Windarra Minerals Ltd. (WRA.V) Intersects Broad Zones of Near-Surface Gold Mineralization on Mishi Leases
09 Giugno 2011 - 4:00PM
Marketwired
Windarra Minerals Ltd. (the "Company") (TSX VENTURE: WRA) -
-Up to 2.29 g/t over 12.4 m in new zone, and 1.03 g/t Au over
20.1 m at KK zone
-Located less than 3 km from Wesdome's Magnacon mill
Windarra Minerals Ltd. is pleased to announce the results of a
diamond drill program conducted between February and April at its
100% owned Mishi Leases property. The property is located
approximately 50 km west of Wawa and is accessible by an
all-weather road leading to Wesdome's Mishi-Magnacon milling
complex, which largely processes ore from Wesdome's nearby Eagle
River mine, and from the Mishi Open Pit, which is less than one km
east of the Mishi Leases property boundary.
The drilling, totaling 3111 meters in 25 holes, intersected bulk
tonnage-style gold mineralization similar to that at the Mishi Pit
(see Table I and Figures 1 to 3 for significant intersections). Two
of the more significant intercepts are 32.0 m averaging 1.03 g/t
Au, which includes 12.4 m at 2.29 g/t Au (hole M11-13), and 20.1 m
averaging 1.03 g/t Au (hole M11-18). These intersections were from
widely separate zones, with the former representing a new
discovery, and the latter from the KK Zone, which has yielded a
considerable number of significant intersections from previous
drilling and channel sampling, and has excellent potential for
developing a sizeable tonnage of mineralized material.
Drill targets for the 2011 program were located in four areas
within the 3 km long Mishi Leases property. The targets were based
in part on encouraging results returned from geophysical and soil
geochemical surveys completed in late 2010 (see News Release dated
Feb. 9, 2011). Other targets were outlined from a compilation of
exploration results, largely from the 1980's and 1990's, in which
approximately 40 holes were drilled across the property. The
earlier programs returned very encouraging results, including drill
intercepts and trench channel samples of both narrower high-grade
mineralization and broad lower-grade "bulk-mineable"-style
mineralized material.
The most encouraging results from the 2011 drilling were from
holes M11-18 to 25, which targeted mineralization in the KK Zone on
the western part of the property (see Figures 1 and 2). The KK Zone
had been drilled previously and this year's drilling was designed
to test continuity of mineralization along trend and down-dip. All
eight holes intersected multiple zones of gold mineralization, with
the most significant intervals being: 1.03 g/t Au over 20.1 m (hole
M11-18), 0.77 g/t Au over 12.0 m (hole M11-20), 0.54 g/t Au over
20.9 m (hole M11-22), and 0.61 g/t Au over 20.6 m (hole M11-25).
The results of drilling at the KK zone demonstrate that
mineralization is continuous across broad widths and they have
confirmed the near surface bulk-tonnage potential of the zone,
which remains open both down-dip and along strike.
Drilling in the central part of the property yielded significant
assays in hole M11-17 (Figure 1), which returned 2.96 g/t Au across
5.8 m from a zone that correlates well with a previous drill
intersection averaging 2.49 g/t Au across 10.4 m 50 m to the
northeast. Farther east, hole M11-13 was drilled beneath a trench
across mineralization, intersecting a zone that averaged 1.03 g/t
Au over an impressive 32.0 m and containing a higher grade section
that assayed 2.29 g/t Au over 12.4 m. This new zone remains open in
both directions along trend as well as down-dip.
Gold mineralization on the Mishi Leases is found in stacked,
foliation-parallel, alteration zones of silica and sericite that
host centimeter- to decimeter-scale quartz veins with small amounts
of pyrite, pyrrhotite and rare arsenopyrite. The predominant host
rocks are schistose and locally sheared metasedimentary rocks and
mafic to intermediate tuff Rocks are metamorphosed to greenschist
facies and are locally cut by post-mineral diabase dykes.
Future Work
The Company is planning further work at the Mishi Leases
property. Detailed geological mapping and potential stripping and
trenching are being considered in the vicinity of the KK zone, and
infill soil geochemical sampling may be undertaken to help trace
known mineralized zones and define new targets. Following these
efforts, the Company intends to conduct further drilling, to test
any new targets and to expand the known zones.
This Press Release was prepared by Daria Duba, M.Sc. and Charles
Greig, M.Sc., PGeo., a Director of Windarra Minerals Ltd. and a
"Qualified Person" as per NI43-101.
To view Figures 1 to 3 associated with this release, please
click the following link:
http://www.windarra.com/docs/maps/Mishi_Drill_Results_Figures.pdf.
On behalf of the Board of Directors
John Pallot, President
TABLE 1
----------------------------------------------------------------------------
East North Az Dip
(NAD (NAD (deg- (deg- Depth From To Length Au (i) Target
Hole # 83) 83) rees) rees) (m) (m) (m) (m) (g/t) Area
----------------------------------------------------------------------------
M11-2 614106 5330518 210 -45 167.7 62.1 64.1 2.0 3.09
----------------------------------------------------------------------------
M11-2 118.0 121.0 3.0 0.38
----------------------------------------------------------------------------
M11-13 613577 5330498 210 -45 121.9 44.7 76.7 32.0 1.03 32W/07N
----------------------------------------------------------------------------
includes 46.5 58.9 12.4 2.29
----------------------------------------------------------------------------
and 62.9 68.7 5.8 0.31
----------------------------------------------------------------------------
M11-14 612859 5330510 230 -45 125.0 63.4 64.4 1.0 0.73 Trench H
----------------------------------------------------------------------------
M11-14 71.8 73.2 1.4 0.99
----------------------------------------------------------------------------
M11-17 612734 5330499 210 -45 97.5 2.6 8.4 5.8 2.96 Trench H
----------------------------------------------------------------------------
M11-17 28.7 29.9 1.2 0.75
----------------------------------------------------------------------------
M11-18 611615 5330780 210 -45 106.7 4.0 24.1 20.1 1.03 Trench B
----------------------------------------------------------------------------
M11-18 37.8 40.6 2.8 0.95
----------------------------------------------------------------------------
M11-19 611656 5330792 210 -45 103.6 8.0 16.8 8.8 0.58 Trench B
----------------------------------------------------------------------------
M11-19 23.3 27.0 3.7 0.43
----------------------------------------------------------------------------
M11-20 611561 5330854 210 -45 137.2 88.8 91.1 2.3 2.69 KK Zone
----------------------------------------------------------------------------
M11-20 112.8 124.8 12.0 0.77
----------------------------------------------------------------------------
includes 114.8 120.8 6.0 1.30
----------------------------------------------------------------------------
M11-21 611530 5330884 210 -50 221.3 130.3 136.1 5.8 0.47 KK Zone
----------------------------------------------------------------------------
M11-21 154.1 160.1 6.0 0.61
----------------------------------------------------------------------------
M11-21 180.3 188.5 8.2 0.88
----------------------------------------------------------------------------
M11-22 611325 5330822 210 -45 103.6 71.2 92.1 20.9 0.54 KK Zone
----------------------------------------------------------------------------
includes 71.2 79.9 8.7 0.84
----------------------------------------------------------------------------
M11-23 611347 5330861 210 -45 112.8 96.0 99.8 3.8 0.43 KK Zone
----------------------------------------------------------------------------
M11-24 611556 5330782 210 -45 125.0 45.7 51.7 6.0 0.37 KK Zone
----------------------------------------------------------------------------
M11-24 69.0 75.0 6.0 0.33
----------------------------------------------------------------------------
M11-25 611813 5330810 210 -45 108.5 8.8 16.8 8.0 0.39 KK Zone
----------------------------------------------------------------------------
M11-25 20.0 40.6 20.6 0.61
----------------------------------------------------------------------------
includes 28.0 39.2 11.2 0.85
----------------------------------------------------------------------------
M11-25 56.0 57.3 1.3 0.75
----------------------------------------------------------------------------
(i)weighted
averages
Neither 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: Windarra Minerals Ltd. John Pallot President (604)
688-1508 (604) 601-8253 (FAX) info@windarra.com
www.windarra.com
Grafico Azioni Windarra Minerals Ltd. (TSXV:WRA)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Windarra Minerals Ltd. (TSXV:WRA)
Storico
Da Giu 2023 a Giu 2024
