Drilling Results
December 05 2005 - 5:21AM
UK Regulatory
RNS Number:1238V
Leyshon Resources Limited
05 December 2005
LEYSHON RESOURCES LIMITED
ZHENG GUANG GOLD PROJECT'S DEVELOPMENT POTENTIAL ENHANCED BY SIGNIFICANT DRILL
RESULTS
Leyshon Resources Limited ("Leyshon") (ASX and AIM : LRL) today reports assay
results from over 88% of a 12,100 metre diamond drilling programme at the Zheng
Guang gold project in the highly mineralised province of Heilongjiang, northeast
China.
In January 2004 Leyshon created the Province's first Sino Foreign Mining Joint
Venture when it entered into an agreement with the Heilongjiang Bureau of
Geology and Mineral Resources to explore and develop the recently discovered
Zheng Guang gold project.
Following last year's highly successful 4,500 metre diamond drilling programme
this year's programme comprised vertical and angle drilling on the Main Ore Zone
to an average depth of around 200 metres and the excellent results received have
confirmed the project's near term development potential.
Significant gold assay results received from the latest drilling include:
ZGD049 20m at 3.52 g/t from 231m
ZGD054 12m at 3.49 g/t from 1m
ZGD056 2m at 18.18 g/t from 11m
ZGD060 9m at 7.82 g/t from 187m
ZGD064 14m at 4.32 g/t from112m
8m at 7.84 g/t from137m
9m at 5.78 g/t from 164m
ZGD074 45m at 3.49 g/t from 72m
ZGD079 6m at 14.62 g/t from 71m
inc 2m at 37.92 g/t
7m at 5.71 g/t from 134m
ZGD082 2m at 91.26 g/t from173m
ZGD085 9m at 4.29 g/t from 42m
2m at 13.32 g/t from 93m
ZGD086 8m at 5.40 g/t from103m
ZGD088 9m at 4.97g/t from 117m
3m at 7.49 g/t from 144m
ZGD100 6m at 24.31 g/t from 66m
inc 1m at 88.72g/t
inc 1m at 32.75g/t
2m at 65.22 g/t from 84m
inc 1m at 120.55g/t
The gold assays have been prepared and reported by the Qiqihar Bureau of Geology
and Mineral Resources laboratory Qiqihar, Heilongjiang, PRC. SGS-CSTC Standards
Technical Services (SGS), Tianjin, PRC are currently undertaking check assay
verification work and Maxwells Geoservices of Australia will provide a validated
database with QA/QC assessment to allow a JORC compliant resource estimate to be
prepared.
Feasibility Studies have commenced under the management of resource engineering
company Ausenco Ltd of Brisbane, Australia. Ausenco has recently opened an
office in Beijing and is managing the engineering, design and construction of a
large gold project in Southern China which is combining low Chinese costs with
the latest engineering technology.
The brief for Ausenco is to prepare a Feasibility Study for the immediate
development of the near surface Main Ore Zone taking advantage of low Chinese
capital and operating costs with a view to creating a long term sustainable
operation capable of fully exploiting the resource potential of the project.
As expected with the mesothermal style of the Zheng Guang mineralization, there
are significant base metals associations and in this case there is a strong
correlation between gold grades and the zinc (and silver) grades reported in the
assays. Zinc grades range up to 12% and silver up to 65 grams per tonne. The
copper and lead associations are sub economic.
The zinc occurs as sphalerite which is the most common economic zinc mineral and
is readily amenable to recovery by flotation. An example of the close
association of gold, zinc and silver is shown in the following table which
represents a consecutive zone of 7 metres of core:
Au (g/t) Ag (g/t) Zn (%)
0.24 2.37 0.184
0.95 8.01 0.506
5.80 32.20 2.997
1.69 10.16 1.788
7.65 35.30 4.068
0.48 4.46 0.127
0.07 3.00 0.070
The economic significance of the zinc and silver mineralization will be
evaluated by Ausenco in its Feasibility Studies.
The programme has confirmed the overall size of the Zheng Guang system and has
identified a zone of thicker and/or high grade mineralization trending towards
known mineralization at Zheng Guang North located. This 1.25 kilometre zone will
be the immediate focus for the next drill programme as will the large
geochemical anomalies at Zheng Guang North - Southern Extensions, West and East.
The Directors are very encouraged by the results of the drill programme which
have in their view confirmed the development potential of the project.
Managing Director Paul Atherley commented: "This outcome is particularly
pleasing as the Zheng Guang project is the first resource project to be
developed by a Foreign Company in Heilongjiang and will give all parties
confidence in expanding the areas of cooperation."
The Company was recently admitted onto the London Stock Exchange's AIM market
with Seymour Pierce as its nominated adviser and broker. Mining Analyst Charles
Kernot - recently awarded Mining Analyst of the Year by the Association of
Mining Analysts in London - has prepared a comprehensive research report on
Leyshon which will be available from 6 December 2005.
Leyshon's strategy is to apply the latest exploration techniques to
underexplored projects in China and its neighbouring countries with a view to
identifying and developing high quality projects. It has an established presence
in China and is one of the few resource companies with its main operational
office in Beijing.
For further information contact:
Paul Atherley - Managing Director Tim Thompson/Elly Williamson
Tel: +86 10 8528 9256 Buchanan Communications
Mob: +61 417 475 038 Tel: +44 207 466 5000
Geological Information
The information in this report relating to Exploration Results, Mineral
Resources or Ore Reserves is based on information compiled by Mr Greg Jones, a
full time employee of the Company, who is a member of the Australasian Institute
of Mining and Metallurgy.
Mr Jones has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which
he is undertaking to qualify as a Competent Person as defined in the 2004
Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves'. Mr Jones consents to the inclusion in the report of
the matters based on his information in the form and context in which it
appears.
Drill Hole No From To Width Grade (g/t)
ZGD048 116 120 4 3.79
134 135 1 0.57
ZGD049 206 210 4 3.75
215 216 1 1.24
231 251 20 3.52
ZGD050 No Significant Intersections
ZGD051 6 8 2 2.19
16 17 1 2.97
22 24 2 1.12
34 38 4 3.00
56 59 3 0.55
ZGD052 0 2 2 0.91
22 23 1 2.93
40 42 2 7.54
ZGD053 43 48 5 1.08
116 117 1 0.76
122 123 1 4.27
ZGD054 1 13 12 3.49
ZGD055 16 17 1 1.45
ZGD056 11 13 2 18.18
25 27 2 1.29
ZGD057 No Significant Assays
ZGD058 121 122 1 0.51
125 140 15 2.26
148 149 1 1.10
198 199 1 1.21
Drill Hole No From To Width Grade (g/t)
ZGD059 43 45 2 2.99
ZGD060 58 64 6 3.17
107 113 6 3.97
128 129 1 0.95
131 132 1 0.53
148 149 1 0.70
161 162 1 0.73
171 184 13 2.40
187 196 9 7.82
203 210 7 0.61
222 228 6 2.34
ZGD061 152 153 1 2.51
162 164 2 4.94
ZGD062 22 24 2 0.98
31 33 2 0.88
ZGD063 60 64 4 4.11
ZGD064 93 94 1 5.60
112 126 14 4.32
137 145 8 7.84
159 160 1 1.37
164 173 9 5.78
179 180 1 0.64
198 204 6 0.76
ZGD065 112 114 2 1.11
ZGD066 46 50 4 1.17
ZGD067 109 110 1 0.51
ZGD068 No Significant Assays
Drill Hole No From To Width Grade (g/t)
ZGD069 87 88 1 1.52
91 97 6 2.50
102 104 2 1.45
107 108 1 4.83
123 130 7 1.95
140 148 8 2.46
159 160 1 6.72
165 166 1 1.92
209 210 1 5.05
ZGD070 125 127 2 3.02
ZGD071 40 43 3 0.54
ZGD072 0 1 1 0.97
31 34 3 2.70
ZGD073 24 25 1 0.65
66 72 6 0.62
ZGD074 24 25 1 0.54
Angle hole 32 33 1 0.54
49 50 1 4.27
58 59 1 1.18
60 63 3 1.10
72 74 2 5.59
76 87 11 4.85
89 90 1 1.74
93 99 6 3.09
103 117 14 5.29
143 144 1 1.41
154 157 3 0.99
162 167 5 0.60
170 173 3 1.19
ZGD075 17 22 5 2.05
Angle Hole 42 46 4 3.71
66 74 8 2.17
Drill Hole No From To Width Grade (g/t)
ZGD076 No Significant Assays
ZGD077 121 122 1 0.57
147 148 1 0.67
ZGD078 No significant Assays
ZGD079 49 52 3 1.41
71 77 6 14.62
87 90 3 1.69
103 106 3 0.70
116 117 1 0.61
134 141 7 5.71
158 162 4 1.91
217 223 6 1.19
253 254 1 0.83
ZGD080 No Significant Assays
ZGD081 84 85 1 0.51
ZGD082 173 175 2 91.26
217 219 2 0.77
239 240 1 0.87
276 277 1 1.79
284 293 9 1.46
326 327 1 0.78
ZGD083 12 15 3 3.56
(Angle Hole) 22 23 1 7.08
40 41 1 4.88
ZGD084 55 56 1 1.91
Drill Hole No From To Width Grade (g/t)
ZGD085 42 51 9 4.29
60 71 11 1.42
74 77 3 0.53
80 90 10 3.70
93 95 2 13.32
ZGD086 103 111 8 5.40
125 126 1 0.54
128 129 1 0.73
141 143 2 2.84
166 167 1 1.27
173 175 2 0.90
179 180 1 0.92
188 189 1 0.68
ZGD087 26 27 1 11.45
129 130 1 4.30
ZGD088 97 99 2 2.90
(Angle Hole) 117 126 9 4.97
144 147 3 7.49
149 151 2 1.28
ZGD089 0 5 5 0.60
10 22 12 1.63
66 72 6 2.71
ZGD090 103 104 1 1.05
112 119 7 2.42
135 136 1 2.16
145 146 1 2.37
150 153 3 1.39
156 174 18 2.56
175 178 3 3.94
193 196 3 3.94
234 241 7 1.18
245 246 1 9.85
251 252 1 0.89
260 261 1 3.91
267 268 1 1.87
271 272 1 2.16
294 295 1 1.02
ZGD091 0 2 2 5.29
10 13 3 4.06
16 18 2 1.02
24 25 1 0.90
ZGD092 2 3 1 1.71
8 10 2 7.50
13 20 7 1.49
ZGD093 9 10 1 0.86
(Angle Hole) 107 108 1 0.97
ZGD094 20 23 3 4.93
60 67 7 4.96
74 75 1 1.13
79 80 1 1.05
121 127 6 1.54
130 133 3 2.75
ZGD095 38 41 3 0.98
44 46 2 1.00
71 72 1 0.60
179 181 2 5.26
ZGD096 3 7 4 2.09
ZGD098 10 11 1 1.13
16 17 1 1.28
22 23 1 3.14
25 26 1 7.93
ZGD099 9 10 1 1.36
(Angle Hole) 105 106 1 2.78
144 147 3 1.26
Drill Hole No From To Width Grade (g/t)
ZGD100 66 72 6 24.31
(Angle Hole) 84 86 2 65.22
95 97 2 1.39
ZGD101 10 11 1 1.88
(Angle Hole) 41 42 1 1.97
78 86 8 3.46
91 99 8 2.17
129 130 1 4.30
Notes: Preliminary Au analysis by Aqua -Regia digest and AAS determination on
50g charge at Qiqihar, BGMR Laboratory. Final Au analysis will be fire assaying
at SGS, Tianjin.
Maximum 2m of internal dilution, 0.5g/t Au lower cut-off grade; and no top-cut
value applied.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLFSWFSISISEFE
Leyshon Resources (LSE:LRL)
Historical Stock Chart
From May 2024 to Jun 2024
Leyshon Resources (LSE:LRL)
Historical Stock Chart
From Jun 2023 to Jun 2024
