Herald's Zinc/Lead drilling in N. Sumatra resumes with high grade

Australian listed miner Herald Resources Ltd. announced Friday its 71 percent owned subsidiary which was listed in Canadian Venture Exchange International Annax Ventures Inc. had commenced the year 2001 drilling program at the Dairi Zinc/ Lead project in North Sumatra, and would achieve cost savings in positioning the drill rig, by sharing a helicopter under contract to the nearby Anglo/Normandy joint venture project.

In its statement Herals said year 2001 drilling program would be focused toward expanding the previously announced Anjing Hitam indicated resource of 7.5 million tonnes grading 16.7% zinc, 10.3% lead (27.0% combined zinc-lead) and 14g/t silver, plus an additional inferred resource of 2.5 million tonnes grading 11.3% zinc, 6.8% lead (18.1% combined zinc-lead) and 13g/t silver.

The statement said this year's initial hole would test the extension of high-grade zinc-lead sedex mineralisation approximately 120 metres down dip of hole that assayed 15.6% zinc and 9.1% lead (24.7% combined zinc-lead) over 6.6 metres.

The Anjing Hitam zone, which remains open in several directions, is located at the southern end of the 3.5 kilometre-long Sopokomil sedex horizon. North of the Anjing Hitam zone, 8 widely-spaced exploratory drill holes collared over a 2.7 kilometre strike length have intersected significant sedex-style zinc-lead mineralisation. This drilling has identified the Base Camp and Bongkaras zones.

Notable was hole SOP45D, the last hole drilled in the Year 2000 program, with a 5.5 metre intersection grading 14.6% zinc and 8.5% lead (23.1% combined zinc-lead) in the Bongkaras zone, located in the northern most exposure of the Sopokomil horizon.

Dairi project is 80 percent owned by Annax while the rest is held by Indonesia's Aneka Tambang.(*)