New drill results from Mahab 4
include:
GRB5D093 - 12.73 metres @ 5.03% Cu, 0.29 g/t Au, 2.00% Zn and
16.00 g/t Ag of primary massive sulphide from 130.7 metres down
hole depth
GRB5D097 - 18.49 metres @ 5.25% Cu, 0.30 g/t
Au, 0.80% Zn and 12.50 g/t Ag from 70.6 metres down hole in primary
massive sulphide and semi-massive sulphide
mineralisation
TORONTO,
April 5, 2012 /PRNewswire/ - Gentor
Resources Inc. ("Gentor") (TSX-V - "GNT" & OTCQB - "GNTO") and
its Omani partner Al Fairuz Mining Company LLC are pleased to
announce further assay results from evaluation drilling of the
Mahab 4 Cyprus-type copper
discovery in Block 5, in Oman.
This includes results for the latest four drill holes,
B5MB4D093 to B5MB4D103 plus extra analyses for hole
B5MB4D070 that are summarized in Table 1 and presented in
attached sectional Figure 4. These results have allowed the
construction of a sectional based wire frame model for the deposit
in preparation for the estimation of the maiden resource on this
deposit. Hellman & Schofield have been commissioned to
undertake a National Instrument 43-101 compliant resource
estimation in the next few months. The wire framed model has
been constructed to a maximum vertical depth of 130 metres and with
a total of 51 core holes representing an aggregate of 6,195.94
metres of drilling.
Maqail South
Previously reported drilling at Maqail South consisted of eight
mineralised holes on 50 metre spaced sections which defined a
high-grade massive sulphide lens with strike and dip dimensions of
100 metres x 80 metres above low-grade stringer mineralisation
centred on drillhole B5MSD031 (refer Figure 2). Further
drilling has been conducted at Maqail South (as shown on Table 2
and Figure 2) but assay results are awaited.
Regional Exploration
Reverse circulation drilling during late 2011 and early 2012 tested
a series of VTEM anomalies and geological targets in Blocks 5 and
6. Encouraging drill assay results were returned from three
areas - Mahab 2, Maqail and Sarami (locations shown in Figure
3). Significant results outlined in Table 3 came from three
holes at Mahab 2 with up to 5.00 metres grading 2.81% Cu in
stockwork mineralisation, one hole at Sarami gave three intervals
of +2% Cu in stringer veins including 4.00 metres at 3.30% Cu, and
one hole at Maqail included two intervals including 1.00 metre at
1.08% Cu &1.29g/t Au containing massive sulphide clasts in a
polymictic breccia. All these prospects warrant further
evaluation by diamond drilling. Drilling is currently
underway at Maqail to determine the source of the massive sulphide
clasts.
Locality 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=517002
Gentor's President & CEO Dr. Peter
Ruxton commented: "Gentor has now drill defined two
massive sulphide deposits to date in Oman upon which resource estimations can be
made. And we are in the process of defining new targets to
expand our resource base in 2012."
TABLE 1. Summary of Mahab 4 Significant
Intersections from Jan - March
2012.
Hole # |
From |
To |
Intercept |
Copper |
Gold |
Zinc |
Silver |
Mineralisation |
Mahab 4 |
m |
m |
m |
% |
gt |
% |
g/t |
|
|
|
|
|
|
|
|
|
|
B5MB4D070 |
*12.42 |
36.46 |
24.04 |
6.32 |
0.49 |
1.1 |
24.2 |
MS |
and: |
*42.00 |
44.00 |
2.00 |
1.00 |
0.04 |
0.1 |
1.5 |
QVS |
and: |
*55.20 |
59.27 |
4.07 |
1.50 |
0.06 |
0.1 |
3.2 |
QVS |
and: |
64.00 |
69.00 |
5.00 |
0.38 |
0.04 |
0.2 |
0.8 |
QVS |
|
|
|
|
|
|
|
|
|
B5MB4D093 |
115.39 |
116.34 |
0.95 |
8.49 |
0.18 |
0.9 |
21.0 |
MS |
and: |
130.74 |
143.47 |
12.73 |
5.03 |
0.29 |
2.0 |
16.0 |
MS |
|
|
|
|
|
|
|
|
|
B5MB4D095 |
125.50 |
158.72 |
33.22 |
0.24 |
0.03 |
0.1 |
1.3 |
QVS/SMS/MS |
including: |
152.00 |
158.72 |
6.72 |
0.54 |
0.05 |
0.3 |
1.7 |
MS/QVS |
|
|
|
|
|
|
|
|
|
B5MB4D097 |
70.60 |
89.09 |
18.49 |
5.25 |
0.30 |
0.8 |
12.5 |
MS |
|
|
|
|
|
|
|
|
|
B5MB4D103 |
127.00 |
155.00 |
28.00 |
0.63 |
0.02 |
0.0 |
1.3 |
QVS |
including: |
127.00 |
141.00 |
14.00 |
0.83 |
0.02 |
0.0 |
1.5 |
QVS |
|
|
|
|
|
|
|
|
|
* Figures were reported previously
(Codes: MS = Massive Sulphide, SMS = Semi-Massive Sulphide, QVS =
Quartz Vein Stringer)
TABLE 2. Core holes completed at Maqail South
(April 2012)
Maqail South
Drill Summary April 2012 |
Hole |
Easting |
Northing |
Elevation |
Dip
(°) |
Azimuth
(°) |
Length
(m) |
B5MQSD092 |
453635.52 |
2661266.74 |
382.138 |
70 |
310 |
147.35 |
B5MQSD094 |
453467.83 |
2661213.73 |
401.029 |
90 |
|
102.30 |
B5MQSD096 |
453513.88 |
2661363.51 |
369.565 |
70 |
310 |
63.10 |
B5MQSD098 |
453477.97 |
2661329.64 |
365.794 |
70 |
310 |
51.30 |
B5MQSD099 |
453540.18 |
2661160.86 |
398.109 |
90 |
|
99.30 |
B5MQSD101 |
453662.31 |
2661170.71 |
375.210 |
90 |
|
51.65 |
B5MQSD102 |
453717.04 |
2661191.81 |
380.114 |
60 |
305 |
48.55 |
B5MQSD104 |
453407.61 |
2661264.16 |
373.081 |
90 |
|
46.20 |
B5MQSD105 |
453578.3 |
2661243.33 |
415.000 |
60 |
40 |
70.50 |
B5MQSD106 |
453367.71 |
2661162.66 |
396.640 |
90 |
|
46.00 |
B5MQSD108 |
453446.46 |
2661099.69 |
392.159 |
90 |
|
83.90 |
B5MQSD110 |
453413.06 |
2661064.87 |
391.638 |
90 |
|
80.25 |
B5MQSD112 |
453473.67 |
2660920.81 |
353.264 |
90 |
|
77.35 |
B5MQSD113 |
453536.93 |
2661040.34 |
373.580 |
90 |
|
141.15 |
B5MQSD115 |
453358.26 |
2661078.53 |
388.043 |
69 |
310 |
45.25 |
B5MQSD116 |
453398.61 |
2660923.48 |
347.152 |
70 |
310 |
61.75 |
B5MQSD118 |
453467.03 |
2661018.25 |
358.135 |
90 |
|
72.25 |
Coordinates in projection UTM zone 40N, datum
WGS84
Note: Reference is made to Table 2 of Gentor's press releases dated
November 14, 2011 and January 31, 2012 for the above type of
information relating to the holes reported on in this press
release.
TABLE 3. Reverse Circulation Drilling-
Significant Results to Date
Prospect |
Hole # |
From |
To |
Intercept |
Copper |
Gold |
Zinc |
Silver |
Mineralisation |
|
|
m |
m |
m |
% |
gt |
% |
g/t |
|
|
|
|
|
|
|
|
|
|
|
Mahab 2 |
B5MB2RC01 |
49 |
54 |
5.00 |
2.81 |
0.01 |
0.0 |
18.4 |
QVS |
|
|
|
|
|
|
|
|
|
|
Mahab 2 |
B5MB2RC03 |
20 |
29 |
9.00 |
0.67 |
0.01 |
0.0 |
2.3 |
QVS |
|
|
|
|
|
|
|
|
|
|
Mahab 2 |
B5MB2RC04 |
19 |
22 |
3.00 |
0.46 |
0.01 |
0.0 |
1.7 |
QVS |
|
and: |
34 |
43 |
9.00 |
1.86 |
0.02 |
0.0 |
5.0 |
QVS |
|
|
|
|
|
|
|
|
|
|
Sarami |
B5SRMRC01 |
76 |
78 |
2.00 |
2.26 |
0.02 |
0.2 |
6.5 |
QVS |
|
and: |
99 |
103 |
4.00 |
3.20 |
0.06 |
0.1 |
20.5 |
QVS |
|
and: |
115 |
119 |
4.00 |
3.30 |
0.05 |
0.1 |
9.8 |
QVS |
|
|
|
|
|
|
|
|
|
|
Maqail |
B5MQLRC04 |
53 |
58 |
5.00 |
0.69 |
0.31 |
0.1 |
2.2 |
MS clasts in
BXA |
|
includes: |
53 |
54 |
1.00 |
2.16 |
0.18 |
0.1 |
2.0 |
MS clasts in
BXA |
|
|
57 |
58 |
1.00 |
1.08 |
1.29 |
0.4 |
8.0 |
MS clasts in
BXA |
|
|
|
|
|
|
|
|
|
|
(Codes: MS = Massive Sulphide, QVS = Quartz Vein
Stringer, BXA = Breccia)
Qualified Person
The exploration results disclosed in this press
release have been reviewed, verified (including sampling,
analytical and test data) and compiled by senior geologists under
the direction of 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 and mineralised intervals. (CNW Group/Gentor Resources
Inc.)". Image available at:
http://photos.newswire.ca/images/download/20120405_C3504_PHOTO_EN_11999.jpg
Image with caption: "FIGURE 2 - Maqail South geological plan
showing VTEM anomalies and drill holes. (CNW Group/Gentor Resources
Inc.)". Image available at:
http://photos.newswire.ca/images/download/20120405_C3504_PHOTO_EN_12000.jpg
Image with caption: "FIGURE 3 - Block 5 Prospect Summary
April 2012. (CNW Group/Gentor
Resources Inc.)". Image available at:
http://photos.newswire.ca/images/download/20120405_C3504_PHOTO_EN_12001.jpg
Image with caption: "FIGURE 4 - Mahab 4 - Section 2 showing
drill holes and mineralised intervals (CNW Group/Gentor Resources
Inc.)". Image available at:
http://photos.newswire.ca/images/download/20120405_C3504_PHOTO_EN_12002.jpg