Drilling Report
October 11 2006 - 3:00AM
UK Regulatory
RNS Number:2778K
Leyshon Resources Limited
11 October 2006
11 October, 2006
Leyshon extends the gold and zinc mineralisation at its Zheng Guang project,
China
Leyshon Resources Limited ("Leyshon") (ASX & AIM: LRL) today announces that it
has intersected broad zones of gold and zinc mineralisation during its drill
programme to extend and upgrade resources at the Zheng Guang project in
Heilongjiang, northeast China.
The latest results from seven holes drilled on sections 49350 and 49450 located
approximately 50-100 metres to the northwest of the Main Ore Zone include the
following significant intersections:
ZGD 118 - 19 metres at 1.84 g/t gold, 9 g/t silver and 1.28% zinc;
ZGD 119 - 17 metres at 3.06 g/t gold, 9 g/t silver and 1.21% zinc;
ZGD 120 - 3 metres at 4.26 g/t gold, 30 g/t silver and 1.76% zinc;
ZGD 122 - 12 metres at 4.28 g/t gold, 12 g/t silver and 2.77% zinc;
ZGD 123 - 5 metres at 2.41 g/t gold, 12 g/t silver and 1.17% zinc; and
3 metres at 6.17 g/t gold, 7 g/t silver and 1.15% zinc;
ZGD 125 - 10 metres at 2.13 g/t gold, 8 g/t silver and 0.49% zinc; and
6 metres at 2.26 g/t gold, 4 g/t silver and 0.28% zinc; and
5 metres at 7.58 g/t gold, 40 g/t silver and 2.18% zinc
(and also including 1.85% lead).
Holes ZGD120, 123 and 125 were drilled on section 49350 located approximately 50
metres to the northwest of the centre of the Main Ore Zone and have intersected
a zone of mineralisation, 20 to 24 metres wide extending from surface and still
open at approximately 250 metres depth.
Of interest is the lead value in the 5 metre interval reported in ZGD125. Zinc
has been the dominant base metal recorded to date, however lead values have been
recorded elsewhere in the sulphide zone and have shown up in the metallurgical
studies.
Holes ZGD116, 118, 119 and 122 were drilled on section 49450 located
approximately 100 metres to the north west of the Main Ore Zone and have
intersected a broad zone of mineralisation, 26 to 59 metres wide extending from
surface and still open at approximately 240 metres depth.
Of note is the 53 metres of mineralisation in a 75 metre zone reported in hole
ZGD122 which indicates a thickening of the mineralisation as it extends down
dip.
The drill programme is expected to be concluded late October 2006 and to date
assay results from 19 of the 50 holes drilled have been released. Further
results from the remaining holes will be released shortly.
Managing Director Paul Atherley commenting today said "This fifth set of results
from the 2006 drilling programme shows that the broad zones of mineralisation
which make up the Main Ore Zone are extending both to the northwest and down dip
and we expect this to have a very positive impact on the new resource
estimate."
For further information contact:
Paul Atherley - Managing Director
Tel: +86 137 1800 1914
Mob: +61 417 475 038
Leesa Peters/Jos Simson - Conduit PR
Tel: +44 (0) 20 7429 6600
Mob: +44 (0) 781 215 9885
http://www.leyshonresources.com
Background Information
Leyshon is rapidly advancing the Zheng Guang gold zinc project to production
status and is aiming to jointly develop it as the first ever Sino Foreign owned
mine in the mineral rich province of Heilongjiang.
Leyshon's partner, the Qiqiha'er Brigade of the Heilongjiang Bureau of Geology
and Mineral Resources, one of the largest organizations of its kind in China, is
providing a range of services to the joint venture from its complement of 4,000
technical staff, drill rigs, laboratory and other technical facilities. This
valuable support is enabling the project to rapidly move ahead on an extremely
cost effective basis.
This year's drill programme is the largest to be undertaken in Heilongjiang in
recent years and comprises over 10,000 metres of diamond drilling and 20,000
metres of reverse circulation drilling and is following up the highly successful
21,000 metres of drilling undertaken in 2004 and 2005.
This year's programme is expected to increase the initial JORC compliant
inferred resource estimate reported in May of this year of 930,000 ounces gold,
64,000 tonnes zinc and 2.6 million ounces silver (equivalent to 1.2 million
ounces of gold based on 1 g/t gold = 1% zinc). The estimate has been made by
resource specialists Hellman and Schofield of Australia and is based on the
results from the 2004 and 2005 programmes.
Leyshon will earn its 70% interest in the project shortly and has recently
entered into a 20 year agreement with Qiqiha'er Brigade for the financing,
development and mining of the project.
Leyshon has its main operating office in Beijing and is one of the very few
foreign mining companies with its Chairman, Managing Director and Chief
Operating Officer all based in China.
Diamond Drilling Programme
To 11 October, 50 diamond drill holes have now been completed as part of the
exploration programme with an additional two drill holes (ZGD152 and 153) being
for metallurgy. Total metres drilled to date is 12,728m. Hole locations are
shown below.
Significant Assays at a 0.50 g/t Gold Cutoff
Hole Number From To Width Gold Silver Zinc
(m) (m) (m) (g/t) (g/t) (%)
ZGD116 101 103 2 1.57 10 0.64
117 118 1 1.52 9 0.87
134 143 9 1.14 5 0.32
Incl. 134 135 1 6.49 15 1.02
154 155 1 0.73 1 0.09
159 161 2 1.09 4 0.54
164 172 8 9.60 25 3.62
Incl. 164 169 5 14.55 36 4.95
186 189 3 3.71 19 3.36
ZGD118 51 52 1 1.35 8 0.01
141 145 4 4.20 7 0.10
Incl. 144 145 1 14.10 17 0.37
192 193 1 0.75 3 0.04
204 205 1 1.81 12 0.06
209 228 19 1.84 9 1.28
Incl. 215 217 2 3.35 26 3.23
Incl. 220 221 1 6.16 5 0.43
Incl. 227 228 1 8.90 17 2.31
240 242 2 2.90 8 1.03
245 246 1 0.63 1 0.01
286 288 2 1.72 10 1.34
293 297 4 1.93 5 0.53
304 305 1 1.20 7 1.66
309 311 2 2.06 9 1.35
321 322 1 1.24 9 1.77
ZGD119 101 102 1 1.36 7 0.59
149 150 1 5.77 10 0.15
153 162 9 0.90 7 0.36
170 171 1 0.72 5 0.76
174 191 17 3.06 9 1.21
Incl. 186 187 1 36.72 46 2.55
194 200 6 2.22 7 0.92
203 216 13 1.16 5 0.69
Incl. 212 216 4 2.67 12 1.53
250 255 5 1.48 6 0.87
262 263 1 0.76 5 1.11
274 275 1 2.78 11 2.18
280 281 1 2.32 17 2.91
289 292 3 0.48 3 0.75
ZGD120 146 147 1 2.19 8 0.91
150 152 2 1.30 11 0.90
155 158 3 0.97 6 0.35
161 162 1 0.78 9 1.30
172 175 3 4.26 30 1.76
Incl. 172 173 1 11.20 79 4.09
188 193 5 2.48 17 2.04
Incl. 190 191 1 5.82 36 3.95
202 203 1 0.73 8 0.38
208 210 2 1.20 11 0.40
225 227 2 1.41 4 0.07
ZGD122 38 39 1 3.72 5 0.46
240 243 3 1.30 8 0.71
256 261 5 2.83 8 1.35
Incl. 260 261 1 5.05 17 3.33
271 281 10 2.17 7 0.54
Incl. 271 273 2 5.57 7 0.62
284 289 5 1.23 5 0.58
Incl. 284 286 2 2.66 9 1.02
294 299 5 2.43 10 1.80
Incl. 294 296 2 4.27 13 2.61
302 314 12 4.28 12 2.77
Incl. 304 308 4 8.97 23 5.24
318 326 8 0.78 4 0.74
Incl. 321 322 1 3.21 20 3.12
ZGD123 97 103 6 0.49 4 0.34
115 116 1 0.79 6 1.36
120 124 4 1.30 14 3.16
136 137 1 1.74 18 1.43
150 155 5 2.41 12 1.17
Incl. 151 152 1 7.65 28 3.22
185 188 3 6.17 7 1.15
Hole Number From To Metres Au Ag Pb Zn
(m) (m) (g/t)* (g/t) (%) (%)
ZGD125 127 137 10 2.13 8 0.11 0.49
Incl. 135 137 2 8.26 22 0.25 1.50
143 144 1 6.83 41 2.12 1.53
148 154 6 2.26 4 0.10 0.28
Incl. 149 150 1 7.90 16 0.34 0.85
161 162 1 1.20 13 0.19 1.29
165 166 1 4.09 1 2.78 2.18
171 176 5 7.58 40 1.85 2.18
Using 0.50g/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.
Drill Hole Locations
Drill Hole No Grid Grid Azim / Bearing* Final Depth (m)
Co-Ord N Co-Ord E
ZGD118 49,450 9,630 -60/090 334.80
ZGD119 49,450 9,670 -60/090 297.65
ZGD120 49,350 9,730 -60/090 240.40
ZGD122 49,450 9,590 -60/090 335.85
ZGD123 49,350 9,770 -60/090 200.80
ZGD125 49,350 9,810 -60/090 196.40
* Bearings are all grid bearings
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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