Duran Reports Pasacancha Hole 4B Results: 104 Metres (344 ft) of 35 g Ag/t (1.1 oz Ag/t) Including 34 Metres (114 ft) of 55 g Ag/t (1.8 oz Ag/t) and 3
Mon Jan 26, 9:01 AM
ca.news.finance.yahoo.com
TORONTO, ONTARIO--(Marketwire - Jan. 26, 2009) - George A. Brown, CEO, and Cary Pothorin, President, of Duran Ventures Inc. (TSX VENTURE: DRV.V) are pleased to provide the following update on exploration activities at the Pasacancha Silver-Lead-Zinc Target in Ancash, Peru. Cary Pothorin, P.Geo. is a Qualified Person as defined in National Policy 43-101, and is responsible for all technical information contained in this news release. Conversions from the reported metric units were done using 1 metre equals 3.3 feet rounded to nearest foot and 31.1 grams equals 1 troy ounce rounded to nearest tenth of a troy ounce.
Pasacancha hole 4B was drilled in December 2008 directly to the east at an inclination of minus 65 degrees to a final depth of 377.15 metres. The hole intersected vein and stockwork zones with common sphalerite, galena, argentite, pyrite, and pyrrhotite in phyllic-altered diorite porphyry, then passed through a significant fault zone into weakly altered diorite hornblende porphyry. Significant intersections of Hole 4B are:
HOLE FROM (m) TO (m) DRILLED WIDTH (m) Ag (ppm) Pb (%) Zn (%)
Hole 4B 123.00 227.15 104.15 35.3 0.37 0.70
including 130.60 165.00 34.40 55.4 0.53 0.97
and including 191.00 227.15 36.15 40.3 0.44 0.71
33 of 145 core samples from Hole 4B report silver values of over 15.5 g Ag/t (0.5 oz Ag/t), with an individual sample assaying 389 g Ag/t (12.5 oz Ag/t). The above intersections represent measured drill widths. Actual true widths have not yet been determined but are currently thought to be approximately 55% of the measured drilled widths.
The Pasacancha Target, which management view as a potentially bulk mineable target, is interpreted to be an intrusive-hosted Silver-Lead-Zinc vein system which has been displaced to the northeast by a shallow-dipping thrust fault and is thought to be comprised of telescoped mineralization related to the emplacement of the Aguila Copper-Moly porphyry system. The intrusive host of the Pasacancha mineralization is thought to be related to the diorite porphyry bodies of the Aguila Target, located approximately two kilometers to the west of the Pasacancha Target. Duran is excited at the potential to find additional exploration targets within the area between the Aguila Main Porphyry Target and the Pasacancha Porphyry Target. Duran plans to execute an induced-polarization geophysical survey over this zone during the course of 2009. Duran plans to continue advancing the Pasacancha Target, several identified Aguila style targets, as well as new exploration targets on our 11,000 hectares of exploration properties in the district.
All drill core was logged, photographed and cut in half using a diamond saw. One half of the core was systematically sampled in one to three metre intervals and sent to the Lima laboratory of Inspectorate Services Peru SAC (a certified laboratory) for preparation and multi-element ICP analysis followed by AQR/AA assaying for Cu, Pb, Zn, and 30 gram FA/AA assaying for Au and Ag. The company has a QA/QC protocol in place including the secure care and custody of samples, use of standards and blanks, duplicate sampling, and check sampling done by outside labs.
Investors are invited to visit the Duran Ventures IR Hub at www.agoracom.com/ir/duran where they can post questions and receive answers or review existing questions and answers. Investors may also ask questions or request to be added to the investor email list at DRV@agoracom.com.
Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture Exchange: Symbol "DRV".
Drill section of hole 08 PAS 004B is available at the following web link: media3.marketwire.com.
Map of area between Aguila and Pasacancha, showing known and potential target areas is available at the following web link: media3.marketwire.com.
The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this news release.
Contacts
George A. Brown
Duran Ventures Inc.
CEO
(416) 867-1101
(416) 867-1222 (FAX)
Email: duranventures@ca.inter.net
Website: www.duranventuresinc.com |
