656314 |
67 |
095 |
157.80 |
B5MB4D093 |
4 |
468663 |
2656254 |
60 |
065 |
153.60 |
B5MB4D095 |
4 |
468663 |
2656254 |
70 |
065 |
162.45 |
B5MB4D097 |
2 |
468708 |
2656181 |
65 |
075 |
100.75 |
B5MB4D100 |
2 |
468676 |
2656167 |
76 |
075 |
142.15 |
B5MB4D103 |
0 |
468677 |
2656060 |
65 |
055 |
100.00 |
Note: Reference is made to Table 2 of Gentor's
press release dated November 14, 2011
for the above type of information relating to holes B5MB4D070 to
B5MB4D083.
Summary
Recent drilling at Mahab 4 has now better
defined the dimensions of this wedge-shaped, northerly plunging,
fault-controlled deposit that may have been formed in a graben at
the contact between the footwall Geotimes pillow lavas and the
overlying Lasail Unit pillowed sequence. The Mahab 4 deposit, as
defined, has a strike of approximately 330 metres between Sections
1S to 5aN, is cut off by faults at both ends and lies underneath a
moderately west dipping reverse fault - the Main Fault (see Figure
1).
The deposit is also constrained to the east by
northerly trending linear structures that may have originally been
sea-floor growth faults that controlled deposition of the
mineralization. The Mahab 4 body is exposed at surface south
of Section 2 and is represented by
a narrow gold gossan (12.6 metres @ 2.52 g/t Au in hole B5MB4D084A
from depth of 11.90 metres) developed above supergene enriched
massive sulphides that plunge shallowly to the north - see the long
section in Figure 2. Infill drilling on five intermediate 25
metre sections was required to determine ore shapes for wire frame
geological modeling (for example see cross sections in Figures 3-5)
and to provide additional core for initial metallurgical testing of
ore types - currently in-progress.
Potential faulted extensions of Mahab 4 along
strike to the north and south are possible and will be evaluated by
using ground geophysics and drilling.
Qualified Person
The exploration results disclosed in this press
release have been reviewed, verified (including sampling,
analytical and test data) and compiled by Dr. Peter Ruxton, who is a Professional Member of
the Institute of Materials, Minerals and Mining (I.M.M.M.), the
Company's President and Chief Executive Officer and a "qualified
person" (as such term is defined in Canadian National Instrument
43-101 as promulgated by the Canadian Securities
Administrators).
Technical Report
Additional information with respect to the
Company's Omani properties is contained in the technical report
prepared by Venmyn Rand (Pty) Ltd, dated December 31, 2010 and entitled "National
Instrument 43-101 Independent Technical Report on Block 5 and Block
6 Copper Projects, Semail Ophiolite Belt, Sultanate of Oman held by Gentor Resources, Inc." A
copy of this report can be obtained from SEDAR at
www.sedar.com.
About Gentor
Gentor is a mineral exploration company whose
projects include copper and gold properties in the Sultanate of
Oman and a
molybdenum-tungsten-silver property in East Central Idaho,
U.S. The Company's strategy is to create shareholder value by
developing highly prospective mineral properties around the globe,
with current focus in the Sultanate of Oman. In Oman, Gentor is partnered with Al Fairuz
Mining Company LLC on its Block 5 exploration tenement and Al Zuhra
Mining Company LLC on Block 6.
Cautionary Notes
Forward-Looking Information: This press release
contains forward-looking information. All statements, other than
statements of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will
or may occur in the future (including, without limitation,
statements regarding drilling and other exploration results,
potential mineral resources, potential mineralization and the
Company's exploration and development plans) are forward-looking
information. This forward-looking information reflects the current
expectations or beliefs of the Company based on information
currently available to the Company. Forward-looking information is
subject to a number of risks and uncertainties that may cause the
actual results of the Company to differ materially from those
discussed in the forward-looking information, and even if such
actual results are realized or substantially realized, there can be
no assurance that they will have the expected consequences to, or
effects on the Company. Factors that could cause actual results or
events to differ materially from current expectations include,
among other things, risks related to the exploration stage of the
Company's properties, the possibility that future exploration
results will not be consistent with the Company's expectations,
changes in world copper or gold markets and equity markets,
political developments in Oman,
uncertainties relating to the availability and costs of financing
needed in the future, the uncertainties involved in interpreting
exploration results and other geological data and the other risks
involved in the mineral exploration business. Forward-looking
information speaks only as of the date on which it is provided and,
except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any
forward-looking information, whether as a result of new
information, future events or results or otherwise. Although the
Company believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking
information is not a guarantee of future performance and
accordingly undue reliance should not be put on such information
due to the inherent uncertainty therein.
The United States Securities and Exchange
Commission (the "SEC") permits mining companies, in their filings
with the SEC, to disclose only those mineral deposits that a
company can economically and legally extract or produce. U.S.
investors are cautioned not to assume that any disclosure of
mineralization contained in this press release is economically or
legally mineable. U.S. investors are urged to closely consider all
of the disclosures in the Company's reports filed pursuant to the
United States Securities Exchange Act of 1934 which may be secured
from the Company, or from the SEC's website at
http://www.sec.gov/edgar.html.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Gentor Resources Inc.
Image with caption: "FIGURE 1 - Mahab 4 geological plan showing
drill holes, geology and mineralised intervals. (CNW Group/Gentor
Resources Inc.)". Image available at:
http://photos.newswire.ca/images/download/20120131_C8116_PHOTO_EN_9462.jpg
Image with caption: "FIGURE 2 - Mahab 4 geological long section
showing drill holes, geological interpretation and mineralised
intervals. (CNW Group/Gentor Resources Inc.)". Image available at:
http://photos.newswire.ca/images/download/20120131_C8116_PHOTO_EN_9463.jpg
Image with caption: "FIGURE 3 - Mahab 4 geological cross section
- Section 3a - showing drill
holes, geological interpretation and mineralised intervals. (CNW
Group/Gentor Resources Inc.)". Image available at:
http://photos.newswire.ca/images/download/20120131_C8116_PHOTO_EN_9464.jpg
Image with caption: "FIGURE 4 - Mahab 4 geological cross section
- Section 4 - showing drill holes,
geological interpretation and mineralised intervals. (CNW
Group/Gentor Resources Inc.)". Image available at:
http://photos.newswire.ca/images/download/20120131_C8116_PHOTO_EN_9465.jpg
Image with caption: "FIGURE 5 - Mahab 4 geological cross section
- Section 4a - showing drill
holes, geological interpretation and mineralised intervals. (CNW
Group/Gentor Resources Inc.)". Image available at:
http://photos.newswire.ca/images/download/20120131_C8116_PHOTO_EN_9466.jpg