Release: Herald Resources: Dairi project update
Monday, March 21 2005 - 05:17 AM WIB
Sinar Pagi ? Anomaly further enlarged, drilling to test
March 21, 2005 ? Recent sampling on a 100m x 25m grid of the northwest extension of the Maromas A soil geochemical anomaly at Sinar Pagi has now extended this anomaly to a total strike length of 1.5 km with the anomaly remaining open to the northwest. The width of the anomaly ranges up to 500m. The soil sampling was conducted in the C horizon.
Metal values within the soils range up to 2.26% Zn and 1.25% Pb, which are significant for this type of sampling. Geologically the anomaly appears to be stratabound and is associated with quartz veining within a carbonate unit.
It is planned to move a diamond drill rig to the Sinar Pagi area in the near future to commence testing of this encouraging anomaly, as part of an ongoing exploration program planned for the coming quarter at the Dairi Project.
The Sinar Pagi prospect is located 20km NNW of the high-grade Anjing Hitam deposit, the subject of the recently completed Feasibility Study for a 1mtpa operation producing 220,000t and 100,000t of zinc and lead concentrates annually, and in relation to which discussions with financiers and offtake parties are underway. (end of release)
Source: Herald Resources Limited