Drilling Report
November 02 2006 - 2:02AM
UK Regulatory
RNS Number:4220L
Leyshon Resources Limited
02 November 2006
2 November, 2006
Leyshon further extends the gold and zinc mineralisation at its Zheng Guang
project, China
Leyshon Resources Limited ("Leyshon") (AIM & ASX: LRL) today announces that it
has further extended the gold and zinc mineralisation during its drill programme
to expand and upgrade resources at the Zheng Guang project in Heilongjiang,
northeast China.
The latest results from 11 diamond drill holes located along the western and
northern boundaries of the known mineralisation have extended the Main Ore Zone
over 250 metres to the northwest.
Two holes drilled in a northerly direction to test for east-west orientated
veins reported very encouraging intersections including:
ZGD117 5 metres at 2.84 g/t gold, 10 g/t silver and 0.53% zinc; and
5 metres at 2.78 g/t gold, 11 g/t silver and 2.33% zinc; and
14 metres at 1.97 g/t gold, 8 g/t silver and 0.89% zinc;
ZGD 124 7 metres at 9.55 g/t gold, 12 g/t silver and 2.65% zinc; and
13 metres at 3.99 g/t gold, 23 g/t silver and 2.77% zinc.
These intersections are important as they indicate that high grade
mineralisation is not limited to the dominant north south orientated veins and
suggest that as a result additional mineralisation can be expected to be
encountered during mining operations.
The diamond drill programme has now concluded and to date assay results from 30
of the 50 holes drilled have been released. Further results from the remaining
holes will be released shortly. The programme comprised a total of 13,006 metres
of mainly angled holes drilled 60 degrees to the west and included two holes
(ZGD152 and 153) which were drilled for metallurgical purposes. Drill hole
locations are shown below.
The reverse circulation drilling programme to date has completed 15,000 metres
out of a planned 20,000 metres and is due to be concluded in mid November.
Managing Director Paul Atherley commenting today said "These latest results have
further extended the Main Ore Zone to the northwest and we expect this to have a
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
http://www.leyshonresources.com
Leesa Peters/Jos Simson - Conduit PR
Tel: +44 (0) 20 7429 6600
Mob: +44 (0) 781 215 9885
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 has completed its expenditure requirements to earn its 70% interest 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
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) (%)
ZGD117 75 76 1 0.69 7 0.05
81 86 5 2.94 10 0.53
Incl. 81 82 1 9.55 21 0.73
97 102 5 2.78 11 2.22
Incl. 97 98 1 5.52 25 5.24
107 115 8 0.68 4 0.47
161 162 1 0.58 3 0.17
168 182 14 1.97 8 0.89
Incl. 169 170 1 7.65 27 2.42
ZGD124 114 115 1 0.95 6 0.23
126 133 7 9.55 12 2.65
Incl. 128 130 2 30.24 26 5.70
158 171 13 3.90 23 2.77
Incl. 167 169 2 8.43 53 5.33
196 197 1 0.79 6 0.26
ZGD126 311 312 1 0.92 9 0.89
315 316 1 5.58 11 1.11
325 326 1 5.21 39 8.49
330 331 1 1.61 3 1.10
338 341 3 3.77 19 4.66
Incl. 340 341 1 6.82 36 8.92
346 358 12 1.35 8 1.61
Incl. 356 358 2 4.43 22 4.19
364 365 1 0.83 3 0.68
ZGD131 101 102 1 1.86 3 0.01
122 123 1 1.92 2 0.01
155 156 1 0.76 6 1.67
169 170 1 0.65 4 0.52
182 184 2 2.10 8 0.35
216 230 14 1.25 9 1.18
Incl. 228 229 1 9.12 52 6.18
242 244 2 0.96 1 0.03
250 251 1 0.72 6 0.81
255 258 3 2.06 7 1.00
268 269 1 2.17 9 0.10
Hole Number From To Width Gold Silver Zinc
(m) (m) (m) (g/t) (g/t) (%)
ZGD133 34 35 1 0.76 81 0.64
204 205 1 0.95 6 0.09
250 251 1 2.82 17 1.36
272 274 2 0.77 4 0.72
295 296 1 0.53 1 0.16
307 311 4 3.23 26 4.51
Incl. 308 309 1 9.40 80 15.43
327 328 1 1.89 14 2.70
331 335 4 2.74 12 0.72
Incl. 331 332 1 5.96 14 0.54
ZGD121 201 202 1 0.69 6 0.88
205 211 6 2.12 8 0.77
Incl. 205 206 1 8.05 20 2.34
293 294 1 0.59 6 1.33
ZGD127 236 237 1 0.74 5 0.40
240 241 1 2.85 18 3.38
ZGD130 213 214 1 3.50 17 1.58
245 252 7 2.31 8 1.06
Incl. 248 250 2 5.30 10 1.88
255 258 3 4.23 24 5.63
ZGD134 326 328 2 1.51 1 0.02
353 354 1 7.44 21 2.98
360 365 5 4.27 20 2.19
Incl. 362 363 1 10.13 37 4.41
ZGD137 61 62 1 2.47 5 0.19
125 128 3 4.78 Not yet received
ZGD 138 No significant assays
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
ZGD117 49,350 9,850 -60/000 239.50
ZGD121 49,500 9,670 -60/090 299.00
ZGD124 49,300 9,825 -70/000 229.75
ZGD126 49,450 9,550 -60/090 392.55
ZGD127 49,500 9,630 -60/090 260.00
ZGD130 49,500 9,590 -60/090 294.00
ZGD131 49,350 9,690 -60/090 282.60
ZGD133 49,400 9,590 -60/090 363.25
ZGD134 49,500 9,550 -60/090 376.40
ZGD137 49,000 9,825 -60/090 172.35
ZGD138 49,100 9,990 -60/090 85.90
* 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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