Recent AMBREX Mining News Release looks very good. Drill results look very good. I am interested in getting some knowledgable comments. Thanks.
December 6, 1996
Significant Results From Aripuana Discovery
AMBREX MINING CORP ("AMBX-Z;ABXMF-L")
- Significant Results From Aripuana Discovery
William Fisher, President of Ambrex Mining Corporation announced extremely positive results for the second round of drilling
at its Volcanogenic Massive Sulphide (VMS) discovery on its 49 percent-owned Aripuana property in Mato Grosso, Brazil.
The drilling includes significant gold/copper and zinc/lead intersections from the same VMS system.
DDH From To Thickness Zinc Lead Gold Copper
no (meters) (meters) (meters) (perc.) (perc.) (g/t) (perc.)
10 99.0 109.3 10.3 2.8
127.3 129.6 2.3 2.5 1.6 0.8
12 80.7 86.5 5.8 1.63 5.0
14 133.3 134.3 1.0 37.3
143.2 154.7 11.5 4.0 1.2
incl.143.2 149.7 6.5 5.1 1.5
15 156.9 160.9 4.0 1.84 1.3
175.2 190.4 15.2 7.6 1.3
incl.182.1 187.1 5.0 14.8 1.7
The holes were all drilled in the 800-meter-long section to a maximum depth of 200 meters where a preliminary zinc/lead
geological resource of 4 million tonnes has been outlined. Hole DDH 14 was a 50-meter stepout to the west from DDH 7 (2.9
m at 11.1 percent zinc) and DDH 15 was 50 meters east of DDH 8 (8.7m at 13.3 percent zinc). Only three holes -- DDH 9,
DDH 11 and DDH 13 -- did not intersect massive sulphides.
The results confirm extensive lateral continuity of the VMS deposit. It must be noted that the lower part of DDH 15, the zinc
section below the 4-meter gold/copper intersection, cut more than 42 meters (138 feet) of significant sulphide mineralization
(3.3 percent zinc), thus demonstrating the superb size potential of the deposit. The very high-grade portion of DDH 15 with a
Gross Metal Value (GMV) US$165 per tonne over 5 meters was part of the 42-meter intersection.
The first phase of detailed magnetometery over the property demonstrated that the sulphide-rich body dips sub-vertically and
is open at depth and along strike. The mineralized body is interpreted to continue to at least 400 meters in depth, over twice
the depth of the current drilling program. The survey is continuing along the complete 3.1-kilometer geochemical anomaly on
the property to define the lateral potential.
Hole DDH 12 encountered significant copper (5 percent) and gold with a Gross Metal Value (GMV) of US$137 per tonne
over 5.8 meters. This underscores the potential for a separate gold/copper orebody in addition to the zinc mineralization. This
is confirmed by Hole DDH 15 and the gold/copper values previously reported in DDH 5 and 6. Both the gold/copper and
zinc/lead sections of the VMS show that the mineralization is part of a large-scale body. A 1-meter-wide stringer in DDH 14
returned 37.3 percent zinc, suggesting proximity to a more massive mineralized body.
Of the 15 holes drilled to date by Ambrex at Aripuana, 10 holes have intersected massive sulphides related to this gold,
copper, zinc, lead and silver discovery. The section drilled by Ambrex begins 700 meters east of the property boundary,
where Anglo American is carrying out a large-scale drilling program on a reported polymetallic discovery.
Ambrex is an exploration and development company specializing in mineral exploration in Brazil. The Company's shares trade
on the Canadian Dealing Network.
TEL: (416) 865-9300 William Fisher, President TEL: (416) 865-9300 Gary Last, Chairman |
