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Minsud Announces Updated Mineral Resource Estimate at the Chita Valley Cu-Au-Ag-Mo Project, San Juan, Argentina
TORONTO, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Minsud Resources Corp. (TSX-V:MSR) (“Minsud” or the “Company”) completed 67 HQ diamond drill holes totaling 10,565 me
About this update from Minsud Resources Corp.
[{"type":"text","content":"TORONTO, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Minsud Resources Corp. (TSX-V:MSR) (“Minsud” or the “Company”) completed 67 HQ diamond drill holes totaling 10,565 metres (“m”) in 2011, 2014, 2015, 2016 and 2017 in the southern Chita Porphyry sector of the Chita Valley Project (see earlier press releases dated September 6, 2011, January 26, 2012, June 30, 2014, November 4. 2014, December 10, 2015, November 1, 2016 and January 2, 2018). Four historical holes completed in 1969, three holes from 1976 and one RC hole from 1996, most of which have been re-sampled and re-analyzed by Minsud, are added to the drilling database. The total database utilized for the updated Mineral Resource Estimate includes 74 core holes and 1 reverse circulation hole totaling 11,613 m and 150 m, respectively for a combined total of 11,763 m (see Table 1 below). The drill holes tested a substantial zone of Cu-Au-Ag-Mo mineralized multi-stage vein systems and hydrothermal breccias. Table 1: Drill Hole Database Summary Drilling Type # Drill Holes Metres of Drilling # Cu Assays # Au Assays # Ag Assays # Mo Assays Historical Drill Holes 8 1,198 775 75 75 699 2011 Minsud Drill Holes 3 880 877 877 877 877 2014 Minsud Drill Holes 24 3,111 1,530 1,530 1,530 1,530 2015 Minsud Drill Holes 20 3,419 1,669 1,669 1,669 1,669 2016 Minsud Drill Holes 12 1,700 962 962 962 962 2017 Minsud Drill Holes 8 1,036 481 481 481 481 Pre-2017 Holes Extended (7 ) 419 208 208 208 208 Total 75 11,763 6,502 5,802 5,802 6,426 In March 2015, Minsud retained P&E Mining Consultants Inc. (“P&E”) of Brampton, Ontario to review project data and prepare a Technical Report that complied with Canadian National Instrument 43-101 standards. The report included an initial Mineral Resource Estimate (conceptual open pit constrained) at a 0.3% Cu cut-off of 18.3 million tonnes averaging 0.44% Cu, 0.07 g/t Au, 2.4 g/t Ag and 0.019% Mo estimated under the CIM definition standards. In October 2015, Minsud again retained P&E to review more recently obtained project data and prepare an updated Technical Report and updated Mineral Resource Estimate. The second report included an in-pit Mineral Resource Estimate at a 0.3% Cu cut-off of 31.5 million tonnes averaging 0.45% Cu, 0.07 g/t Au, 2.2 g/t Ag and 0.017% Mo estimated under the CIM d...