Gentor Intercepts Significant Molybdenum, Tungsten and Silver Mineralization at its Idaho Moly Project
Ticker Symbol: U:GNTO
WHITEHALL, MT, Jan. 9 /PRNewswire-FirstCall/ - GENTOR RESOURCES INC. ("Gentor" or the "Company") is pleased to report assay results for the first two drill holes on the IMA Mine molybdenum-tungsten project in Patterson, Idaho.
IMA-21 was collared at the D level portal, elevation 6856 feet, Azimuth 299 degrees, dip -53.5 degrees in 30 feet of overburden and drilled to a total depth of 1959 feet.
The hole penetrated 747.6 feet of overlying meta-sediments before entering the granite intrusive for the remainder of the hole. Both the sediments and the intrusive were mineralized over the entire length of the hole. A zone in the granite starting at the contact at 777.6 feet and continuing to 1212 feet (434.4 ft) averaged .075% MoS(2), .026% W (tungsten), and .2 oz/ton Ag.
A lower zone was encountered from 1397.8 feet to 1624 feet (226.2 ft.) which assayed .152% MoS(2), .011%W and .08 oz/ton Ag. This zone included a 10 foot intersection grading .84% MoS(2) from 1534 to 1544 feet.
Two quartz veins assayed high in tungsten with significant base metal values. From 336 feet to 356.5 feet (20.5 ft.) the grade was .058% MoS(2), .394% W, 1 oz/ton Ag, .111% Cu (copper), .416% Pb (lead) and .106% Zn (zinc). From 1212.4 feet to 1221.9 feet (9.5 ft.), the grade was .326% W, .96 oz/ton Ag, .145%Cu, .263% Pb, and .328% Zn.
IMA 22 was collared at the Zero level portal, elevation 6065 feet, Azimuth 321.4 degrees, dip -60 degrees in 28 feet of overburden and drilled to a total depth of 2295 feet. Assays have been received for the upper portion of this hole. The contact zone from 638.4 to 715.6 feet (77.2 ft.) graded .144% MoS(2), .047% W, and .38 oz/ton Ag within a longer intercept between 640.9 to 785.6 feet (144.7 ft.), which graded .116% MoS(2).
Drilling is continuing with two rigs. Hole 23 and 23A were collared on the D level. Hole 23 was abandoned due to difficult rock conditions, while hole 23A continues at a depth of 1625 feet. Hole 24 was completed from the zero level. Drilling on hole 25, also collared on the Zero level, continues at a depth of 730 feet.
All drill core is logged on site and sawn in half with diamond saws. One half is bagged and shipped to one of two certified labs (ALS Chemex and SGS Labs) in Elko, NV, while the other half is archived and stored on site. For QC/QA purposes standards are randomly inserted into the sample stream. Selected samples are sent to the second lab for verification assaying.
Qualified Person
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L. Joseph Bardswich (P. Eng.), the Company's President and Chief Executive Officer, is the "qualified person" responsible for the preparation of the technical information in this release.
Gentor Resources Inc is a US-based mineral exploration and development company whose projects include the IMA Mine molybdenum-tungsten property in Idaho and the prospective Delmoe Lake gold project in Montana. The Company's strategy is to create shareholder value by acquiring and developing highly prospective mineral properties in the United States and internationally. |
