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11/06/04
enviado por Patagonico.
Intrepid Minerals Expands Targets of the Casposo
FOR: INTREPID MINERALS CORPORATION
TSX VENTURE SYMBOL: IAU
JUNE 10, 2004 - 08:15 ET
Intrepid Minerals Expands Targets of the Casposo
Silver-Gold System
TORONTO, ONTARIO--(CCNMatthews - Jun 10, 2004) - Intrepid
Minerals Corporation (TSX-V: IAU) has entered into an option
agreement with Exeter Resource Corporation to earn a 50% interest
in the 76 km2 Rosarita epithermal gold project immediately
adjacent to the southern boundary of the Casposo Project in San
Juan province, Argentina.
Intrepid's Casposo project hosts the Kamila Zone which occurs
within a 3.5 km long northwest-southeast trending structure
referred to as the Rocio de Oro corridor which may extend onto
the Rosarita property. Currently, the Kamila Zone contains an
Inferred Resource of 304,600 ounces and an Indicated Resource of
163,200 ounces, both calculated on a gold equivalent basis of
90:1 silver:gold ratio. Intrepid recently announced plans to
extend detailed exploration including geophysics and mapping
south-east from the Kamila Zone and this agreement will make
possible the continued extension of that exploration program on
the Rosarita property.
"We continue to look forward to extending the mineralization of
the defined resource of the Kamila Zone. Potential for a deeper
system running south-east of Kamila exists and will be tested
through the balance of this year" said Laurence Curtis, President
and CEO of Intrepid Minerals.
The option agreement calls for minimum expenditures of US$250,000
and a minimum work commitment of 5,000 meters of drilling between
now and end of 2006. Fulfillment of these terms entitles Intrepid
Minerals to earn a 50% interest in the property.
Today, Intrepid also reported results from the final eight holes
of the Phase II drill program on the Kamila Zone at the Casposo
project in Argentina. Four Holes, CA-04-92 to CA-04-95, were
drilled to test the northern limit of the proposed open-pit for
geotechnical purposes and no significant values were intersected.
Another four holes CA-04-96 to CA-04-99 were drilled for
metallurgical test work to clarify processing options identified
in the ongoing Scoping Study (see Table 1).
/T/
Table 1: Kamila - Phase II Drilling, Intercepts
--------------------------------------------------------------------
Gold
Hole # From To Width Vein Au Ag Equivalent (1)
--------------------------------------------------------------------
(m) (m) (m) g/t g/t (g/t) (oz/t)(2)
--------------------------------------------------------------------
CA-04-96 38.50 39.90 1.40 B North 3.89 33 4.26 0.12
--------------------------------------------------------------------
124.70 131.50 6.80 Aztec No Significant Values
--------------------------------------------------------------------
CA-04-97 No sampling(3)
--------------------------------------------------------------------
CA-04-98 140.00 159.90 19.90 Aztec 4.53 135 6.03 0.18
--------------------------------------------------------------------
incl. 143.95 146.00 2.05 Aztec 33.7 784 42.4 1.24
--------------------------------------------------------------------
CA-04-99 No sampling(3)
--------------------------------------------------------------------
--------------------------------------------------------------------
(1) Gold-Silver equivalent calculated at 90 oz silver to 1 oz gold
--------------------------------------------------------------------
(2) oz/t equals troy ounce per short ton
--------------------------------------------------------------------
(3) Holes CA-04-97 and CA-04-99 were twin holes of CA-04-96
and CA-04-98 respectively
--------------------------------------------------------------------
Table 2: Kamila - Phase II Drilling, Collars
--------------------------------------------------------------------
Hole Name Easting Northing Elevation Length Azimuth Inclination
--------------------------------------------------------------------
--------------------------------------------------------------------
CA-04-92 2,439,265 6,548,250 2,450 227.60 95 -45
--------------------------------------------------------------------
CA-04-93 2,438,965 6,548,595 2,440 80.35 130 -45
--------------------------------------------------------------------
CA-04-94 2,438,965 6,548,595 2,440 59.60 70 -50
--------------------------------------------------------------------
CA-04-95 2,438,965 6,548,595 2,440 105.90 240 -45
--------------------------------------------------------------------
CA-04-96 2,438,964 6,548,468 2,514 200.00 90 -45
--------------------------------------------------------------------
CA-04-97 2,438,964 6,548,471 2,514 200.15 90 -45
--------------------------------------------------------------------
CA-04-98 2,438,989 6,548,418 2,526 254.60 111 -69
--------------------------------------------------------------------
CA-04-99 2,438,990 6,548,420 2,526 174.40 111 -69
--------------------------------------------------------------------
/T/
Intrepid is due to commence a combination of induced polarization
(IP) and resistivity surveys over the Southeast extension of the
Kamila-Mercado zones. The surveys will be used to guide drilling
along the Rocio de Oro corridor in the coming months.
This press release is available for investors to discuss, comment
and ask questions of the Company. Investors are asked to use the
following link http://www.intrepidminerals.com/community
to the
Intrepid Minerals Investor Community (IMIC) providing all
investors with the advantage of receiving the same information at
the same time.
Intrepid is a Tier 1 TSX Venture Exchange listed Company with
44,871,017 shares outstanding.
The statements made in this Press Release may contain forward
looking statements that may involve a number of risks and
uncertainties.
Actual events or results could differ materially from the
Company's expectations and projections.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Intrepid Minerals Corporation
Stephen Coates
Investor Relations
(416) 368-4525 (ext 6305), Toll Free: (866) 409-4716
(416) 368-3859 (FAX)
scoates@intrepidminerals.com
or
Intrepid Minerals Corporation
Laurence Curtis
President, P.Geo and designated QP
(416) 368-4525, Toll Free: (866) 409-4716
(416) 368-3859 (FAX)
www.intrepidminerals.com
or
Cavalcanti Hume Funfer Inc., Investor Relations
Cathy Hume
CEO
(416) 868-1079, ext. 231
cathy@chfir.com
www.chfir.com
The TSX Venture Exchange has neither approved nor disapproved the
information contained in this press release.
---------------
11/06/04
Tenke Acquires Rights to TNR Northern Properties in NW
FOR: TENKE MINING CORP.
TSX SYMBOL: TNK
JUNE 10, 2004 - 12:20 ET
Tenke Acquires Rights to TNR Northern Properties in NW
Argentina
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jun 10, 2004) - (TNK
- TSX) ... Tenke Mining Corp. (the "Company") is pleased to
report that it has acquired the earn-in rights to TNR Resources
Ltd.'s ("TNR") Northern Properties, a package of copper/gold
exploration concessions in San Juan and La Rioja Provinces,
Argentina. These concession rights have been added to the earn-in
agreement currently existing between the Company and TNR in
connection with the Batidero Property.
Under the terms of the amended Batidero earn-in agreements, the
Company can earn a 75% interest in the TNR Northern Properties by
the issuance of 100,000 shares of the Company and expending an
additional Cdn $500,000 on the aggregate property position over
an option period extending to June 30, 2007.
The TNR Northern Properties consist of a package of mineral
rights, totaling approximately 41,000 Has, known as Solitario 17,
Ritsuko, Ranchillos - Rio Blanco, La Brea, Caserones and Cateo 26
mining leases. Initial field work has been carried out in
previous programs throughout much of the property areas including
geological mapping, BLEG, stream sediment, rock chip and trench
sampling, and initial scout drilling of different alteration
systems. The property package area exhibits widespread
hydrothermal alteration with numerous strong gold, copper and
trace element geochemical anomalies detected in the sampling
program. The geological setting is similar to the neighboring
Vicuna and Josemaria projects which host copper/gold porphyry,
bulk-tonnage, mineralization potential.
The ample regional distribution of volcanics and intrusives of
Mesozoic ages are reactive hosts for the calcalkaline intrusivity
and volcanics related to Eocene-Miocene (35 to 7 Ma) episodes.
This type of magmatic-tectonic activity resulted in several Cu-Mo
porphyry deposits in the region, with possible overimposed events
of mostly gold-related intrusive systems.
Most of the porphyry intrusives are cutting through a thick
sequence of upper Mesozoic and Paleogene sediments and volcanics
with different evolution in their magmatic fluids in relation to
the hosting rocks. This fact, together with the different
tectonic relations in typical foreland compressive faulting,
evolving to regional back arc transtensive regimes, results in a
wide series of porphyry-epithermal transitions and the main
resulting mineralization in these transitions comprise sections
of volcanics, sediments and volcanic breccias with varied degrees
of mineralization, generally where the main episodes correspond
with the silicification-sulfide stage.
The TNR Northern Properties, along with the Batidero property,
are part of a large, strategic land position held by the Company
in this under-explored area of Argentina. On adjacent projects,
Vicuna and Josemaria, the Company has made two new significant
copper/gold mineral discoveries. The property group is the
subject of a multi-phase exploration program with drilling to
resume in October/November, 2004 as weather permits.
On Behalf of the Board
Paul K. Conibear, President
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Tenke Mining Corp.
Sophia Shane
Corporate Development
(604) 689-7842