Miocene Metals Reports Results of Sampling on MacKenzie Copper-Gold property
09 Décembre 2011 - 1:30PM
PR Newswire (Canada)
TORONTO, Dec. 9, 2011 /CNW/ - Miocene Metals Limited (the "Company"
or "Miocene Metals") today announced assay results from samples
collected at the end of the summer 2011 work program from a 120
metre long section at the southern end of 1,200 metre long
mineralized system on its MacKenzie Property in Southwestern
BC. The results from an area recently exposed by melting snow
and ice cover confirm and extend the limits of the extensive
fracture-controlled copper-gold mineralized system on the property.
Assay results from six grab samples of this part of the system
range from 1.92% to 8.66% copper. Complete assay results for the
six samples are given in the table below.
________________________________ |Sample # | Cu | Au | Ag | Mo |
|_________|____|_____|_____|_____| | |(%) |(g/t)|(g/t)|(ppm)|
|_________|____|_____|_____|_____| |A00043834|5.49|0.443| 9.22|
8.93| |_________|____|_____|_____|_____| |A00043835|8.66|0.051|
2.13| 9.32| |_________|____|_____|_____|_____|
|A00043836|1.92|0.009| 0.85| 9.75|
|_________|____|_____|_____|_____| |A00043837|3.30|0.024| 5.74|
18.2| |_________|____|_____|_____|_____| |A00043838|4.07|0.263|
9.64| 35.9| |_________|____|_____|_____|_____|
|A00043839|1.96|0.284| 12.3| 283|
|_________|____|_____|_____|_____| The observed metal association
and the spatial relationship of the mineralization with a network
of mineralized, fine-grained granodiorite dykes that cross-cut the
older Coastal Range batholith rocks on the property is highly
suggestive of a porphyry origin to the mineralization. Commenting
on the results, Bruce Jago, President and CEO of Miocene stated,
"This summer's work program has greatly increased our understanding
of the mineralization on the property, which has now been
demonstrated to extend over an area of 700 x 1200 metres. Although
the early onset of winter conditions did not allow for drill
testing of the mineralization this season, a drill platform has
been established and we look forward to drill testing it early in
the 2012 season." A map showing the sample locations, and proposed
drill site as well as photographs of the mineralization can be seen
on the Miocene Metals website at www.miocenemetals.com. The grab
sample assay results quoted above represent samples of
mineralization collected from outcrop by Miocene Metals
staff. Grab samples are selective by nature and are unlikely
to represent average grades on the property. In each case samples
of mineralized outcrop weighing approximately 0.5 to 2 kg were
collected using a rock hammer. The rock samples for which assay
results are reported in this press release were crushed to 70%
passing 2 mm, after which a split was taken with a riffle splitter
and pulverized to 85% passing 75 microns. The samples were
then analyzed for 48 elements using Chemex's ME-MS61 package, which
is an inductively-coupled plasma mass spectrometry (ICP-MS) method
utilizing a near total four acid digestion. The samples were
assayed for Au by standard lead collection/fire assay fusion
(Au-ICP21) using a 30 gram pulp split and an inductively-coupled
plasma atomic emission spectrometry (ICP-AES) finish. The Qualified
Person responsible for the technical content of this press release
is Jose Sayo Garcia, P.Geo, Vice President Exploration of Miocene
Metals. About Miocene Metals Limited Miocene Metals is focused on
the exploration and development of seven porphyry
copper-gold-molybdenum properties in south-western British Columbia
that occur within the Tertiary-aged Cascade Magmatic Arc. The
Cascade Arc shares many geological characteristics with
Tertiary-age porphyry belts that stretch the length of Chile and
Peru in South America and hosts some of the world's largest
porphyry copper-gold-molybdenum deposits. The Cascade Magmatic Arc
hosts a number of significant porphyry Cu-Au and Mo deposits in
Washington State, and Alaska (Glacier Peak and Margaret, and Quartz
Hill respectively) but remains largely unexplored in British
Columbia. Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS This news release contains
forward-looking information that involves substantial known and
unknown risks and uncertainties, most of which are beyond the
control of the Corporation, including, without limitation, those
listed under "Risk Factors" and " Forward-Looking Statements" in
the Corporation's Final Prospectus (collectively, "forward-looking
information"). Forward-looking information in this news release
includes, but is not limited to, information concerning the
Corporation's expectations and estimates regarding the
Corporation's drilling program. The Corporation cautions investors
about important factors that could cause actual results to differ
materially from those projected in any forward-looking statements
included in this news release. Any statements that express, or
involve discussions as to, expectations, beliefs, plans,
objectives, assumptions or future events or performance are not
historical facts and may be forward-looking and may involve
estimates, assumptions and uncertainties which could cause actual
results or outcomes to differ materially from those expressed in
such forward-looking statements. No assurance can be given that the
expectations set out in the Corporation's Final Prospectus or
herein will prove to be correct and accordingly, prospective
investors should not place undue reliance on these forward-looking
statements. These statements speak only as of the date of this
press release and the Corporation does not assume any obligation to
update or revise them to reflect new events or circumstances. The
Corporation disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, save and except as may be
required by applicable securities laws. Miocene Metals
Limited CONTACT: Please visit the Miocene Metal's website
atwww.miocenemetals.com, orcontact:Miocene Metals LimitedBruce C.
Jago, Ph.D., P.GeoPresident and CEO of Miocene Metals(604) 654-2581
or bjago@miocenemetals.com
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