Business
Exploration Update - Kola
Exploration Update - Kola.
About this update from Eurasia Mining Plc
[{"type":"text","content":"\n RNS Number : 8099J Eurasia Mining PLC 07 April 2010 \n \n\nEurasia Mining plc\n(\"Eurasia\" or the \"Company\")\n \nExploration Update - Kola\n \nEurasia is pleased to announce the results of its 2009 drilling and exploration programme, comprising a comprehensive analysis and interpretation of its Monchetundra (36.2km2) and Volchetundra (210km2) platinum group metals (PGM) projects, located on the Kola Peninsula in north-west Russia. Both licences are held in Joint Venture with Anglo Platinum as a 40% shareholder.\n \nThe Licence areas are adjacent to the town of Monchegorsk with excellent access and infrastructure. \n \nThe projects are on the same geological belt as Fedorova Tundra, (Barrick Gold) and the East Pansky deposits. The Fedorova Deposit is a large, near surface, low grade, bulk minable PGM deposit located near the basal contact of an ultramafic intrusive complex. Exploration at East Pansky has identified a deeper, higher grade, underground mineable PGM occurrence. Eurasia is incorporating both these deposit models as a conceptual targeting mechanism to refine exploration efforts on its licences. \n \nMonchetundra\n \nTo date, 16,121m of drilling have been completed on the licence, with most of the intersections from the last phases of drilling having been previously announced in early 2009 as a table of results, without accompanying geological comment. Subsequent work during 2009 focused on an interpreted ore structure in the Loipishnyun sub-area, stemming from recent drilling, but also included several previously unreported intersections.\n \nPGM mineralisation occurs within two NNW striking lodes, the northernmost lode is cut by a 50m wide tectonic zone and is interpreted to occur as parallel bodies. To the south, mineralisation is interpreted to only occur as a single elongated body. Intersections within Lode 1 are tabulated in the Table below:\n \n\n\n\n\nMONCHETUNDRA : MAIN INTERSECTIONS DRILLED TO DATE\n\n\n\n\n \nWESTERN OREBODY LODE L1\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nHole ID\n\n\nEasting\n\n\nNorthing\n\n\nAzimuth\n\n\nDeclination\n\n\nFrom (m)\n\n\nThickness (m)\n\n\nPt+Pd g/t\n\n\n\n\nÌÒ-39\n\n\n7528902.04\n\n\n489759.09\n\n\n42 o\n\n\n-60o\n\n\n96.1\n\n\n7.3\n\n\n1.1\n\n\n\n\nÌÒ-71\n\n\n7528823.33\n\n\n4...