 | | | Publié le 15 mai 2007 | Continues Intersecting Zinc-Silver-Gold at Hurdman Property, Extends Sulphides Over 450m Strik |
|
|
Article
|
Commentaires
|
Commenter
|
Notation
|
♥
Suivre la société
|
|
|
|
| Eloro Resources Ltd. PRESS RELEASE |
| |
|
|
ELORO CONTINUES INTERSECTING ZINC-SILVER-GOLD AT HURDMAN PROPERTY, EXTENDS SULPHIDES OVER 450 M STRIKE LENGTH
Toronto, Canada, May 15, 2007 - ELORO RESOURCES LTD. (the "Company") (TSX>3,462 metre / 25 hole (ELO-07-01 through 25) drill campaign initiated in January, 2007, at the Company's wholly-owned Hurdman Property, located 120 km north of Timmins, Ontario, and 75 km north of XStrata's Kidd Creek Mill Operations
The 2007 Hurdman drilling program was designed to delineate the lateral extensions of the Hurdman Sulphide Zone ("HSZ") to the east, west and at depth. Phase one of the two phase program was designed to delineate the lateral extentions of the HSZ. Phase two was planned to test the down plunge extension of the higher grade mineralization previously encountered during the Company's 2006 drilling program, that included 4.21% Zn and 8.72 g/t Ag over 9.10 m in hole ELO-06-01 (described in Eloro's press release dated April 5, 2006). The 2006 program had outlined high grade zinc-silver mineralization over an east-west strike length of approximately 100 m with a near sub-horizontal dip to the North.
The HSZ was subsequently intersected in all of the lateral holes drilled west of the known HSZ western limit, previously established by the 2006 program. The HSZ, which can now be traced over a lateral east-west distance of 450 m and to a depth of 85 m, remains open in all directions. Deteriorating road conditions due to spring break prevented the Company from completing the additional drilling required to delineate the HSZ, as part of the second phase of the program. Consequently, the Company is evaluating the possibility of returning to the Hurdman Property and extending the drilling program during June, 2007.
To date, assay results are complete for drill holes ELO-07-01 through 10, 13, 15, 18 and 23. Partial assays have been received for holes ELO-07-11, 16 and 17. Assays are pending for ELO-07-12, 14, 19 through 22, 24 and 25. Excluding previously announced intersections for drill holes ELO-07-01 and ELO-07-02 (refer to Eloro's press release dated February 15, 2007), the best assay intervals to date include: 5.92 g/t Ag and 1.45% Zn over 19.95 m, including 9.23 g/t Ag and 3.63 % Zn over 2.9 m (ELO-07-03); 8.53 g/t Ag and 1.69% Zn over 15.0 m, including 9.17 g/t Ag and 3.26% Zn over 5.9 m (ELO-07-04); 14.40 g/t Ag and 3.86% Zn over 8.0 m (ELO-07-08); and 10.86 g/t Ag and 2.13% Zn over 7.5 m (ELO-07-23). The appended table details significant assay intervals from the 2007 drill campaign to date:
|
DDH NO. |
FROM
(m) |
TO
(m) |
INTERVAL
(m) |
ZINC
% |
SILVER
g/t |
|
ELO-07-01* |
65.7 |
68.9 |
3.2 |
2.45 |
5.11 |
|
|
95.8 |
98.6 |
2.8 |
5.35 |
7.13 |
|
ELO-07-02* |
63.7 |
69.0 |
5.3 |
2.36 |
5.68 |
|
|
77.8 |
83.8 |
6.0 |
3.38 |
8.67 |
|
|
89.1 |
102.2 |
13.1 |
3.23 |
40.56 |
|
|
110.8 |
112.7 |
1.9 |
0.14 |
46.89 |
|
ELO-07-03 |
71.6 |
91.55 |
19.95 |
1.45 |
5.92 |
|
INCL. |
88.65 |
91.55 |
2.9 |
3.63 |
9.23 |
|
ELO-07-04 |
76.15 |
91.15 |
15.0 |
1.69 |
8.53 |
|
INCL. |
85.25 |
91.15 |
5.9 |
3.26 |
9.17 |
|
ELO-07-06 |
87.0 |
93.0 |
6.0 |
2.64 |
5.27 |
|
|
104..0 |
110..0 |
6.0 |
1.76 |
6.87 |
|
ELO-07-07 |
96.0 |
109..0 |
13.0 |
1.90 |
5.35 |
|
|
114..0 |
118..2 |
4.2 |
3.26 |
9.60 |
|
ELO-07-08 |
109..0 |
117..0 |
8.0 |
3.86 |
14.40 |
|
ELO-07-11 |
33.3 |
38.0 |
4.7 |
3.89 |
83.07 |
|
ELO-07-13 |
59.8 |
61.7 |
1.9 |
2.36 |
6.98 |
|
ELO-07-15 |
88.0 |
89.5 |
1.5 |
2.56 |
8.15 |
|
ELO-07-18 |
150..0 |
151..4 |
1.4 |
2.10 |
11.63 |
|
ELO-07-23 |
132..0 |
139..0 |
7.5 |
2.13 |
10.86 |
* Previously issued assay interval results in press release dated February 13, 2007. All assay results, and a drill hole location map, are available at the Company's website at www.elororesources.com. Grades are uncut. Lengths are measured along the core axis, but are very close to true widths, since mineralized intervals are sub-horizontal and were intersected by near vertical holes. ELO-07-05, 09 and 10 do not have any significant assay intervals. |
|
Drilling by the Company, since 2005, has consistently identified a continuous zinc-silver rich semi-massive to massive sulphide zone, with all 25 drill holes intersecting the HSZ, with the exception of two holes (ELO-07-09 and ELO-07-10) which intersected a north-south trending diabase dyke. The drilling continues to confirm the presence of high grade zinc (greater than 2 %) and silver (greater than 15 g/t) corridor which displays thicknesses varying between 1.9 m and 19.95 m.
The HSZ represents a large Zn-Ag-Au system that remains open in all directions, particularly the down-plunge extension of the HSZ that will be the focus of the next drilling program. Cluster geophysical anomalies identified in the 2006 airborne geophysical survey, located peripheral to the known HSZ in the western half of the Hurdman Property, remain untested.
Gold is also a significant component of the mineralized system. Significant gold grades are linked to very coarse pegmatite veins (or dykes), generally with higher silver grades and lower zinc grades, located at the footwall of the semi-massive sphalerite horizons and with silicified zones within the zinc-silver horizon. The gold content could potentially have a positive impact on future scoping studies at the Hurdman Property. The better gold grades obtained to date from the Company's 2006 and 2007 drilling include:
|
|
HOLE # |
FROM
(meters) |
TO
(meters) |
INTERVAL
(meters) |
GOLD
(g/t) |
|
ELO-07-02 |
79.3 |
80.1 |
0.8 |
1.63 |
|
96.0 |
96.7 |
0.7 |
2.00 |
|
112.3 |
112.7 |
0.4 |
6.13 |
|
ELO-07-04 |
84.8 |
85.3 |
0.5 |
2.68 |
|
ELO-07-11 |
38.9 |
43.0 |
4.1 |
2.53 |
|
INCL. |
38.9 |
40.0 |
1.1 |
5.23 |
|
ELO-07-13 |
52.3 |
53.0 |
0.7 |
2.19 |
|
ELO-06-03 |
83.00 |
83.40 |
0.40 |
5.10 |
|
ELO-06-06 |
79.80 |
80.10 |
0.30 |
1.99 |
|
ELO-06-07 |
74.90 |
75.35 |
0.45 |
1.95 |
|
ELO-06-08 |
72.00 |
76.40 |
4.40 |
1.97 |
|
ELO-06-11 |
42.95 |
44.60 |
2.15 |
1.73 |
|
|
43.70 |
45.10 |
1.40 |
2.40 |
|
INCL. |
43.70 |
44.15 |
0.45 |
5.97 |
|
|
60.50 |
61.00 |
0.50 |
3.39 |
|
ELO-06-12 |
39.20 |
39.80 |
0.6 |
2.05 |
|
|
40.50 |
41.35 |
0.85 |
2.00 |
|
|
58.50 |
58.95 |
0.45 |
48.69 | |
*ELO-07-04, 07-11 and 07-13 are new assay results. Assay interval results for ELO-07-02, 06-03, 06-06, 06-07, 06-08, 06-11 and 06-12 were previously issued in Eloro's press release dated February 13, 2007. All assay results, and a drill hole location map, are available at the Company's website at www.elororesources.com. Grades are uncut. Lengths are measured along the core axis, but are very close to true widths, since mineralized intervals are sub-horizontal and were intersected by near vertical holes. |
About Eloro Resources Ltd.
Eloro is a junior exploration company focused on discovering and developing precious and base metal quality resources in the James Bay District of northern Quebec and the Timmins Camp of northern Ontario.. Eloro currently has 19 Au-Cu-Ag and U3O8 properties covering 425 km2 in the La Grande and Eastmain Greenstone Belts, proximal to Goldcorp's Eleonore Gold Prospect. Eloro also has an option to earn a 50% interest in 31 claims held by Virginia Mines Inc. (refer to Eloro's press release dated November 23, 2006).
The technical content of this press release have been reviewed by Martin Bourgoin, P. Geo., Executive Vice-President, Exploration of Eloro, and the Company's Qualified Person under the guidelines of National Instrument 43-101.
|
For further information please contact:
Thomas G. Larsen, President and CEO or Jorge Estepa, Vice President
(416) 868-9168 (tel) or (416) 361-1333 (fax)
Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
-30-
ELO - TSX Venture Exchange
52 week high/low: $1.05 - $0.30
Shares Outstanding: 43,186,516
| |
|
|
|
|
|
|
Eloro Resources Ltd.. | 55 Adelaide Stret East | Suite 410 | Toronto | M5C 1K6 | Canada
|
|
|
Eloro Resources Ltd
|
|
EXPLORATEUR |
|
CODE : ELO.V |
|
ISIN : CA2899002018 |
|
|
| |
ProfilIndicateurs
de MarchéVALEUR :
Projets & res.Communiqués
de PresseRapport
annuelRISQUE :
Profile actifsContactez la cie |
Eloro Res. est une société d’exploration minière d'or et de cuivre basée au Canada. Eloro Res. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont HURDMAN, SIMKAR, JAMES BAY URANIUM, HORSESHOE et LEMOYNE NORTH au Canada. Eloro Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 109,9 millions CA$ (87,9 millions US$, 77,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 26 mars 2010 à 8,80 CA$, et son plus bas niveau récent le 07 novembre 2014 à 0,04 CA$. Eloro Res. possède 31 040 000 actions en circulation. |
| Rapports annuels de Eloro Resources Ltd |
| Attributions d'options de Eloro Resources Ltd |
| Projets de Eloro Resources Ltd |
| Communiqués de Presse de Eloro Resources Ltd |
| 07/07/2016 | Eloro Resources Retains European Investor Relations Firm |
| 10/06/2016 | Eloro Resources Commences Exploration on La Victoria Gold-Si... |
| 03/06/2016 | Eloro Resources Announces Changes to Management |
| 24/05/2016 | Eloro Resources Sells Royalty Interests in the Val d'Or Gold... |
| 11/05/2016 | Eloro Resources Completes $400,000 Financing |
| 09/05/2016 | Eloro Resources Announces $350,000 Financing |
| 09/05/2016 | Eloro Resources Increases Financing to $400,000 and Closes F... |
| 08/10/2015 | Eloro Extends Rufina East and West Mineralized Zones |
| 28/08/2015 | Eloro Resources Announces Financing and Proposed Shares-for-... |
| 12/08/2015 | Eloro Reports Assays from Rufina East New Mineralized Zone C... |
| 30/03/2015 | DNI Metals Inc. and Great Lakes Graphite Provide Supply Agre... |
| 23/03/2015 | DNI Metals Inc. Signs Graphite Supply Agreement with Great L... |
| 02/03/2015 | Eloro Resources and Tartisan Resources Announce Sample Assay... |
| 02/03/2015 | and Tartisan Resources Announce Sample Assay Results Contain... |
| 27/02/2015 | Eloro Resources Grants Stock Options |
| 19/02/2015 | Eloro Resources Completes Financing |
| 05/02/2015 | Eloro Resources Announces Financing |
| 29/01/2015 | Eloro Resources Grants Stock Options |
| 26/01/2015 | Eloro Resources Closes Shares-for-Debt Transactions |
| 19/12/2014 | Eloro Resources Announces Proposed Shares-For-Debt Transacti... |
| 09/12/2014 | Eloro Reports on Discovery of Polymetallic Boulders by Visib... |
| 30/09/2014 | Eloro Resources Announces Completion of Consolidation of Sha... |
| 23/09/2014 | Eloro Resources Announces Consolidation of Its Shares |
| 03/07/2014 | Eloro Resources Signs Definitive Agreement to Option La Vict... |
| 06/06/2014 | Eloro Sells Remaining Interest in the Simkar Gold Project |
| 17/10/2013 | (Simkar)d Mineral Resource Estimate at Simkar Gold Project |
| 17/10/2013 | (Simkar)d Mineral Resource Estimate at Simkar Gold Project |
| 23/09/2013 | (Simkar)Closes Transactions with Monarques Resources-Sells 50% Inter... |
| 08/08/2013 | (Simkar)Enters Into Transactions With Monarques Resources-Agrees to ... |
| 29/04/2011 | Appoints Director of Investor Relations |
| 05/06/2008 | from Eloro Resources Ltd. and NFX Gold Inc. from Streetwise ... |
| 09/04/2008 | Options Property to Fletcher Nickel |
| 26/03/2008 | Drills Significant Sulphide Mineralization at Delta Propert... |
| 30/01/2008 | Options Otish Uranium Properties, Announces Sale of Addition... |
| 07/12/2007 | Completes $3,000,000 Financing with MineralFields Group |
| 14/11/2007 | Announces Additional $1,000,000 Financing |
| 12/11/2007 | Announces Additional $3,000,000 Financing with MineralField... |
| 02/11/2007 | COMMENCES DRILLING AT AMELIE LAKE |
| 18/10/2007 | EXPANDS ITS URANIUM PROPERTY HOLDINGS IN THE OTISH MOUNTAINS... |
| 11/10/2007 | Updates Delta Project |
| 20/09/2007 | Retains AGORACOM to Provide Online Investor Relations and So... |
| 05/07/2007 | Acquires Otish Uranium Properties Near Strateco's Matoush Di... |
| 27/02/2007 | Completes $500,000 Financing with MineralFields Group |
| Publication de commentaires terminée |
|
|