Prominex Resource Corp.: Tulks Hill 2011 Exploration Program Update
2011年11月28日 - 6:58AM
Marketwired
Prominex Resource Corp. (TSX VENTURE:PXR) is pleased to announce
that it has completed the 2011 exploration on its Tulks Hill
Property located in west-central Newfoundland, which hosts four
volcanogenic massive sulphide (VMS) lenses; (see NI 43-101 report
on Tulks Hill on www.sedar.com filed on July 22nd, 2009, and at the
Company website: www.prominex.ca). Prominex is the operator of the
Tulks Hill Project with a 51% interest in a joint venture with
Buchans Mineral Corporation (TSX VENTURE:BMC), which holds the
remaining 49% interest. The program commenced on August 29, 2011,
and ended on November 23, 2011 (see news release of August 12,
2011).
The drilling planned for 2011 was curtailed by the onset of an
early winter in the high terrain of Tulks Hill, although the
Company did complete five diamond drill holes (331 m of infill
drilling) to better outline mineralized zones of the T1 and T2
lenses. The Company continues to compile previous drill results and
generate an assay database for an update of the Mineral Resources
of the Tulks Hill deposit. The objective of the compilation program
is to better assess the mineral potential of the Tulks Hill
Property.
Results of the 2011 drilling program indicate that the five
holes intersected moderately to intensely altered felsic volcanic
rocks with intersections of massive to semi-massive sulphide
mineralization. Prominex is encouraged with the 2011 exploration
and compilation results. Assay data, however, are not yet
available. The results of the 2011 exploration program will be
released when all data have been received, compiled, and verified,
at which time the 2012 exploration program will be announced.
The Company did not complete any drilling to test the eastern
and western extensions of the T1 and T2, lenses, nor was the infill
drilling of the T4 lens. The Company notes that geophysical targets
located in the eastern part of the property have not yet been
sufficiently tested by drilling. These geophysical targets have a
similar EM and magnetic responses as the T1 and T2 lenses.
Technical content of this press release has been reviewed by Mr.
Hrayr Agnerian, P.Geo., who is a "qualified person" as set out in
the definitions of National Instrument 43-101 (NI 43-101). Mr
Agnerian is the person planning and supervising the drilling
program.
ON BEHALF OF THE BOARD
Gordon Barron, President and CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Prominex Resource Corp. Gordon Barron President and
CEO 1.604.566.1094www.prominex.ca
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