Artha Advances Gold-Silver-Base Metals Target-Drilling to Begin
09 Mai 2011 - 10:00PM
Marketwired
Artha Resources Corporation (TSX VENTURE: AHC) is pleased to
announce that the company has completed detailed surface mapping
and sampling on its Ivan Alberto Prospect in Jujuy Province, NW
Argentina (Map 1) with impressive gold-silver-base metal anomalies
continuing to be delivered providing further strong supporting
evidence that a very large polymetallic mineralized system is
present. Gold and silver dominate the targets with single rock chip
samples returning up to 7 g/t gold in the latest program. Drilling
is scheduled to begin this month with a contract signed with
Energold Drilling.
-- The Ivan Alberto prospect was discovered by Artha in 2010 with a 4km by
1km zone of polymetallic multi-quartz veining, stockworking and
alteration identified.
-- Follow-up sampling has now been completed during the March-April 2011
program.
-- Geological mapping has identified a well defined epithermal vein system
at least 3.5km in length where 10 main mineralized structures and
accessory sheeted veins occur.
-- The geochemical signature of the veins is typical of a Copper-Zinc-Lead-
Gold-Silver epithermal system.
-- Four zones have been identified for drilling within the 4km long system.
-- Zone 3 is located in the northeastern part of the system, has a length
of 900m and has a strong polymetallic metal association of Au-Cu-Zn-Pb-
Ag. Zone 3 provides an excellent drilling target due toits size and the
gold values reported (1-7 g/t Au). There are some reported Ag values up
to 30.4 g/t in the Eva Vein.
-- Initial 3,000 meter diamond drilling program is scheduled to begin this
month.
Mineralized System
Geological mapping has identified a well defined epithermal vein
system striking N40-65E and at least 3.5 km in length where 10 main
mineralized structures and accessory sheeted veins occur: Eva,
Morocha, Ivana, Mercedes, Colorada, Liliana, Mariana, Irene, Linda
y Morena. The veins parallel the bedding and dip 45-85SE; vein
thickness ranges between 0.15-5.0m.
The mineralization consists of base metal sulphides, including
sphalerite, galena, chalcopyrite and arsenopyrite, and usually
occurs disseminated in quartz veins and in banded textures. Gold
occurs in native form in submicroscopic particles. Gangue minerals
include pyrite, pyrrhotite, quartz (milky, hyaline and drussy
quartz), barite and calcite. Abundant disseminate iron oxides:
hematite, goethite, jarosite and manganese oxides occur, in
boxworks, fractures and vugs.
The alteration assemblage is characterized by weak sericite,
clays, kaolinite, silica and pyrite and forms a 1 to 4 meter thick
halo in the walls of the veins. A weak supergene argillization is
very common in the mineralized area.
A total of 856 rock samples have been collected from the Ivan
Alberto prospect and been assayed for Au and 48 other elements at
the ALS Chemex lab in Mendoza, Argentina. Four key zones have been
identified for drilling which have a characteristic metal
association (Map 2).
With advanced drill ready targets and a large, highly
prospective land position in Argentina,the Company has
strategically decided to drop its option on the Wyoming
uraniumproperties and focus its resources in Argentina.
Charles Straw, B.Sc., is the qualified person under NI 43-101
responsible for the technical information in this news release.
Artha was founded by a team of mining industry professionals
with a proven track record in project generation, exploration,
mining and finance. The Company's principle exploration target
adjoins Silver Standards Pirquitas Mine, one of the largest primary
silver mines in the world located in the province of Jujuy in NW
Argentina. Artha is one of the largest mineral explorers in this
region with over 2,100 square kilometers of properties prospective
for silver, gold, base metals and rare earths.
To view Map 1 and Map 2, please click on the following link:
http://media3.marketwire.com/docs/a59.pdf
On Behalf of the Board of Directors,
Todd McMurray, President
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.
Contacts: Artha Resources Corporation Todd McMurray President,
Director 1 604 648 1530 todd@artharesources.com
www.artharesources.com Artha Resources Corporation Ahna Kim
Corporate Communications 1 604 648 6242 ahna@artharesources.com
www.artharesources.com
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