Huakan Intersects 7.88 g/t Au, 65.2 g/t Ag, 2.17% Pb and 2.84% Zn over 3.32 m in Main Zone Drilling at J&L
2012年7月21日 - 6:46AM
Marketwired Canada
Huakan International Mining Inc. (TSX VENTURE:HK) (the "Company") announces Main
Zone drill results from the remaining holes DDH12-23 through DDH12-45 from the
2012 underground diamond drill program at its J&L precious and polymetallic
(gold-silver-lead-zinc) project, located near Revelstoke, British Columbia. The
drilling program consisted of 45 holes in 9,725 metres aimed at increasing the
indicated resource category for the Main Zone deposit. The program was
successful in intersecting similar grade and thickness of mineralization as
previous nearby holes. An updated resource will be completed once the deposit
has been re-modeled.
Holes DDH12-01 through DDH12-22 were reported in news releases dated June 4th,
June 6th and June 25, 2012 and are repeated here for summary purposes and
context of the full program. The entire program tested 6 target areas, A through
F, which are identified on a longitudinal section on the Company's website. Hole
density or spacing in this campaign averaged 60 metre centres.
Area A
Eleven holes in Area A covered a 200 metre long by 130 metre down dip area of
the Main Zone. Intercepts ranged between 0.56 metres and 8.48 metres of typical
Main Zone mineralization. The length weighted average gold grade for all
intercepts in this area is 5.55 g/t Au (Table 1). Multiple zones were
encountered in some drill holes.
Table 1: 2012 Intercepts in Area A
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From To Length Au Ag Pb Zn
Hole ID (m) (m) (m) (g/t) (g/t) (%) (%)
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DDH12-08(i) 171.75 174.74 2.99 2.88 73.29 3.63 9.35
-----------------------------------------------------------------------
DDH12-09(i) 192.38 193.61 1.23 4.13 71.88 3.03 2.68
-----------------------------------------------------------------------
DDH12-09(i) 206.55 208.11 1.56 1.94 20.94 0.21 0.06
-----------------------------------------------------------------------
DDH12-10(i) 207.70 216.18 8.48 9.41 101.39 2.17 4.31
-----------------------------------------------------------------------
DDH12-11(i) 207.58 211.85 4.27 3.61 89.77 2.00 1.66
-----------------------------------------------------------------------
DDH12-26 212.35 214.27 1.92 7.36 191.31 6.58 3.97
-----------------------------------------------------------------------
DDH12-27 225.54 226.34 0.80 4.44 72.16 2.77 5.32
-----------------------------------------------------------------------
DDH12-27 227.75 228.31 0.56 2.18 24.30 1.19 8.06
-----------------------------------------------------------------------
DDH12-27 238.90 239.57 0.67 3.01 22.10 1.25 0.42
-----------------------------------------------------------------------
DDH12-29 221.52 222.49 0.97 4.64 93.32 2.91 8.81
-----------------------------------------------------------------------
DDH12-29 225.80 227.37 1.57 8.32 90.61 2.82 5.89
-----------------------------------------------------------------------
DDH12-32 232.08 233.96 1.88 1.47 26.28 1.06 3.47
-----------------------------------------------------------------------
DDH12-32 246.31 248.11 1.80 2.93 35.74 0.38 1.12
-----------------------------------------------------------------------
DDH12-32 250.39 251.52 1.13 1.48 92.88 1.73 3.89
-----------------------------------------------------------------------
DDH12-35 222.29 224.70 2.41 8.51 54.02 2.12 2.69
-----------------------------------------------------------------------
DDH12-39 240.67 242.60 1.93 7.03 70.92 3.32 6.32
-----------------------------------------------------------------------
DDH12-43 262.10 265.42 3.32 7.88 65.20 2.17 2.84
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DDH12-43 273.40 274.00 0.60 4.98 113.00 2.56 2.88
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(i) previously reported
Area B
Eleven holes in Area B covered a 250 metre long by 120 metre down dip area of
the Main Zone. In this area, we are often seeing one or two Main Zone intercepts
per hole with intercept widths between 0.50 metres and 2.69 metres of typical
Main Zone mineralization (Table 2). The length weighted average gold grade for
all intercepts in this area is 5.66 g/t Au.
Table 2: 2012 Intercepts in Area B
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From To Length Au Ag Pb Zn
Hole ID (m) (m) (m) (g/t) (g/t) (%) (%)
---------------------------------------------------------------------------
DDH12-17(i) 199.04 200.53 1.49 2.12 65.19 3.78 7.19
---------------------------------------------------------------------------
DDH12-18(i) 184.83 187.39 2.56 4.74 42.98 1.53 2.18
---------------------------------------------------------------------------
DDH12-18(i) 196.15 197.82 1.67 28.20(ii) 27.15 0.43 0.36
---------------------------------------------------------------------------
DDH12-19(i) 226.27 226.77 0.50 0.96 122.00 5.04 3.69
---------------------------------------------------------------------------
DDH12-20(i) 180.22 181.93 1.71 3.28 26.39 0.99 1.85
---------------------------------------------------------------------------
DDH12-21(i) 194.48 195.65 1.17 3.26 18.16 0.61 1.29
---------------------------------------------------------------------------
DDH12-21(i) 199.01 199.62 0.61 3.63 6.80 0.03 0.03
---------------------------------------------------------------------------
DDH12-22(i) 235.74 237.96 2.22 1.13 22.20 0.81 2.41
---------------------------------------------------------------------------
DDH12-22(i) 244.95 245.64 0.69 11.30 71.30 1.38 1.13
---------------------------------------------------------------------------
DDH12-23 204.20 206.89 2.69 7.66 82.58 3.44 6.30
---------------------------------------------------------------------------
DDH12-24 211.44 213.55 2.11 9.79 22.96 0.78 1.81
---------------------------------------------------------------------------
DDH12-24 217.83 218.70 0.87 6.25 41.68 0.87 0.39
---------------------------------------------------------------------------
DDH12-25 218.69 220.68 1.99 6.84 36.46 1.51 2.20
---------------------------------------------------------------------------
DDH12-28 245.06 247.65 2.59 2.45 16.79 0.63 1.20
---------------------------------------------------------------------------
DDH12-28 256.45 258.44 1.99 4.32 9.08 0.32 0.10
---------------------------------------------------------------------------
DDH12-30 253.33 255.20 1.87 3.47 51.00 0.64 3.66
---------------------------------------------------------------------------
(i) previously reported; (ii) re-stated from subsequent screen metallic
assays
Area C
Ten holes were completed in Area C covering an area 150 metres long by 250
metres down dip on the Main Zone, in the far southeast end of the deposit. The
Main Zone continues throughout this area. Main Zone intercepts ranged from 0.42
metres to 5.82 metres of typical Main Zone mineralization. The length weighted
average gold grade for all intercepts (excluding DDH12-14) is 4.67 g/t Au (Table
3).
Table 3: 2012 Intercepts in Area C
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From To Length Au Ag Pb Zn
Hole ID (m) (m) (m) (g/t) (g/t) (%) (%)
-----------------------------------------------------------------------
DDH12-12(i) 107.27 108.72 1.45 7.32 21.88 0.51 0.48
-----------------------------------------------------------------------
DDH12-13(i) 102.07 102.77 0.70 3.58 11.00 0.24 0.05
-----------------------------------------------------------------------
DDH12-14(i) 161.67 162.31 0.64 1.24 1.60 0.02 0.01
-----------------------------------------------------------------------
DDH12-15(i) 103.3 109.12 5.82 4.20 14.15 0.31 0.51
-----------------------------------------------------------------------
DDH12-16(i) 136.1 137.4 1.30 3.86 10.52 0.41 0.67
-----------------------------------------------------------------------
DDH12-16(i) 141.93 142.95 1.02 4.34 13.44 0.11 0.05
-----------------------------------------------------------------------
DDH12-36 176.12 176.91 0.79 15.60 51.60 1.65 2.44
-----------------------------------------------------------------------
DDH12-37 104.96 105.38 0.42 6.13 156.00 3.97 4.05
-----------------------------------------------------------------------
DDH12-40 98.57 100.19 1.62 6.50 30.48 0.71 1.48
-----------------------------------------------------------------------
DDH12-41 129.24 133.30 4.06 2.88 36.79 1.56 1.40
-----------------------------------------------------------------------
(i) previously reported
Area D
Three holes were completed in Area D covering an area 80 metres long by 100
metres down dip on the Main Zone. Intercept widths ranged from 1.39m to 1.41m of
typical Main Zone mineralization. The length weighted average gold grade for all
intercepts is 4.69 g/t Au (Table 4).
Table 4: 2012 Intercepts in Area D
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From To Length Au Ag Pb Zn
Hole ID (m) (m) (m) (g/t) (g/t) (%) (%)
-----------------------------------------------------------------------
DDH12-31 121.57 122.96 1.39 8.52 78.02 2.89 3.01
-----------------------------------------------------------------------
DDH12-33 125.88 127.29 1.41 3.65 41.91 2.59 2.53
-----------------------------------------------------------------------
DDH12-34 180.15 181.55 1.40 1.92 16.63 0.61 1.00
-----------------------------------------------------------------------
Area E
Three holes were completed in Area E covering an area 100 metres long by 80
metres down dip on the Main Zone. This area fills in the gap between Area F and
the area of the previous resource estimate. The length weighted average gold
grade for all intercepts in this area is 5.78 g/t Au (Table 5).
Table 5: 2012 Intercepts in Area E
-----------------------------------------------------------------------
From To Length Au Ag Pb Zn
Hole ID (m) (m) (m) (g/t) (g/t) (%) (%)
-----------------------------------------------------------------------
DDH12-42 237.13 240.33 3.20 6.00 26.24 1.12 8.00
-----------------------------------------------------------------------
DDH12-44 260.87 262.48 1.61 6.17 14.68 1.04 4.86
-----------------------------------------------------------------------
DDH12-45 222.63 223.03 0.40 2.00 51.80 0.25 0.68
-----------------------------------------------------------------------
DDH12-45 233.99 234.35 0.36 7.26 35.70 0.30 0.07
-----------------------------------------------------------------------
DDH12-45 238.66 239.15 0.49 0.34 23.80 1.68 10.65
-----------------------------------------------------------------------
DDH12-45 242.98 245.08 2.10 3.68 31.40 1.74 2.31
-----------------------------------------------------------------------
DDH12-45 254.25 255.17 0.92 8.29 31.49 1.56 0.46
-----------------------------------------------------------------------
DDH12-45 262.36 262.63 0.27 28.90 80.10 2.34 2.50
-----------------------------------------------------------------------
DDH12-45 271.17 271.94 0.77 3.34 26.90 0.56 0.22
-----------------------------------------------------------------------
Area F
Seven holes were completed in Area F covering an area 180 metres long by 180
metres downdip on the Main Zone. Main Zone intercept widths ranged from 0.93
metres to 6.65 metres of typical Main Zone mineralization. The length weighted
average gold grade for all intercepts in this area is 5.59 g/t Au (Table 6).
Table 6: 2012 Intercepts in Area F (Main Zone)
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From To Length Au Ag Pb Zn
Hole ID (m) (m) (m) (g/t) (g/t) (%) (%)
-----------------------------------------------------------------------
DDH12-01(i) 149.58 151.22 1.64 2.94 28.3 1.46 1.94
-----------------------------------------------------------------------
DDH12-02(i) 182.57 183.95 1.38 2.69 41.7 1.84 1.82
-----------------------------------------------------------------------
DDH12-03(i) 75.56 76.89 1.30 6.17 23.6 1.20 3.08
-----------------------------------------------------------------------
DDH12-04(i) 139.90 146.55 6.65 5.23 34.6 0.90 2.18
-----------------------------------------------------------------------
DDH12-05(i) 187.49 189.62 2.13 11.73 85.6 2.87 2.92
-----------------------------------------------------------------------
DDH12-06(i) 198.68 199.61 0.93 5.28 62.1 3.08 2.77
-----------------------------------------------------------------------
DDH12-07(i) 246.25 247.95 1.70 3.90 23.4 1.23 3.27
-----------------------------------------------------------------------
(i) previously reported
These same seven holes intercepted multiple Yellowjacket (silver-lead-zinc)
zones further up in the holes with intercept widths ranging from 1.04 metres to
3.25 metres (Table 7).
Table 7: 2012 Intercepts in Area F (Yellowjacket Zone)
---------------------------------------------------------------
From To Length Ag Pb Zn
Hole ID (m) (m) (m) (g/t) (%) (%)
---------------------------------------------------------------
DDH12-01(i) 103.81 105.50 1.69 92.0 3.40 13.50
---------------------------------------------------------------
DDH12-01(i) 115.86 117.46 1.60 98.0 4.90 8.80
---------------------------------------------------------------
DDH12-02(i) 116.41 117.5 1.09 52.2 3.07 16.91
---------------------------------------------------------------
DDH12-02(i) 129.16 132.28 3.12 99.4 4.75 14.51
---------------------------------------------------------------
DDH12-03(i) 93.68 95.19 1.51 51.7 1.88 13.79
---------------------------------------------------------------
DDH12-03(i) 103.89 105.92 2.03 75.9 3.91 14.53
---------------------------------------------------------------
DDH12-04(i) 120.83 121.92 1.09 59.9 3.28 4.66
---------------------------------------------------------------
DDH12-05(i) 97.83 100.43 2.60 58.0 2.20 3.50
---------------------------------------------------------------
DDH12-05(i) 131.94 134.28 2.34 31.3 1.20 10.44
---------------------------------------------------------------
DDH12-06(i) 103.91 105.93 2.02 106.7 2.90 10.57
---------------------------------------------------------------
DDH12-06(i) 130.16 133.62 3.46 33 1.80 4.80
---------------------------------------------------------------
DDH12-06(i) 143.35 146.4 3.05 43.3 2.75 9.40
---------------------------------------------------------------
DDH12-06(i) 158.05 159.09 1.04 78.3 3.05 3.29
---------------------------------------------------------------
DDH12-07(i) 179.78 181.05 1.27 119.0 7.90 7.70
---------------------------------------------------------------
DDH12-07(i) 197.2 200.45 3.25 100.0 5.50 2.60
---------------------------------------------------------------
(i) previously reported
The 2012 diamond drill program was under the supervision of Paul Cowley, P.Geo.,
the Company's Qualified Person and VP Exploration. BQTW-sized core samples have
been cut in half and sent to ALS Laboratory Group in Kamloops, BC. Samples are
assayed for gold by fire assay (50 gram charge) as well as assayed for silver,
lead and zinc. The Company inserted standards, blanks and duplicate samples
throughout the sample sequence as quality control checks.
Paul Cowley, P.Geo. and VP Exploration, states, "We are very pleased with the
success of the program. It has increased the strikelength of the Main Zone
deposit from 800 metres to 1150 metres and added an additional 120 metres
locally to the downdip extent of the Main Zone. Modeling is underway in
preparation of an updated resource estimate for early this fall."
About Huakan International Mining Inc.
Huakan's flagship property is the J&L, which it owns 100% with no underlying
royalties. The property has a current resource at a $110/tonne in-situ NSR
cut-off value of:
Main Zone
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Au Au Ag Ag Pb Zn
Classification Tonnes (g/t) (ozs) (g/t) (ozs) (%) (%)
----------------------------------------------------------------------------
Measured 1,202,000 6.71 259,200 69.0 2,664,600 2.40 4.46
----------------------------------------------------------------------------
Indicated 1,165,700 6.92 259,200 64.9 2,432,100 2.01 3.86
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Measured & Indicated 2,367,700 6.81 518,400 66.95 5,096,700 2.21 4.16
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Inferred 4,538,100 5.19 757,500 67.8 9,887,800 2.16 2.99
----------------------------------------------------------------------------
Footwall Zone
----------------------------------------------------------------------------
Au Au Ag Ag Pb Zn
Classification Tonnes (g/t) (ozs) (g/t) (ozs) (%) (%)
----------------------------------------------------------------------------
Inferred 292,800 4.54 42,700 49 461,900 0.91 0.73
----------------------------------------------------------------------------
1. Mineral resources which are not mineral reserves do not have
demonstrated economic viability. The estimate of mineral resources may
be materially affected by environmental, permitting, legal, title,
taxation, socio-political, marketing, or other relevant issues.
2. Confidence in the estimate of Inferred Mineral Resources is insufficient
to allow the meaningful application of technical and economic
parameters. There is no guarantee that all or any part of a mineral
resource can or will be converted into a mineral reserve.
3. The mineral resources in this estimate were calculated using the
Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM
Standards on Mineral Resources and Reserves, Definitions and Guidelines
prepared by the CIM Standing Committee on Reserve Definitions and
adopted by CIM Council.
4. The following parameters were used to derive the NSR block model values:
- April 30/11 US$ two year trailing av'g. metal prices of Au $1,183/oz,
Ag $21/oz, Pb $0.99/lb, Zn $0.95/lb; Exchange rate of US$0.95US =
$1.00CDN -Process recoveries of Au 92%, Ag 88%, Pb 80%, Zn 72%; Smelter
payables of Au 96%, Ag 91%, Pb 95%, Zn 85% -Refining charges of Au
US$15/oz, Ag US$0.50/oz; Concentrate freight charges of C$65/t and
Smelter treatment charge of US185/t -Mass pull of 5% and 8% concentrate
moisture content.
5. The NSR cut-off of CDN$110 per tonne was derived from $75/t mining,
$25/t processing and $10/t G&A.
Paul Cowley, P.Geo., Vice President Exploration for the Company, is the
Qualified Person as defined in National Instrument 43-101, who has reviewed and
approved the technical content of this news release.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION
Certain of the statements made and information contained herein may contain
forward-looking statements or forward-looking information within the meaning of
applicable securities laws. Such forward-looking statements or forward-looking
information include, but are not limited to statements concerning the J&L
underground drill program. Forward-looking statements or information include
statements regarding the expectations and beliefs of management. Often, but not
always, forward-looking statements and forward-looking information can be
identified by the use of words such as "plans", "expects", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes" or the negatives thereof or variations of such words and phrases or
statements that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved. Forward-looking statements or
information include, but are not limited to, statements or information with
respect to known or unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company, or
industry results, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements or information.
Forward-looking statements or information are subject to a variety of risks and
uncertainties which could cause actual events or results to differ from those
reflected in the forward-looking statements or information, including, without
limitation, risks and uncertainties relating to: completion of announced
transactions, history of losses; requirements for additional capital; dilution;
loss of its material properties; interest rates increase; global economy;
limited history of production; speculative nature of exploration activities;
periodic interruptions to exploration, development and mining activities;
environmental hazards and liability; industrial accidents; failure of processing
and mining equipment; labour disputes; supply problems; commodity price
fluctuations; uncertainty of production and cost estimates; the interpretation
of drill results and the estimation of mineral resources and reserves; legal and
regulatory proceedings and community actions; title matters; regulatory
restrictions; permitting and licensing; volatility of the market price of common
shares; insurance; competition; hedging activities; currency fluctuations; and
loss of key employees. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in forward-looking statements or
information. Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information. The Company disclaims any intent or
obligation to update forward-looking statements or information except as
required by law, and you are referred to the full discussion of the Company's
business contained in the Company's reports filed with the securities regulatory
authorities in Canada.
Huakan International Mining Inc. (TSXV:HK)
過去 株価チャート
から 5 2024 まで 6 2024
Huakan International Mining Inc. (TSXV:HK)
過去 株価チャート
から 6 2023 まで 6 2024
