Found the following:
NEWS RELEASE
For Immediate Release, April 22, 1997
PHILIPPINE WORK PROGRAM UNDERWAY
Desert Sun Mining Corp. (the "Company") (DSM - VSE) is pleased to announce
that it has contracted with McPhar Geoservices (Philippines) Inc. to carry
out an Induced Potential Survey on the Batangas Epithermal Gold Project,
near the Port of Batangas, South Luzon Island, Philippines. The survey is
designed to determine the lateral boundaries of the gold-bearing
breccia/stockworks zone in the Ulanin area of the property prior to diamond
drilling.
The breccia/stockworks zone has been outlined by fluid inclusion studies,
trenching, mapping and the definition of a gold-bearing eluvial deposit
overlying the zone. Trenching has indicated widths of between 125 and 270
metres. Assays of samples cut in Trench #1 ranged between 0.50 and 6.00
grams of gold per tonne over the width of 270 metres. The overlying eluvial
deposit has been outlined over an area measuring 1,400 metres wide and 1,200
metres long and is still open along strike to the northeast and southwest.
The Ulanin breccia/stockworks zone has been estimated to contain some
4,159,967 ounces of gold in 43,125,000 tonnes grading 3.00 grams of gold per
tonne. The eluvium has been estimated to contain some 3,062,100 dry tonnes
grading 2.048 grams of gold per tonne, representing some 201,645 ounces of gold.
Seven veins in the Bungahan area have been estimated to contain some
1,886,000 tonnes with an average weighted grade of 4.25 grams of gold per
tonne, whereas the Ulanin area has 5 veins estimated to contain some
2,530,000 tonnes at 3.909 grams of gold per tonne. Samples taken across
vein structures assayed through a range between 0.030 and 200 grams of gold
per tonne.
The low-sulphur epithermal gold mineralization occurs in the free state and
associated with sulphides. The mineralization occurs in two different
modes: massive vein and vein alteration, and in breccia and stockworks.
Rapid and intense surface, weathering typical of tropical areas, has
concentrated gold in situ as residual or eluvial deposits.
While the I.P. survey is underway the Company plans to continue expanding
the reserves of the Ulanin eluvial deposit by test pitting and augering.
Drilling is planned to commence once the geophysical survey has been
completed and government approval of the program has been received.
DESERT SUN MINING CORP.
Thomas R. Tough
President
For Further Information Contact
800-786-0895 or 604-685-2542
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. |
