China Minerals Extends Gold Zones at the Taurus Gold Deposit
September 18 2012 - 6:00AM
Marketwired Canada
China Minerals Mining Corporation ("China Minerals" or the "Company") (TSX
VENTURE:CMV)(PINKSHEETS:HWTHF) is pleased to announce results from the first 15
diamond drill holes from the Taurus Property of the Cassiar Gold Project,
British Columbia. The 2012 drilling program tested areas peripheral to, as well
as internal gaps in, the Taurus Gold Deposit ("Taurus"). The drilling program,
which was completed in the first week of September, comprised 6,857 metres of
drilling in 43 drill holes at Taurus and 10 drill holes totaling 1,340 metres at
the Sky Vein prospect on the adjacent Table Mountain Property. Sulphide bearing
quartz veins 10-20 metres wide were encountered in several holes at Sky Vein.
The Taurus and Table Mountain properties, which collectively comprise Cassiar
Gold Project, are 100% owned by China Minerals. The Cassiar Gold Project is a
large, 600 square kilometer property located in northwest B.C. Access to the
Project is excellent since paved Highway 37 bisects the Project between Taurus
and Table Mountain. The Table Mountain Property contains a fully permitted gold
mill and tailings management facility which are available for potential future
ore processing.
The first 15 drill holes (numbered TA12-01 through TA12-15) of the drilling
program targeted areas proximal to higher-grade historical drilling intercepts
within the central Taurus deposit area known as 88 Hill (Table 1) as well as an
area of sparse prior drilling known as the 88 Hill / Sable Gap (Table 2) which
previously formed a gap in the resource of the Taurus Gold Deposit. The 88 Hill
/ Sable Gap holes intersected several mineralized structures within this 200 by
100 m target region indicating that mineralization is continuous across the gap.
The 88 Hill holes tested deeper parts of the deposit down-dip of shallow,
high-grade intercepts and met with mixed success.
The Company's Chief Executive Officer, Ling Zhu, is pleased with the first round
of Taurus results: "Extending the mineralized structures across the 88 Hill /
Sable internal gap is very encouraging. This demonstrates continuity of the
Taurus structures and given that the deposit is open in many directions, these
results show the potential to expand the deposit through step-out drilling."
Highlighted analyses for the 88 Hill / Sable Gap drilling include 27.20 m of
1.46 g/t Au (TA12-11), 4.70 m of 12.32 g/t Au (TA12-14) and 4.71 m of 7.91 g/t
Au (TA 12-15). Mineralized intervals are centred on ankerite altered zones
surrounding quartz-ankerite veins hosted by basalt. Higher-grade gold
mineralization is associated with halos of disseminated pyrite and less common
arsenopyrite surrounding the veins, and also with vein-hosted native gold that
typically occurs with trace tetrahedrite, sphalerite or chalcopyrite. Two types
of contemporaneous veins are recognized: laterally continuous shear veins and
discontinuous extensional veins, the latter which occur as splays emanating from
shear veins. Together they form a complex structural network; re-examination of
drill core from the historic Taurus core archive, in conjunction with the 2012
drilling program has shown that shear vein structures can be linked between
adjacent drill holes. This new interpretation is guiding current and future
exploration drilling at Taurus.
Table 1. Drill Core Sample Results - 88 Hill
----------------------------------------------------------------------------
Weighted Average
Hole Number From (m) To (m) Interval (m)(i) (g/t Au)
----------------------------------------------------------------------------
TA12-01 34.00 40.50 6.50 0.62
----------------------------------------------------------------------------
TA12-02 70.00 102.10 32.10 1.00
TA12-02 164.60 175.00 10.40 1.36
----------------------------------------------------------------------------
TA12-04 6.38 32.61 26.23 0.96
including 28.22 32.61 4.39 3.23
TA12-04 43.60 51.26 7.66 1.25
----------------------------------------------------------------------------
TA12-05 31.00 37.00 6.00 8.94
TA12-05 62.95 108.50 45.55 0.72
----------------------------------------------------------------------------
TA12-09 11.20 16.30 5.10 4.85
TA12-09 42.00 48.90 6.90 3.06
----------------------------------------------------------------------------
(i)Reported drill intercept widths are approximately 65 to 80% of true width
Table 2. Drill Core Sample Results - 88 Hill / Sable Gap
----------------------------------------------------------------------------
Weighted Average
Hole Number From (m) To (m) Interval (m)(i) (g/t Au)
----------------------------------------------------------------------------
TA12-03 14.94 23.90 8.96 2.05
TA12-03 72.20 80.40 8.20 1.58
----------------------------------------------------------------------------
TA12-06 16.10 33.25 17.15 1.04
including 21.05 25.30 4.25 1.94
----------------------------------------------------------------------------
TA12-07 15.77 27.00 11.23 1.18
----------------------------------------------------------------------------
TA12-08 Failed to reach bedrock
----------------------------------------------------------------------------
TA12-10 14.04 17.10 3.06 4.23
TA12-10 41.29 57.16 15.87 1.56
TA12-10 99.05 106.38 7.33 2.03
----------------------------------------------------------------------------
TA12-11 36.50 42.65 6.15 2.65
TA12-11 104.60 131.80 27.20 1.46
----------------------------------------------------------------------------
TA12-12 85.15 88.00 2.85 1.56
TA12-12 119.85 127.03 7.18 1.88
----------------------------------------------------------------------------
TA12-13 No significant results
----------------------------------------------------------------------------
TA12-14 15.80 20.67 4.87 1.82
TA12-14 26.00 30.70 4.70 12.32
----------------------------------------------------------------------------
TA12-15 15.89 20.60 4.71 7.91
TA12-15 100.50 107.21 6.71 1.16
----------------------------------------------------------------------------
(i)Reported drill intercept widths are approximately 65 to 85% of true width
The 2012 Cassiar Gold field program was managed by Equity Exploration
Consultants Ltd. of Vancouver, B.C. and advised by consulting geologists David
Rhys, P. Geo. and B.H. Kahlert, P. Eng. Drilling was contracted to Apex Diamond
Drilling Ltd. of Smithers, B.C. who averaged 105 m coring per day.
About the Taurus gold deposit
The Taurus Gold Deposit is located within the northern part of the Cassiar Gold
Project. Taurus hosts an inferred resource of 1.06 million ounces of gold
comprising of 33.1 million tonnes at an average capped grade of 0.99 g/t Au
using a cut-off grade of 0.50 g/t Au. The resource is supported by a technical
report titled, "Updated Resource Report on the Taurus Project - Liard Mining
District, B.C.," dated March 11, 2009 and prepared by Thomas C. Stubens and
Marinus Andre de Ruijter of Wardrop Engineering Inc., which was filed at
www.sedar.com on March 18, 2009 and announced via news release dated March 19,
2009. No economic assessment has been completed on the Taurus resource and
consequently it has not demonstrated economic viability.
Quality Control
The Company's technical disclosure in this news release has been verified and
approved by Dr. Darcy Baker, Ph.D., P.Geo., an independent Qualified Person as
defined by National Instrument 43-101 and President of Equity Exploration
Consultants Ltd. Dr. Baker is a consultant to the Company and supervised the
2012 Cassiar Gold project exploration program.
Quality control procedures for the 2012 drilling program comprise systematic
insertion of blank and certified standard samples and quarter-core duplicate
samples into the drill core sample sequence. Samples were placed in sealed bags
and shipped directly to the ALS Minerals preparation facility in Terrace, B.C.
prior to gold analysis by fire assay with atomic absorption finish and
multi-element analysis by ICP methods at the ALS Minerals laboratory in
Vancouver, B.C. For samples returning greater than 5.00 g/t Au, follow-up fire
assay analysis with gravimetric finish is completed while samples returning
greater than 10.00 g/t Au undergo screen metallic fire assay.
About China Minerals Mining Corporation
China Minerals Mining Corporation is a Canadian based exploration and
development company with offices located in Vancouver, B.C. and Beijing, China.
China Minerals' ambition is to build an international mining company.
ON BEHALF OF THE BOARD OF DIRECTORS
Ling Zhu, Chief Executive Officer
China Minerals Mining Corporatio (TSXV:CMV)
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