Business
New Mineralised Zone
New Mineralised Zone.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n Aurum Mining PLC\n07 December 2006\n\n\nFor Immediate Release 7 December 2006\n\n\n\n AURUM MINING PLC\n\n ('Aurum' or 'the Company')\n\n\n\nNew mineralised zone discovered at Andash: possible faulted extension to Zone 1\n\n\n\n\n\nAurum Mining plc (AIM: AUR), the company formed to acquire gold and other\nmineral extraction projects in the Former Soviet Union (FSU), is delighted to\nannounce details of the discovery of a new exploration zone within the Andash\nlicence area. The new zone, called Nakhodka, shares the geological and\nmineralogical features of Andash Zone 1, where 1.5 million ozs of gold and gold\nequivalent have already been identified. The company is presently finalising the\nbankable feasibility study for zone 1 and expects to deliver this shortly.\n\n\n\nDuring a recent geological mapping campaign in the northern region of the Andash\nlicence area, a body of eruptive diorite breccia was delineated for a distance\nof approximately 3.5km, with a visible width of approximately 1.5km. Within this\nbreccia, a new mineralised zone was identified, with a strike length of\napproximately 1000m.\n\nThe zone is represented by strongly altered breccia with intensive sulphide\nmineralisation (pyrite/chalcopyrite) and visible gold. Structurally it is a flat\nNorth-dipping thrust zone with distinct geological and mineralogical features\nsimilar to Zone 1. It is believed that the mineralisation represents the upper\npart of the Zone 1 orebody, faulted by a flat thrust moving it North around 2km.\nThis new area and Zone 1 are structurally similar and have the same host rocks\nand similar chemical elements both in type and grade.\n\n\n\nInitially, 14 grab and chip samples were taken from the surface. Nine samples\nreturned elevated gold and copper values up to 124 g/t of gold and 1.05% copper.\n\n\n\n\n\n\n Sample Location Type of sampling Length, m Grade\n X Y Au, g/t Cu, %\nA-06-801 33814 11572 grab 0.39 0.39\nA-06-802 33782 11510 grab 31.6 0.84\nA-06-807 33522 11432 chip 2.0 <0.05 0.001\nA-06-808 33610 11436 grab 9.83 0.56\nA-06-809 33604 11461 grab 0.52 0.02\nA-06-810 33780 11534 grab 30.5 1.0\nA-06-811 33941 11570 chip 1.0 <0.05 0.004\nA-06-818 33680 11532 grab 124.0 0.24\nA-06-819 33776 11550 grab 0.38 0.32\nA-06-830 33136 11658 chip 1.5 <0.05 0.33\nA-06-831 33156 11660 grab <0.05 0.004\nA-06-832 33186 11646 ...