Perth, Aug 14, 2008 AEST (ABN Newswire) - Exco Resources Limited (ASX:EXS)(PINK:EXRSF) Announce that drilling has confirmed the presence of a major new zone of mineralisation on the eastern limb of the E1 North deposit.
Ore grade intersections have so far been returned in 5 holes over a strike length of at least 160m. Visual interpretations suggest the presence of significant mineralisation in a further 4 holes.
All these intersections occur outside the current E1 North resource model and include:
- 78m @ 1.27% Cu & 0.43g/t Au from 156-234m in EMMD087
- 74m @ 1.68% Cu & 0.47g/t Au from 34-108m in EMMD113
- 18m @ 2.38% Cu & 0.13 g/t Au from 68-86m in EMMD127, and
- 36m @ 1.08% Cu & 0.17 g/t Au from 86-122m in EMMD135
The latest geological interpretation is consistent with geophysical data and suggests that E1 North occurs in a folded structure with the eastern limb extending towards E1 South. Further drilling is underway to test the "Central Zone" between E1 North and E1 South.
These new results are expected to lead to a sizeable increase in resources at the E1 Camp. The Company remains on track to update the resource models for E1 North and E1 South during the current quarter.
For the full announcement including tables, please visit:
http://abnnewswire.net/lnk/48YMS8A3
Contact
Tel +61-8-9211-2000
Fax +61-8-9211-2001
WEB: www.excoresources.com.au
| ||
|
