Results of Drilling Programme
August 07 2006 - 6:16AM
UK Regulatory
RNS Number:3194H
Leyshon Resources Limited
07 August 2006
For Immediate Release 7 August 2006
Leyshon Resources Limited
High Grade Gold and Zinc Intersections Extend Zheng Guang Mineralisation
Leyshon Resources Limited ("Leyshon") (ASX & AIM: LRL) today reports very
encouraging first results from a major drill programme at the Zheng Guang
gold-zinc-silver project in Heilongjiang, northeast China.
Sixteen diamond drill holes totaling nearly 4,000 metres have confirmed several
high grade intersections from last year's programme and have extended the
mineralisation along strike and down dip. A fourth diamond drill has been
mobilized to further test these extensions.
The results from the first 380 samples out of over 1,000 sent for analysis
include several high grade zinc and gold intersections as detailed in the table
of significant assays below. Further results will be reported shortly.
+-----------+----------+---------+----------+----------+----------+----------+
|Drill Hole | From | To | Metres | Au | Ag | Zn |
| Number | | | | | | |
| | (m) | (m) | | (g/t)* | (g/t) | (%) |
+-----------+----------+---------+----------+----------+----------+----------+
| | | | | | | |
+-----------+----------+---------+----------+----------+----------+----------+
|ZGD072 | 69 | 70 | 1 | 4.35| 4| 0.13|
+-----------+----------+---------+----------+----------+----------+----------+
| | | | | | | |
+-----------+----------+---------+----------+----------+----------+----------+
|ZGD079 | 81 | 82 | 1 | 1.90| 2| 0.10|
+-----------+----------+---------+----------+----------+----------+----------+
| | 96 | 98 | 2 | 1.08| 7| 1.44|
+-----------+----------+---------+----------+----------+----------+----------+
| | | | | | | |
+-----------+----------+---------+----------+----------+----------+----------+
|ZGD102 | 91 | 102 | 11 | 8.32| 29| 2.46|
+-----------+----------+---------+----------+----------+----------+----------+
|Incl. | 94 | 98 | 4 | 18.22| 69| 6.19|
+-----------+----------+---------+----------+----------+----------+----------+
|Incl. | 95 | 96 | 1 | 45.65| 157| 17.27|
+-----------+----------+---------+----------+----------+----------+----------+
| | 107 | 111 | 4 | 6.47| 12| 1.35|
+-----------+----------+---------+----------+----------+----------+----------+
|Incl. | 108 | 110 | 2 | 12.16| 20| 2.46|
+-----------+----------+---------+----------+----------+----------+----------+
| | 150 | 154 | 4 | 2.68| 3| 0.14|
+-----------+----------+---------+----------+----------+----------+----------+
|Incl. | 153 | 154 | 1 | 9.35| 7| 0.47|
+-----------+----------+---------+----------+----------+----------+----------+
| | | | | | | |
+-----------+----------+---------+----------+----------+----------+----------+
|ZGD103 | 76 | 78 | 2 | 4.80| 15| 1.30|
+-----------+----------+---------+----------+----------+----------+----------+
|Incl. | 77 | 78 | 1 | 8.42| 25| 2.24|
+-----------+----------+---------+----------+----------+----------+----------+
| | 102 | 103 | 1 | 10.48| 45| 5.03|
+-----------+----------+---------+----------+----------+----------+----------+
| | 134 | 143 | 9 | 2.71| 10| 1.53|
+-----------+----------+---------+----------+----------+----------+----------+
|Incl. | 134 | 136 | 2 | 4.55| 19| 4.26|
+-----------+----------+---------+----------+----------+----------+----------+
| | 138 | 140 | 2 | 5.08| 17| 1.43|
+-----------+----------+---------+----------+----------+----------+----------+
| | | | | | | |
+-----------+----------+---------+----------+----------+----------+----------+
+-----------+----------+---------+----------+----------+----------+----------+
|ZGD104 | 41 | 42 | 1 | 3.46| 11| 0.39|
+-----------+----------+---------+----------+----------+----------+----------+
| | 81 | 91 | 10 | 3.52| 23| 0.94|
+-----------+----------+---------+----------+----------+----------+----------+
|Incl. | 90 | 91 | 1 | 12.24| 58| 2.40|
+-----------+----------+---------+----------+----------+----------+----------+
| | 139 | 141 | 2 | 6.09| 13| 1.51|
+-----------+----------+---------+----------+----------+----------+----------+
|Incl. | 139 | 140 | 1 | 11.60| 18| 2.41|
+-----------+----------+---------+----------+----------+----------+----------+
| | | | | | | |
+-----------+----------+---------+----------+----------+----------+----------+
* Using 0.5g/t cut off and no more than 2 metres of internal waste.
Preliminary Au results using aqua regia digest on AAS determination on 50gm
charge.
Results are subject to confirmation by repeat assay from SGS laboratory in
Tianjin, China.
A feature of this year's programme is the change to the exclusive use of angle
drilling which proved so successful at intersecting the steeply dipping high
grade veins towards the end of last year's programme.
ZGD102 intersected the previously reported high grade mineralisation in ZGD028
at a greater intersection angle which will provide a more accurate
interpretation of vein width and grade.
ZGD102 has confirmed the high grade mineralisation in this section. This hole
and nearby holes will confirm key areas that host a significant percentage of
the Main Ore Zone resource.
ZGD103 has confirmed and extended mineralisation intersected in ZGD060 as well
as infilled mineralisation between holes ZGD060 and ZGD069.
ZGD104 has confirmed the mineralisation intersected in ZGD079 and has extended
it to the east.
As a result of these early successes a fourth diamond drill has been mobilized
and on site personnel increased to over 100 to further test extensions of the
Main Ore Zone.
A Reverse Circulation programme designed to delineate and extend the recently
discovered oxide zones has commenced and will be reported on as results come to
hand. This shallow gold mineralisation, which appears as an extensive blanket up
to 20 metres deep, has the potential to be economically significant.
This year's programme is the largest to be undertaken in Heilongjiang in recent
years and is expected to increase the recently reported initial inferred
recoverable resource estimate of 930,000 ounces gold, 64,000 tonnes zinc and 2.6
million ounces silver.
Discovered in 2000 and located between the Duobaoshan porphyry copper project
eight kilometres to the north and possible epithermal gold to the south, Zheng
Guang has been interpreted as a complex mesothermal carbonate gold-base metal
deposit.
Managing Director Paul Atherley commented: "These early results are extremely
encouraging as they increase the confidence levels in the previously announced
resource estimates and importantly show very encouraging signs that the Main Ore
Zone will be extended along strike and down dip along the 1.25 kilometre highly
mineralised corridor."
Leyshon has firmly established its presence in China over the past two years and
is pioneering the opening up of the mineral rich province of Heilongjiang to
modern exploration techniques and foreign investment.
The Company has recently entered into a 20 year joint venture agreement with the
Qiqihar Brigade for the financing development and mining of Zheng Guang. Leyshon
remains one of the very few foreign resource companies with its main operating
office in Beijing.
For further information contact:
Paul Atherley - Managing Director Tim Thompson
Tel: +86 137 1800 1914 Buchanan Communications
Mob: +61 417 475 038 Tel: +44 207 466 5000
The information in this report relating to Exploration Results, Mineral
Resources or Ore Reserves is based on information compiled by Mr Malcolm Wilson,
a full time employee of the Company, who is a member of the Australasian
Institute of Mining and Metallurgy.
Mr Wilson 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 Wilson consents to the inclusion in the report
of the matters based on his information in the form and context in which it
appears.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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