Stingray Copper Inc.

Published : October 11th, 2007

Drill Results - October 11, 2,007

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Copper | Diamond | G Mexico | Mexico |
 
If you're having trouble viewing this email, click here.
 
Stingray Resources Inc.
 

NEWS RELEASE      2007 -15

 

TSX Trading Symbol:   Common Shares – “SRY”  CUSIP Number 860838101

                                                Warrants – “SRY.WT”  CUSIP Number 860838119

 

 

STINGRAY CONTINUES TO DEFINE COPPER  AT EL PILAR

 

October 11, 2007 – Toronto, Ontario, Canada Peter Mordaunt, CEO and Chairman of Stingray Copper Inc. (“Stingray”) is pleased to report the results of 7 more drill holes from the El Pilar Copper Property located in Sonora, Mexico. Stingray’s current drilling is designed to enhance the El Pilar inferred mineral resource of 180 million tonnes grading 0.37% total copper calculated at a cut off of 0.25% total copper (See News Release 2007-05).

 

The program of definition drilling is continuing with a third drill that has been added in the past two weeks. The drilling is methodically intersecting oxidized copper mineralization at El Pilar by drilling vertical holes to fill in the resource model at 100 meter centers along its length and across its width. The mineralization occurs in a flat lying to gently dipping horizon and copper intervals reflect approximate true widths. The drilling is also delimiting the margins of the resource as the drilling progresses from north to south along the east-west drill sections.

 

  

Table 1:  Inferred Mineral Resource Fill In Drill Results

 

Section

Easting

Hole

From (m)

To (m)

Interval (m) *

Grade (Total Copper %)

 

 

 

 

 

 

 

8900N

2100

S07-27

134

202.4*

68.4

0.32

 

2200

S07-28

180

224

44

0.34

 

 

 

 

 

 

 

8800N

1900

S07-33

82

186

104

0.40

 

2100

S07-34

168

246

78

0.30

 

 

   or  

198

246

48

0.35

 

2300

S07-35

228

246

18

0.23

 

 

 

 

 

 

 

8700N

1800

S07-40

86

114.5**

28.5

0.30

 

 

S07-40A

84

190

106

0.35

 

*The drill hole ended in copper mineralization.                     **The drill hole was lost at this depth and subsequently redrilled.

 

 

Including these Diamond drill holes, Stingray has now reported 37 holes, drilled on 6 drill sections, which are posted at the Company’s website and a map of the hole locations can be found at the link below or at the Company’s website;

 

http://www.stingraycopper.com/PressReleases/elpilar_drillingmap.pdf

 

Of the 7 holes reported above in Table 1, holes S07-27, 28, 33, 34, 40 and 40A continue to confirm the results of previous drill programs, demonstrating wide intercepts of oxidized copper mineralization. Drill hole S07-35 was drilled outside the known mineral resource to define the eastern limit of the mineralization on section 8800N.

 

Stingray is working to reclassify the inferred mineral resource and develop the El Pilar as an open pit, heap leach, solvent extraction–electrowinning (SX-EW) copper mine. The oxidized copper mineralization as reported may appear lower in percentage copper than reported by sulphide copper developers and miners, however the capital and operating costs of heap leach, SX-EW operations are significantly lower. Additionally, such SX-EW copper operations produce a cathode copper product and not an intermediate concentrate that must be treated by a smelter and refiner.

 

The Company is continuing an extensive, 25,000 meter fill in drill program at the El Pilar Copper Property where 3 drills are drilling HQ core. The purpose of this program is to reclassify the inferred mineral resource and to explore for additional resources in the immediate vicinity. All drill core samples are split by the Company’s staff under the direction of the Company’s geologists and are delivered for assaying to ALS Chemex, Hermosillo, Sonora, Mexico. The Company’s program will incorporate significant metallurgical testing using drill core material obtained in the current drill program in preparation of a feasibility study for the El Pilar project.

 

Peter Mordaunt, P.Geo is the Qualified Person responsible for the technical content of this release.

 

Website: www.stingraycopper.com

 

TSX Symbol:

Common Shares - “SRY”

Issued:

58,725,982 common shares

 

Warrants - “SRY.WT”

 

20,850,000 warrants

 

 

 

 

 

FOR FURTHER INFORMATION PLEASE CONTACT:

 

“Steve Brunelle”

 

“Peter Mordaunt”

 

 

 

Steve Brunelle

 

Peter Mordaunt

Vice President at (416) 368-6240

 

CEO & Chairman

 

Certain Statements presented herein may constitute “forward-looking statements”.  Such forward-looking statements may include potential mineralization, resources and reserves, conclusions of prefeasibility and feasibility studies, estimates of future production, capital and operating costs, prices of metals and other known and unknown risks.  These and other factors and uncertainties may cause material differences from future results as expressed or implied by these forward-looking statements.  These risks, uncertainties and other factors include but are not limited to the risks involved in the exploration, development and mining business.

 

“Stingray Copper Inc.”

40 University Avenue, Suite 605, Toronto, Ontario  M5J 1T1

Telephone:  (416) 368-6240    Fax:  (416) 368-7141

E-Mail:  info@stingraycopper.com

 

 
If you DO NOT want to receive emails from us, click here.
 
.
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

Stingray Copper Inc.

DEVELOPMENT STAGE
CODE : SRY.TO
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Stingray is a copper exploration company based in Canada.

Its main asset in development is EL PILAR in Mexico and its main exploration property is ELEPHANT 8 in Mexico.

Stingray is listed in Canada and in United States of America. Its market capitalisation is CA$ 36.9 millions as of today (US$ 36.7 millions, € 25.5 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.19, and its lowest recent point on November 28, 2008 at CA$ 0.13.

Stingray has 60 556 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Project news of Stingray Copper Inc.
9/9/2009(El Pilar)Issues Shares to Xstrata to Complete Acquisition of El Pilar...
5/6/2008(El Pilar) EL PILAR INFILL DRILL PROGRAM WINDS
4/23/2008(El Pilar)21 METWORK DRILL HOLE RESULTS: DELIVERED TO METCON
4/16/2008(El Pilar)IN FILL DRILLING RESULTS CONTINUE - EL PILAR
4/7/2008(El Pilar)STINGRAY CONSULTANTS FULL SPEED AHEAD ON FEASIBILITY STUDY A...
3/11/2008(El Pilar)Confirmation of Oxide Copper Results
2/14/2008(El Pilar)STARTER PIT AREA DRILLING CONFIRMS COPPER GRADES AND THICKNE...
1/9/2008(El Pilar) El Pilar Results
12/11/2007(El Pilar)El Pilar Positive Drill Results
Corporate news of Stingray Copper Inc.
1/4/2010Mercator and Stingray Complete Business Combination
12/21/2009and Mercator Complete Business Combination
10/26/2009and Mercator Sign Arrangement Agreement
10/2/2009and Mercator Minerals Announce Business Comb
9/29/2009SRY: Canaccord Adams Research Report
6/4/2009 Haywood Securities Research Report
5/26/2009Invitation from Stingray Copper
2/9/2009SRY Study on Schedule: Metallurgical Update
1/28/2009Haywood Securities Research Report
11/26/2008Corporate Update; Strong Financial Condition Feasib
9/17/2008SRY Canaccord Adams Research Document
2/7/2008Stingray Copper Inc.
10/11/2007 Drill Results - October 11, 2,007
9/21/2007Copper Drill Results Continue: 7 More Holes From El Pilar Co...
8/22/2007Additional Drill Results from El Pilar
8/2/2007Drill Results, El Pilar Copper, Mexico
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (SRY.TO)Other OTC (SGYRF)
0.610-4.69%18,115.660
TORONTO
CA$ 0.610
12/30 10:59 -0.030
-4.69%
Prev close Open
0.640 0.540
Low High
0.540 0.610
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.610 -%
Volume 1 month var.
1,800 -%
24hGold TrendPower© : 38
Produces
Develops Copper
Explores for Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/7/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.73+0.26%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.93+5.30%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.76+5.68%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.59+1.17%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 17.50+4.48%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.21-6.67%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.53+13.45%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 50.02+0.81%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03-8.82%Trend Power :