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Bass Metals Ltd

Publié le 17 février 2009

Que River Drilling Update

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Mots clés associés :   Copper | Zinc |

Bass Metals (ASX: BSM)

 

ASX Release                                                                                                       17 February 2009

 

 

Que River Drilling Update

 

Bass Metals Ltd (ASX:BSM) is pleased to provide the following update on the Company?s recent drilling at its Que River Mine located in NW Tasmania, as presented to the RIU Explorers Conference today.

 

Key Points

  • PQ Lens yields further high grade intercepts to the north of the current pit limit:

w        18.3 metres at 12.4 % zinc, 6.0% lead, 0.2 % copper, 190 g/t silver and 2.5 g/t gold (QRD1293).

w        5.9 metres at 17.7 % zinc, 9.6% lead, 0.2 % copper, 421 g/t silver and 5.4 g/t gold (QRD1297).

w        1.3 metres at 27.6 % zinc, 10.7 % lead, 0.4 % copper, 443 g/t silver and 5.2 g/t gold (QRD1298).

  • These drill results confirm potential Exploration Target of between 40 to 60kt of high-grade PQ style mineralisation.
  • Strong gold assays in PQ extensional drilling reflect ?sold PQ ore? grades in January which are 8.3 g/t gold; as well as 19.3 % zinc, 10.5% lead, 0.3% copper and 326 g/t silver.

 

This report presents the assay results for six diamond drill holes drilled to test shallow extensions of the high grade PQ Lens north of the existing PQ pit.  Assay results received for drill holes QRD1293, QRD1294, QRD1296 to QRD1298 and QRD1300 are presented in Table 1 and schematically in longitudinal section in Figure 1.

 

The drill holes reported are testing discrete positions along strike of the PQ lens between areas known to have been stoped during the historic underground mining operations in the 1980?s.  The Company recently reported an Exploration Target of 40kt to 60kt immediately north and beneath the current Stage 1 PQ pit as shown in Table 2 and Figure 1.

 


Table 1:  Assay summary at 5% (Pb+Zn) cutoff

From (m)

To (m)

Drilled Interval (m)

Zn (%)

Pb (%)

Cu (%)

Ag (g/t)

Au (g/t)

QRD1293 (at > 5 % (Pb+Zn) cut-off)

59.70

78.00

18.30

12.4

6.0

0.2

190

2.5

QRD1294 (at > 5 % (Pb+Zn) cut-off)

18.90

21.00

2.10

3.8

1.7

0.1

45

0.5

QRD1296 (at > 5 % (Pb+Zn) cut-off)

95.50

99.90

3.50

7.0

4.1

0.1

136

2.4

102.30

104.00

1.70

6.0

3.3

0.1

106

2.2

QRD1297 (at > 5 % (Pb+Zn) cut-off)

88.60

94.50

5.90

17.7

9.6

0.2

421

5.4

100.00

102.00

2.00

4.4

2.8

0.1

52

1.8

QRD1298 (at > 5 % (Pb+Zn) cut-off)

101.30

102.60

1.30

27.6

10.7

0.4

443

5.2

111.70

112.80

0.80

9.9

2.0

0.4

92

1.2

QRD1300 (at > 5 % (Pb+Zn) cut-off)

29.30

34.00

4.70

6.8

4.4

0.1

80

1.0

37.00

38.00

1.00

5.9

3.0

0.1

53

0.9

*Significant intervals reflect interval selection criteria where an intercept generally comprises at least:

?          For polymetallic mineralisation ? minimum of 3 metres downhole at a minimum assay cut-off of 5 % (Pb+Zn); or,

?          For gold mineralisation - at least 5 metres downhole at a minimum assay cut-off of 1 g/t Au.

 

Figure 1: PQ Lens ?north? extensional drilling

 Q River Long Res.jpg

 

Table 2: PQ Exploration Target

Tonnage Range

(kt)

Grade Ranges (from ? to)

Zn (%)

Pb (%)

Cu (%)

Ag g/t

Au g/t

40 to 60

8 to 22

4 to 11

0.1 to 0.5

100 to 350

2 to 8

 

This drilling programme resumed this week, and will continue to test the along-strike extensions of the PQ Lens.  Detailed information on the Exploration Target and the updated Que River Ore Reserves is provided in Bass Metal?s report to ASX on 10 February, 2009. 

 

Commentary

 

Drilling results at PQ ?north? provide encouragement for further possible Ore Reserve upgrades as reported recently for Que River.  Extensions of the high-gold polymetallic mineralisation within the PQ system appear evident in the reported assays (QRD1297 and 1298).  It is worth noting that ore sold in January 2009 (c. 5,250 tonnes) graded approximately 8.3 g/t gold; as well as 19.3 % zinc, 10.5% lead, 0.3% copper and 326 g/t silver.  Further production updates are provided in the Company?s presentation to the RIU Explorers Conference, also lodged with ASX today.

 

I look forward to reporting further on the Company?s progress and outcomes in pursuit of its growth objectives in the near term.

 

Yours Sincerely

Mike Rosenstreich

Managing Director

 

The information within this report that relates to exploration results is based on information compiled by Mr Kim Denwer and Mr Mike Rosenstreich who are both full time employees of the Company.  Mr Rosenstreich is a Member of The Australasian Institute of Mining and Metallurgy, and Mr Denwer is a Member of the Australian Institute of Geoscientists.  They both, individually have sufficient experience relevant to the styles of mineralisation and types of deposits under consideration and to the activities currently being undertaken to qualify as a Competent Person(s) as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and they consent to the inclusion of this information in the form and context in which it appears in this report.

 

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Bass Metals Ltd

PRODUCTEUR
CODE : BSM.AX
ISIN : AU000000BSM8
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Bass Metals est une société de production minière de plomb et de zinc basée en Australie.

Bass Metals est productrice de plomb, de zinc, d'argent, de cuivre et d'or en Australie, en développement de projets d'argent, de cuivre, d'or, de plomb et de zinc en Australie.

Son principal projet en production est QUE RIVER MINE en Australie, son principal projet en développement est HELLYER MINE en Australie et ses principaux projets en exploration sont WHYTE RIVER, HEAZLEWOOD, STERLING VALLEY, MAGNET JV, LYNCHFORD JV, LEVEN RIVER JV, OONAH JV, MT CHARTER et FARRELL en Australie.

Bass Metals est cotée en Australie. Sa capitalisation boursière aujourd'hui est 417,3 millions AU$ (299,4 millions US$, 257,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 18 février 2011 à 0,47 AU$, et son plus bas niveau récent le 27 juin 2014 à 0,00 AU$.

Bass Metals possède 1 368 150 016 actions en circulation.

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Nominations de Bass Metals Ltd
28/08/2008Appointment of new Exploration Manager
Projets de Bass Metals Ltd
09/12/2011Commercial Robustness of Hellyer Gold Project
20/10/2011McKay High-Grade Hit
28/07/2010(Hellyer Mine)Positive Gold Processing Scoping Study Outcomes
27/01/2010(Hellyer Mine)to Develop its Second Base Metals Mine in Tasmania
18/08/2009(Hellyer Mine)Updated Fossey Zone Resource
23/06/2009(Hellyer Mine)Hellyer Mine Lease Transfer & Tails Resource Update
17/02/2009(Que River Mine)Que River Drilling Update
10/02/2009(Que River Mine)Que River Ore Reserve Upgrade
04/02/2009(Hellyer Mine)Fossey Zone Drilling Update
11/12/2008(Hellyer Mine)Expands Growth Horizons With Landmark $4m Hellyer Mill Acqui...
14/11/2008(Hellyer Mine)High grade drill intercepts at Fossey Zone
30/09/2008(Hellyer Mine)Fossey Zone Resource - Doubles Hellyer Resources
26/09/2008(Que River Mine)Delivers Maiden $1.8M Net Profit Underpinned by Strong Produ...
08/09/2008(Que River Mine)Hellyer & Que River Mine Update
19/08/2008Further Progress on High-Grade Polymetallic Mineralisation a...
01/07/2008(Hellyer Mine)High grade drill intercepts at Fossey Zone
23/06/2008(Que River Mine)Que River Mine Operations Update
02/05/2008 Fossey Zone - High Grade Drill Intercept
17/04/2008(Hellyer Mine)Hellyer Mine Project- High Grade Drill Intercept
10/03/2008Bass Metals: Fossey Zone, Hellyer - Further High Grade Assay...
27/02/200819 Metre High Grade Intersection at Fossey Zone, Hellyer
12/02/2008 Further High Grade Base Metal Intersections at Fossey Zone
Communiqués de Presse de Bass Metals Ltd
27/05/2016Bass Transaction Update
04/12/2015Bass Transaction Update 4 December 2015
18/09/2015Bass Metals Ltd Investment Update
29/12/201330.12.2013 Quarterly Activities Report
25/10/2011MD Interview =e2?? Quarterly and Capital Raising
25/10/2011September Quarterly Report - A Strong Recovery
13/10/2011Open Investor Forums - Brisbane, Sydney, Melbourne, Perth an...
15/09/2011Prospectus and Update Interview
20/07/2011Rebuilding Lost Value
15/06/2010European Investor Roadshow
11/06/2010New Broker Research from Intersuisse
29/01/2010December 2009 Quarterly Report Of Activities & Cashflow
05/10/2009Hellyer Toll Treatment Letter of Intent
28/09/2009Bass poised for strong growth after sharp increase in profit
14/09/2009Reaches Agreement to Extend Que River Ore Sales
30/07/2009June 2009 Quarterly Report
11/03/2009Delivers $4.5M First Half Profit on Strong Que River Perform...
24/12/2008Drilling Update
20/08/2008Iron, Tin & Tungsten - new Joint Venture
30/07/2008June 2008 Quarterly Activities Report
17/07/2008Metal - Hellyer Project Drilling Update - Fossey Zone Strike...
15/05/2008Exploration & Development Update
24/04/2008Stong March Qtly Report
24/04/2008Quarterly Activities Report - March 2008
31/01/2008December 2007 Quarterly Activities Report
21/12/2007Final Update for 2007
21/11/2007Patersons Research Report
26/06/2007Signs Key Que River Off-take Agreement with Zinifex
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