Drilling progress at Black Angel Project
in Greenland
11/07/2006
Press Release
Angus & Ross PLC (AGU) (“Angus & Ross” or the “Company”)
is pleased to report on progress of its 2006 exploration programme
at its Black Angel zinc/lead property in West Greenland.
A total of over 1000 metres has already been drilled with 15 holes
completed in the first 3 weeks of the current programme. In
particular 11 new holes have been drilled to test the continuity
of mineralisation in the area of the Ark Showing, an area where data
from 12 holes drilled by previous operators already exists.
At the beginning of July the rigs were moved to the South
Lakes Glacier Showing where a large outcrop was discovered last year. Samples
taken from the outcrop last year returned up to 30% Zn and 20% Pb. The
zinc and lead sulphide mineralisation (sphalerite and galena) continues
along the strike for almost 500m (previously reported 300m) and is
open at both ends (disappearing under glacial moraine). The three
holes drilled to date have established that mineralisation is present
to at least 95m below the surface and is open at depth. Deeper holes
are planned. Bands of mineralisation between 0.2m and 2m of disseminated
to massive sulphides are dipping at 70 degrees to both north and
south on both sides of the fold hinge. Mineralised zones are straightforward
to identify due to the high contrast between the light coloured carbonate
host rock and dark brown/black sulphides.
Assay results from the current drilling programme are expected later
this summer.
Andrew Zemek, Chief Operating Officer of Angus & Ross,
who recently returned from the drill sites commented:
'The South Lakes Glacier Showing is the
most promising outcrop of massive sulphides found since the original
Black Angel discovery. The structure is open at depth and along strike
and further drilling now underway will help to define its size. The
crews have now settled into a routine operation and are achieving
drilling rates of up to a 100m per day, which gives us confidence
that the 7000m drilling programme will be completed as planned. At
the Ark Showing we are encouraged because mineralisation intercepted
in our drill holes correlates well with the locations of mineralisation
intercepted from the old Cominco holes.'
(The programme is run by Black Angel Mining
Ltd, a wholly owned subsidiary
of
Angus & Ross plc headed by CEO Andrew Zemek.)
- Ends -
See more detailed information with photos >>
Angus & Ross
plc
Robin Andrews (Chairman) +44-1751 430 988
Andrew Zemek
(COO of Angus & Ross, CEO of Black Angel Mining) +44-7850-755 450
NB: This release has been approved by the Company’s technical staff who include Dr Tom Elder, Director, who holds a BSc and Doctorate in Geology from Durham University, is a Fellow and former Member of Council of The Institution of Mining and Metallurgy and a Fellow of The Geological Society, in accordance with the recent Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM companies, which outline standards of disclosure for mineral projects.
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