Re-testing of historical holes at Lagoa Salgada

RNS Number : 1353R

Mineral & Financial Invest. Limited

07 December 2016

 

Mineral and Financial Investment Limited

("MAFL" "M&FI" or the "Company")

Re-testing of historical holes at Lagoa Salgada reveals 93m of mineralization containing 2.85% copper equivalent¹ and points to new geological structure

HIGHLIGHTS:

-   TH Crestgate, 49% owned by M&FI, has completed a geological re-interpretation of 4 historic drill-holes at Lagoa Salgada

-   These reveal long intersections of copper rich polymetallic mineralization

-   Re-logging and re-assaying has resulted in identifying a new and different type of mineralization in addition to the previously identified lead-zinc rich VMS system, a large area of zinc-copper mineralization in an uncommon altered rock with a stock-work texture

-   Recent IP studies show indications of chargeability anomalies, interpreted as sulphide disseminations, and well-defined resistivity boundaries coherent with larger areas comparing with the VMS type bodies, interpreted as stock-work zones;

-   This work highlights the potential of a new high tonnage target about 1000m SW of the current resource hosted within in a VMS formation.

MAFL provides the following update on TH Crestgate GmbH, a private Swiss investment company in which MAFL holds a 49% stake. The directors of MAFL are advised that the work program has been completed on the Central Sector of the Lagoa Salgada project owned and controlled by TH Crestgate. Lagoa Salgada, located 100Km SE of Lisbon, Portugal, is accessible by highway and benefits from full and easy infrastructure access.

The 13,400-hectare Lagoa Salgada project currently has 17 identified gravimetric anomalies as well as a preliminary resource. The preliminary resource (see announcement August 27, 2015) is located on one of these gravimetric anomalies, called the LS-1 zone. The Central Sector is located approximately 1000 meters SW of the LS-1 zone. This 'Central Sector' was the subject of a 4 drill-hole program undertaken by a previous operator. The holes drilled are holes LS20, LS23, LS26 and LS28.

The results from this re-working of the four historic holes in the Central Sector yielded high-grade copper values. High-grade copper content is not strictly consistent with a Volcanogenic Massive Sulphide (VMS) formation, such as is typical of the Iberian Pyrite Belt where Lagoa Salgada is located. The following new mineralization intersections were tested in the re-assayed holes:

Holes	Depth (m)	Thickness (m)	Cu (%)	Zn (%)	Pb (%)	Au (g/t)	Ag (g/t)	Cu Equivalent (%)1
LS-20	141.6 to 234.7	93.10	0.94	2.22	1.46	0.09	27.0	2.85%
Including	141.6 to 163.6	22.00	0.18	1.21	0.90	0.06	2.27	1.16%
Including	163.6 to 177.8	14.20	0.25	2.48	1.25	0.03	13.20	2.04%
Including	180.2 to 196.1	15.90	3.81	3.85	3.82	0.29	100.36	4.15%
Including	210.3 to 231.6	21.30	2.84	3.12	2.66	0.23	75.49	6.35%
LS-23	210.2 to 223.8	23.20	0.01	0.01	0.01	0.07	12.87	0.18%
LS-23	323.3 to 356.1	32.80	0.13	0.05	0.02	0.05	3.53	0.23%
LS-23	401.1 to 407.2	6.10	0.68	0.14	0.07	0.15	12.73	0.99%
LS-26	245.2 to 254.5	9.35	0.46	0.18	0.06	0.03	12.14	0.73%
LS-26	321.7 to 339.3	17.55	0.25	0.11	0.06	0.30	12.27	0.63%
LS-26	545.4 to 555.5	10.30	0.65	0.20	0.65	0.20	14.16	0.95%
LS-28	150.0 to 369.8	219.80	0.26	0.48	0.24	0.04	8.17	0.67%
Including	178.0 to 187.5	9.50	0.39	0.18	0.09	0.05	4.37	0.71%
Including	200.0 to 206.5	6.55	0.20	0.68	0.34	0.05	13.15	1.00%
Including	286.5 to 292.2	5.65	1.65	3.54	1.35	0.02	57.82	4.38%
Including	298.3 to 307.5	9.20	1.22	2.25	1.38	0.06	39.79	3.21%
Including	330.2 to 341.1	10.80	0.97	1.85	0.63	0.06	19.26	2.30%
Including	361.6 to 367.9	6.20	0.94	3.54	2.01	0.15	19.94	3.66%

After a review of the Central Sector's historical exploration data, it was apparent that the sector's high-grade intervals are inconsistent with a massive sulphide structure.

The directors of MAFL are advised that the decision by TH Crestgate to re-work these historic holes was made to complete the data series, as a previous operator had only very selectively tested the core from these holes. The earlier assays appear to have been focused solely on intervals bearing visible mineralization. The re-work program consisted of re-logging, re-assaying, analysis and modelling of the remaining un-sampled intervals of core from these 4 drill-holes to allow for a complete analysis of the drill data. The core, which is stored at a Portuguese government facility, was processed under government supervision and a Director of TH Crestgate. The assays were tested by ALS Limited in Seville, Spain.

With the compilation of the old and recent data series anew and unexpected intervals were possible to define. The directors of TH Crestgate believe the most important aspect of these intervals is their geological basement. These high copper-zinc grades in long intervals are related with stock-works in altered zones inside of what seems to be sub-volcanic intrusions.

The geological team of TH Crestgate, led by Joao Barros, is considering a hypothesis that Lagoa Salgada's Central Sector may host a late intrusive or alteration event that clearly overprints the normal volcano-sedimentary system.

http://www.rns-pdf.londonstockexchange.com/rns/1353R_-2016-12-6.pdf

This lithotype has a very particular texture with porphyritic grains on a fine matrix without the usual lineation seen on the volcano-sedimentary package. Some intervals run in excess of 200m in core, with altered zones with copper-zinc dissemination on stock-works reaching significant widths (e.g. Hole LS20: >90m; Hole LS28: >60m).

Additionally, a significant breccia event composed by this lithology was described on the Southern-most holes (i.e. LS26 and LS28). This brecciation appears to have from 20m to 60m in core and could represent another potential source of mineralization. No sampling of these breccias has been completed. Additional sample checks have been completed on these bodies and they also have confirming mineralization   (e.g. LS28_2 - 1.5m@1.01%Cu and 5.23% Zn).

The results of the earlier IP study have identified the existence of a number of anomalies of moderated high chargeability aligned with the known and the new identified mineralization. The results of the works appear to indicate the presence of anomalies due to the effect of metal sulphides such as "stock-work" or scattered in the VMS.

This new data in conjunction with the new interpretation resulting from the re-examination of the historic Central Sector drill holes has identified a large new prospective structure. A drilling campaign to test these new mineralized zones is being prepared.

Jacques Vaillancourt, Chairman of Mineral and Financial, commented: "We are pleased with the work being undertaken on our investment in TH Crestgate. Although they currently have insufficient data to definitively announce the presence of a copper bearing intrusion within the Central Sector's VMS system, nevertheless, the indications of significant propectivity now present in the Central Sector in addition to the significant resource potential of Lagoa Salgada's known Iberian Pyrite Belt VMS system gives us cause for optimism. TH Crestgate is now evaluating the most efficient sequence of steps required to test and confirm this possible new structural discovery. The copper-zinc intervals currently compiled on these geological late events on Central Sector demonstrate that we are in the presence of a big and complex system. TH Crestgate is very excited and committed to develop, understand and test this new type of mineralization together with the other unexplored VMS potential structures on the property."

The historical, Canadian Institute of Mining (CIM) compliant, resource estimate, located on LS-1, completed in 2012 by Paul Daigle, P.Geo. (and previously announced on August 27, 2015), is summarized below. TH Crestgate is the operator of these assets:

Category	Gross					Net Attributable to TH Crestgate
LS-1 Sector	Tonnes	Mineral	Grade	Contained Metal	Units	Tonnes	Mineral	Grade	Contained Metal	Units
Indicated	2,942,000	Pb (%)	2.94	190,686,436	Lbs.	2,500,700	Pb (%)	2.94	162,083,471	Lbs.
		Zn (%)	3.40	220,521,729	Lbs.		Zn (%)	3.40	187,443,469	Lbs.
		Cu (%)	0.34	22,052,173	Lbs.		Cu (%)	0.34	18,744,347	Lbs.
		Ag (g/t)	54.72	5,175,824	Oz.		Ag (g/t)	54.72	4,399,450	Oz.
		Au (g/t)	0.82	77,562	Oz.		Au (g/t)	0.82	65,927	Oz.
Inferred	1,554,000	Pb (%)	2.50	85,648,710	Lbs.	1,320,900	Pb (%)	2.50	72,801,404	Lbs.
		Zn (%)	1.80	61,667,071	Lbs.		Zn (%)	1.80	52,417,011	Lbs.
		Cu (%)	0.35	11,990,819	Lbs.		Cu (%)	0.35	10,192,196	Lbs.
		Ag (g/t)	51.00	2,548,073	Oz.		Ag (g/t)	51.00	2,165,862	Oz.
		Au (g/t)	0.78	38,971	Oz.		Au (g/t)	0.78	33,125	Oz.
Total	4,496,000	Pb (%)	2.79	276,335,146	Lbs.	3,821,600	Pb (%)	2.79	234,884,874	Lbs.
		Zn (%)	2.85	282,188,800	Lbs.		Zn (%)	2.85	239,860,480	Lbs.
		Cu (%)	0.34	34,042,992	Lbs.		Cu (%)	0.34	28,936,543	Lbs.
		Ag (g/t)	53.43	7,723,897	Oz.		Ag (g/t)	53.43	6,565,313	Oz.
		Au (g/t)	0.81	116,532	Oz.		Au (g/t)	0.81	99,052	Oz.

Source: Tetra Tech Wardrop

Asset Description

MAFL is advised that the Lagoa Salgada resource is focused on one gravimetric anomaly called LS-1. There are a total of 17 gravimetric anomalies on the property that remain to be fully tested. The petrographic study focused on the LS-1 area of the Lagoa Salgada property. The orebody is composed of a central stock work zone - a more than 700 m thick volcano-sedimentary complex - and a massive sulphide lens in the northwest. It is covered by more than one hundred meters of sediments of the Sado Tertiary basin (Lima et al., 2013, see below).

References in this announcement to exploration results and resource updates have been approved for release by Joao Barros, BSc (Engineering), MSc (Geology), who has more than 13 years of relevant experience in the field of activity concerned. Mr Barros is a Member of the Portuguese Engineers Association. Mr. Barros, who is employed by Redcorp Empreedimentos Mineiros, Lda., a wholly owned subsidiary of TH Crestgate GmbH, and has consented to the inclusion of the material in the form and context in which it appears.

This report should be seen as indicative of possible mineral content and not definitive, as the sample group is insufficient to arrive at any economic conclusions.

For more information:

Katy Mitchell, WH Ireland                                [phone]

Jacques Vaillancourt, Chairman                       [phone]

Notes to Editors:

TH Crestgate's 100% owned subsidiary, Redcorp Empredeementos Lda, who is the operator of the Lagoa Salgada asset, recently commissioned and completed a study of the historical drill-holes on the Central Sector on the Lead Zinc Project. The Lagoa Salgada Project is located in the northern portion of Portuguese section of Iberian Pyrite Belt. The Iberian Pyrite Belt is a known and prolific host of Volcanogenic Massive Sulphide (VMS) deposits. VMS deposits are important sources of copper, zinc, lead, gold, and silver (Cu, Zn, Pb, Au, and Ag). These deposits form at or near the sea-floor where circulating hydrothermal fluids driven by magmatic heat are quenched through mixing with bottom waters or pore waters in near-sea floor lithologies. Massive sulphide lenses vary widely in shape and size and may be pod like or sheet-like. They are generally stratiform and may occur as multiple lenses. These mineralised lenses can be identified as gravimetric anomalies. The Lagoa Salgada has project 17 gravimetric anomalies, of which the LS-1 preliminary resource represents but one of the anomalies.

Volcanogenic massive sulphide deposits range in size from small pods of less than a ton (which are commonly scattered through prospective terrains) to supergiant accumulations like Rio Tinto (Spain), 1.5 B/t (billion metric tons), which is located on the Iberian Pyrite Belt; Kholodrina (Russia), 300 Mt (million metric tons); Windy Craggy (Canada), 300 Mt; Brunswick No. 12 (Canada), 230 Mt; and Ducktown (United States), 163 Mt.  Massive ore in VMS deposits consists of >40 percent sulphides, usually pyrite, pyrrhotite, chalcopyrite, sphalerite, and galena; non-sulphidede gangue typically consists of quartz, barite, anhydrite, iron (Fe) oxides, chlorite, sericite, talc, and their metamorphosed equivalents. Ore composition may be Pb-Zn-, Cu-Zn-, or Pb-Cu-Zn-dominated, and some deposits are zoned vertically and laterally.

APPENDIX - Detailed Hole Assays:

Hole ID	From	To	Length (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)	Cu Eq1 (%)
LS20	141.60	143.60	2.00	0.30	0.80	1.30	0.20	0.01	1.23
LS20	143.60	146.60	3.00	0.07	0.38	0.38	0.80	0.04	0.43
LS20	146.60	149.60	3.00	0.14	0.72	0.64	0.20	0.05	0.75
LS20	149.60	152.45	2.85	0.27	1.59	0.90	0.10	0.06	1.35
LS20	152.45	154.55	2.10	0.30	1.64	0.87	0.60	0.10	1.41
LS20	154.55	157.00	2.45	0.14	0.92	1.15	0.60	0.08	1.09
LS20	157.00	158.60	1.60	0.59	2.07	6.17	3.40	0.14	4.41
LS20	158.60	163.60	5.00	0.03	0.26	0.76	7.60	0.03	0.58
LS20	163.60	167.60	4.00	0.11	0.43	1.97	6.00	0.01	1.26
LS20	167.60	169.50	1.90	1.05	5.23	5.99	49.90	0.10	6.40
LS20	169.50	172.80	3.30	0.01	0.06	0.33	0.10	0.01	0.20
LS20	172.80	175.70	2.90	0.16	1.02	2.38	11.90	0.03	1.80
LS20	175.70	177.80	1.90	0.33	1.51	4.20	17.80	0.06	3.09
LS20	177.80	180.20	2.60	0.01	0.04	0.04	0.10	0.04	0.07
LS20	180.20	182.80	2.60	0.22	0.79	1.30	7.10	0.04	1.23
LS20	182.80	184.40	2.00	2.03	2.71	6.24	44.20	0.14	6.50
LS20	184.40	186.65	1.85	0.59	2.00	2.66	21.50	0.08	2.86
LS20	186.65	188.15	1.50	0.49	0.91	2.83	17.30	0.07	2.37
LS20	188.15	189.65	1.50	4.66	6.19	10.38	139.50	0.23	13.35
LS20	189.65	190.85	1.20	0.94	2.06	4.55	21.80	0.07	4.12
LS20	190.85	190.85	1.40	1.00	2.37	4.20	43.00	0.08	4.33
LS20	190.85	194.10	1.85	0.35	1.70	2.73	23.60	0.09	2.56
LS20	194.10	196.10	2.00	0.33	1.91	2.86	16.00	0.09	2.62
LS20	196.10	198.05	1.95	0.02	0.14	0.63	0.10	0.00	0.37
LS20	198.05	200.15	2.10	0.14	0.30	0.94	1.70	0.01	0.72
LS20	200.15	202.15	2.00	0.08	0.41	1.51	3.70	0.03	1.00
LS20	202.15	204.25	2.10	0.05	0.24	0.68	3.50	0.02	0.51
LS20	204.25	206.05	1.80	0.04	0.23	0.75	3.10	0.01	0.52
LS20	206.05	208.60	2.55	0.10	0.49	0.93	1.60	0.02	0.75
LS20	208.60	210.30	1.70	0.11	0.31	0.84	4.30	0.03	0.68
LS20	210.30	211.75	1.45	0.22	0.94	1.35	9.90	0.08	1.36
LS20	211.75	213.30	1.55	0.10	0.19	0.46	1.40	0.02	0.42
LS20	213.30	215.15	1.85	0.30	1.53	1.33	12.70	0.05	1.66
LS20	215.15	217.50	2.35	0.26	0.53	0.71	14.20	0.04	0.95
LS20	217.50	219.45	1.95	0.63	0.82	1.28	23.60	0.05	1.80
LS20	219.45	220.25	0.80	6.08	2.24	4.73	119.40	0.44	10.55
LS20	220.25	221.57	1.32	1.89	1.55	3.11	80.50	0.21	4.83
LS20	221.57	222.70	1.13	2.93	10.31	13.28	142.90	0.23	14.60
LS20	222.70	223.70	1.00	2.27	1.94	3.72	62.50	0.26	5.51
LS20	223.70	224.95	1.25	2.31	1.40	1.62	62.40	0.29	4.38
LS20	224.95	227.00	2.05	1.70	0.78	1.43	42.00	0.21	3.20
LS20	227.00	228.00	1.00	6.25	1.28	2.57	133.10	0.64	9.60
LS20	228.00	229.70	1.70	15.54	2.16	4.47	207.30	0.66	20.81
LS20	229.70	230.70	1.00	5.42	23.11	13.89	405.80	0.65	25.01
LS20	230.70	231.60	0.90	1.75	2.94	3.74	96.00	0.17	5.63
LS20	231.60	232.80	1.20	0.01	0.07	0.37	7.00	0.03	0.29
LS20	232.80	234.70	1.90	0.01	0.02	0.39	1.90	0.03	0.24
LS20	262.40	264.00	1.60	0.03	0.43	0.21	16.10	0.05	0.48
LS20	264.00	266.20	2.20	0.01	0.25	0.15	8.80	0.05	0.29
LS20	300.20	303.10	2.90	0.07	0.04	0.10	0.80	0.02	0.15
LS20	303.10	304.80	1.70	0.54	0.13	0.21	11.60	0.08	0.85
LS20	304.80	306.60	1.80	0.17	0.18	0.20	8.70	0.00	0.41
LS20	306.60	308.50	1.25	0.10	0.21	0.28	5.90	0.06	0.41
LS20	371.75	373.00	1.25	0.01	0.02	0.01	0.80	0.01	0.04

Hole ID	From	To	Length (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)	Cu Eq1 (%)
LS23	158.10	162.00	3.90	0.00	0.00	0.00	2.00	0.01	0.03
LS23	162.00	166.00	4.00	0.00	0.00	0.00	2.20	0.00	0.02
LS23	170.55	173.40	2.85	0.00	0.00	0.00	1.60	0.02	0.03
LS23	175.10	179.00	3.90	0.00	0.00	0.00	5.80	0.01	0.06
LS23	183.00	187.00	4.00	0.00	0.00	0.00	3.30	0.01	0.04
LS23	189.10	194.65	5.55	0.00	0.00	0.00	1.50	0.01	0.02
LS23	200.60	205.50	4.90	0.00	0.00	0.00	3.50	0.00	0.03
LS23	205.50	210.20	4.70	0.00	0.00	0.00	1.80	0.00	0.02
LS23	210.20	213.30	3.10	0.00	0.00	0.00	20.60	0.00	0.19
LS23	213.30	216.90	3.60	0.00	0.00	0.00	26.40	0.17	0.36
LS23	216.90	220.30	3.40	0.00	0.00	0.00	37.10	0.22	0.49
LS23	220.30	223.80	3.50	0.09	0.04	0.07	3.90	0.06	0.21
LS23	223.80	227.85	4.05	0.00	0.00	0.00	7.00	0.02	0.08
LS23	239.60	245.60	6.00	0.00	0.00	0.00	10.30	0.15	0.19
LS23	306.00	308.00	2.00	0.00	0.00	0.00	11.10	0.08	0.15
LS23	308.00	310.00	2.00	0.00	0.00	0.00	9.70	0.69	0.55
LS23	310.00	312.00	2.00	0.07	0.05	0.08	6.30	0.18	0.30
LS23	312.00	316.00	4.00	0.06	0.04	0.08	5.00	0.10	0.23
LS23	316.00	318.30	2.30	0.07	0.03	0.06	5.30	0.01	0.17
LS23	318.30	323.30	5.00	0.03	0.01	0.02	0.10	0.01	0.05
LS23	323.30	328.30	5.00	0.43	0.04	0.07	11.20	0.08	0.63
LS23	328.30	333.30	5.00	0.01	0.01	0.02	0.80	0.01	0.04
LS23	333.30	338.30	5.00	0.01	0.01	0.03	0.40	0.01	0.04
LS23	338.30	342.20	3.90	0.01	0.01	0.01	0.10	0.01	0.03
LS23	342.20	347.20	5.00	0.05	0.04	0.06	2.40	0.09	0.18
LS23	347.20	352.20	5.00	0.01	0.01	0.02	0.60	0.01	0.04
LS23	352.20	355.00	2.80	0.02	0.01	0.02	1.60	0.02	0.06
LS23	355.00	356.10	1.10	1.61	0.12	0.38	30.80	0.57	2.50
LS23	356.10	360.00	3.90	0.01	0.02	0.05	2.10	0.01	0.07
LS23	360.00	365.00	5.00	0.01	0.01	0.03	0.60	0.01	0.04
LS23	365.00	370.00	5.00	0.01	0.01	0.02	1.10	0.01	0.04
LS23	370.00	375.00	5.00	0.01	0.01	0.02	0.60	0.01	0.04
LS23	375.00	380.00	5.00	0.01	0.01	0.02	1.30	0.01	0.04
LS23	380.00	385.00	5.00	0.01	0.01	0.02	0.40	0.08	0.08
LS23	385.00	390.00	5.00	0.01	0.01	0.02	1.20	0.01	0.04
LS23	390.00	393.80	3.80	0.01	0.01	0.01	0.10	0.01	0.03
LS23	393.80	395.60	1.80	0.05	0.01	0.03	1.60	0.03	0.10
LS23	395.60	397.60	2.00	0.06	0.01	0.03	1.30	0.11	0.16
LS23	397.60	399.80	2.20	0.05	0.01	0.02	0.40	0.01	0.07
LS23	399.80	401.10	1.30	0.01	0.01	0.01	2.10	0.01	0.04
LS23	401.10	402.85	1.75	1.42	0.08	0.26	23.80	0.15	1.89
LS23	402.85	404.80	1.95	0.65	0.12	0.17	15.40	0.23	1.07
LS23	404.80	407.20	2.40	0.16	0.02	0.03	2.50	0.08	0.26
LS23	407.20	412.20	5.00	0.01	0.08	0.06	1.50	0.01	0.09

Hole ID	From	To	Length (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)	Cu Eq1 (%)
LS26	149.00	151.60	2.60	0.030	0.010	0.060	0.10	0.01	0.07
LS26	151.60	156.35	4.75	0.030	0.020	0.090	0.90	0.07	0.13
LS26	156.35	160.20	3.85	0.010	0.010	0.020	1.10	0.06	0.07
LS26	160.20	163.00	2.80	0.040	0.010	0.010	1.60	0.02	0.08
LS26	163.00	166.00	3.00	0.100	0.010	0.010	0.10	0.02	0.12
LS26	166.00	169.00	3.00	0.080	0.050	0.030	1.60	0.02	0.14
LS26	169.00	172.00	3.00	0.020	0.020	0.020	2.00	0.01	0.06
LS26	172.00	175.00	3.00	0.080	0.010	0.030	2.60	0.01	0.13
LS26	175.00	178.00	3.00	0.100	0.020	0.030	3.20	0.03	0.17
LS26	178.00	181.40	3.40	0.010	0.010	0.020	0.60	0.01	0.04
LS26	200.85	203.85	3.00	0.060	0.010	0.010	1.40	0.03	0.10
LS26	203.85	206.85	3.00	0.030	0.010	0.010	1.70	0.01	0.06
LS26	223.85	227.80	3.95	0.180	0.050	0.100	0.10	0.07	0.29
LS26	227.80	230.30	2.50	0.210	0.030	0.070	4.20	0.11	0.37
LS26	230.30	235.00	4.70	0.010	0.010	0.010	12.40	0.08	0.19
LS26	235.00	240.00	5.00	0.010	0.010	0.020	0.60	0.04	0.06
LS26	240.00	245.20	5.20	0.010	0.010	0.020	1.30	0.01	0.04
LS26	245.20	248.10	2.90	0.840	0.030	0.200	1.40	0.08	1.01
LS26	248.10	250.85	2.75	0.270	0.070	0.220	17.30	0.26	0.73
LS26	250.85	252.20	1.35	0.650	0.110	0.140	6.40	0.07	0.86
LS26	252.20	254.55	2.35	0.070	0.010	0.030	18.50	0.10	0.32
LS26	279.95	283.15	3.20	0.100	0.040	0.060	1.60	0.09	0.22
LS26	283.15	285.90	2.75	0.310	0.040	0.140	4.00	0.02	0.44
LS26	304.70	306.55	1.85	0.070	0.060	0.060	4.60	0.02	0.18
LS26	306.55	308.40	1.85	0.160	0.010	0.020	4.00	0.00	0.21
LS26	308.40	310.27	1.87	0.050	0.060	0.130	3.50	0.05	0.20
LS26	320.00	321.75	1.75	0.250	0.160	0.110	2.80	0.02	0.40
LS26	321.75	324.40	2.65	0.820	0.130	0.200	16.10	0.08	1.16
LS26	324.40	326.45	2.05	0.780	0.230	0.410	19.20	0.14	1.33
LS26	326.45	329.70	3.25	0.040	0.010	0.010	8.50	0.04	0.15
LS26	329.70	332.40	2.70	0.120	0.030	0.030	0.20	0.03	0.17
LS26	332.40	334.30	1.90	0.060	0.040	0.070	25.60	0.09	0.40
LS26	334.30	339.30	5.00	0.020	0.020	0.060	11.30	0.86	0.73
LS26	339.30	344.30	5.00	0.040	0.050	0.010	2.30	0.03	0.10
LS26	344.30	349.30	5.00	0.080	0.060	0.150	4.00	0.01	0.22
LS26	349.30	354.30	5.00	0.030	0.040	0.150	4.70	0.10	0.23
LS26	354.30	359.30	5.00	0.010	0.010	0.020	3.60	0.03	0.08
LS26	359.30	364.30	5.00	0.020	0.090	0.110	0.10	0.01	0.11
LS26	364.30	369.30	5.00	0.030	0.100	0.340	5.70	0.03	0.30
LS26	369.30	374.30	5.00	0.010	0.010	0.050	5.90	0.01	0.10
LS26	374.30	379.20	4.90	0.010	0.010	0.040	1.00	0.01	0.05
LS26	379.20	384.20	5.00	0.010	0.010	0.020	1.00	0.01	0.04
LS26	384.20	389.20	5.00	0.010	0.050	0.030	0.10	0.04	0.07
LS26	389.20	394.20	5.00	0.010	0.040	0.110	3.00	0.05	0.14
LS26	394.20	399.25	5.05	0.010	0.010	0.010	2.60	0.01	0.05
LS26	399.25	401.75	2.50	0.010	0.020	0.090	0.40	0.07	0.11
LS26	401.75	403.45	1.70	0.080	0.080	0.100	5.90	0.02	0.23
LS26	403.45	405.40	1.95	0.720	0.090	0.350	19.90	0.08	1.15
LS26	405.40	407.40	2.00	0.010	0.030	0.020	1.90	0.01	0.06
LS26	497.65	499.65	2.00	0.020	0.020	0.020	1.70	0.00	0.05
LS26	499.65	501.00	1.35	0.510	1.170	1.580	74.50	0.11	2.46
LS26	501.00	502.65	1.65	0.160	0.010	0.020	9.80	0.06	0.30
LS26	541.40	543.40	2.00	0.030	0.020	0.020	3.30	0.02	0.09
LS26	543.40	545.15	1.75	0.160	0.020	0.040	3.00	0.02	0.23
LS26	545.15	546.70	1.55	2.050	0.060	0.140	30.50	0.05	2.45
LS26	546.70	548.65	1.95	0.300	0.090	0.090	7.50	0.02	0.46
LS26	548.65	550.65	2.00	0.250	0.030	0.040	4.40	0.03	0.34
LS26	550.65	551.70	1.05	0.130	0.020	0.030	10.40	0.05	0.28
LS26	551.70	553.65	1.95	0.760	0.100	0.280	18.70	0.04	1.13
LS26	553.65	555.45	1.80	0.470	0.240	0.580	15.40	0.09	1.04
LS26	555.45	556.90	1.45	0.020	0.020	0.020	0.10	0.00	0.04
LS26	556.90	558.65	1.75	0.030	0.010	0.010	0.10	0.02	0.05
LS26	558.65	560.60	1.95	0.110	0.040	0.080	1.80	0.09	0.24
LS26	560.60	562.65	2.05	0.060	0.020	0.020	0.80	0.16	0.19
LS26	562.65	564.60	1.95	0.010	0.010	0.020	1.50	0.01	0.04
LS26	564.60	566.65	2.05	0.090	0.060	0.070	3.20	0.02	0.19
LS26	571.65	572.95	1.30	0.070	0.030	0.040	0.10	0.01	0.11

Hole ID	From	To	Length (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)	Cu Eq1 (%)
LS28	150.00	151.75	1.75	0.070	0.010	0.070	1.90	0.00	0.12
LS28	151.75	155.45	3.70	0.060	0.020	0.050	0.10	0.02	0.11
LS28	157.45	160.70	3.25	0.010	0.020	0.010	0.80	0.01	0.04
LS28	160.70	162.30	1.60	0.020	0.020	0.020	0.80	0.22	0.19
LS28	162.30	164.30	2.00	0.010	0.070	0.010	2.00	0.00	0.06
LS28	164.30	166.70	2.40	0.020	0.060	0.020	1.00	0.03	0.08
LS28	166.70	169.70	3.00	0.020	0.400	0.010	1.40	0.01	0.20
LS28	169.70	172.70	3.00	0.640	0.180	0.050	27.00	0.02	0.99
LS28	172.70	175.70	3.00	0.110	0.070	0.020	8.90	0.02	0.24
LS28	175.70	178.00	2.30	0.190	0.090	0.040	9.30	0.09	0.39
LS28	178.00	181.20	3.20	0.730	0.090	0.080	29.30	0.06	1.11
LS28	181.20	186.00	4.80	0.060	0.060	0.160	4.50	0.06	0.24
LS28	186.00	187.50	1.50	0.750	0.210	0.480	32.70	0.01	1.36
LS28	187.50	189.50	2.00	0.050	0.040	0.120	4.10	0.03	0.18
LS28	189.50	191.50	2.00	0.150	0.060	0.220	7.80	0.04	0.37
LS28	191.50	193.50	2.00	0.070	0.040	0.260	7.40	0.03	0.30
LS28	193.50	195.50	2.00	0.120	0.010	0.130	6.80	0.02	0.26
LS28	195.50	197.55	2.05	0.060	0.040	0.070	5.90	0.06	0.20
LS28	197.55	200.00	2.45	0.040	0.030	0.050	3.30	0.08	0.16
LS28	200.00	202.50	2.50	0.020	0.060	0.120	6.00	0.33	0.37
LS28	202.50	204.60	2.10	0.280	0.400	0.740	15.30	0.12	1.00
LS28	204.60	206.55	1.95	0.330	0.620	1.340	20.00	0.63	1.80
LS28	206.55	209.00	2.45	0.010	0.030	0.030	1.30	0.04	0.07
LS28	209.00	211.85	2.85	0.010	0.020	0.030	0.10	0.00	0.03
LS28	211.85	214.85	3.00	0.040	0.060	0.210	1.80	0.04	0.20
LS28	214.85	217.60	2.75	0.030	0.160	0.160	5.70	0.03	0.24
LS28	217.60	219.60	2.00	0.030	0.040	0.060	4.80	0.05	0.15
LS28	219.60	222.70	3.10	0.010	0.020	0.060	1.60	0.06	0.10
LS28	222.70	225.70	3.00	0.010	0.030	0.070	2.60	0.03	0.10
LS28	225.70	227.70	2.00	0.010	0.020	0.030	1.60	0.01	0.05
LS28	227.70	229.70	2.00	0.020	0.060	0.190	3.60	0.01	0.17
LS28	229.70	231.27	1.57	0.060	0.070	0.240	3.10	0.06	0.27
LS28	231.70	233.70	2.00	1.100	0.050	0.400	16.30	0.06	1.50
LS28	233.70	236.00	2.30	0.120	0.040	0.100	4.20	0.01	0.23
LS28	236.00	238.00	2.00	0.010	0.010	0.110	0.10	0.03	0.09
LS28	284.55	286.55	2.00	0.040	0.200	0.450	3.30	0.00	0.36
LS28	286.55	287.60	1.05	5.160	1.270	4.630	108.20	0.04	8.84
LS28	287.60	289.00	1.40	0.050	0.120	0.430	4.20	0.00	0.34
LS28	289.00	290.20	1.20	3.010	4.410	10.670	157.50	0.08	11.22
LS28	290.20	292.20	2.00	0.110	0.430	0.870	9.10	0.00	0.77
LS28	292.20	294.20	2.00	0.030	0.130	0.340	3.80	0.00	0.27
LS28	294.20	296.30	2.10	0.100	0.200	0.460	7.50	0.03	0.48
LS28	296.30	298.30	2.00	0.170	0.410	0.460	8.60	0.01	0.63
LS28	298.30	299.80	1.50	1.010	2.840	3.770	54.90	0.04	4.41
LS28	299.80	301.50	1.70	3.810	2.570	4.310	99.50	0.08	7.79
LS28	301.50	303.50	2.00	0.320	0.930	1.430	20.30	0.10	1.60
LS28	303.50	305.50	2.00	0.230	0.420	0.490	6.20	0.01	0.69
LS28	305.50	307.50	2.00	1.070	0.680	1.950	30.80	0.07	2.58
LS28	307.50	309.50	2.00	0.050	0.060	0.130	2.80	0.00	0.16
LS28	309.50	311.50	2.00	0.020	0.010	0.030	1.80	0.01	0.06
LS28	311.50	313.50	2.00	0.020	0.010	0.020	3.40	0.00	0.06
LS28	313.50	315.50	2.00	0.130	0.040	0.080	1.60	0.00	0.20
LS28	315.50	317.70	2.20	0.350	0.120	0.170	8.10	0.00	0.55
LS28	317.70	319.20	1.50	0.030	0.110	0.070	4.50	0.00	0.15
LS28	319.20	320.85	1.65	0.180	0.010	0.030	2.70	0.00	0.22
LS28	320.85	322.30	1.45	2.710	0.270	1.220	32.80	0.01	3.69
LS28	322.30	324.30	2.00	0.070	0.170	0.120	4.70	0.01	0.24
LS28	324.30	326.30	2.00	0.140	0.120	0.190	6.70	0.01	0.34
LS28	326.30	328.30	2.00	0.030	0.160	0.480	4.40	0.01	0.36
LS28	328.30	330.30	2.00	0.080	0.290	0.390	8.30	0.01	0.46
LS28	330.30	332.30	2.00	0.590	0.290	0.470	14.10	0.02	1.07
LS28	332.30	334.30	2.00	0.060	0.280	0.460	5.80	0.02	0.45
LS28	334.30	336.30	2.00	0.450	0.630	2.430	16.10	0.02	1.99
LS28	336.30	337.95	1.65	0.120	0.320	0.640	7.10	0.00	0.61
LS28	337.95	339.90	1.95	1.360	1.240	3.410	26.20	0.16	3.79
LS28	339.90	341.10	1.20	4.560	1.240	4.600	61.00	0.15	7.86
LS28	341.10	343.10	2.00	0.020	0.100	0.470	2.30	0.00	0.30
LS28	359.60	361.65	2.05	0.010	0.060	0.070	0.40	0.00	0.07
LS28	361.65	363.65	2.00	0.530	0.660	1.390	10.60	0.00	1.53
LS28	363.65	365.65	2.00	1.640	2.130	5.720	23.60	0.36	5.60
LS28	365.65	367.85	2.20	0.680	3.130	3.500	25.10	0.09	3.82
LS28	367.85	369.80	1.95	0.020	0.030	0.180	0.40	0.04	0.15

---

¹ Copper equivalency has been calculated using the following spot prices: Cu $5,768 /t; Zn $2,707/t; Pb $2,224/t; Au $1,188/oz; Ag $16.50/oz.

 

END

 

 

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