| | Published : June 16th, 2011 | Phase 1 - Exploration Reconnaissance Program Completed |
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Exploration Reconnaissance Program Completed
Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX Venture
Exchange: TSD) is pleased to announce that the Phase 1 - Exploration
Reconnaissance Program ("Phase 1") across its Metals (Base and Precious,
Platinum Group Metals, and Rare Earth Elements) Prospecting Licenses in Ngamiland in northwest Botswana has been completed.
Highlights of Phase 1 are as follows:
- 111 holes drilled to a
cumulative depth of 20.9 kilometers (13 miles).
- 16,358 line kilometers (10,165
miles) of a ground magnetic survey at 20 and 50 meter line spacing have
been completed.
- 9,777 line kilometers (6,075
miles) of time-domain electromagnetic data (VTEM) have been processed and
analyzed.
- 6,195 samples from 51 HQ and NQ
diamond drill core holes have been submitted for assaying to Scientific
Services and ALS Minerals. Most
of the results have been received.
- 174 petrographic samples from
various cores have been described. The
results from 60 additional samples are still outstanding.
- 200 samples have been submitted
to the University of Barcelona for detailed mineralogical studies.
- Zircons from three core samples
were dated by the U/Pb isotope method using the
Laser-Ablasion ICP-MS technology at AEON in Cape
Town.
- Four (4) different mineralized
target areas have been identified: the Xaudum
Magnetic Anomaly, the Central Shale Basin, Skarn
deposits and large alkaline (?) intrusions.
The
Company's licenses are situated in an area where the mineral-rich provinces of
the Ghanzi belt to the south, the Luffillian
Arc to the north-east and the Damara Belt to the
west, converge in a complex geological setting. Kalahari sedimentary cover over
this region has discouraged mineral exploration in the past because there are
no rocks outcropping on surface. But geophysical data, in the form of high
resolution Airborne Magnetic and VTEM Electromagnetic surveys combined with
Ground Magnetic data that is continuously acquired and interpreted by in-house
geophysical expertise, have been used to focus the drilling program on the
various conductive and magnetic zones. The drilling portion of Phase 1
was completed utilizing the Company's own diamond core drill rig. A total of
111 holes to a cumulative depth of 20.9 kilometers have now been drilled for
base and precious metals across the various geological terrains. The target
area in the Ngamiland has been restricted to 4,500km2
which equates to roughly 1 borehole per 40km2. Prior to any
drilling, detailed magnetic surveys (between 20 and 50 meter line spacing) are
being conducted using the latest Geometrics G-859 Cesium vapor magnetometers to
optimize the drill intersections over the magnetic targets.
The use and interpretation of the VTEM data has identified important conductors
particularly in the Central Shale Belt. The magnetic susceptibility of pyrrhotite in many of the black shales,
metapelites and metapsammites
are used to follow those zones outside the areas of VTEM coverage.
The mineralogical work that has so far been done at the University of Barcelona
points to a complex paragenesis due to multiple
episodes of metamorphism and metasomatism. The
mineralization is found in quartz-sulfide-carbonate veins and is disseminated
in the host metapelites and metapsammites.
The host rock is affected by Cl-rich alkaline
alteration, producing the development of scapolite, in association with albite, biotite, chlorite, allanite, ankerite and calcite.
The host rocks are rich in graphite, and the reducing environment was probably
an effective trap for the redox-sensitive elements. The dominant ore is pyrrhotite which was replaced in late stages by pyrite,
thus indicating an increase in the sulfur fugacity. Potentially economic ore
minerals identified are native gold, chalcopyrite, and silver tellurides. The analyzed samples examined point to the
existence of Cu-Au orogenic deposits.
Routine petrography is conducted on selected samples from each borehole mainly
by Microsearch CC, but also through the University of
Cape Town and Rhodes University in Grahamstown. These
data is fed into the Company's GIS-Gocad
system, enabling the geological model to be continuously upgraded.
The first geological ages have been produced by AEON at the University of Cape
Town using the state-of-the-art Laser-Ablation Multi-Collector Inductively
Coupled Plasma Mass Spectrometer (LA-MC-ICP-MS). Three different 207Pb/206Pb
weighted mean ages were obtained from analyses of magmatic zircons, which
showed no evidence of metamorphic overprinting. A Neoarchean
207Pb/206Pb weighted mean age of 2548�65Ma indicates for the first time the
presence of Archean rocks in the area. Combined with
evidence of west-directed thrusting, this age suggests thrusting of cratonic material into the Pan African belt, or subduction of the Congo Craton
beneath the Kalahari Craton. A granitic-gneiss of
1979�92Ma, can be correlated with the nearby Quangwadum and Okwa complexes
suggesting the possibility of a large cryptic mineralised
mafic intrusion in the region. A metabasite suspected
to be similar to the MAB amphibolites yielded a
207Pb/206Pb weighted mean emplacement age of 535�36Ma, which is younger than
the emplacement of the MAB submarine tholeiitic protoliths (c.650-700Ma) and is accordingly interpreted to
represent subducted tholeiitic
oceanic crust which has been rejuvenated to be extruded as island arc alkaline
magmas.
The Company has used the following two laboratories for its assay requirements:
Scientific Services CC in Cape Town and ALS Minerals (part of ALS Chemex South Africa (Pty) Ltd) in Johannesburg. Assay
techniques applied were by, AAS (Cu, Zn, Co, Ni), ICP-AES (REE) and XRF (Mo,
REE) by Scientific Services, and ICP23 (PGM), ME-ICP61 (33 elements), Cu-OG62
(Cu) and ME-MS81 (REE) by ALS Minerals. Selected results from various boreholes
are plotted on Map 1. The minerals within the blue boxes have been observed in
petrographic sections.
Map 1
During Phase 1, several different geological domains with anomalous
mineralized zones were identified. These deposits will now be subjected to more
detail drilling during the Phase 2 First-Stage Evaluation Program
("Phase 2"), in order to define the mineralization models and the
geological boundaries that constrain each target, more accurately. To
accelerate Phase 2, which will run in parallel to other drilling requirements
over base and precious mineral Prospecting Licenses east of the Okavango River
and its diamond and uranium exploration programs, the Company has purchased a
second 6x6 truck mounted diamond drill rig supported by three 6x6 fuel, water
and rod carrier trucks which will be commissioned in July.
The main different mineralization targets (Map 2) that have been identified so
far include:
- The Xaudum
Magnetic Anomaly in most northern part of the prospecting area
comprises a sequence of banded magnetite is interbedded
with high-grade metamorphic garnet-schists in a
belt which stretches over some 50km. Iron in many of the assay results are
up to 53%. Anomalous results for Ag (10 ppm), Au (0.4ppm), U (90ppm), Ni
(0.06%), Mo (0.06%) and Co (0.56%) have been obtained from some of the
assay results. Molybdenite, Uraninite
and Gold have been described as individual minerals in petrographic
sections. The presence of low-Titanium magnetite, large thrust faults, and
local albite alteration in some of the borehole
suggest that the mineralization of this area can best be explained by an
Iron-Oxide Copper Gold ("IOCG") complex.
- The north-south orientated Central
Shale Basin (CSB) which occurs east and south-east of the Xaudum Magnetite Belt is comprised of black shales, metapelites, meta-psammites, evaporates and carbonates. These rocks are
identical to those described from the Kalumbila
Cu-Ni-Co deposit to the north of Ngamiland and
others from the Luffillian Arc. Selected assay
results from various boreholes in the Central Shale Basin (CSB) have
reported Cu (2.4%), Ni (0.06%), Zn (0.15%) and Ti (3.2%) which are
associated with U (40 ppm), Au (0.03ppm) and Ag (1.6ppm). This belt,
parallel to the Xaudum magnetites
can be traced over some 80 kilometers. Conductors are its main targets and
these are clearly visible from the VTEM data. Anomalous zones will now be
targeted during the Phase 2 drilling program.
- Skarn
deposits associated with metabasites and
carbonates have been recognized in several boreholes around site 1822C26
and on site C25 and occur just south of the CSB. In this area selected
assay results have returned Cu (0.9%), Ag (2ppm), Au (0.09ppm), Ti (0.9%)
and LREE (0.17% Ce and 0.12% La). Detailed
ground magnetic surveys are being carried out over these basic rocks which
translate into clearly defined magnetic signatures.
- More to the south and directly
west of the extension of the Matchless Amphibolite Belt (MAB) the company
will be drilling one of several large monopole magnetic anomalies
modeled as a large alkaline (?) intrusion. Ni and Cu soil anomalies have
been generated from the 1997-1999 government sampling program.
Map 2
The Company has offices in Toronto, Canada and Gaborone and Maun, Botswana.
Please visit the Company's website, www.TsodiloResources.com, for additional information and
background on our projects.
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Tsodilo Resources Limited
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CODE : TSD.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Tsodilo Resources is a exploration company based in Canada. Tsodilo Resources holds various exploration projects in Botswana, in Brazil and in Central African Republic. Its main exploration properties are BAMINGUI REGION (BOUNGOU RIVER) in Central African Republic, BARRA GRANDE / RIO GRANDE in Brazil and NGAMILAND in Botswana. Tsodilo Resources is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 12.1 millions as of today (US$ 8.8 millions, € 8.3 millions). Its stock quote reached its highest recent level on December 31, 2004 at CA$ 2.95, and its lowest recent point on April 06, 2020 at CA$ 0.05. Tsodilo Resources has 41 770 000 shares outstanding. |
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