Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Virgin Metals Inc.

Publié le 14 février 2008

Cuatro Hermanos Drill Program Continues to Delineate Broad Zones of Porphyry Sty

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada | Copper | G Mexico |

Shares Outstanding: 78,951,885

Cuatro Hermanos Drill Program Continues to Delineate Broad Zones
of Porphyry Style Cu-Mo Mineralization

Toronto, ON - February 14, 2008 - Virgin Metals Inc. (TSX: VGM) ("Virgin Metals" or the "Company") presents assay results for an additional eight drill holes at the Company's 100% owned Cuatro Hermanos copper-molybdenum porphyry property located 145 km southeast of Hermosillo in Sonora, northern Mexico.  Assay results presented here, for drill holes CHRC13-07 through CHRC20-07, represent part of an on-going reverse circulation drill program for which twenty six holes totaling 5,907 meters have been completed. 

Highlights from the drill results include:

Hole CHRC13-07 with 237.75 m grading 0.247% Cu and 0.014% Mo, including 22.86 m grading 0.725% Cu and 0.02% Mo and hole CHRC15-07 with 181.36 m grading 0.348% Cu and 0.031% Mo, including 33.53 m grading 0.757% Cu and 0.021% Mo 

Holes CHRC13-07 to CHRC16-07 were drilled within a 1,500 m long x 500 m wide band of phyllic and silicic hydrothermal alteration located along the northern and eastern sides of the porphyry complex, in areas historically called the Sulfate Zone and the Main Zone, respectively.  Exploration completed to date by Virgin Metals suggests that copper-molybdenum mineralization is continuous between the two zones, and accordingly the present campaign is aimed at demonstrating this potential continuity, then calculating a resource for the area.  Drill holes CHRC17-07 to CHRC20-07 were sited nearly 2.5 km further to the west, on a separate porphyry target centered on topographic promontory known as Moly Hill, over an area historically called the West Zone.  The current program is targeting depths of up to 300 meters, but most holes were stopped short of this depth due to limitations of the drilling equipment.   

Virgin Metals' President and CEO, Chris Davie, commented, "With nearly 6,000 meters of drilling completed to date, our program has successfully extended the known limits of mineralization over two distinct porphyry targets.  We recognize that mineralization in the Main and Sulfate Zones is open along a broad corridor to the east, as well as to the south and at depth.  Notably drill hole CHRC15-07, located at the south end of Main Zone, has returned some of the best overall Cu and Mo grades seen to date on the project, and like many of our drill holes it too has bottomed in mineralization.  As well, in some of the RC holes we note that grades improve appreciably at depth. Although we have completed only four holes in the West Zone, we are seeing consistently higher moly grades there, and believe that the area will contribute significantly to the overall resources base at Cuatro Hermanos.  After finishing the RC drilling phase of the explora tion campaign during the next week, and processing data for our recently completed geophysical survey, we anticipate initiating a 5,000 meter deep core drilling program during the first half of 2008."

Assay results for Virgin Metals' drill holes are summarized in Table 1 below:

     Table 1. Reverse Circulation Drilling - Cuatro Hermanos Project

Hole ID

Inclination

Total

From

To

Intercept

True

Cu

 

 Mo

 

(degrees)

Depth (m)

(m)

(m)

(m)

Thickness (m)

(%)

(%)

 

 

 

 

 

 

 

 

 

CHRC13-07

-70

272.80

35.05

272.80

237.75

197.28

0.247

0.014

 Including

 

 

35.05

57.91

22.86

21.48

0.725

0.02

 and

 

 

109.73

161.55

51.82

48.69

0.282

0.012

CHRC14-07

-70

216.41

188.98

216.41

27.43

25.78

0.146

0.003

CHRC15-07

-70

254.51

73.15

254.51

181.36

170.42

0.348

0.031

 Including

 

 

73.15

106.68

33.53

31.51

0.757

0.021

CHRC16-07

-85

263.66

60.96

68.58

7.62

7.59

0.159

0.007

CHRC17-07

-75

131.07

6.10

131.07

126.60

117.43

0.121

0.004

CHRC18-07

-90

236.22

33.53

236.22

202.69

202.69

0.185

0.016

 Including

 

 

33.53

51.82

18.29

18.29

0.345

0.013

 and

 

 

164.59

236.22

71.63

71.63

0.250

0.021

CHRC19-07

-90

239.27

33.53

239.27

205.74

205.74

0.174

0.031

CHRC20-07

-90

80.77

0

80.77

80.77

80.77

0.105

0.038

Including

 

 

0

41.15

41.15

41.15

0.105

0.052

Mineralization at Cuatro Hermanos is localized primarily in quartz-sericite-pyrite dominant phyllically altered Lower Tertiary quartz diorite, granodiorite, and diorite, containing varying amounts of chalcopyrite, chalcocite, bornite, and molybdenite as disseminations and veinlet stock works.   To date, only a small portion of this large porphyry system has been evaluated. 

At the beginning of the New Year, drill contractor, Layne de Mexico's track-mounted RC rig was moved from the West Zone, back east, to the Main Zone where it has completed another six drill holes (CHRC21-08 through CHRC26-08) for which assay results are not yet available. A map showing the location of the drill holes along with other information about the Company and its projects is available at: www.virginmetals.com.

Samples of drill cuttings at Cuatro Hermanos are being collected at 1.52 m (5 ft.) intervals, and reduced in size whenever necessary to (ideally) 3 to 4 kg using a Jones riffle splitter.  Plastic sample bags are immediately sealed on-site using pre-numbered security tags. The samples are stored for a short time at the Company's field office near the project, until they can be transported by Company personnel to ALS Chemex's sample preparation facility in Hermosillo.  A duplicate pulp and the reject material for all samples are being securely stored for possible future use.   All assay work is being carried out at ALS Chemex's ISO 9001-2000 certified laboratory in Vancouver, Canada.  Virgin Metals has incorporated quality control measures for the analytical work including the insertion of standards, blanks, and duplicate samples, details for which will be made available in a future news release.

In other news, preliminary results have been received from geophysics contractor, Zonge Geosciences, for 26 line-kilometers of induced polarization-resistivity surveying completed last month over the Cuatro Hermanos porphyry system.  The work indicates that large portions of Cerro San Felipe are underpinned by IP chargeability anomalies, which appear to extend to great depth and indicate the presence of significant disseminated sulfide concentrations.  Such work will be used to help define targets for the upcoming core drilling program.  Further information will be made available for this study after the data has been adequately processed and evaluated.

Exploration at the Cuatro Hermanos project is being supervised by John C. Spurney, the company's Vice President of Exploration. Mr. Spurney, a qualified person as defined under the terms of National Instrument 43-101, has reviewed the contents of this press release.

About Virgin Metals

Virgin Metals is a junior exploration and development company; its projects include two copper-molybdenum porphyry properties in Sonora, northern Mexico.  One of these, Los Verdes, is undergoing a feasibility study and is expected to evolve rapidly towards production while the other, Cuatro Hermanos, is presently the focus of an intense exploration effort.

FORWARD-LOOKING STATEMENTS

This press release includes certain "forward-looking information" within the meaning of the Securities Act (Ontario), including, but not limited to, statements as to timing and extent of exploration programs and the availability of exploration results. As such, forward-looking information addresses future events and conditions and so involves inherent risks and uncertainties, as disclosed under the heading "Risk Factors" and elsewhere in Virgin Metals documents filed from time to time with the Ontario Securities Commission and other regulatory authorities.  Actual results could differ significantly from those currently projected as a result of, among those factors, adverse weather, regulatory changes, delays in receiving permits, accidents and delays in completing exploration activities not all of which are in the control of Virgin Metals. The forward-looking information contained herein is Virgin Metal's reasonable estimate today of future events and conditions, but no assurance can be given that such events or conditions will occur.

For further information, please contact:

Valerie Kimball, Investor Relations
Email: vkimball@virginmetals.com    
Phone: (303) 703 1210

RENMARK FINANCIAL COMMUNICATIONS INC.
BARBARA KOMOROWSKI : BKOMOROWSKI@RENMARKFINANCIAL.COM
NEIL MURRAY-LYON: NMURRAYLYON@RENMARKFINANCIAL.COM 
MEDIA - VANESSA NAPOLI : VNAPOLI@RENMARKFINANCIAL.COM
PHONE:  (514) 939-3989
FAX:  (514) 939-3717
WWW.RENMARKFINANCIAL.COM

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Virgin Metals Inc.

EXPLORATEUR
CODE : VGM.TO
ISIN : CA9276922023
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Virgin Metals est une société d’exploration minière de cuivre et de molybdène basée au Canada.

Virgin Metals détient divers projets d'exploration au Mexique.

Ses principaux projets en exploration sont LOS VERDES, LOS VERDES COPPER/MOLY et CUATRO HERMANOS au Mexique.

Virgin Metals est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,0 millions CA$ (1,9 millions US$, 1,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 0,97 CA$, et son plus bas niveau récent le 09 avril 2009 à 0,01 CA$.

Virgin Metals possède 49 449 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Projets de Virgin Metals Inc.
11/09/2008Files Technical Reports on Los Verdes and Cuatro Hermanos
28/07/2008Announces Receipt of a Positive Pre-Feasibility Study on the...
10/07/2008(Cuatro Hermanos)Mineral Resource at Cuatro Hermanos
02/04/2008(Cuatro Hermanos) Extends Limits of Cu-Mo Mineralization at its Cuatro Herman...
28/02/2008(Los Verdes)Releases Updated Los Verdes Resource Estimate
14/02/2008(Cuatro Hermanos)Cuatro Hermanos Drill Program Continues to Delineate Broad Z...
07/11/2007(Los Verdes Copper/moly)Provides Update on Mexico Projects
Communiqués de Presse de Virgin Metals Inc.
28/03/2008Announces Filing of its 2007 Year End Disclosure Documents
11/02/2008 Adopts Shareholder Rights Plan and Provides Update on Activ...
06/12/2007 Announces Final Diamond Drill Results from Los Verdes
29/11/2007 Announces Long Intervals of Copper-Molybdenum Mineralizatio...
18/09/2007Announces Board and Management Additions
05/09/2007High Molybdenum Grades Intersected at Cuatro Hermanos
08/08/2007Update on Cuatro Hermanos Property
12/07/2007Drill Results at Los Verdes
03/07/2007Completes Acquisition of Cuatro Hermanos Property
31/05/2007Reports Additional Drill Results, Including 22m. at 0.78% Mo...
18/05/2007Acquires Ownership of Cuatro Hermanos Property
23/04/2007Resumes Drilling at Los Verdes; Reports 39.62m Intercept at ...
20/04/2007Receives Conditional Approval to List on the Toronto Stock E...
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TORONTO (VGM.TO)FRANKFURT (PYC.F)
0,040+0.00%0,028+75.00%
TORONTO
CA$ 0,040
10/05 17:40 -
0%
Cours préc. Ouverture
0,040 0,040
Bas haut
0,040 0,040
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,040 -55,56%
Volume var. 1 mois
12 000 -55,56%
24hGold TrendPower© : 4
Produit
Développe
Recherche Gold
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,48 AU$+0,00%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
12,03 US$+2,30%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,54 GBX-0,92%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,63 CA$+1,54%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
15,84 CA$+4,55%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,21 AU$-4,55%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,87 CA$+4,47%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
50,80 US$+0,52%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :