Drilling Report
September 19 2006 - 3:03AM
UK Regulatory
RNS Number:1327J
Leyshon Resources Limited
19 September 2006
19 September, 2006
Leyshon Resources intersects further high grade epithermal veins at its Zheng
Guang gold-silver-zinc project, China
* Further high grade intersections obtained including 16m @ 10.89 g/t gold and
2m @ 53.74 g/t gold; and
* Angled drilling has confirmed increases in vein width and grade.
Leyshon Resources Limited ("Leyshon") (ASX & AIM: LRL) today announces that it
has intersected further high grade epithermal veins during its drill programme
to extend the 1.2 million ounce Zheng Guang gold-zinc-silver project in
Heilongjiang, northeast China.
Results from holes ZGD110, 111 and 112 located 200 metres to the north west of
the Main Ore Zone include the following significant intersections:
ZGD110 1 metre at 10.89 g/t gold, 19 g/t silver 1.71% zinc including 2 metres
at 53.74g/t gold, 84 g/t silver 8.2% zinc
ZGD111 3 metres at 9.04 g/t gold 35 g/t silver 3.71% zinc
Hole ZGD110 intersected over 37 metres of epithermal veins within in a 58 metre
zone approximately 100 metres below surface.
The drill programme is expected to be concluded late October, 2006 and to date,
from 42 holes drilled, assay results have been released from 10, including the
recent bonanza grade intersection from hole ZGD113 grading 600.75 g/t gold, 445
g/t silver and 5.34% zinc and hole ZGD102, 11 metres grading 8.32 g/t gold, 29 g
/t silver and 2.46% Zinc (including one metre at 45.65 g/t gold, 157 g/t silver
and 17.27% zinc).
Further results on the remaining drill holes are expected shortly.
Angled drilling of the steeply dipping high grade gold-zinc veins in this year's
programme is resulting in significant increases in vein width and grade compared
with previous vertical drilling of the same veins.
Angle hole ZGD110 has intersected 16 metres at 10.89g/t gold and 1.71% zinc
which is a significant increase in width and grade over the 8 metres at 5.41g/t
gold and 0.62% zinc in the same zone previously reported in vertical hole
ZGD086.
Also in ZGD110, an 11 metre intersection at 4.36g/t gold and 0.61% zinc was a
significant increase over the previously reported grades of between 0.60 and
2.84g/t gold in a number of vertical holes intersecting the same vein.
Angled drilling is providing a better understanding of the structural controls
and a more accurate estimate of the true width and grade of the steeply dipping
high grade gold and zinc veins that make up a large proportion of the Zheng
Guang resource.
Managing Director Paul Atherley commenting today said "Angled drilling in this
year's programme is highlighting that the epithermal veins are thicker and
higher grade than initially thought and we expect that this will have a very
positive impact on the new resource estimate. We now has a much better
understanding of the deposit and we look forward to more positive results in the
future"
For further information, please visit our website at www.leyshonresources.com,
or contact:
Paul Atherley - Managing Director
patherley@leyshonresources.com
Tel: +86 137 1800 1914
Mob: +61 417 475 038
Leesa Peters - Conduit PR
Tel: +44 (0) 20 7429 6600
Mob: +44 (0) 781 215 9885
Notes to editor -
Zheng Guang has been interpreted as carbonate base metal gold deposit. These
types of deposit represent some of the most prolific producers in the south west
Pacific Rim and elsewhere. High to bonanza gold grades, such as those recently
reported, can be expected to form part of this style of mineralisation.
This year's programme is the largest to be undertaken in Heilongjiang in recent
years and comprises 10,000 metres of diamond drilling and 20,000 metres of
reverse circulation drilling.
The programme is expected to increase the initial inferred resource estimate of
930,000 ounces gold, 64,000 tonnes zinc and 2.6 million ounces silver (1.2
million ounce gold equivalent based on 1 g/t gold = 1% zinc) which was estimated
from the results of the 2005 drilling programme.
Leyshon has recently entered into a 20 year joint venture agreement with the
Qiqiha'er Brigade for the financing development and mining of the Zheng Guang
Project. Leyshon remains one of the very few foreign resource companies with its
main operating office in Beijing.
To the 17 September, 42 diamond drill holes have been completed with 4 still
drilling. Total metres drilled is 10,660.
Drill Hole No Grid Grid Azim / Bearing* Final Depth (m)
Co-Ord N Co-Ord E
ZGD133 49,400 9,590 -60/090 363.25
ZGD134 49,500 9,550 -60/090 376.30
ZGD135 49,150 9,980 -60/270 129.90
ZGD136 49,305 9,940 -60/270 161.85
ZGD137 49,000 9,825 -60/090 172.35
ZGD138 49,100 9,990 -60/090 85.90
ZGD139 49,550 9,470 -60/090 382.75
ZGD140 49,500 9,645 -85/090 401.00
ZGD141 49,100 9,910 -60/090 151.25
ZGD142 49,400 9,550 -60/090 388.20
ZGD143 49,350 9,650 -60/090 223.75**
ZGD144 49,050 9,950 -60/090 121.55
ZGD145 49,450 9,605 -60/090 145.00**
ZGD146 49,000 9,885 -60/090 8.75**
ZGD147 49,400 9,510 -85/090 26.00**
* Bearings are all grid bearings ** Currently being drilled as at 17 September.
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.
Assays above 0.5g/t Gold Cutoff
Drill Hole From To Metres Au Ag Zn
Number
(m) (m) (g/t)* (g/t) (%)
ZGD110 95 97 2 5.13 12 0.98
Incl. 95 96 1 9.65 21 1.78
115 116 1 6.24 13 0.64
121 137 16 10.89 19 1.71
Incl. 132 133 1 63.76 111 11.00
Incl. 134 135 1 43.71 57 5.40
140 147 7 0.60 3 0.19
150 161 11 4.36 6 0.61
Incl. 151 153 2 15.70 15 1.07
ZGD111 27 29 2 0.82 7 0.13
36 37 1 2.67 4 0.38
89 90 1 4.16 15 1.06
137 138 1 0.90 5 0.88
144 146 2 1.56 14 2.57
150 153 3 9.04 35 3.71
160 163 3 1.51 3 0.40
ZGD112 129 130 1 1.06 6 0.64
133 138 5 2.06 15 0.89
Incl. 133 134 1 5.18 42 1.53
142 143 1 0.51 5 1.19
154 156 2 0.81 7 1.17
163 164 1 3.18 15 1.46
171 172 1 0.60 3 0.10
181 183 2 0.63 3 0.30
203 208 5 1.42 3 0.20
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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