Eurotin Intersects Over 100 Metres of Tin Mineralisation in Drill Hole ORPD 121 at Its Oropesa Project
16 Mai 2012 - 2:00PM
Marketwired Canada
Eurotin Inc. ("Eurotin" or the "Company") (TSX VENTURE:TIN), is pleased to
provide the following drill results and update on its Oropesa tin project,
located in SW Spain.
Drilling Highlights:
ORPD 121: 29.2m @ 0.82% Sn from 245.6m
ORPD 105: 8.2m @ 1.54% Sn from 157.7m
ORPD 107: 6.9m @ 1.11% Sn from 138.4m
ORPD 110: 9.3m @ 0.79% Sn from 137.6m
ORPD 115: 8.2m @ 0.84% Sn from 169.1m
ORPD 117: 14.7m @ 0.69% Sn from 233.3m
Other Highlights:
-- The drilling of large diameter drill holes for metallurgical testwork
commenced in the second week of May.
-- Drill hole ORPD 121 intersects over 107.8 metres of mineralisation with
a grade exceeding 0.41% tin, including 29.2 metres at 0.825 % Sn.
The most recent drill results are shown below:
----------------------------------------------------------------------------
Est.
True Tin -
Dip & From To Length Width Sn
Hole No. Azimuth (m) (m) (m) (m) (%) Comment
----------------------------------------------------------------------------
ORPD-96 60 Also: 0.38% Cu,
degrees 2.24% Pb, 5.25%
@ 200 Zn and 115g/t
degrees 95.2 99.2 4.0 0.39% Ag
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-98 60
degrees
@ 200 Far west
degrees NSV Oropesa
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-99 60
degrees
@ 200 Top of Primary
degrees 62.2 67.1 4.9 4.4 0.68% Structure
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-100 60
degrees
@ 200
degrees 13.2 31.4 18.2 0.28% Upthrown block
----------------------------------------------------------------------------
63.8 65.8 2.0 0.51%
----------------------------------------------------------------------------
117.6 118.6 1.0 0.70%
----------------------------------------------------------------------------
121.7 124.7 3.0 0.65%
----------------------------------------------------------------------------
133.3 143.4 10.1 0.44%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-101 60
degrees
@ 200 Top of Primary
degrees 154.9 158.9 4.0 3.6 0.72% Structure
----------------------------------------------------------------------------
289.3 299.1 9.8 0.27%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-102 60
degrees
@ 200
degrees 128.4 131.1 2.7 0.31% Upthrown block
----------------------------------------------------------------------------
140.0 147.0 7.0 0.53%
----------------------------------------------------------------------------
152.0 157.1 5.1 0.32%
----------------------------------------------------------------------------
161.5 166.2 4.7 0.68%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-103 60
degrees
@ 200
degrees 99.6 106.5 6.9 0.54%
----------------------------------------------------------------------------
112.1 123.9 11.8 0.45%
----------------------------------------------------------------------------
244.6 253.7 9.1 0.21%
----------------------------------------------------------------------------
266.1 274.2 8.1 0.24%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-104 60
degrees
@ 200
degrees 213.8 219.0 5.2 0.67% Upthrown block
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-105 60
degrees
@ 200 Primary
degrees 92.5 97.2 4.7 4.2 1.86% Structure
----------------------------------------------------------------------------
Primary
157.7 165.9 8.2 7.4 1.54% Structure
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-106 60
degrees
@ 200
degrees 88.2 144.1 55.9 0.20%
----------------------------------------------------------------------------
181.3 206.7 25.4 0.29%
----------------------------------------------------------------------------
Top of Primary
258.3 259.3 1.0 0.9 0.86% Structure
----------------------------------------------------------------------------
268.6 271.7 3.1 0.62%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-107 60
degrees
@ 200 Top of Primary
degrees 97.3 98.5 1.2 1.1 1.52% Structure
----------------------------------------------------------------------------
100.5 103.6 3.1 0.39%
----------------------------------------------------------------------------
Primary
138.4 139.2 6.9 6.2 1.11% Structure
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-108 60
degrees
@ 200
degrees 101.8 119.6 17.8 0.44%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-109 60
degrees
@ 200 Primary
degrees 40.5 44.5 4.0 3.6 0.97% Structure
----------------------------------------------------------------------------
78.3 93.2 14.9 0.36%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-110 60
degrees
@ 200
degrees 62.9 64.9 2.0 0.39%
----------------------------------------------------------------------------
Primary
137.6 146.9 9.3 8.4 0.79% Structure
----------------------------------------------------------------------------
Top of Primary
158.3 161.3 3.0 2.7 1.50% Structure
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-111 60
degrees
@ 200 Primary
degrees 6.9 11.3 4.4 4.0 0.55% Structure
----------------------------------------------------------------------------
44.6 59.2 14.6 0.27%
----------------------------------------------------------------------------
185.0 187.1 2.1 0.65%
----------------------------------------------------------------------------
Primary
194.6 202.6 8.0 7.2 0.57% Structure
----------------------------------------------------------------------------
Primary
212.7 219.5 6.8 6.1 0.81% Structure
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-115 60
degrees
@ 200
degrees 110.3 114.5 4.2 0.58%
----------------------------------------------------------------------------
Primary
169.1 177.3 8.2 7.4 0.84% Structure
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-117 60
degrees
@ 200 Primary
degrees 233.3 248.0 14.7 13.2 0.69% Structure
----------------------------------------------------------------------------
----------------------------------------------------------------------------
ORPD-121 60
degrees
@ 200
degrees 139.0 219.6 80.6 0.26%
----------------------------------------------------------------------------
Primary
245.6 274.8 29.2 26.3 0.82% Structure
----------------------------------------------------------------------------
Notes:
1: A cut off grade of 0.20% tin has been used in the above table.
2: True widths for Replacement Structures not ascertained due to
irregular shaped mineralized envelopes.
3: Figures shown in bold represent significant tin results of Width (m)
x Grade (%) exceeding a value of 6 and having a grade exceeding 0.65%
tin.
To view the map associated with this press release, please visit the following
link: http://media3.marketwire.com/docs/eurotin_drillholes.pdf
Conclusion
Peter Miller, President & CEO, comments: "Drilling continues to add support to
our long held belief that the Oropesa property hosts a large, open pittable, tin
resource. In addition, a re-evaluation currently underway of the Oropesa
geological model has indicated promising new targets, which will be drill tested
in the months ahead."
Assay and QA/QC Methodology for Oropesa Drill Core
All core produced is taken daily from each drill site to the Company's secure
facility in Fuente Obejuna, where it is logged by the Company's geologists. This
process takes place under the supervision of Qualified Person Victor Guerrero
Merino, Euro. Geol.
The core, usually of around one metre length, which is chosen by the Company's
geologists for assaying, is then cut in half either at the Company's own
facilities at Fuente Obejuna or at ALS Chemex's sample preparation facility in
Seville in southern Spain.
At the ALS Chemex facility, the cut core is logged into the in house LIMS
tracking system, after which each sample is prepared using procedure code 'Prep
31'. This procedure involves the drying, weighing and fine crushing to 70%
passing -2mm. A 250g split of the crushed material is then pulverised to greater
than 85% passing 75 microns. Samples are then shipped by bonded courier to
Vancouver for analysis.
In Vancouver, ALS Chemex procedure ME-XRF10 is used for tin analysis and
ME-ICP61 for multi-element (33) analysis. The ME-XRF10 procedure uses 0.9g of
calcined sample pulp, which is mixed with 4.5g of lithium tetraborate and 4.5g
of lithium metaborate. This mixture is then fused at 1,100 degrees C to produce
a flat molten disc, which is subsequently analysed by XRF spectrometry. ALS
Chemex analyses its own standard samples and blanks, plus duplicates, within
each set of samples provided by the Company. The Company has recently introduced
its own blanks and standards as a further means of checking the accuracy of the
assay results. One in every 15 samples analysed by ALS Chemex is then sent to
SGS's laboratories in Cornwall, UK, for check assaying for tin. The Company
keeps all its sample pulps and rejects in locked steel containers at its secure
storage facility in Fuente Obejuna.
The Company recently completed a new check assay program using five certified
laboratories. The pulp sample composites used had varying tin grades; the
accuracy of the results obtained was within acceptable parameters.
Mr. Victor Guerrero Merino, an independent geological consultant and a Qualified
Person pursuant to NI 43-101, has reviewed and approved the technical
information in this news release on behalf of the Company.
Forward-Looking Statements
Results presented in this press release are exploratory in nature. Historical
data, if mentioned, should not be relied upon, as they are not admissible under
NI 43-101 rules and the Company has not conducted sufficient testing to verify
this type of information. In addition, this press release includes certain
forward-looking statements within the meaning of Canadian securities laws that
are based on expectations, estimates and projections as of the date of this
press release. There can be no assurance that such statements will prove
accurate, and actual results and developments are likely to differ, in some case
materially, from those expressed or implied by the forward-looking statements
contained in this press release. Readers of this press release are cautioned not
to place undue reliance on any such forward-looking statements.
Forward-looking statements contained in this press release are based on a number
of assumptions that may prove to be incorrect, including, but not limited to:
timely implementation of anticipated drilling and exploration programs; the
successful completion of new development projects, planned expansions or other
projects within the timelines anticipated and at anticipated production levels;
the accuracy of reserve and resource estimates, grades, mine life and cash cost
estimates; whether mineral resources can be developed; title to mineral
properties; financing requirements, general market conditions, and the
uncertainty of access to additional capital; changes in the world-wide price of
mineral commodities; general economic conditions; and changes in laws, rules and
regulations applicable to the Company. In addition to being subject to a number
of assumptions, forward-looking statements in this press release involve known
and unknown risks, uncertainties and other factors that may cause actual results
and developments to be materially different from those expressed or implied by
such forward-looking statements. The Company has no intention or obligation to
update the forward-looking statements contained in this press release.
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