1st Quant Mn: Cuts 64 Metres Grading 7.49% Copper at Lonshi
2002-11-13 13:15 (New York)
FIRST QUANTUM MINERALS LTD ("FM-T;FQVLF-0")
- Cuts 64 Metres Grading 7.49% Copper at Lonshi Copper Mine
G. Clive Newall, on Behalf of the Board of Directors of First Quantum
Minerals Ltd. (LSE Symbol "FQM") is pleased to report results from the 2002
drilling campaign at the Company's 100% owned Lonshi copper mine. The drill
program was designed to convert resources from the indicated category to
the measured category and test both the strike and down dip extension of
the Lonshi orebody. The program consisted of 49 drill holes (43 reverse
circulation, 6
diamond core holes) totaling 3,440 metres.
Drilling Highlights
Significant drill intersections are shown below. A drill plan
map, geology map, cross section and long section can be reviewed
at www.first-quantum.com.
//st
Key: BMCL = reverse circulation drill holes,
LDD = diamond core drill holes
Total AsCu
From To Intersection Copper Copper
Hole (metres) (metres) (metres) (%) (%)
BMCL200 58 94 36 7.72 7.19
BMCL201 48 65 17 4.30 3.86
BMCL202 39 73 34 7.62 7.15
BMCL203 33 51 18 3.33 3.14
BMCL204 45 61 16 6.03 5.61
BMCL209 53 84 31 3.89 3.65
BMCL215 13 42 29 5.24 4.72
BMCL231 19 50 31 4.87 4.33
BMCL233 8 37 29 3.95 3.37
BMCL234 16 80 64 7.49 6.61
BMCL235 11 40 29 7.31 6.44
BMCL236 21 57 36 3.40 2.90
BMCL237 20 111 91 3.91 3.09
BMCL238 33 45 12 6.45 6.08
BMCL238 58 95 37 3.94 3.32
LDD1 32 46 14 6.30 5.11
LDD1 72 84 12 9.21 7.30
LDD2 104 108 4 11.92 0.67
LDD3 91 93 2 7.77 0.60
LDD4 83 94 11 6.26 4.86
LDD5 80 102 22 6.45 5.16
LDD6 93 98 5 6.95 0.25
//et
Review Of Results
The drill program was successful in meeting all of its planned
objectives. Infill drilling within the existing resource
continued to show the exceptional continuity of the Lonshi ore
body. Results from the infill drilling will lead to an upgrade in
the existing resource with a majority of indicated category
strike of the existing resource, was successful in extending the
Lonshi ore body by 300 metres and confirmed that copper
mineralization is closely associated with synformal geological
structures within the prospective Lonshi host formations. This
information will play an important role in the further
exploration of the Lonshi horizon to the north and south of the
existing ore body in 2003. Furthermore, core drilling identified
high grade sulphide mineralization (LDD2: 4 metres @ 11.92% Cu,
LDD3: 2 metres @ 7.77% Cu, LDD6: 5 metres @ 6.95% Cu) at a depth
of approximately 100 metres. An evaluation of the sulphide
mineralization will be carried out next year to determine the
potential for its future development.
Assay Procedures
Assays were carried out at Antech in Zimbabwe (accredited
laboratory) and at AH Knight Zambia (accredited laboratory) with
appropriate quality control procedures. Mike Parker, BSc Project
Manager at the Lonshi Project, with more than 16 years experience
in the mining industry, is the Qualified Person responsible for
the design and conduct of the work performed.
Further updates on the Lonshi copper deposit including an updated
resource estimate will be announced in the near term. |
