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Gold/Mining/Energy : Mutapa Gold Corporation VSE:MUA

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To: Mr Metals who wrote (44)6/22/1998 6:47:00 PM
From: Intrepid1  Read Replies (1) of 73
 
Note the above post has the assay results in readable form. The following is the entire release. Note 13.6 metres of 3.07% copper. Also note copper has been intersected over a vertica depth of 271 metres. nearly 900 feet and it is still open to depth.. Also from reading this release it appears the 64 metre step out hole has intersected the zone.


Mutapa Gold Corp -

Springdale assay results

Mutapa Gold Corp MUAShares issued 2817668

1998-06-19 close $1.1Monday Jun 22 1998

Mr. David Cook reports

The fourth drill hole in the Little Deer project, Springdale, Newfoundland (LD98-05) has returned significant assay results as follows:

From To Inter- Cu Zn Au
m m val m % % ppb

491.7 493.3 1.6 0.95
Includes
492.6 493.3 0.7 0.65 2406
538.9 552.5 13.6 3.07
Includes
542.9 548.2 5.3 7.00
557.5 581.7 24.2 0.77
Includes
572.5 577.5 5.0 1.08

The first four holes in the Little Deer drilling project have now yielded high grade copper values (1.96-3.07 per cent) over significant intervals (5.4m to 13.6m) within a mineralized altered zone tested through a vertical depth of 271m. The zone consists of bands of massive and semi-massive sulphide, mineralized stringers and chlorite alteration. It is open to depth and above hole 67-135. (See news in Stockwatch May 22, 26, 29 and June 1 and 10). Even though down-hole geophysics (PEM) confirms the down-dip continuity of the massive sulphide, it was decided to drill-test the on-strike continuity to the west where PEM gave a similar strong response. DDH98-05 was therefore drilled 64m to the west. This hole has been completed after passing through the zone and samples have been submitted for assay. A PEM survey of DDH98-05 has given positive results for continuation of the massive sulphides to depth and along strike to both west and east. The company's consulting geophysicist, Cliff Candy, states "the data shows the presence of a strong intersected conductor at a depth of 430 metres. The electromagnetic response seen in this data is very similar to that of drillhole 98-02, which was also collared with a 65 degree dip. As a consequence, this zone is interpreted to be a westerly extension of the mineralization tested in the 98-01 to 98-04 suite of drill holes. Also, analogous to 98-02, drill hole 98-05 has similar potential for off hole extension." DDH98-06 has therefore been commenced at the same location as DDH98-05 but at a steeper angle to test the down-dip continuation of the mineralization. Split-core is analyzed by Eastern Analytical Ltd., Springdale, Newfoundland, with check analyses carried out by Acme Analytical Laboratories of Vancouver. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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