Otish Energy Releases NI 43-101 Technical Report on Puruni Gold Project, Guyana
2010年8月24日 - 10:15PM
Marketwired
Otish Energy Inc. (the "Company") (TSX VENTURE: OEI) is pleased to
announce the release of its NI 43-101 complaint Technical Report
describing in detail the geology and gold potential of the Puruni
Gold Project, Mazaruni Mining District, Guyana.
This report is written in compliance with requirements of
National Instrument 43-101 and Form 43-101F1 and is in support of
documentation to be filed with the British Columbia Securities
Commission and the TSX Venture Exchange in support of Otish Energy
Inc. entering into a purchase agreement with Trevor Taylor on the
Puruni Project area (Henry Alphonso and Salim Kayum Permits).
The report provides the first detailed summary of the geology,
history and exploration of the Puruni Property. The report is
available at www.sedar.com and will be added to the company's
website at www.otishenergyinc.com.
The NI 43-101 Technical Report for the Puruni Project was
completed by Ulrich H. Kretschmar PhD, P.Geo (ON), of Orillia,
Ontario. Mr Kretschmar is a Qualified Person for the purpose of
Canadian NI 43-101, Standards of Disclosure for Mineral
Projects.
The author of the Report collected 15 samples of saprolite,
alluvium, sluice box tailings, black sand, and grab samples of
bedrock quartz veins material with visible gold from the property.
The quartz veins grab samples returned assays of 40.5 oz Au/ton
(1390 g/t), 61.1 oz Au/ton (2090 g/t), 215.5 oz Au/ton (7389 g/t),
and 397.2 oz Au/ton (13618 g/t) - duplicate ran 430.6 oz Au/ton
(14764 g/t), while sluice box tailings returned 0.81 oz Au/t (27.7
g/t) and 0.99 oz Au/t (34.2 g/t).
The Puruni Project area (Alphonso and Kayum Permits) consists of
five (5) Mining Permits - Medium Scale (MP) and one (1) Prospecting
Permit - Medium Scale (PPMS) totalling in area approximately 36 km2
(approx. 9000 Acres). These Mining and Prospecting Permits were
acquired from the Guyana Geology and Mines Commission - the
statutory body responsible for Exploration & Mining in Guyana,
by Henry Alphonso and Salim Kayum of Georgetown, Guyana in 2003.
The permits are traversed by the Puruni River in the middle Puruni
River Area, Mazaruni Mining District No.3, Guyana, N.T.S. Sheet
Puruni - 26 SW.
The northernmost boundary of Puruni Project property lies
approximately 2.5 km south of the Peters Mine Concession (Guyana
Goldfields Inc.) which was subjected to a number of regional
airborne and ground exploration surveys that focused on the Peters
Mine Concession. The Peters Mine was discovered in the 1890's by
porknockers (local terminology for placer miners/prospectors) and
underground development and mining was in operation between 1904
and 1909. During this period approximately 1,240 kg (40,000 oz) of
gold was recovered from 63,000 tons of material mined (a recovery
grade of 19.7 g Au/T). It is reported that the head grade was in
excess of 41 g Au/T.
The Puruni Project area has a well documented history of
alluvial mining in the active river channel, saprolite mining on
land adjacent to the river bank and lode gold underground mining at
the Peters Mine. In early 2009, while mining the saprolite and
elevated gravel terraces adjacent to the river bank, two high grade
veins was uncovered similar in characteristics to the quartz veins
mined at Peters Mine.
Randy Singh P. Geo (ON), P.Eng (ON) a "qualified person" as such
term as defined by National Instrument 43-101, has verified the
data disclosed in this news release, and has otherwise reviewed and
approved the technical information in this news release on behalf
of the Company.
Guyana is the only English speaking country in South America and
has demonstrated itself to be a mining-friendly and stable
democratic country toward direct foreign investments in the mining
sector. The Land Tenure Act, legal statutes and the legal system
are based on the Roman Dutch Laws modified by British Common Laws.
Guyana has well developed and uniformly administered tax laws,
mining laws and general business systems, especially geared toward
the mining sector that includes duty and tax-free imports for
mining and forestry equipment.
Several major and successful natural resource deposits have been
commissioned by foreign investors including (Omai Gold Mines) -
IamGold Inc., (Aurora gold deposit) - Guyana Goldfields Inc.,
(Arorima Bauxite Mine) - United Company Rusal of Russia and
(Guymine Bauxite Mine) - Bosai Mineral of China. There are also a
number of Canadian junior exploration companies operating in Guyana
including Sandspring Resources, Shoreham Resources, GMV Minerals,
Gold Port Resources and First Bauxite Inc.
The Company plans to conduct a systematic exploration program to
evaluate and develop the gold potential of the property, including
line cutting, soil sampling, geological mapping and chip sampling,
channel sampling of the quartz veins and saprolite, trenching, a
ground gradient magnetic survey, followed by diamond drilling.
On Behalf of the Board of Otish Energy Inc.
Steve Smith, President
This news release may contain forward-looking statements based
on assumptions and judgments of management regarding future events
or results. Such statements are subject to a variety of risks and
uncertainties which could cause actual events or results to differ
materially from those reflected in the forward-looking statements.
The Company disclaims any intention or obligation to revise or
update such statements.
Neither the 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.
Contacts: Otish Energy Inc. Steve Smith President (604) 642-0115
(604) 642-0116 (FAX) steve.smith@telus.net
www.otishenergyinc.com
Otish Energy Inc. (TSXV:OEI)
過去 株価チャート
から 5 2024 まで 6 2024
Otish Energy Inc. (TSXV:OEI)
過去 株価チャート
から 6 2023 まで 6 2024