Sieht so aus als hätten die Aussies etwas übersehen 40 Mio AUD MKT
The Feasibility Study - including a resource estimate upgrade - for the Shambesai Gold Project is progressing well and will be completed in late 2011
Bonanza Shambesai Result - 33.7m at 10.74g/t gold
Exploration Update | Drilling Report
13-07-2011
ASX RELEASE / MEDIA RELEASE BONANZA HIGH-GRADE GOLD RESULT AT SHAMBESAI
33.7m at 10.74g/t gold from 114.3 m
HIGHLIGHTS
* 33.7m at 10.74g/t gold including 7.8m at 28.64g/t gold returned from Shambesai shear zone outside the current resource boundary. Other results include;
* 17.45m at 2.55g/t gold
* 5.1m at 4.49g/t gold
* 13.9m at 1.79g/t gold
* Demonstrating that the shear zone at Shambesai contains high-grade mineralisation is expected to have a significant impact on resources and project economics
* The drill program has been extended to test the extent of the high-grade shear zone related gold mineralisation
* More than 9,700m of the expanded 12,300m drilling program has been completed at Shambesai – 20,000m to be completed in total across all exploration sites – only 5,000m of drilling has been reported
* Six rigs operating at Shambesai and two portable rigs in use at Pum
* The Feasibility Study - including a resource estimate upgrade - for the Shambesai Gold Project is progressing well and will be completed in late 2011
Perth-based gold exploration and development company Manas Resources Limited (ASX-MSR) is pleased to report the second round of results from the 2011 drilling campaign at its 100%-owned Shambesai Gold Project in the Kyrgyz Republic, Central Asia.
The highlight of this round of results is the wide, high-grade intersection, outside of the current Shambesai Mineral Resource, of 33.7m at 10.74g/t gold from 114.3m in SHDDH224. See Figure 1. Very high-grade zones occur within this intersection and include intercepts of 15.8m at 17.81g/t gold from 125m, 7.8m at 28.64g/t gold from 133m and 4m at 42.03g/t gold from 136m.
Other significant results include 13.9m at 1.78g/t gold from 104m in SHDDH219, 17.45m at 2.55g/t gold from 14.75m in SHDDH227 and 5.1m at 4.49g/t gold from 59m in SHDDH223. All of these results show that the mineralisation continues at depth and they demonstrate continuity of the mineralisation on the contact between the limestone and siltstone.
The wide high-grade intersection from hole SHDDH224 was returned from sulphides in the structural zone separating the Shambesai main and west zones. The discovery of high-grade mineralisation along this structural zone has the potential to significantly improve the already robust project economics by substantially increasing the underground potential of the project which Manas has recently begun to evaluate.
The majority of this latest round of Shambesai results were returned from sulphide mineralisation outside of the current 645,000-ounce Mineral Resource, with the best intercept from hole SHDDH224 demonstrating continuity of mineralisation, at a higher tenor between the upper main zone and the west zone at depth.
Drilling is now in progress to test the extent of high-grade mineralisation along the Shambesai structural zone and to the west of the structural zone. The aim of the current drilling program is to increase gold resources and provide additional mineable oxide for the Shambesai Gold Project. Drilling is currently occurring at two areas - Shambesai and Pum - with 11,000m completed on all areas.
An expanded program of more than 12,000m of resource and development drilling has been taking place at Shambesai with the aim of;
1. Rapidly upgrading all resources in the current pit optimisation;
2. Testing areas for further shallow oxide at the edge of the existing resource;
3. Testing the fault zone between the deep and main Shambesai zones; and
4. Defining the zone at the western boundary of the current pit with the goal of substantially increasing the resource and pit extent.
NOTES TO TABLE 1 – SHAMBESAI DIAMOND DRILLING
1. All holes are drilled by diamond drilling.
2. All drill results are for an average 1m interval crushed half core samples.
3. All sample results are reported from Alex Stewart Laboratory in Bishkek, Kyrgyz Republic using industry-standard 30g fire assay.
4. All results of duplicate samples are routinely monitored to be within acceptable limits for the type of assay method used.
5. All assays are quoted to two decimal places.
6. All intercepts are quoted using a 0.5 g/t lower cut-off, no high cut-off grade and up to 4m of internal dilution (< 0.5 g/t gold).
Details of the Manas Resources 100% owned Kyrgyz Gold Projects can be found at the Company’s comprehensive website www.manasresources.com
For further information -
Stephen Ross Nathan Ryan
Managing Director Investor Relations
Manas Resources Limited NWR Communications
Telephone +618 9240 7717 +61 4 20 582 887
www.manasresources.com