VIEWS: 124 PAGES: 3 CATEGORY: Business POSTED ON: 4/29/2010
• Extensive historic gold workings located over approximately 4km ...
January 16th 2007 Encouraging Rock Chips from Tambourah Project Cortona Resources Ltd (CRC) has received assay results for rock chip, mullock dump, and drill-chip samples collected during an initial reconnaissance of the Company’s Tambourah Project situated 85km SW of Marble Bar in the Pilbara Region of WA. • Extensive historic gold workings located over approximately 4km of strike. • Numerous high grade rock samples, up to 58.5 g/t Au, returned. • Indications of base metal mineralisation. The field work has confirmed the presence of intermittent historical workings over a distance of ~4km. The workings include mine shafts and exploration costeans, which typically range from 1m to 5m deep, although several are estimated to go to 20m or more. The workings are centred on shear zones and quartz veins in volcanic rocks that strike roughly parallel to the adjacent N-S trending granite-greenstone contact. A total of 89 samples were collected, and analysed by fire assay for gold and base metals. Thirty-five samples returned gold assays >1.0g/t, while 9 of those exceeded 10.0g/t Au. Best gold values include 58.5g/t, 52.1g/t, and 49.4g/t. One of the samples returned highly anomalous base metal results, including 0.75% copper and 0.63% lead, with 38g/t silver. The Company will now assess these promising results in context with previous exploration, and the geology and mineralisation in the broader area, in order to plan a follow-up program in the coming months. Managing Director Peter van der Borgh said; “These gold results are very promising and the base metal anomalism is certainly intriguing. In addition to following up on these results we are about to commence a detailed structural and geochemical program over the North Monger project in our quest for the discovery of a Kanowna Belle style multi million ounce orebody near Kalgoorlie. The existing North Monger resources will also be followed up with RC drilling being planned to build on last year’s successes”. Yours Faithfully Peter van der Borgh Managing Director Competent Persons: The contents of this report that relate to geology and historical exploration are based on information compiled by Mr Peter van der Borgh, who is a Professional Geologist and Fellow of the Geological Society of London. He has sufficient experience relevant to the style of mineralisation and types of deposit under consideration and to the activity being undertaken to qualify as a ‘Competent Person’ as defined in the 2004 Edition of the Australasian Code for Reporting Results, Mineral Resources and Ore Reserves. Peter van der Borgh consents to the inclusion in this report of the matters compiled by him in the form and context in which they appear. 726000 mE 728000 mE 7594000 mN Granite Granite Po Po Greenstone Greenstone rrtt H Heea addll an an E Brilliant Brilliant E Historical Mine Historical Mine d1 d1 3.35 CRC Rock chip CRC Rock chip 60 60 km km Selected rock chip Selected rock chip 35.3 assays in g/t Au assays in g/t Au Access Road Access Road Tenement Boundary Tenement Boundary 2.95 (+38g/t Ag, 0.75% Cu, 0.63% Pb) 4.20 7592000 mN 58.5 8.78 Tambourah King Tambourah King E 35.3 Ma Ma rrbl Western Chief E bleeB Western Chief Baarr 12 1200k km 52.1 m Alexandria Alexandria E 49.4 8.95 E Kushmattie Kushmattie 7590000 mN E Victory Tambourah Victory Tambourah 200km PORT HEADLAND Marble Bar 1km 1km GDA94 GDA94 Tambourah WESTERN Zone 50 Zone 50 7588000 mN AUSTRALIA
Pages to are hidden for
"• Extensive historic gold workings located over approximately 4km "Please download to view full document