Wednesday December 13, 12:20 pm Eastern Time
Press Release
Standard Mining: Initial Trenching Results at Zopilote, Honduras
VANCOUVER, B.C.--(BUSINESS WIRE)--Dec. 13, 2000--(TSE:SDM. - news)
Sampling results from the initial 260 metres of the first trench that is being dug across the western end of the Capules soil gold anomaly (greater than 100ppb Au) have been received.
Four trenches are planned to cross the western part of the Capules soil gold anomaly. This large anomaly extends along an east-west lineament for approximately 3.6 kilometres and is over 400 metres wide in some areas. Gold values within the soil anomaly are typical 200 to 300 ppb with high values up to 1.6 g/t. Some float samples collected at the eastern end of the anomaly contain over 3 g/t gold.
Results to date are very encouraging. The trench ranges in depth from 1/2 metre to 1 1/2 metres and measures about 1/3 metre across at the bottom. Each sample is taken from a 2 metre long, 5 centimetre wide cut at the bottom of the trench; 132 chip samples were taken. The material sampled is a highly fractured, altered, quartz-feldspar-muscovite gneiss. The longest uninterrupted anomalous trench section is 64 metres in length and averaged 0.23 g/t gold. Two other sections of uninterrupted gold samples were encountered, one of which is 38 metres long and averaged 0.324 g/t and the other is 44 metres long and averaged 0.30 g/t. A drill program on the Capules zone is being planned once trenching has been completed.
These results are similar to a road cut section on the same Capules Zone almost 2.5 kilometres to the east. This anomalous section is 105 metres in length averaging 0.30 g/t gold.
As well, these results are very similar in grade to those previously sampled on the Main and Zopilote zones where a gold (Au) resource of 10,537,000 tonnes grading 1.32 g/t for a total of 446,000 ounces, has been outlined by drilling. The host rock is similar in all areas.
Standard's Zopilote property lies along the developing Motagua Gold Trend as presently defined by the Zopilote, Vueltas del Rio, San Andres and Cerro Blanco gold deposits. The property location, which is close to San Pedro Sula, the country's second largest city, is a positive aspect for property development and convenience of operation.
Standard Mining is an exploration and a mine development company traded on the TSE with its head office in Vancouver, B.C. The company has drilled indicated gold resources in Canada and Honduras. Paul Saxton, President and CEO
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