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NWT Uranium Drill Results Support Bulk Tonnage Potential at Picachos Project, Mexico
TORONTO, May 1 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF) is pleased to announce result...
About this update from Captor Capital Corp
[{"type":"text","content":"\n\n\n\nTORONTO, May 1 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF) is\npleased to announce results from the 2007 drill program conducted on its\npolymetallic Picachos Project in Mexico. Highlights include a 154.5-foot\n(47.1-meter) intercept of 83 grams per tonne (g/t) silver and 0.84% combined\nzinc-lead, which starts at surface. The richest silver intercept returned\n509 g/t silver and 0.56% zinc-lead over 9.8 feet (3.0 meters). Significant\ngold and zinc-lead results included a 4.9-foot (1.52-meter) interval of 6.2\ng/t gold, 348 g/t silver and 19.9% zinc-lead. The mineralized zone has been\nevaluated to a minimum strike length of 1,640 feet (500 meters).\n\n\n"We are very encouraged by these drill results, which confirm the bulk\nmining potential at Los Cochis," said Marek J. Kreczmer, President and CEO of\nNWT Uranium. "The Picachos project is in the Sierra Madre Occidental\nIgnimbrite Belt, which is one of the largest silicic volcanic fields on Earth,\nand is traditionally known for high-grade epithermal gold and silver deposits\nsuch as Tayoltita and Rosario. We look forward to additional drilling to\nconfirm the Los Cochis orebody shape and test its extensions, as well as\nexplore other three main mineralized zones of the Picachos property."\n\n\nResults\n\n\nA total of 21 reverse circulation (RC) holes, representing 10,254 feet\n(3,125 meters), were drilled in November 2007. Of the 21 holes drilled, 18\ntargeted the main silver soil geochemical anomaly on seven lines spaced\n328 feet (100 meters) apart, with most holes dipping to the southwest. Of\nparticular note, Holes COCH3, 6, 13 and 20 were drilled from the same location\nin four different directions as a preliminary shape investigation of the\norebody. Additionally, two holes tested an IP anomaly located 820 feet\n(250 meters) east of the main zone while one hole (COCH15) tested a gold soil\nanomaly. Selected analytical results are detailed in the following table:\n\n\n-------------------------------------------------------------------------\n Hole From To Interval Silver Zinc Lead Gold\n ID (m) (m) (m) (g/t) (%) (%) (g/t)\n-------------------------------------------------------------------------\nCOCH01 Surface 15.20 15.20 9 0.25 0.11 -\n-------------------------------------------------------------------------\nCOCH03 Surface 47.12 47...