| | Publié le 27 février 2011 | Huakan Drills 5.50 metres grading 7.0 g/t Au, 57.02 g/t Ag, 1.70% Pb and 6.26% Zn at J&L |
|
Article
|
Commentaires
|
Commenter
|
Notation
|
♥
Suivre la société
|
|
Huakan
Drills 5.50 metres grading 7.0 g/t Au, 57.02 g/t
Ag, 1.70% Pb and 6.26% Zn at J&L
February 22, 2011 � Vancouver, British
Columbia. Huakan International
Mining Inc. (TSX-V: HK) (the �Company�) releases results for eight holes of
an underground drilling program on its 100% owned gold-silver-lead-zinc
J&L property, located near Revelstoke, B.C. The
Company has now completed the Phase I drill program with 60 holes in 7,897 metres. Results for holes MM10-01 to MM10-18 were
released on January 13th (News Release 11-01) and January 19th
(News Release 11-02); assays for the remaining 36 holes are expected in
March. The program is aimed at verifying the historic drilling and expanding
the limits of the Main Zone mineralization, in order to complete a National
Instrument 43-101 resource estimate in the spring of 2011.
The
Phase 1 drill program consistently intercepted Main Zone type mineralization
of alternating bands of massive sulphide
mineralization, stringer sulphide mineralization,
and lesser mineralized sections hosted in phyllite
and limestone. Latest results include: 5.50 metres
(true thickness estimated) grading 7.00 g/t Au, 57.02 g/t Ag, 1.70% Pb and 6.26% Zn; 4.94 metres
(true thickness estimated) grading 4.79 g/t Au, 53.42 g/t Ag, 2.14% Pb and 4.45% Zn; and 16.70 metres
(true thickness estimated) grading 3.61 g/t Au, 37.22 g/t Ag, 0.98% Pb and 0.65% Zn. Highlights from holes MM10-19 to
MM10-26 are tabled below.
|
From (m)
|
To
(m)
|
Length (m)
|
Est. True Thickness (m)
|
Au
(g/t)
|
Ag
(g/t)
|
Pb
(%)
|
Zn
(%)
|
|
83.58
|
84.58
|
1.00
|
0.98
|
14.15
|
118.05
|
3.55
|
4.35
|
|
107.43
|
108.77
|
1.34
|
0.71
|
0.13
|
63.64
|
4.09
|
10.93
|
|
119.29
|
150.80
|
31.51
|
16.70
|
3.61
|
37.22
|
0.98
|
0.65
|
|
119.29
|
124.32
|
5.03
|
2.67
|
4.88
|
72.31
|
4.16
|
2.60
|
|
125.07
|
134.09
|
9.02
|
4.78
|
2.87
|
18.53
|
0.12
|
0.01
|
|
140.98
|
150.80
|
9.82
|
5.20
|
6.05
|
59.81
|
0.86
|
0.72
|
|
84.45
|
87.48
|
3.03
|
2.88
|
7.26
|
63.49
|
1.11
|
1.24
|
|
121.45
|
132.45
|
11.00
|
5.50
|
7.00
|
57.02
|
1.70
|
6.26
|
|
121.45
|
122.25
|
0.80
|
0.40
|
13.25
|
76.81
|
3.10
|
3.39
|
|
126.45
|
132.45
|
6.00
|
3.00
|
10.95
|
93.13
|
2.67
|
11.02
|
|
163.75
|
165.82
|
2.07
|
1.04
|
10.67
|
32.92
|
1.15
|
1.19
|
|
171.67
|
176.17
|
4.50
|
2.25
|
7.01
|
136.67
|
4.67
|
5.61
|
|
77.29
|
81.33
|
4.04
|
3.18
|
3.29
|
54.07
|
2.01
|
3.50
|
|
96.00
|
109.25
|
13.25
|
9.37
|
3.23
|
23.68
|
0.98
|
2.15
|
|
96.00
|
96.50
|
0.50
|
0.35
|
8.83
|
82.40
|
3.95
|
2.70
|
|
99.50
|
101.90
|
2.40
|
1.70
|
6.34
|
42.81
|
2.45
|
7.75
|
|
103.60
|
109.25
|
5.65
|
4.00
|
3.91
|
28.56
|
0.85
|
1.41
|
|
150.33
|
162.96
|
12.63
|
4.94
|
4.79
|
53.42
|
2.14
|
4.45
|
|
150.33
|
151.84
|
1.51
|
0.59
|
11.73
|
28.18
|
1.31
|
10.11
|
|
158.03
|
162.96
|
4.93
|
1.93
|
6.91
|
123.01
|
5.01
|
8.23
|
The
J&L property is one of the largest undeveloped polymetallic
deposits in British Columbia. The 2,325 hectare property hosts the
significant precious metal and polymetallic Main
Zone deposit. The Main Zone is a stratiform,
structurally deformed massive sulphide
deposit. Surface exploration has traced the Main Zone for 3 kilometres and historic drilling has identified the Main
Zone for 1.4 kilometres in strike length and a down
dip extent of 800 metres. The Main Zone averages
2.5 metres thick. A high density drill pattern
(approx. 30 m drill centers) defines the Main Zone on longitudinal section
over an area of 800 metres long by 200 metres down dip. The deposit is open along strike and
both up dip and down dip.
For
the holes reported in this release, holes MM10-20, 22, 23 and 26 extend the
Main Zone down dip over a longitudinal surface area of 140 metres by 50 metres. Holes
MM10-19, 21, 25 and 25 were drilled approximately 320 metres
to the southeast and over a longitudinal surface area of 120 metres by 140 metres.
The
Phase 1 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 Eco Tech Laboratory Ltd. (Stewart 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.
Assays
on the remaining drill holes are pending.
For
further information please contact:
Paul
Cowley, P.Geo. or Jeffrey Ren,
Chief Financial Officer, at (604) 694-2344
Neither
the TSX Venture Exchange nor its Regulations 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.
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 results of the Company�s drill program at the J&L project
and the Company�s exploration plans. 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&r!
dquo; 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; lega! l 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
|
|
PRODUCTEUR |
CODE : HK.V |
ISIN : CA 58988R1047 |
CUSIP : 58988R104 |
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Huakan International est une société de production minière de nickel et de zinc basée au Canada. Huakan International est productrice de nickel, de zinc, d'or au Canada, en développement de projets d'argent, de cuivre, d'or, de plomb et de zinc au Canada, et détient divers projets d'exploration au Canada. Son principal projet en production est BOUNDARY - CARAMELIA au Canada, ses principaux projets en développement sont GREENWOOD - LEXINGTON GRENOBLE, GREENWOOD - LONE STAR, GREENWOOD - GOLDEN CROWN, J & L et J & L - YELLOW JACKET au Canada et ses principaux projets en exploration sont WELBAR, BOUNDARY - MIDWAY, BOUNDARY - OLD NICK, PROMISE et MYRTLE-PROSERPINE au Canada. Huakan International est cotée au Canada. Sa capitalisation boursière aujourd'hui est 23,8 millions CA$ (24,4 millions US$, 17,6 millions €). La valeur de son action a atteint son plus bas niveau récent le 18 septembre 2009 à 0,01 CA$, et son plus haut niveau récent le 21 mai 2010 à 1,65 CA$. Huakan International possède 32 582 000 actions en circulation. |
Financements de Huakan International Mining Inc |
Attributions d'options de Huakan International Mining Inc |
Nominations de Huakan International Mining Inc |
Projets de Huakan International Mining Inc |
|
Communiqués de Presse de Huakan International Mining Inc |
Publication de commentaires terminée |
|
|