Kobex Resources Ltd.: Quality Assurance/Quality Control Program on Historical Drilling Completed
March 26 2008 - 9:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: KBX) and its partner,
U.S. Energy Corp. (NASDAQ Capital Market:"USEG") are pleased to
provide the following update on the Lucky Jack Molybdenum
Project:
Kobex has completed a quality assurance/quality control (QA/QC)
program on sample rejects from the historical diamond drilling
completed by Amax on the Mt. Emmons molybdenum deposit. Kobex's
QA/QC program included the following steps:
- Establishment and certification of standard reference
materials for the Project:
- A total of three standard reference materials were generated
from assay rejects from the previous drilling programs. A fourth
standard reference material (blank) was generated using
unmineralized material from off site.
- These four standards (one blank and three molybdenum grade
based standards) were prepared by CDN Labs and certified by Smee
& Associates Consulting Ltd.
- The analytical method employed in the certification stage and
subsequent QA/QC assaying stage was four acid digestion followed by
ICP-ES finish for molybdenum determination. The historical database
is based on acid digestion with colorometric finish with assays
reported as MoS2. This procedure is no longer practiced and has
been replaced by industry standard procedures such as the one
employed by this program. The current QA/QC program used molybdenum
grades which were converted to MoS2 grades using a factor of 1.6681
in order to make comparisons to the historical assay data.
- A total of 619 samples of assay rejects from the historical
core drilling were selected, representing the overall molybdenum
deposit at Mt. Emmons. Standards and blanks were inserted into the
suite of assay rejects.
- The assay rejects samples, standards and blanks were analyzed
by ALS Chemex while Skyline Assayers & Laboratories analyzed
assay reject samples only.
The results of the QA/QC program show that the molybdenite grade
reported in the historical database is verified with assays by
independent laboratories, using modern analytical techniques and
the requisite QA/QC procedures for exploration. The results of the
program are summarized below:
Amax mean value QA/QC mean value
Lab Number of Samples (% MoS2) (% MoS2)
Chemex 619 0.346 0.322
Skyline 616 0.346 0.328
In general, the outcome of the QA/QC program confirms the
validity of the existing historical assay database. All standards
submitted with the check assay samples fell within the allowed
limits established for the standards, therefore the original assays
are also accurate within industry accepted limits.
Maurice Tagami, Kobex COO, stated, "The results of this recent
QA/QC program show that the historical assay data is verifiable and
that previous estimates of the grade of molybdenum at the Lucky
Jack Project are justifiable."
Ms. Zofia Ashby, P. Eng., a consultant to Kobex, supervised the
QA/QC program and has reviewed the information in this release. Ms.
Ashby is a Qualified Person as defined under National Instrument
43-101.
On behalf of the Board of Directors
H. Leo King, President
This news release includes certain statements that express
management's expectation or estimates of future performance and may
be deemed "forward-looking statements". These forward-looking
statements include plans, estimates, forecasts and statements as to
management's expectations regarding the Lucky Jack Project These
forward-looking statements involve assumptions, risks and
uncertainties and actual results may vary materially. For these
reasons shareholders should not place undue reliance on such
forward-looking information.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this News
Release.
United States residents are cautioned that some of the
information that may be published by Kobex may not be consistent
with United States Securities and Exchange Commission disclosure
rules and may be materially different from what the Company is
permitted to disclose in the United States and therefore United
States residents should not rely on such information.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this News Release.
Contacts: Kobex Resources Ltd. Leo King President and Chief
Executive Officer (604) 484-6228 Kobex Resources Ltd. Maurice
Tagami Chief Operating Officer (604) 484-6228 (604) 688-9336 (FAX)
Email: investor@kobexresources.com Website:
www.kobexresources.com
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