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Strait Gold Intersects 134 metres of 0.29% Copper at Alicia
Mar. 29, 2011 (Filing Services Canada) -- Strait Gold Corporation  (SRD - TSX Venture...
About this update from First Quantum Minerals Ltd.
[{"type":"text","content":"\nStrait Gold Intersects 134 metres of 0.29% Copper at Alicia\n\n Mar. 29, 2011 (Filing Services Canada) -- Strait Gold Corporation  (SRD - TSX Venture), is pleased to report final assay results from a 2000-metre drill program at its Alicia copper-gold project in southern Peru. Highlights include:* 134.0 metres of 0.29% copper, 0.03 grams per tonne (g/t) gold in hole ALC11-16, including 9.75 metres of 1.27% copper, 0.07 g/t gold and 0.032% molybdenite; and,* 18.5 metres of 1.25% copper, 0.15g/t gold, 13.3 g/t silver and 0.012% molybdenite in ALC11-17. \"Hitting copper-gold mineralization over these widths in our first drill program at Alicia is very encouraging,\" said Strait Gold President Jim Borland. \"While our primary targets are outcropping skarn zones, the property also shows good potential for porphyry-style mineralization similar to other porphyries in this very prolific copper belt.\"In 2011 we will follow up on the skarn mineralization because of the exceptional copper and gold grades, and we will further investigate the porphyry-style mineralization because of the potential of porphyries elsewhere in the belt to form large deposits.\"The Company is planning an aggressive exploration campaign at Alicia for 2011 including airborne geophysics and stream sediment geochemistry over the entire 26-sq.-km property, detailed soil geochemistry over the central portion of the property and additional drilling to delineate the skarn mineralization as well as to further define the porphyry potential.The results summarized in the table below are from the final three holes in the 15-hole program: ALC11-16, ALC11-17 and ALC11-18 Hole ALC11-16 tested the west end of skarn Zone 1 on the southern contact of a porphyry intrusive while holes ALC11-17 and 18 tested skarn Zone 5 on the eastern contact of the intrusive and the porphyry itself. Hole ALC11-17 was drilled at a 60-degree angle through skarn Zone 5 and into the porphyry. HoleALC-11-18 was drilled vertically from the same platform as Hole ALC11-17.Hole ALC11-16 was drilled from the same platform as previously announced ALC11-15, and intersected two skarn zones from 32.7 to 78.5 metres and 92.9 to 94.3 metres as well as a brecciated skarn zone between 127.5 and 132.5 metres. This breccia zone contained strong copper mineralization in the form of bornite with minor chalcoc...