Magnum Reports Unusual Sample of Uranium
TORONTO, Dec 3, 2003 (BUSINESS WIRE) -- MAGNUM d'Or RESOURCES INC. (OTCBB:MAGR)
Website: magnumexploration.com
Mr. John YEE, Chairmahttp://www.magnumexploration.com/ n -- Magnum d'Or Resources Inc. a junior resource exploration Company is pleased to announce that further to the news release dated December 2, 2003, the management would like to report the following:
New Area of Interest... Sample #95477 which was significantly anomalous in arsenic also had our only anomalous assay for uranium. This is quite interesting for our geologists as it may be an indication of a strong polymetallic mineralized environment. Arsenic, (which can be a path finder element for gold) as well as the unusual diversity of metals was detected. In fact, the geochemical signature with such high iron content certainly points the way to the Olympic Dam (Iron Oxide) model of mineralization. The presence of fluorite with strong arsenic, barite, silver with some uranium (also high antimony and boron?) really makes a good case for this deposit type. The felsic rhyolitic tuffs in which the sampling was carried out also makes a prospective host rock for this deposit type. This gives reason for the management of Magnum to express its strong desire to continue exploration in this area.
Magnetite Hill... One of the main areas of exploration was the Magnetite Hill zone. This is an area of intensely silicified and oxidized calcareous meta sediments (micritic marble), belonging to the Lower Silurian age Onoot Tolgoy Formation. This silicified alteration zone contains pervasive variable concentrations of fine-grained magnetite. Concentrations of magnetite vary from disseminations to conspicuous semi-massive bands and streaks. Host-rocks have undergone intense silicification in association with a pervasive network of closely spaced, narrow, anastimosing chalcedonic veinlets. All rock samples taken to date on this zone are consistently anomalous in nickel, cobalt and chromium, assumed to be associated with magnetite. Nickel values vary between 425 to 1636 ppm, cobalt between 41 to 93 ppm and chromium 201 to 495 ppm. There are also significantly higher than background values for silver, platinum, palladium, strontium and vanadium. Anomalous copper values of 5 to 23 ppm Cu occur at this mineral zone. Based on the deposit model currently being investigated increased copper-gold values should be found at greater depths associated with increased potassic and sodic alteration.
SOURCE: Magnum d'Or Resources Inc.
MAGNUM d'Or RESOURCES INC.
Reno J. Calabrigo, 416-386-0044
Email: info@magnumexploration.com
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