News Release: Dec 5
TAN RANGE EXPLORATION CORPORATION ANNOUNCES CONTINUED SUCCESS
AT ITETEMIA
VANCOUVER, Dec. 5 /CNW/ - Tan Range Exploration Corporation
Alberta Stock Exchange Symbol: TNX
Tan Range Exploration Corporation is very pleased to announce the
continued success of its exploration drilling program at Itetemia along the
Golden Horseshoe Reef, a quartz-pyrite exhalative horizon adjoining Sutton
Resources' world-class Bulyankhulu gold deposit in central Tanzania. Five
additional diamond drill holes were recently completed on the Itetemia
Property, indicating a massive alteration zone containing very significant
concentrations of ore grade gold.
The Golden Horseshoe Reef itself was originally discovered in March of
this year. Since drilling commenced in August, a total of thirteen diamond
drill holes have been completed. The diamond drill confirmed strike length of
this massive and pervasive mineralization now extends to 300 metres and to a
vertical depth of 100 metres. The latest five drill holes have extended the
previously announced diamond drill proven 200 metre strike length of the zone
by 35 metres to the west and by 65 metres to the east. The zone remains open
in all directions.
Economic gold grade at 100 metres below surface was intersected by Hole
ITDD-22. This hole was drilled between two previously released shallow diamond
drill holes and confirmed the presence of ore grade mineralization at a
vertical depth of 100 metres. The interval of 128.0 to 133.6 metres, a core
length interval of 5.6 metres, assayed 7.7 grams Au/tonne and includes a 3.9
metre interval grading 10.1 grams Au/tonne.
Fire assays were completed by SGS in Tanzania with 10% of the samples to
be check assayed by Acme Analytical Laboratories in Vancouver, B.C.
While assay check results are pending, we are very encouraged by the
impressive findings obtained in Tanzania. See following table.
In addition to these very favourable diamond drilling results, IP
(Induced Polarization) surveys have now extended the previously announced 1200
metre long IP anomaly associated with the gold bearing quartz reef by 1000
metres, for a new total length of 2200 metres.
Reverse circulation drilling along this IP anomaly has now delineated the
gold bearing reef for a distance of 800 metres. A fence of reverse
circulation holes drilled 60 metres east of the last diamond drill hole has
intercepted the gold mineralized quartz reef. To the west, a fence of reverse
circulation holes drilled 440 metres past the last diamond drill hole has also
intercepted the gold mineralized quartz reef.
In view of the excellent results and the exceptional potential of the
Itetemia discovery, the management and Board of Directors of Tan Range have
decided not to complete the acquisition of the Wyldsdale deposit in Swaziland.
The Wyldsdale project will now revert back to JCI Ltd.
At Itetemia, diamond drilling and reverse circulation drilling along the
2200 metre long IP anomaly was temporarily suspended because of extremely
heavy rains.
<<
------------------------------------------------------------------------
Grid Section D.D. Hole Intersection Width Gold
(metres) (metres) (grams/tonne)
------------------------------------------------------------------------
2740E ITDD-24
Zone (A) 45.0 - 51.0 6.0 4.01
includes 45.0 - 46.0 1.0 10.32
Zone (B) 61.0 - 74.4 13.4 9.07
includes 65.0 - 71.0 6.0 14.78
------------------------------------------------------------------------
2710E ITDD-23 48.3 - 66.0 17.7 4.66
includes 56.0 - 60.9 4.9 7.99
------------------------------------------------------------------------
2605E ITDD-22
Zone (A) 128.0 - 133.6 5.6 7.7
includes 128.0 - 131.9 3.9 10.1
Zone (B) 140.5 - 142.7 2.2 2.48
------------------------------------------------------------------------
2560E ITDD-21
Zone (A) 51.5 - 56.0 4.5 3.83
includes 52.3 - 53.6 1.3 7.35
Zone (B) 61.7 - 68.0 6.3 1.36
------------------------------------------------------------------------
2470E ITDD-20 57.3 - 58.8 1.5 1.22
------------------------------------------------------------------------
>>
(x) All holes drilled at -50 degrees
Note to Borehole ITDD-23 From 60.07 to 60.85 (a 0.78 metre width)
returned an assay of 102 grams of gold per tonne. This assay was cut to 10.2
G/T for drill intersection calculations.
ON BEHALF OF THE BOARD
''Marek J. Kreczmer''
MAREK J. KRECZMER, M.Sc., P.Eng.
President and Chief Executive Officer
The Alberta Stock Exchange has neither approved nor disapproved of the
information contained herein |
