Kinbauri Drills 4.5m Grading 23.4g Au/t, 3g Ag/t and 0.7% Cu, and 7.5m Grading 9.0g Au/t, 57g Ag/t and 2.4% Cu
25 Avril 2008 - 4:22PM
Marketwired Canada
Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) is pleased
to announce more results from its on-going 23,000m underground drilling program
at El Valle in northwestern Spain. Highlights of the assay results from the 107
Area/Black Skarn North zones include:
- 9.4m grading 7.4g Au/t, 3g Ag/t and 0.4% Cu in DDH08KV1082 including 1.7m
grading 20.3g Au/t, 3g Ag/t and 0.1% Cu
- 7.5m grading 9.0g Au/t, 57g Ag/t and 2.4% Cu in DDH08KV1088 including 0.8m
grading 26.0g Au/t, 186g Ag/t and 14.0% Cu
- 4.7m grading 12.0g Au/t, 14g Ag/t and 0.7% Cu in DDH08KV1089 including 1.55m
grading 32.3g Au/t, 39g Ag/t and 1.8% Cu
- 4.45m grading 23.4g Au/t, 3g Ag/t and 0.7% Cu in DDH08KV1092 including 1.55m
grading 32.9g Au/t, 3g Ag/t and 1.2% Cu.
The underground infill program continues to generate excellent results. Assays
received from the latest 11 diamond drill holes are summarized as follows:
--------------------------------------------------------------------------
HOLE From (m) To Interval Au Ag Zone/
(DDH)(1) (m) (m) %(2) (g/t) (g/t) Cu(%) Section(3)
--------------------------------------------------------------------------
08KV1092 134.05 149.70 15.65 99 10.32 2.4 0.45 A107/6
08KV1092 138.70 143.15 4.45 " 23.41 3.0 0.71
Including 141.60 143.15 1.55 " 32.90 3.0 1.21
08KV1092 145.20 149.70 4.50 " 11.21 2.3 0.13
--------------------------------------------------------------------------
08KV1091 211.90 213.50 1.60 77 0.05 less 1.26 A107/11.5
than
1.99
--------------------------------------------------------------------------
08KV1090 37.35 39.90 2.55 " 6.83 39.8 1.01 A107/BSN/
1100
Including 38.60 39.90 1.30 " 10.80 62.4 1.56
08KV1090 43.55 51.60 8.05 " 3.34 14.6 0.43
Including 45.25 48.55 3.30 " 6.49 27.1 0.81
08KV1090 58.25 62.60 4.35 " 3.48 8.3 0.22
--------------------------------------------------------------------------
08KV1089 56.30 61.00 4.70 88 12.04 14.2 0.65 A107/BSN/
1100
Including 59.45 61.00 1.55 " 32.30 38.6 1.76
08KV1089 81.35 83.70 2.35 " 10.68 17.6 0.87
Including 81.35 82.50 1.15 " 16.75 14.1 0.77
--------------------------------------------------------------------------
08KV1088 13.45 15.00 1.55 78 1.70 23.9 1.15 A107/BSN/
1100
08KV1088 41.45 69.20 27.75 " 4.08 20.8 0.79
Including 61.70 69.20 7.50 " 9.01 57.1 2.4
Including 65.60 66.40 0.80 " 26.00 186.0 14.00
--------------------------------------------------------------------------
08KV1087 No intercepts greater than 2 g/t Au eq A107/11.5
--------------------------------------------------------------------------
08KV1086 138.00 140.00 2.00 56 4.31 28.6 1.71 A107/5
--------------------------------------------------------------------------
08KV1085 No intercepts greater than 2 g/t Au eq BSN/1100
--------------------------------------------------------------------------
08KV1084 48.05 57.00 8.95 76 3.61 20.3 0.87 A107/BSN/11
Including 48.05 49.50 1.45 " 5.58 29.6 1.51
08KV1084 72.90 74.00 1.10 " 1.50 19.0 1.92
--------------------------------------------------------------------------
08KV1082 136.70 146.10 9.40 78 7.41 3.3 0.41 A107/5
Including 142.70 144.40 1.70 " 20.33 3.0 0.07
08KV1082 161.40 166.10 4.70 " 7.33 0.9 0.24
Including 161.40 162.95 1.55 " 11.40 1.1 0.44
08KV1082 170.65 171.80 1.15 " 8.24 0.2 0.03
08KV1082 172.60 176.00 3.40 " 2.10 0.2 0.04
--------------------------------------------------------------------------
08KV1079 120.50 122.90 2.40 60 4.58 16.2 0.94 BSN/775
08KV1079 128.55 151.00 22.45 " 2.01 15.8 0.69
Including 131.80 133.50 1.70 " 3.00 40.0 2.25
Including 138.00 139.50 1.50 " 6.09 21.0 0.69
Including 142.55 145.65 3.10 " 2.62 20.5 1.32
--------------------------------------------------------------------------
(1) See Schedules A and B for Location. (2) Percentage estimate of True
Thicknesses. (3) 107 is Area 107, 107W is Area 107 West and BSN is
Black Skarn North
DDH08KV1079 (Schedule B, sec 775) extends the West Area of BSN along strike
another 50m to the south of DDH08KV1059, which also intersected 14.3m (true
width) of skarn grading 2.3g Au/t, 15g Ag/t and 0.79% Cu (press release of March
7th, 2008). Taken together, the results from 1059 and 1079 confirm the
probability of extending BSN along the west flank of the intrusive, which BSN
flanks, and adding substantially to the BSN resources at El Valle.
DDH08KV1084 (Schedule A, sec 11) indicates that skarn mineralization is still
open at depth in the South Area of BSN. DDHs 08KV1087 and 08KV1091 (Schedule A,
sec 11.5) suggest the up-dip termination of Area 107 near Area's 107's
easternmost extent.
DDHs 08KV1082, 08KV1086 and 08KV1092, all in-fill holes in the South Area of BSN
(Schedule A, sec 5 and 6), confirm high grade gold values to be found in 107,
commonly supplemented by meaningful copper values. DDHs 08KV1085, 08KV1088 and
08KV1090, in-fill holes located in the central area of Black Skarn North
(Schedule B, sec 1100), confirm the continuity of ore grade Au-Ag-Cu
mineralization there.
Analysis of drill results to date show a continuation of enhanced Au-Cu values
where Area 107 intersects the Black Skarn North. This could lead to a
potentially significant increase in resources for Area 107.
The underground drill program at El Valle is being supervised by Mr. Santiago
Gonzalez-Nistal, Kinbauri Espana's senior geologist, with quality control being
provided by Dr. C. F. Gleeson, P. Eng., Kinbauri's Vice-President of
Exploration: both are qualified persons as defined by N.I. 43-101. Details of
Kinbauri's Assay and Quality Assurance Programs are reported in a press release
of February 27th, 2008. This press release was prepared by Drs V. N. Rampton, P.
Eng and C. F.
Gleeson, P. Eng. in their capacity as qualified persons. Dr. Rampton will record
a "Beyond The Press Release" on the Company's official Investor Relations Site
at http://www.agoracom.com/IR/kinbauri. The recording is expected to be
available on or after April 25th, 2008.
Kinbauri is a TSXV - Tier 1 Mineral Exploration Company focused on the
development of mineral properties, primarily precious metal prospects in
northwestern Spain, Nevada and Canada. Its immediate focus is to expand and
upgrade resources to reserves at the El Valle property in Asturias, Spain in
order to start operations at the mine and existing mill complex there in 2010.
It currently has 45,499,876 common shares issued and outstanding.
THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP. THE TSX VENTURE EXCHANGE
DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release contains certain forward-looking statements, which are based
on the opinions and estimates of management at the date the statements are made,
and are subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those projected.
Kinbauri undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking statements.
VISIT: Kinbauri Gold's Hub at http://www.agoracom.com/IR/kinbauri where
investors can post questions and receive answers or review questions and answers
already posted by other investors.
Schedule A is available at the following address:
http://media3.marketwire.com/docs/ScheduleA_0425.pdf
Schedule B is available at the following address:
http://media3.marketwire.com/docs/ScheduleB_0425.pdf
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