How about high grade copper while we wait instead?
I'd look at the original press release if I were you to see the copper grade table, unfortunately this posting thing wraps it --
fin-info.com
Zenda Capital Corp.
INITIAL DRILLING PROGRAM ON MASSEY PROJECT CONFIRMS IOCG POTENTIAL
IMMEDIATE PRESS RELEASE
Toronto, ON February 16, 2005
FSC / Press Release
INITIAL DRILLING PROGRAM ON MASSEY PROJECT CONFIRMS IOCG POTENTIAL
Toronto, Ontario CANADA, February 16, 2005 /FSC/ - Zenda Capital Corp. (ZND - TSX Venture),
carried out a 1003 metre drill program on their Massey property located about 80 km west of
Sudbury, Ontario, in late 2004. The 100% owned property was acquired because Zenda President,
Don Hawke, recognized that this property had many characteristics in common with a class of
giant ore deposits termed iron oxide-copper-gold deposits (IOCG). One of the largest known
deposits of this type is the Olympic Dam Deposit in Australia that contains 2.0 billion
tonnes grading 1.6 % Cu, 0.6 g/t Au and 0.06% U3O8 (uranium oxide).
A five hole drilling program was designed to test the mineralized zone at several locations
along a strike length of approximately 1.35 kilometres. High grade copper values up to
15.53% Cu were intersected. The program was designed to obtain fresh samples to carry out
geochemical and petrographic analyses due to the poor and incomplete condition of the
previous records that existed for the property and to confirm the IOCG potential of the
project.
The results of the drill program are summarized below:
Hole # From (m) To (m) Interval (m) Cu % Au g/t
MM-04-01 67.9 100.3 32.40 0.11 ns
incl. 80.3 82.9 2.60 0.41 ns
MM-04-02 42.45 47.3 4.85 3.39 0.33
incl. 42.6 47.3 4.70 3.19 0.51
incl. 44.0 45.3 1.30 8.48 0.34
incl. 44.0 44.6 0.60 12.32 0.29
incl. 44.0 44.35 0.35 15.53 0.39
MM-04-03 140.90 142.3 1.40 0.70 ns
MM-04-03 199.0 203.75 4.75 0.16 ns
MM-04-03 229.5 232.0 2.50 0.58 ns
MM-04-04 110.5 121.5 11.00 0.88 ns
incl. 117.0 121.5 4.50 1.35 ns
131.5 148.5 17.00 0.09 ns
MM-04-05 20.25 26.25 6.00 0.68 ns
incl. 24.25 26.25 2.00 1.58 0.11
21.25 23.25 2.00 0.28 1.54
ns - no significant values
All core was analyzed at Actlabs of Ancaster, Ontario an ISO 17025 and CAN-P-1579 qualified
laboratory.
The Massey property is the site of two past producing copper deposits; the Massey Mine and
the Hermina Mine. Both started production in the early 1900's and the Massey Mine produced
during the periods 1901-1906, 1915-1917 and 1968-1970 from two shafts and an adit. To the
best of our knowledge no further work has been conducted since that time. Mineralization at
Massey is hosted by the Massey Breccia Complex (MBC) that is exposed along the Murray fault
for a distance of about 1.6 km. Total dimensions of the MBC are unknown as the east, west and
southern contacts are not exposed. The MBC consists of brecciated Proterozoic Huronian
sediments that have been variably hematized, sericitized, silicified, chloritized and
albitized. In places it contains disseminated and semi massive chalcopyrite, pyrite, bornite
and chalcocite mineralization sometimes associated with late structures exhibiting both
brittle and ductile deformation. Surface showings of uranium were located by previous workers
along the northern edge of the MBC in the vicinity of the Massey Mine workings.
The Hermina Mine consists of two shafts about 1700 metres apart. The main shaft (#2) was
reportedly sunk on a "quartz vein" up to 9 metres wide mineralized with chalcopyrite. The
"vein" contains many wallrock clasts and is associated with hematite, chlorite and silica
alteration of the enclosing granite. The # 1 shaft is located about 1.5 km west of the
Massey adit zone workings. Recent sampling of dump material at the #3 and # 1 shaft areas
returned gold values of up to 1.88 g/t Au and 9.56 g/t Au respectively. The Hermina Mine
appears to be located on a splay of the Murray fault with its confluence near the Massey Mine
and it may be related to geological events in this area.
The Massey mineralized zone (MBC) is open in both directions along strike and at depth and
management is very encouraged by these initial results. Only partial results have been
received for samples submitted for geochemical analyses and petrographic work, however, these
results suggest a good correlation with the IOCG deposit model. Complete results will be
released in the next few weeks when they become available. A program of down hole and surface
Induced Polarization surveying and 3D imaging is scheduled to start in the next week or so
which will be followed up with a comprehensive drilling program to explore the potential of
this exciting project.
The Massey exploration program was supervised by Donald Hawke, P.Geo, President of Zenda
Capital Corp. and Qualified Person for this project.
For further information contact:
Wayne J. O'Connor, Chairman
416-364-6957 or
Don Hawke, President
705-385-0465
Shares Issued: 39,634,622
The TSX Venture Exchange has neither approved nor disapproved of the information contained
herein.
Statements in this press release regarding the Company's business which are not historical
facts are "forward-looking statements" that involve risks and uncertainties, such as
estimates and statements that describe the Company's future plans, objectives or goals,
including words to the effect that the Company or management expects a stated condition or
result to occur. Since forward-looking statements address future events and conditions, by
their very nature, they involve inherent risks and uncertainties. Actual results in each case
could differ materially from those currently anticipated in such statements.
Paul Ankcorn
President
(416) 360-4137
info@zendagold.com |
