Likasi trenching results
Trillion Resources Ltd TLQ
Shares issued 22,364,500 Mar 27 close $1.70
Mon 30 Mar 98 News Release
See Melkior Resources Inc (MKR) News Release
Mr David Chaplin reports
Melkior and Trillion have received positive results from trenching activity
on their mineral exploration program on the Likasi property in the
Democratic Republic of Congo. The partners are working with Gecamines, the
state mining company, under a joint venture agreement that was ratified by
the government in June 1997.
The agreement gives the partnership the right to explore for new mineral
deposits over the 2807 sq km Likasi property in the centre of the prolific
Katanga copper belt. Melkior-Trillion is the operator of the exploration
program. Depending on the particulars of any specific deposit selected for
development, the partnership will retain at least a 51% interest in
production activities.
A recap of work completed on the project to-date along with trenching
results follows:
An airborne magnetic and radiometric survey was completed over the entire
property in the summer of 1997.
A total of 3,715 metres of trenching has been completed with approximately
6000 soil samples taken for assaying in Gecamines laboratories in Likasi.
Duplicate check samples have been sent to Zimbabwe.
A grid measuring 40 metres by 50 metres has been established on a
previously known, but unexplored, gold/palladium anomaly at a location
known as KIPESE.
In February 1998, new samples were taken by Melkior personnel at 2m
intervals from portions of trenches 6 and 10 on the KIPESE anomaly and hand
carried to Canada for independent analysis at the Bourlamaque Assay
Laboratories in Val d'Or, Quebec. Melkior/Trillion attributes the few
abnormally high gold values to the presence of coarse gold.
The KIPESE anomaly is on a 170 kilometre long, east-west shear zone where a
gold, cobalt, palladium and uranium association has been observed at
various locations from previous work. Investigating the lateral extent and
depth of this mineralization as well as testing additional anomalies
identified from the airborne survey will be the focus of an exploration
program that will begin in late May when the rainy season ends.
Gecamines has invited the partnership to evaluate one of the known deposits
on the Likasi property. An exploitation agreement for the deposit that is
finally selected is under negotiation.
The partnership has been operating in Congo for more than one year and this
time has received the support of Gecamines as well as government officials
involved in the mineral sector. Working conditions are improving as
substantial improvements in organization and infrastructure have been made.
The Katanga copper belt is easily accessible by paved road from Harare,
Zimbabwe where Trillion has its African headquarters and operates two gold
mines.
Trench 6 Assays
Station Au Pd Pt Co Cu
g/t g/t g/t % %
1-N 0.61 0.28 0.10 0.300 0.048
2-N 0.34 0.12 <0.05 0.107 0.045
3-N 0.31 0.11 <0.05 0.045 0.033
4-N 0.18 0.19 <0.05 0.044 0.060
1-S 2.16 0.73 0.08 0.198 0.051
2-S 18.02 1.07 <0.05 1.870 0.102
3-S 2.12 1.25 0.10 0.830 0.075
4-S 124.45 4.65 0.20 14.010 0.830
5-S 46.65 8.05 0.17 11.230 0.710
6-S 8.63 1.74 <0.05 0.084 0.032
7-S 6.35 4.65 <0.05 0.104 0.017
8-S 0.94 0.79 <0.05 1.410 0.141
Trench 10 Assays
1-W 3.32 1.03 0.26 0.760 0.065
2-W 2.20 1.20 0.20 1.410 0.108
3-W 0.99 1.03 0.68 1.710 0.067
1-E 6.01 1.26 0.22 1.020 0.091
2-E 2.50 0.84 0.34 1.410 0.126
3-E 422.40 2.16 0.28 0.620 0.097
4-E 1.57 0.55 0.13 0.254 0.073
5-E 3.40 0.80 0.14 0.246 0.074
6-E 1.60 0.68 0.12 0.111 0.038
7-E 3.36 1.13 0.22 0.750 0.107
8-E 1.97 4.12 0.46 0.210 0.053
9-E 2.46 0.75 0.17 0.110 0.042
10-E 1.92 0.88 0.22 0.234 0.061
11-E 0.78 0.54 0.10 0.162 0.035
Samples were taken by Melkior personnel at the bottom of 1.5m deep trenches
at 2m intervals. Assays are by Bourlamaque Assay Laboratories of Val d'Or,
Quebec. |
