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Runruno Drilling Results
Runruno Drilling Results.
About this update from Metals Exploration Plc
[{"type":"text","content":"\n Metals Exploration PLC\n16 January 2006\n\n METALS EXPLORATION PLC\n\n ADDITIONAL DRILL HOLE ASSAY RESULTS RECEIVED FOR THE RUNRUNO PROJECT\n\n RESULTS CONTINUE TO MEET COMPANY'S EXPECTATIONS\n\n16 January 2006\n\nThe Board of Metals Exploration PLC ('the Company') is pleased to announce that\nresults have been received for the next five drill holes (MXD1-MXD6) of the\ncurrent diamond drilling programme being undertaken at its Runruno Project.\nThese results are considered by the Board to be highly encouraging.\n\nThe results appear to continue to vindicate the Company's belief that by\nfocusing on achieving better drill core recoveries (i.e. >90%), the gold assay\nresults should be better than those obtained during the 1969-1972 drilling\ncarried out by Fil-Am Resources Inc. ('Fil-Am'). As mentioned in previous\nannouncements, the drill core recoveries experienced during Fil-Am's drilling\ncampaigns in the 1970s were very poor, particularly within the interpreted zones\nof possibly higher grade gold mineralisation.\n\nAs previously reported, during the drilling of the first drill hole (MXD1), a\n1.6 metre section of drill core was lost from within the hangingwall\nmineralisation. The Company re-drilled this zone by drilling another hole\n(MXD3,) close to MXD1, in an to attempt to recover this part of the zone for\nanalysis. Although the drill hole intercepted a high-grade miners' tunnel at the\nlocation where the Company expected to intersect the best portion of the\nhangingwall section of the mineralisation, good mineralisation was nevertheless\nintersected on either side of the tunnel, particularly on the footwall side.\n\nRESULTS\n\nThe results are highly encouraging as they continue to vindicate the Company's\nbelief that the Runruno resource, as previously defined in the 1970s, could be\nupgraded to an average grade higher than 1.4 g/t Au as a result of focusing on\nachieving good drill core recoveries.\n\nThe key results from holes MXD2 to MXD6 are summarised below:\n\n Drill-hole Intercept (metres) Au Mo 'in-ground value of metal'\n ID From to Width g/t % Au US$/t Mo US$/t Total US$/t\n \n\nMXD2 72 80 8 1.86 0.079 32.74 40.84 73.58\n\nMXD3 37 40 3 2.20 0.044 38.72 22.75 61.47\n 45 46 1 1.54 0.018 27.10 9.31 36.41\n 46 47 0% core recovered - intersected high-grade miners' tunnel\n 47 53 6 3.31 0.045 58.26 23.27 81.5...