Leider heute erst gefunden.
Adanac Applies For 8,000-10,000 Meter Diamond Drill Permit
Thursday, April 20th 2006 - Vancouver, British Columbia (MOLY @ 24.00US/lb)
Adanac Moly Corp. (AUA: TSX.V, Pink Sheets: ANCGF, Frank: A9N), has applied for permits to drill 26 NQ diamond drill holes to start at the beginning of June, 2006 on their Ruby Creek Project located 24 kilometers North East of Atlin, BC.
Twelve 50º angle holes will be drilled in the vicinity of the high grade section of the proposed pit. These holes are required for metallurgical testing but will also determine whether vertical fractures contain a significant amount of molybdenum, as indicated by the 10,000 tonne bulk sample test performed by Kerr Addison in 1970. Their work appears to increase the grade over the drill holes by up to 20%. The Ruby Creek deposit is currently defined by vertical drill holes that may not have adequately tested the vertical fractures. They may have been better represented in Kerr Addison’s larger, bulk sample.
Three angle holes will be drilled to the southeast to define the extent of the deposit further and two angle holes will be drilled to the northwest, to the north of the Adera Fault, a northeast trending structure that down-drops the deposit to the north. They will be drilled as step-out holes on either side of a hole (#310) drilled by Adanac Moly Corp in 2004 that returned .11% Mo over 113 meters at the foot of the hole.
The remaining nine holes will further test the western extension of the deposit. One will twin a deep, vertical hole drilled by Climax Molybdenum Corp in 1974 (#146) that returned 0.10% Mo over 37 meters below a depth of 300 meters. The hole ended in mineralization. This hole, along with others drilled by Adanac Moly Corp suggests that the deposit plunges to the southwest. The remaining eight holes will test for the down plunge extension of the deposit.
The first twelve holes may affect the grade of the deposit, as currently defined; however, the others are on the periphery of the proposed pit and are not likely to be included in the resource study.
This press release has been reviewed by Robert Pinsent, PhD., P.Geo a qualified person under NI43-101.
On Behalf of Management
ADANAC MOLY CORP.
Larry W. Reaugh,
Werbung
