Category: Uncategorized
- Published: 29 November -0001
News Release: More Positive Drill Results Including 81.4 Metres of 3.65 Grams Per Tonne Gold in Hole B03-25 and New Gold Zone Discovered Boka - Gold Project, Yunnan Province, China
Southwestern Resources Corp. is pleased to announce that more positive drill results have been received for the Boka Gold Project located in northern Yunnan Province, China. At present, five drill rigs with two separate contractors are operating at the Boka 1 South and Boka 7 areas. It is anticipated that another two rigs will be on site in a few weeks.
Results have been received for holes B03-23, B03-24, B03-25, B04-26, B04-27 and B04-28. B03-21, B04-29 and B04-30 have been completed and results are pending. Holes B03-22, B04-31, B04-32, B04-33 and B04-34 are in progress. To speed up turnaround for sample results, the Company is in discussions with several other exploration companies working in Yunnan Province to have a full service certified assay lab set up in Kunming. The latest drillhole results are presented in the following table. For drillhole locations please visit our website at www.swgold.com.
Intersection Assay
Hole From To Interval Grams per
No. (metres) (metres) (metres) tonne gold Comments
B03-23 140.75 201.00 60.25 2.80 quartz-carbonate
sulphide breccia
193.70 203.30 9.60 31.60 massive sulphide
B03-24 103.62 194.52 90.90 2.20 quartz veins
including 121.82 133.52 11.70 5.68 quartz-carbonate
stockwork
B03-25 105.12 186.52 81.40 3.65 quartz veins &
quartz-carbonate
including 154.12 173.12 19.00 7.58 stockworks
B04-26(i) 19.30 57.70 38.40 3.86 quartz veins &
quartz-carbonate
including 40.70 55.50 14.80 6.45 stockworks
B04-27(i) 12.50 86.70 74.20 5.98 quartz veins &
quartz-carbonate
including 44.00 64.55 20.55 15.62 stockworks
131.80 154.70 22.90 3.97
B04-28(i) 10.05 65.70 55.65 3.46 quartz veins &
quartz-carbonate
including 10.05 27.55 17.50 7.34 stockworks
96.90 112.12 15.22 2.70
(i) Note - core lost from surface to intercept
The Company has completed a soil sampling program over about two-thirds of the joint venture concessions on 200 metre east-west lines at 100 metre sampling stations. This survey has delineated several significant gold in soil anomalies and follow-up of an anomaly which extends for some three kilometres in a north-south direction resulted in the discovery of the Boka 7 Lower Gold Zone. The Boka 7 Lower Gold Zone is partially exposed in a government road and is at least 150 metres thick. Very preliminary sampling of this zone has been completed by the Company along these road cuts in three metre vertical channels. Results of this sampling include values ranging from 0.04 grams per tonne gold to 6.3 grams per tonne gold. The Company has commenced a trenching/sampling program to test the significance of this three kilometre long zone and in addition, has commenced a soil sampling survey to cover the remainder of the joint venture concessions.
The Boka Gold mineralization is hosted by carbonaceous shales in a number of zones on the property and associated with quartz veins, massive sulphide and quartz-carbonate stockworks. The present drilling program is concentrating on the Boka 1 Gold Zone and it is anticipated that by year end, drilling at 50 metre spacing will be completed. The Company is also testing the Boka 7 Gold Zone.
Quality Control
Southwestern has implemented a quality control program to ensure best practice in lithogeochemical sampling and analysis of tunnel and drill core samples.
All samples are shipped directly in security sealed bags to IPL Laboratories (ISO 9002) sample preparation facility in Kunming located 280 kilometres by road southwest of the Boka Project Area.
Drill core samples are prepped to -10 mesh at the IPL facility and 500 gram split samples are air freighted to Vancouver, BC for screen fire assay by IPL labs or ALS Chemex Laboratories. Exploration samples are assayed by conventional methods at the Langfang Institute of Geochemical and Geophysical Exploration (ISO 9001) in Beijing and are digested in an aqua regia acid digestion and gold, silver, copper, nickel, arsenic, antimony and bismuth are analyzed by atomic absorption.
The Company submits its own standards as a measure of the accuracy of the analysis. Field duplicates and pulp duplicates are routinely analyzed for precision at ALS Chemex located in Vancouver, BC. ALS Chemex is an ISO 9001:2000 registered
laboratory and is preparing for ISO 17025 certification. IPL is an ISO 9002 certified laboratory. Sample results are received in batches and not as assays for an entire drillhole.
The exploration program is being carried out by Dr. Xianda Wang, PhD (University of Salzburg) and Mr. John Paterson (Member, AUSIMM-and therefore the qualified person for the Project), President of Southwestern Resources Corp.
Southwestern Resources Corp. is exploring in several countries for precious and base metals including the Liam Gold-Silver Project in Peru. The Company has a number of significant joint ventures.
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading 'Risk Factors'and elsewhere in the corporation's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
CONTACT: TEL: (604) 669-2525 John G. Paterson, President
FAX: (604) 688-5175
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Website: www.swgold.com
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