Lero Gold Corp. Reports Significant Intersections at its Taldybulak-Talas Cu-Au Porphyry Deposit, Kyrgyzstan
17 Janeiro 2008 - 4:42PM
Marketwired
LONDON, UNITED KINGDOM (TSX VENTURE: LER) is pleased to announce
an update of ongoing work at the Taldybulak-Talas Cu-Au Porphyry
project, north west Kyrgyzstan.
During Q2 2007, re-interpretation of historical and newly
acquired geophysical and geochemical data resulted in the design of
a 5,000m diamond drill programme initiated during the same quarter.
The primary objective of the programme was to better delineate the
known extent and geometry of the Cu-Au porphyry body at Taldybulak
Central and also aiming to assess the additional tonnage potential
through testing of peripheral targets along strike to the east and
north west of the central high grade core.
The majority of the drill programme has now been completed with
several regional anomalies still to be tested. As of December 30,
2007 the actual meterage drilled constituted 5,571m. The programme
will be completed during January/February 2008 with the final
outstanding results expected by the end of Q1 2008.
Significant intersections in the results received to date
include:
------------------------------------------------------------------------
Hole-ID From (m) To (m) Length Au (g/t) Cu (%) Area
------------------------------------------------------------------------
Taldybulak
TBDD07-07 0.00 402.8 402.8 0.75 0.18 Central West
------------------------------------------------------------------------
(i)including
------------------------------------------------------------------------
TBDD07-07 33.3 153.6 120.3 0.87 0.28
------------------------------------------------------------------------
TBDD07-07 180.0 212.0 32.0 1.87 0.11
------------------------------------------------------------------------
TBDD07-07 212.0 316.0 104.0 0.48 0.07
------------------------------------------------------------------------
TBDD07-07 316.0 408.2 92.2 0.90 0.23
------------------------------------------------------------------------
------------------------------------------------------------------------
Taldybulak
TBDDO7-11 0.00 100.4 100.4 1.01 0.27 Central
------------------------------------------------------------------------
------------------------------------------------------------------------
Taldybulak
TBDD07-14 123.8 186.7 62.9 0.65 0.23 Central
------------------------------------------------------------------------
TBDD07-14 229.2 255.3 26.1 0.39 0.16
------------------------------------------------------------------------
------------------------------------------------------------------------
Taldybulak
TBDD07-05 0.00 242.7 242.7 0.64 0.12 Central
------------------------------------------------------------------------
(i)including
------------------------------------------------------------------------
TBDD07-05 3.0 43.2 40.2 0.51 0.30
------------------------------------------------------------------------
TBDD07-05 54.9 71.0 16.1 0.51 0.12
------------------------------------------------------------------------
TBDD07-05 79.0 139.3 60.3 1.23 0.07
------------------------------------------------------------------------
(i) Au Values un-cut
A continuous zone of significant Cu-Au mineralisation hosted in
a quartz diorite-dacite porphyry with dimensions of 1,000m (Strike)
by up to 350m (width) and 500m (depth) has now been delineated at
Taldybulak Central. The higher grade intercepts in TBDD07-07
coincide with an extensive zone of previously unknown
potassic-hematite altered porphyry, indicating the potential
position of a higher grade core in the western part of Taldybulak
Central. Mineralisation at Taldybulak Central is open at depth and
along strike to the west. Lero has commenced geological modelling
and resource evaluation studies on Taldybulak Central and expects
to complete an inferred resource estimate before the end of Q1
2008.
Encouraging results were also returned from scout exploration
drilling completed at a previously untested geophysical anomaly at
Taldybulak East. Several targets were generated from geophysical
anomalies and regional mapping, roughly 2km to the east of
Taldybulak Central.
Significant intersections include:
--------------------------------------------------------------------------
Hole-ID From (m) To (m) Length Au (g/t) Cu (%) Area
--------------------------------------------------------------------------
TBDD07-12 136.9 199.3 62.4 0.51 0.06 Taldybulak East
--------------------------------------------------------------------------
TBDD07-13 99.0 232.0 133.0 0.24 0.06 Taldybulak East
--------------------------------------------------------------------------
(i)Au Values un-cut
Although the overall geological controls and morphology of the
Taldybulak East mineralisation are yet to be fully understood, the
extent of the porphyry system has now been significantly increased
with known porphyry mineralisation now drilled and mapped along a
total strike length in excess of 2.5km.
The Taldybulak-Talas Cu-Au Porphyry Project is located within
the prolific Tien-Shan Gold Belt which is host to some of the
world's largest copper-gold porphyries including a 93Moz porphyry
cluster at Almalyk in Uzbekistan.
President and CEO of Lero, Nick Clarke commented:
"Results from the recently completed drill programme have
confirmed the potential for a large open pitable Cu-Au porphyry
target at Taldybulak Central. These results now give Lero a solid
foundation from which to calculate a 43-101 compliant resource
estimate for Taldybulak Central and to expand and advance
exploration activities in 2008."
Notes to Editors:
1. Lero Gold Corporation (TSX VENTURE: LER) is a base and
precious metal exploration company led by a senior management team
with extensive expertise in mineral exploration and advanced
project management. In July, 2006 Oriel Resources Plc completed its
previously announced transfer and sale of its gold related assets
into Lero Gold Corporation ('Lero') (formerly ELE Capital
Corporation - 'ELE'). Lero resumed trading on TSX Venture Exchange
(TSX-V) on Thursday July 27, 2006 under the trading symbol "LER".
Lero Gold is currently seeking and evaluating advanced exploration
stage gold and base metal projects in Kazakhstan, Kyrgyzstan and
Russia. The Company is currently exploring advanced staged gold
deposits in the Tien Shan gold belt in the Kyrgyz Republic and
Kazakhstan.
2. All work carried out on site was reviewed by Matthew Boyes
(Senior Geologist and a Qualified Person under National Instrument
43-101). Assays were conducted at the internationally certified
Alex Stewart Assayers Lab in Kara-Balta, Kyrgyzstan. Lero Gold
Corporation operates a stringent QA/QC policy that includes
external certified standard samples and duplicates in each
individual batch sent for analysis.
3. For avoidance of confusion;
a. The Taldybulak-Talas copper gold porphyry is a separate
deposit from the Taldybulak Levoberezhny gold deposit previously
owned by Central Asia Gold Limited, and
b. The Talas Copper Gold Limited Liability Company, the holder
of the Lero owned Taldybulak licence, is a separate company from
Talas Gold Mining Company which was the owner of the Jerooy Gold
project.
4. In November 2006, Lero granted Gold Fields Exploration B.V.
an option to enter into a joint venture agreement with the Company
under which Gold Fields Exploration B.V. has the right to;
a. earn up to a 60% interest in exploration licences on the
Kentash, Taldybulak and Korgontash tenements in the Talas Region by
funding exploration expenditures of up to CAD$10 million, and
b. increase its interest in the project by a further 10% (to a
total of 70%) by funding the expenditure of up to a further CAD$10
million on a feasibility study. Thereafter, Gold Fields Exploration
B.V. and Lero will contribute to the project requirements on a
pro-rata basis through to development, if appropriate.
5. Gold Fields Exploration B.V. is an indirect wholly owned
subsidiary of Gold Fields Limited.
6. The TSX Venture Exchange does not accept responsibility for
adequacy or accuracy of this release.
Contacts: Lero Gold Corporation Nick Clarke President & CEO
+44 (0) 20 7514 0590 Lero Gold Corporation Darryl Yea Non-Executive
Chairman (604) 699-2458 Lero Gold Corporation Gavin Dallas
Marketing and PR +44 (0) 20 7514 0590 +44 (0)20 7518 3998 (FAX)
Email: info@lerogold.com Website: www.lerogold.com Canaccord Adams
Limited Robin Birchall / Ryan Gaffney +44 (0) 20 7050 6500 Bankside
Consultants Michael Padley / Michael Spriggs +44 (0) 20 7367 8888
Vanguard Shareholder Solutions Keith Schaefer (604) 608-0824
Lero Gold Corp (TSXV:LER)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Lero Gold Corp (TSXV:LER)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024