Reliance reports more silver assays in Kapa-kapa
Thursday, March 15 2012 - 01:56 AM WIB
Reliance Resources has reported high-grade silver assays from its Kapa Kapa gold-silver project in Halmahera island.
The company said in its press statement on Wednesday that its current exploration at the project was focusing on hydrothermally altered rocks and precious metal mineralization within a target zone, so far exceeding 1 Km strike length and up to 200 metres width.
Mapping and rock chip sampling has continued to define and extend the north-north-west trending zone. The company regards the Akelamo prospect to be underexplored due to the presence of an extensive blanket of geologically recent volcanic ash which largely covers underlying mineralized bedrock.
Grab sampling of outcrops within the Akelamo River valley has continued to return high silver values associated with epithermal quartz veining and hydrothermal breccias, including; RC00978 - 1,080 g/t Ag, RC00989 - 344 g/t Ag , RC00996 - 307 g/t Ag , RC00988 - 392 g/t Ag , RC01102 - 2,920 g/t Ag
The highest silver value from the company's recent sampling (RC01102 - 2,920 g/t Ag) is from an epithermal quartz vein cutting across a hydrothermal breccia along the banks of a tributary of Akelamo River . This sample also has a significant base metal association - 0.2%Cu, 1.7% Zn and 1.0%Pb.
This zone was further tested with a 1.2 meter channel sample using a continuous chip sampling method and returned: CH01006 - 1.2m @ 1,490 g/t Ag, 1.7%Zn, 800ppm Pb and 570ppm Cu
Sampling by the company shows the zone of mineralized and altered andesitic volcanics is approximately 200 meters in width along the Akelamo River valley. The zone is open to the north and the south.
Preliminary reconnaissance work to the south of Akelamo River has encountered altered volcanic bedrock with quartz veining and secondary copper staining (malachite) 600m south of Akelamo River within the NNW-trending zone of interest.
A grab sample of material derived from this zone assayed: RF01105 - 0.7% Cu, 0.1 g/t Au, 12 g/t Ag
Historical channel sampling from the Akalemo prospect returned bonanza silver along with anomalous gold; including: 4m @ 1,800 g/t Ag (and 0.5 g/t Au), 4m @ 466 g/t Ag, 5m @ 0.9 g/t Au
A historic rock float sample assayed 15,800 g/t Ag (460 ounces of silver per ton) and 3.0 g/t Au.
Editing by Benget Besalicto Tnb.