AMI Resources Drills 24m of 3.08g/t Gold including 8.87g/t over 7m and
11.40g/t Gold over 6m including 21.77g/t over 3m
VANCOUVER, March 30 /CNW/ - The Company wishes to announce that it has completed its initial drill program towards earning its 51% interest in the Sirba Gold Project in Niger from Golden Star Resources.
The 25 hole drill program was designed to confirm and extend gold mineralization identified in five of the multiple targets located on both the Tialkam and Deba concessions. (see link below). Results from holes drilled in each targeted area are listed below:
The Congo Toure Zone: The drilling target was EW trending quartz veins hosted in a series of mafic tuffs and volcanic rocks, which contain 2-3%, disseminated sulphides. Historic drilling had intersected gold mineralization in quartz vein systems and in host rock, both in the oxide and fresh zones.
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Hole ID Depth From To Au / length Comments
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CTRC001 104 26 30 0.70 g/t / 4m
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CTRC002 100 79 83 1.11 g/t / 4m
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96 100 1.71 g/t / 3m Hole ended in
mineralization. Last
m 3.76 g/t.
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CTRC003 100 70 73 2.18 g/t / 3m
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- These results were previously published in the March 10th, 2010 News
Release.
The Tialkam South Zone: This exploration target is a cluster of soil anomalies that coincides with a zone of intense artisanal mining activities. The geology is composed of strongly weathered mafic sediments with 1-2% disseminated sulphides.
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Hole ID Depth From To Au / length Comments
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TSRC001 102 3 9 2.08 g/t / 6m
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68 76 1.10 g/t / 8m
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TSRC002 126 49 73 3.08 g/t / 24m Including 8.87 g/t over 7 m
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98 102 1.05 g/t / 4m Hole ended in
mineralization. Last
m 1.44 g/t.
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TSRC003 70 69 82 2.60 g/t / 13m
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TSRC004 100 29 37 1.09 g/t / 8m Including 1.71 g/t / 4m
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TSRC005 100 No significant
intersections.
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* Holes TSRC001, TSRC002 and TSRC003 were previously reported in the
March 10th, 2010 News Release.
The Kokoloukou Zone: The drilling has been executed over a large cluster of soil anomalies, near four historic drill holes with gold values in an EW trending fracture and nearby artisanal mining sites.
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Hole ID Depth From To Au / length Comments
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KORC001 80 12 18 1.93 g/t / 6m
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24 36 0.90 g/t / 12m
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KORC002 80 15 20 1.02 g/t / 5m
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25 36 1.20 g/t / 11m
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The Deba Zone: Historic drilling has intersected 71m @0.43 g/t Au and was stopped in mineralization. Two holes around this location have been executed to confirm and extend the gold mineralization and two other holes over an anomalous zone composed of a mafic unit with silica alteration and quartz veining.
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Hole ID Depth From To Au / length Comments
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DBRC001 36 33 36 1.62 g/t / 3m Hole ended in
mineralization. Last
m 1.47 g/t.
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DRRC002 81 No significant
intersections.
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DBRC003 70 No significant
intersections.
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DBRC004 60 15 19 3.30 g/t / 4m
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30 37 0.94 g/t / 7m
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The Sefa Nangue Zone: The Japanese International Cooperation Agency (JICA) has intersected a multitude of gold bearing quartz veins oriented E-W over a width of 500 meters and a length of approximately 2 kilometers. JICA had reported a NI 43-101 non-compliant resource of 2.4 million tons grading 2.06 g/t Au from the 5126 m of core drilling executed at Sefa Nangue. However a qualified person has not done sufficient work to classify the above historical estimate as a current mineral resource. The Company is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. Eleven drill holes were executed by AMI, which confirms and extends this mineralization.
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Hole ID Depth From To Au / length Comments
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SFRC001 80 14 15 1.91 g/t / 1m
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20 24 1.16 g/t / 4m
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42 44 1.42 g/t / 2m
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SFRC002 80 No significant
intersections.
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SFRC003 65 18 24 11.40 g/t / 6m Including 21.77 g/t / 3m
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38 56 1.89 g/t / 18m Including 3.20 g/t / 6m
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63 65 4.76 g/t / 2m Hole ended in
mineralization. Last
m 3.63 g/t.
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SFRC004 81 69 75 1.19 g/t / 6m
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80 81 1.21 g/t / 1m Hole ended in
mineralization.
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SFRC005 120 10 13 1.04 g/t / 3m
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26 34 3.37 g/t / 8m Including 5.54 g/t / 4m.
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68 70 1.68 g/t / 2m
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98 100 2.63 g/t / 2m
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105 107 3.03 g/t / 2m Hole ended in
mineralization.
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SFRC006 94 4 20 1.04 g/t / 16m
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34 47 1.24 g/t / 13m Including 2.74 g/t / 3m.
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64 68 1.87 g/t / 4m
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SFRC007 120 15 21 4.45 g/t / 6m Including 8.37 g/t / 3m.
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67 70 1.53 g/t / 3m
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85 95 1.66 g/t / 10m Including 2.52 g/t / 4m.
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107 120 3.37 g/t / 13m Including 6.30 g/t over
last 4m.
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SFRC008 100 30 37 1.49 g/t / 7m
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SFRC009 100 85 91 2.18 g/t / 6m
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SFRC010 75 42 54 3.15 g/t / 12m Including 4.04 g/t / 7m.
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SFRC011 52 27 30 1.75 g/t / 3m
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- All lengths are down-the-hole lengths; additional information is
required to determine true widths. Samples are 1 m samples fire assayed
at SGS Labs in Ouagadougou, Burkina Faso.
Claude Jobin, P.Eng M.Sc. AMI's consulting geologist, who is a qualified person within the meaning of National Instrument 43-101, has reviewed the scientific and technical information contained in this press release. Mr. Jobin is preparing a final drilling report with conclusions and recommendations for future exploration programs.
Management is highly encouraged with the latest drill results and is looking forward to the possibility of establishing a number of near surface gold deposits at the Sirba Gold Project.
http://files.newswire.ca/872/Sirba.pdf
We seek safe harbour.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For further information: Dustin Elford, President, (604) 669-2901, www.amiresources.com
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