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Virgin Metals Announces Final Diamond Drill Results from Los Verdes
TSX Symbol: VGM Shares Outstanding: 78,951,885 TORONTO, Dec. 6 /CNW Telbec/ - Virgin Metals Inc. ...
About this update from Minera Alamos Inc.
[{"type":"text","content":"\n\n\n\nTSX Symbol: VGM\n\n\nShares Outstanding: 78,951,885\n\n\nTORONTO, Dec. 6 /CNW Telbec/ - Virgin Metals Inc. (TSX: VGM) ("Virgin\nMetals" or the "Company") announces that it has received the final drill\nresults from its 2007 diamond drill program at its 100% owned Los Verdes\nmolybdenum - copper project in Sonora, northern Mexico. Drilling was carried\nout in the period March to June 2007, after which the core was subjected to\nintensive geologic logging, density determination and geotechnical analysis\nbefore being submitted for assay. The coarse nature of molybdenum and copper\nmineralization and the rubbly nature of much of the core dictated whole core\nsampling. The cores of seventeen holes were submitted for assay and the cores\nof three holes were retained for visual reference.\n\n\nVirgin Metals President and CEO Chris Davie said: "All results from\ndrilling at Los Verdes are now received and will be included, together with\nhistoric drilling data and adit sampling data, in a final resource model that\nwill form the basis for mine planning and scheduling. Our staff and\nconsultants are now compiling and verifying a data base of all assay, density\nand geologic data as part of the modeling process. The results from diamond\ndrilling generally confirm conclusions drawn from reverse circulation drilling\nbut have given a substantially greater insight into the geology of the deposit\nthan was possible from reverse circulation drilling. Other aspects of the Los\nVerdes feasibility study are now well advanced and we hope to be in a position\nto announce results early in 2008."\n\n\nEight holes for which assays are returned are twins of previously drilled\nreverse circulation holes. The results of these reverse circulation holes were\nreported earlier but for ease of reference are included herewith. Holes\nLVDD2907, LVDD2907I and LVDDDPC53 were drilled essentially for geotechnical\npurposes and no significant assay results were returned. Holes LVDD7107,\nLVDD7207 and LVDD7307 were drilled in the tungsten zone immediately west of\nthe molybdenum/copper mineralization. Hole LVDD0207 was terminated prematurely\nwhen it intersected the adit and the hole LVDD0307 was collared somewhat\nfurther from its twin than was ideal in order to avoid the adit.\n\n\nResults of diamond drill holes returning si...