First 5 holes RESULTS.
Southwestern Gold Corporation and Global-Pacific Minerals Ltd. Announce Initial Drilling Defines Gold Mineralization to a Depth of 258 Metres, CSH Gold Prospect, Haoya Pr
VANCOUVER, BRITISH COLUMBIA--Southwestern Gold Corporation (SWG-T)
and Global-Pacific Minerals Ltd. (GPJ-V,T) are pleased to announce
results from the initial five diamond drillholes of a planned
first phase 10 hole drilling program on the CSH Prospect located
within the Haoya Project in Inner Mongolia, China. The CSH
prospect is an extensive gold mineralizing system which has been
traced on surface in 65 trenches along a strike length of 4,800
metres. Gold mineralization is hosted by carbonaceous sediments
within a steeply dipping shear zone and is associated with quartz
veining and pyrite.
The present drill program is designed to test various segments of
this extensive gold system along strike and to establish depth
extent. Assay results have confirmed the continuity of gold
mineralization to a vertical depth of 258 metres on drill section
10,000 East with an intersection of 273.55 metres grading 1.28
grams per tonne gold in hole CSH-3.
Details of holes CSH-1 to CSH-5 are outlined in the following
table. Results for hole CSH-6 will be released when available.
Holes CSH-7 and CSH-8 are in progress.
/T/
Hole Co-ords. Depth Intersection Interval Assay Comments
No. (metres) (metres) (metres) (g/t
gold)
From To
CSH - 1 10,000E 212.92 56.00 77.68 21.68 2.59 Bottomed
9799N in
148.65 212.92 64.27 1.45 Minerali-
zation
CSH - 2 10,600E 220.01 105.73 136.94 31.21 1.02 Bottomed
9868N in
185.81 220.01 34.20 1.01 Minerali-
zation
CSH - 3 10,000E 308.29 17.19 290.74 273.55 1.28
9742N
CSH - 4 10,600E 272.52 41.67 91.42 49.75 0.91
9812N
CSH - 5 7,299E 302.00 25.9 46.09 20.19 1.60
9877N 133.6 165.45 31.85 1.08
/T/
Two drill profiles 600 metres apart consisting of two holes each
were completed near the eastern end of the mineralized zone. Both
profiles cut significant mineralization. Holes CSH-1 and CSH-3
collared on line 10,000E, define the CSH gold zone over a true
width of 118 metres.
Hole CSH-6 was collared 1,130 metres southwest of profile 10,000 E
while hole CSH-5 is a further 1,650 metres to the southwest of
hole CSH-6 (see attached map). There are presently two drills
operating on the property.
Core samples are split with one-half of the core sent to the
Ministry of Geology and Mineral Resources Langfang Laboratory with
the other half of the core stored on site. The samples are
analyzed using aqua regia-AAS at the Langfang Laboratory. All
sample pulps are shipped to Chemex Labs in Vancouver for repeat
analyses using conventional fire assay with AAS finish. Assay
results from the two laboratories are averaged.
Southwestern Gold Corporation presently has over 22 joint ventures
with companies including Newmont, PanAmerican Silver, Teck,
Pasminco, Paramount Ventures, Southern Peru Copper, Minorco,
Cambior and Cedimin. The Company is exploring for diamonds in
Brazil and Canada through its 54.7 percent owned subsidiary,
Canabrava Diamond Corporation, in partnership with
Kennecott/Paramount and SouthernEra.
Global-Pacific is a gold-base metal mining company engaged in
mining exploration and development in the People's Republic of
China. The Company currently operates the Hucun copper/gold mine
and is developing the Qian Chang iron-gold-copper deposit, both of
which are located in Anhui Province, China.
For a map of the Haoya Gold Project, CSH Project, China, please
contact the companies at the numbers below.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Southwestern Gold Corporation
George H. Plewes
Chairman
(604) 669-2525
(604) 688-5175 (FAX)
Web site: swg.com
or
Southwestern Gold Corporation
John G. Paterson
President
(604) 669-2525
(604) 688-5175 (FAX)
Web site: swg.com
or
Global-Pacific Minerals Ltd.
Rui Feng
President
(604) 689-9397
(604) 688-5175 (FAX) |
