Further Assay Results from Black Angel
Drilling Programme
12/10/2006
Press Release
Angus & Ross PLC (AGU) (“Angus & Ross” or the “Company”)
is pleased to announce the third set of assay results from this summer’s
drilling programme at its Black Angel zinc/lead property in West
Greenland. The half-core testing programme run by ALS Chemex
in Vancouver has been completed, with 632 samples
having been tested.
A further 71 samples, including bulk samples, channel samples and
whole core samples will be assayed at the laboratory of Wardell
Armstrong International (“WAI”) in Cornwall as part of the metallurgical
testing programme. Of particular interest will be the results from
dense media separation test work, as it is believed that the new
deposits may be amenable to low cost upgrading prior to concentrate
flotation.
- 632 samples from 2006 drilling programme assayed, 71
results pending
- Mineralized intersections encountered in 42 out of 44 Glacier
Zone drill holes and 11 out of 15 Ark Zone drill holes
- High grade sulphide intersections of considerable thickness encountered,
e.g. hole 06GLA037 grading 2.7% lead and 7.9%
zinc over 13.62
metres
- Geological modelling work commencing and civil engineering
tenders in course of preparation
A revised resource estimate incorporating the results of the new
discoveries will be prepared by WAI and is expected in November;
geological modelling work has already commenced.
From a preliminary assessment of the results, it appears that resources amenable
to open pit mining are being defined at both the Glacier and ARK deposits, part
of which could possibly produce early cash flow. However, most of
the Glacier Zone would have to be mined by underground methods.
Experienced civil engineering contractors visited the property in September and
the Company awaits specific quotes for the construction of access roads to both
the Glacier and ARK deposits from the top end of the Nunngarut tunnel which leads
down to sea level. These quotations will form part of the feasibility study planned
to commence later this year.
Hole |
Eastings |
Northings |
From |
Intercept |
Pb |
Zn |
Ag |
UTM 22 |
UTM W |
|
|
|
(m) |
(m) |
(m) |
(m) |
(%) |
(%) |
(g/t) |
ARK
Prospect (15
holes drilled, results pending from 1 hole, see also previous
PRs)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Glacier Prospect (44 holes
drilled, no results pending, see also previous
PRs)
|
06GLA019 |
500 587 |
7 889 873 |
241.32 |
6.54 |
2.6 |
6.1 |
48.9 |
|
|
|
|
Including 0.86m at > 25%
Zn |
06GLA023 |
500 605 |
7 889 940 |
164.64 |
3.83 |
0.8 |
4.1 |
5.1 |
06GLA033 |
500 650 |
7 889 902 |
126.40 |
0.35 |
1.5 |
7.8 |
11.0 |
06GLA033 |
500 650 |
7 889 902 |
165.24 |
0.41 |
1.7 |
10.5 |
21.0 |
06GLA034 |
500 650 |
7 889 902 |
174.80 |
1.77 |
3.5 |
4.2 |
17.6 |
06GLA035 |
500 650 |
7 889 902 |
186.80 |
2.27 |
6.7 |
17.5 |
27.3 |
|
|
|
|
Including 1.41m at > 22%
Zn |
06GLA036 |
500 744 |
7 889 948 |
63.90 |
0.32 |
0.0 |
25.3 |
2.0 |
06GLA036 |
500 744 |
7 889 948 |
91.39 |
0.29 |
11.6 |
18.4 |
100.0 |
06GLA037 |
500 852 |
7 889 936 |
28.08 |
4.45 |
4.0 |
11.0 |
17.3 |
|
|
|
|
Including 1.36m at > 27%
Zn |
06GLA037 |
500 852 |
7 889 936 |
35.43 |
6.27 |
3.0 |
8.8 |
29.2 |
|
|
|
|
Including 0.92m at 32.1% Zn |
06GLA038 |
500 900 |
7 889 991 |
38.97 |
2.71 |
2.5 |
6.8 |
17.0 |
|
|
|
|
Including 0.21m at > 30%
Zn |
06GLA040 |
501 100 |
7 889 884 |
62.60 |
1.28 |
2.6 |
6.5 |
14.0 |
06GLA042 |
501 151 |
7 889 884 |
36.65 |
1.25 |
2.2 |
7.3 |
18.6 |
Robin Andrews, Chairman of Angus & Ross,
commented: “I am pleased that this third
and final set of assay results, mainly from the Glacier discovery,
continues to return the high grades shown in the previously announced
results. We now look forward to the results of the current metallurgical
testing programme and a preliminary resource statement presently
being compiled by the company’s consultants.”
(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 and maps >>
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 Bob Dowdell, Director of Black Angel
Mining Ltd, who holds a BSc and Doctorate in Mining Engineering
from Newcastle University, is a Chartered Engineer, and Member
of The Institution of Mining and Metallurgy, 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
outlines standards of disclosure for mineral projects.
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