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DOT Intersects Higher Grade Copper-Gold Mineralization
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CALGARY, ALBERTA--(Marketwire - Feb. 8, 2010) - DOT Resources Ltd. (TSX VENTURE:DOT) ("DOT" or the "Corporation") is pleased to announce the results of 7 of 15 diamond drill holes ("DDH") from its recently completed diamond drilling program on its 100% owned Dot porphyry copper property (the "Property") located 17 kilometres south of the Highland Valley Mining District, in central British Columbia (see Figure 1).
The main focus of the 2009 and 2010 diamond drilling program was to test the extensions of the copper-gold-silver mineralization previously outlined in the Southeast Zone, confirm the continuity of the copper mineralization in the Northwest Zone and test several Induced Potential chargeability anomalies previously outlined on the West Zone. Analytical results for the 8 DDH completed on the West Zone are expected by the end of February, 2010.
Drilling Highlights:
- 0.71% copper, 0.92 g/t gold, and 7.24 g/t silver over 50.35 metres in the Southeast Zone,
- Continuity of the copper-silver mineralization in the Northwest Zone established.
Northwest Zone
The drilling program on this zone was designed to test the continuity both along strike and at depth of the copper mineralization intersected by diamond and reverse circulation drilling programs completed prior to 2007. The weighted average grade of the mineralized intervals in the Northwest Zone was estimated using a 0.05% copper cut-off grade. The apparent length and weighted average grades for the two DDH drilled on this zone are set out in Table 1.
Table 1 - Northwest Zone Diamond Drilling Results
----------------------------------------------------------------------------
Northwest Zone Total From To
----------------------------------------------------------------------------
DDH # Northing Easting Azimuth Dip Depth (m) (m) (m)
----------------------------------------------------------------------------
DOT-09-NW-05 5576475 653150 235 -60 249.3 79.77 87.58
164.58 175.25
----------------------------------------------------------------------------
DOT-09-NW-06 5576400 653200 235 -60 249.3 98.03 152.61
including 98.03 103.02
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Northwest Zone Interval Copper Gold Silver
----------------------------------------------------------------------------
DDH # (m) (%) (g/t) (g/t)
----------------------------------------------------------------------------
DOT-09-NW-05 7.81 0.15 0.02 0.52
10.67 0.22 0.02 0.68
----------------------------------------------------------------------------
DOT-09-NW-06 54.58 0.35 0.04 2.97
4.99 1.84 0.12 21.27
----------------------------------------------------------------------------
The intervals set out in the above table are not true widths.
The two DDH completed on this zone have confirmed the down-dip continuity of the copper mineralization intersected in the historical analytical drill holes.
In DDH DOT-09-NW-05 native copper occurs with thin quartz hematite veins and veinlets in moderate potassic and argillic altered granodiorite.
In DDH DOT-09-NW-06, trace native copper, chalcopyrite and more abundant bornite occur in thin quartz-hematite veinlets in granodiorite exhibiting moderate to strong argillic and potassic alteration.
Southeast Zone
The 5 DDH completed in the Southeast Zone intersected the strike and down dip extension of the previously reported mineralized intersection within this zone (see Table 2). The diamond drilling has provided greater understanding of the geometry of the mineralized zone.
DDH DOT-09-SE-09 and DDH DOT-09-SE-11 intersected significantly higher concentration of copper-gold and silver than was previously intersected by the diamond drilling completed on this zone. Copper mineralization occurs as veinlets and disseminated chalcopyrite and bornite and in thin quartz veinlets throughout the mineralized intervals in moderate argillic and potassic altered granodiorite. The zone of copper mineralization is open along strike to the southeast and at depth.
Table 2 - Southeast Zone Diamond Drilling Results
----------------------------------------------------------------------------
Southeast Zone Depth
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DDH # Northing Easting Azimuth Dip (m)
----------------------------------------------------------------------------
DOT-09-SE-07 5575773 653574 0 -90 304.50
----------------------------------------------------------------------------
DOT-09-SE-08 5575613 653706 0 -90 304.50
----------------------------------------------------------------------------
DOT-09-SE-09 5575966 653456 0 -90 304.50
including
----------------------------------------------------------------------------
DOT-09-SE-10 5575850 653632 245 -60 450.49
----------------------------------------------------------------------------
DOT-09-SE-11 5576032 653418 0 -90 304.50
----------------------------------------------------------------------------
The intervals set out in the above table are not true widths.
----------------------------------------------------------------------------
Southeast Zone From To Interval Copper Gold Silver
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DDH # (m) (m) (m) (%) (g/t) (g/t)
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DOT-09-SE-07 25.00 53.54 28.54 0.302 0.015 0.86
72.85 85.41 12.56 0.211 0.015 0.82
101.49 107.02 5.53 0.134 0.015 0.65
131.58 193.58 62.00 0.216 0.015 1.78
213.40 253.40 40.00 0.131 0.015 0.83
277.40 280.61 3.21 0.197 0.015 1.13
----------------------------------------------------------------------------
DOT-09-SE-08 Contains 7 narrow intervals of greater than 500 ppm copper
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DOT-09-SE-09 27.67 128.49 100.82 0.415 0.064 4.27
40.24 90.59 50.35 0.718 0.092 7.24
167.79 177.29 9.50 0.157 0.033 1.07
----------------------------------------------------------------------------
DOT-09-SE-10 Contains 16 narrow intervals greater than 500 ppm copper
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DOT-09-SE-11 21.03 62.17 41.14 0.296 0.021 2.17
75.90 116.74 40.84 0.294 0.119 2.47
145.34 179.80 35.12 0.333 0.045 2.82
----------------------------------------------------------------------------
The intervals set out in the above table are not true widths.
The weighted average grade of the mineralized interval in DDH DOT-09-SE-11 is influenced by two narrow intervals of higher grade copper-gold-silver mineralization. The sample interval 99.55 to 99.82 metres ("m") assayed 2.43% copper, 0.10 g/t gold and 15.9 g/t silver. The interval from 113.48 to 114.10 m assayed 6.39% copper, 1.54 g/t gold and 54.0 g/t silver.
Diamond Drilling and Sampling Procedures
Diamond drilling is completed using a 76 mm diameter core barrel. The average core recovery is estimated to be greater than 96% although recoveries of 50% were recorded over narrow (less than5.0 m) intervals. The cores were split using a manual splitter and one half of the core was collected for sample preparation and analysis and the other half is retained for future reference. Sample intervals were selected based on lithologies and intensity of alteration. The sample intervals varied between one and two metres and sample weights ranged from 2.0 to 4.0 kilograms respectively.
Sample preparation was completed by EcoTech Laboratories ("EcoTech") located in Kamloops, British Columbia using the following procedure: Core samples are prepared using a 2 stage crushing on a jaw crusher to 70% passing 10 mesh screen. A 250 gram sub-sample of the crushed material is pulverized on a ring mill to 95% passing minus 150 mesh screen. The sub sample is rolled and homogenized.
After initially analyzing the samples on the ICP/MS all samples with greater than 1,000 ppm copper are assayed using the Aqua Regia Assay method.
Gold analyses are completed on a 30 gram sample and a repeat sample is completed for every 10 samples. The samples are fused along with proper fluxing materials and the resulting bead is digested in Aqua Regia and analyzed by atomic absorption. Over-range values are re-analyzed using gold assay methods. (Detection limit 1-5 ppb AA). EcoTech has a 9001 International Standard Organization ("ISO") rating and is independent of DOT.
ABOUT DOT
DOT is a Canadian corporation currently focused on the exploration and development of its copper property in central British Columbia. The Corporation is planning to assess future copper and copper-gold properties for exploration and development opportunities throughout North and South America.
DOT shares trades on the TSX Venture exchange under the symbol DOT. The Corporation's website can be accessed at www.dotresourcesltd.com.
Elmer B. Stewart, MSc. P. Geol., a Director of DOT, is the Corporation's nominated Qualified Person responsible for monitoring the supervision and quality control of the programs completed within the Dot Project. Mr. Stewart has reviewed and verified the technical information contained in this news release.
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking statements" as such term is used in applicable Canadian and US securities laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, statements concerning obtaining additional assay results by the end of February and other factors or events described in this news release should be reviewed as forward-looking statements to the extent they involve estimates thereof.
Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the inability to receive the additional assay results by the end of February; general market conditions and such other business risks as discussed herein and other publicly filed disclosure documents. Although the Corporation has attempted to identify important factors that could cause actual events or results to differ materially from those described in forward-looking statements, there may be factors that cause actions, events or results not to be as anticipated, estimated of intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements should these beliefs, estimates and opinions or other circumstances change, except as required by applicable law. Investors are cautioned that such forward-looking statements involve risks and uncertainties. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
To view Figure 1 of the DOT Diamond Drill Hole Location Map, please visit the following link:
http://media3.marketwire.com/docs/DOTFIG1.pdf
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.
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PELANGIO EXPLORATION INTERSECTS 1.5 G/T OVER 61 METRES IN FIRST DRILL HOLE AT THE MANFO PROPERTY
TORONTO, Ontario - (MetalsNews.com, September 7, 2010) - Pelangio Exploration Inc. (PX:TSX-V) ("Pelangio" or the "Company") is pleased to announce drill results from the first four holes totaling 621.1 metres drilled by the Company at the newly optioned Manfo Property in Ghana. Highlights of the drill results from the Nfante West area reported today |
Niogold And Aurizon Commence Drilling On The Marban Block Property
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NovaGold Appoints Gerry McConnell as Chairman of the Board
Vancouver, British Columbia - (MetalsNews.com, September 1, 2010) - NovaGold Resources Inc. (NYSE-AMEX: NG, TSX: NG) today announced that Gerry McConnell has been appointed Chairman of the company's Board of Directors. Rick Van Nieuwenhuyse continues as President and Chief Executive Officer of the company and will remain on the Board as a Director. |
LEVON CLOSES BOUGHT DEAL AND NON-BROKERED FINANCINGS FOR GROSS PROCEEDS OF $11,100,000
Vancouer, BC -(MetalsNews.com - August, 31, 2010) - Levon Resources Ltd. (“Levon” or the “Company") announced the closing of its bought deal private placement with Canaccord Genuity Corp. (the “Underwriter”) previously announced on August 17, 2010 of 13,334,000 Units (the “Units”) at a price of CDN$0.75 per Unit for aggregate gross proceeds of CDN$10,000,500 (the “Offering”). |
Premier - Drilling Continues to Expand Near-Surface Gold Zones at Hardrock
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Kaminak Gold Drill Hole CFD-28 Intersects 15.9 g/t Au over 5m
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