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Romaine Iron-Titanium Assays Support Higher-Grade Mineralization
TSX-V: MDL VANCOUVER, Jan. 15 /CNW/ - Medallion Resources Ltd ("Medallion" or the "Company" - TSX...
About this update from Gamma Resources Ltd.
[{"type":"text","content":"\n\n\n\nTSX-V: MDL\n\n\nVANCOUVER, Jan. 15 /CNW/ - Medallion Resources Ltd ("Medallion" or the\n"Company" - TSX.V: MDL) announces that the assays for surface-core samples,\ncollected during the Romaine Iron-Titanium Project fall field program, support\nthe potential for higher-grade iron-titanium mineralization than recorded for\nthe historical resource. Of the 74 samples assayed, 67 were taken from the\nmain body of presently defined mineralization. These 67 averaged 30.39% iron\noxide (Fe(2)O(3)) and 13.66% titanium oxide (TiO(2)). The data represent\npercentage increases over the historical grade of 14.76% for iron oxide and\n26.46% for titanium oxide.\n\n\nPresident William Bird reports, "The new data from our recent Romaine\nIron-Titanium Project mapping and sampling program are very encouraging. These\nresults continue to add evidence for potentially higher grades and tonnages\nthan expressed in the historical work. First, our fall field work outlined\nadditional outcrop area that could lead to higher tonnages. Now, we have\nassayed a significant population of representative samples, collected\nsystematically over the entire continuous 2.5-kilometre outcrop of the main\nbody of mineralization, that support potentially higher grades."\n\n\nThe surface-core samples were collected along 20 evenly spaced traverses,\nwhich were perpendicular to the 2.5-kilometre strike length of the\nmineralization, using a technique designed to produce suitable material for\nchemical and mineralogical analyses and for metallurgical testing. A concrete\ndrill extracted, from each sample site, two closely spaced 30- to\n35-centimetre cores. Each of these cores is four centimetres in diameter and\nweighs 1.8 to 2.0 kilograms. This method is more reliable than channel\nsampling and it provides a sample of the surface mineralization that is free\nof most weathering effects and of the potential high- or low-grading problems\nthat are often associated with the usual surface-sampling techniques.\n\n\nSeventy-four surface core samples, collected during the program, were\nanalyzed at SGS Lakefield Research Limited using the industry-standard assay\nmethod of whole-rock lithium borate fusion with X-Ray-Fluorescence finish. The\nresults for the 67 samples collected from the main mineralization area are as\nfollows:\n\n\nSampl...