SSP not much reaction on this latest news .... par for the game.....
Sandspring drills 203 m of 1.74 g/t Au at Toroparu
2011-09-20 08:56 MT - News Release
Mr. Brian Ray reports
SANDSPRING RESOURCES LTD. REPORTS DELINEATION OF HIGHER GRADE GOLD-COPPER MINERALIZATION CORRIDOR AT TOROPARU ANDREPORTS DRILLING RESULTS
Sandspring Resources Ltd. has provided further results from its 2011 expansion and infill drilling program at the Toroparu gold-copper deposit in the Republic of Guyana, South America.
Sandspring reports the identification of distinct higher grade mineralized lenses with an east-west orientation and 45-degree plunge to the west within the main east domain of the Toroparu gold-copper deposit. Drill results from drill holes TPD 237 and 237B confirm the presence and continuity of elevated gold and copper grades identified by recent infill drilling and improved geologic modelling of the Toroparu resource that is being conducted in preparation for a prefeasibility engineering study by SRK Consulting (U.S.) Inc. in the first quarter of 2012 (see attached table).
Results from drill holes 237 and 237 B are the first results reported from a series of holes drilled both along strike and down plunge as well as holes drilled to crosscut the mineralization, all specifically designed to confirm the extent and continuity of elevated grade of gold and copper along the orientation of these mineralized bodies (see attached table).
Additionally, the company is reporting results from exploration to the northwest of the currently defined resource area in holes TPD 224, 226, 228, 230, 233, 236, exploration to the southeast of the resource area in drill holes TPD 231, 232 and 235, step-out drill holes in 225, 227, 229 and 234, and infill holes in the main east domain drill holes TPD 237 and 237 B.
WEIGHTED AVERAGE COMPOSITE GRADE INTERVALS, HOLES TPD224-237B Hole ID From To Length Gold Cu (m) (m) (m) (g/t) (%) TPD229 199.50 217.50 18.00 0.53 0.28 TPD234 469.50 495.00 25.50 0.64 0.03 TPD237 0.00 203.00 203.00 1.74 0.40 Incl. 67.50 69.00 1.50 13.90 1.46 and 87.00 88.50 1.50 22.30 4.66 and 156.00 159.00 3.00 22.10 1.88 and 178.50 180.00 1.50 12.30 1.18 and 199.50 201.00 1.50 15.00 1.04 TPD237B 0.00 81.00 81.00 1.76 0.22 Incl 75.00 81.00 6.00 27.90 0.45 96.00 159.00 63.00 1.39 0.33 166.50 181.50 15.00 0.65 0.27 196.50 204.00 7.50 1.15 0.22 208.50 214.50 6.00 0.31 0.05 (i) The uncapped values in TPD237 from 0.00 to 203.00 m are 2.00 g/t Au and 0.4 per cent Cu over 203 m. (i) The uncapped values in TPD237B from 0.00 to 81.00 m are 2.95 g/t Au and 0.22 per cent Cu over 81 m. (i) All intervals are reported as down-hole lengths and additional information is required to determine true widths. (i) See attached table for complete list of gold and copper intercept results.
Werner Claessens, vice-president of exploration, states: "The additional drilling carried out in the first half of 2011 has improved modelling of the Toroparu gold-copper deposit, which in turn has significantly increased our understanding of the geologic controls on gold and copper mineralization. The discovery of higher grade mineralization within the eastern part of the Toroparu gold-copper deposit confirms the potential for significant improvement in resource grade as the program continues. We are quite confident that the resource will continue to strengthen with continued drilling into the prefeasibility study scheduled for the first quarter of 2012."
Results from holes TPD 224-237B represent an additional 5,258 m of diamond core drilling within the Toroparu gold-copper deposit area. A total of 42,048 m of results have now been reported from the 2011 drill program; and a total of 111,764 m of results have now been reported from the Toroparu gold-copper deposit to date.
Analytical testing and reporting of quantitative assays for the results reported in this press release were performed independently by Acme Analytical Laboratories Ltd. AcmeLabs is an ISO9001:2008 accredited laboratory. A system of blanks, standards and duplicates were added to the Toroparu sample stream by the company to verify accuracy and precision of assay results, supplementing a variety of internal quality assurance/quality control (QA/QC) tests performed by AcmeLabs.
Brian Ray, PGeo, senior resource geologist with Sandspring and a qualified person under NI 43-101, has reviewed and approved the technical content of this press release. |
