VANCOUVER, Oct. 13, 2011 /CNW/ - Curis Resources Ltd. (TSX: CUV)
("Curis") announces results from drill hole CMH11-06 completed at the
Florence Copper project in central Arizona. The hole was drilled to
confirm characteristics within mineralized blocks on Arizona State Land
in the Florence deposit model as part of the current feasibility study.
Curis completed a six-hole core drilling program at the Florence Copper
project site in early August of this year. The program consisted of
three holes in the area of the optional Phase 1 development program,
two holes on Arizona State Land under mineral lease to Curis, and one
hole in the area of the former BHP Copper in-situ recovery well field
that was operated in 1997.
Assay results received for the first three holes completed in the
optional Phase 1 development area, which were also announced in Curis
news release dated August 16, 2011, are tabulated below as Total Copper
(CuT) in the zone of oxide mineralization.
| Drill hole | From (feet) | To (feet) | Interval (feet) | CuT (%) |
|
CMH11-01*
|
395.0
|
741.0
|
346.0
|
0.37
|
|
CMH11-02*
|
404.0
|
733.3
|
329.3
|
0.58
|
|
CMH11-03A*
|
425.0
|
753.0
|
328.0
|
0.48
|
*Core recovery for the reported oxide intervals ranges from 89 to 93%
averaging 91% overall.
New assay results for hole CMH11-06, which is located on Arizona State
Land under mineral lease to Curis, are tabulated below.
| Drill hole | From (feet) | To (feet) | Interval (feet) | CuT (%) |
|
CMH11-06*
|
480
|
1210
|
730
|
0.51
|
|
including
|
740
|
1210
|
470
|
0.59
|
*Core recovery for the reported oxide intervals averages 87%.
This hole is located in the south central part of production block 36 in
the deposit model used for the Preliminary Economic Assessment of the
project completed in September 2010 (see Curis November 25, 2010 news
release). The average copper grade of the oxide zone in this hole is
0.51% CuT which compares favourably with calculated model grades of
0.46% CuT for production block 36.
Curis Resources 2011 Drill Hole Locations
(http://www.curisresources.com/i/misc/2011-10-13_NR1.jpg)
The copper oxide zone, as intersected in hole CMH11-06, is 730 feet in
thickness. The copper mineralization in the oxide zone in this hole is
characterized by chrysocolla in veins, chrysocolla and tenorite as
fracture coatings, and copper clays replacing plagioclase grains in the
host rock. Mineralization was introduced by Laramide granodiorite
intrusive bodies similar to those seen elsewhere in southern Arizona
copper deposits. The highly fractured nature and primary chrysocolla
mineralization in the Florence deposit, as exhibited in the drill
holes, is ideally suited to the in-situ copper recovery method that is
planned for the Florence Copper project.
CMH11-06 - HQ core from 968.5-976 feet.
(http://www.curisresources.com/i/misc/2011-10-13_NR2.jpg)
The core holes drilled in the two sites during this feasibility drilling
program were designed to examine the potential ore blocks for
geological continuity, grade, fracture density, rock quality
characteristics and other key geological parameters. Results are being
used for geological characterization, predictive modeling and to
provide details for Phase 1 construction bid preparations.
A single hole has also been drilled in the 1997 BHP in-situ well field.
This hole was to analyze geochemical reactions and flow patterns that
would have occurred during the 1997 BHP production test and was not
sampled for assay.
SRK Consulting (SRK) of Tucson, Arizona assisted Curis with the
geological and geotechnical logging and sample collection of the drill
core. The drill program was supervised by Robert Cluff, P.Geo, Hunter
Dickinson Inc., who is a Qualified Person and has reviewed this
disclosure.
Sample preparation and analysis for the Florence project is done at
ISO/IEC 17025 accredited Skyline Assayers & Laboratories in Tucson, AZ.
Samples are dried, crushed to 75% -10 mesh, split and pulverized to 95%
-100 mesh. All samples are assayed for total copper (CuT) by Aqua Regia
digestion with an Atomic Absorption Spectroscopy (AAS) finish. All
samples are also assayed for 49 elements including copper, by Aqua
Regia digestion Inductively Coupled Plasma Mass Spectroscopy (ICP-MS)
finish. As part of a comprehensive QA/QC program, one standard is
inserted into the sample stream in each group of 20 samples, as well as
one or more field blanks in each analytical batch. One sample in each
group of 20 is a duplicate. Duplicates will be sent to Acme Analytical
Laboratories in Vancouver for analysis.
About Curis
Curis Resources Ltd. is a mineral development company associated with
Hunter Dickinson Inc., a diversified global mining company with a
25-year history of mineral development success. Curis is focused on
the acquisition, development and operation of high-quality
next-generation copper properties in progressive jurisdictions around
the world. It is currently focused on advancing its 100% owned
Florence Copper project in Arizona USA to production.
For more project-level information, sign up for the Florence Copper
projects' e-Newsletter.
Michael McPhie
President & CEO
No regulatory authority has approved or disapproved of the information
contained in this news release.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration drilling,
exploitation activities and events or developments that the company
expects are forward-looking statements. Although the Company believes
the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially
from those in the forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking
statements include fluctuations in market prices, exploitation and
exploration successes, continuity of mineralization, uncertainties
related to the ability to obtain necessary environmental, land use and
other permits, approvals, licenses and title on a timely basis and
delays due to third party opposition, changes in government policies
regarding mining and natural resource exploration and exploitation,
continued availability of capital and financing, and general economic,
market or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company,
investors should review the Company's continuous disclosure filings
that are available at www.sedar.com.
<p> For further details on the Company, please visit <a href="http://www.curisresources.com">www.curisresources.com</a> or contact: </p> <p align="left"> Susie Bell<br/> Manager, Investor Relations<br/> Tel: 604-684-6365<br/> Email: <a href="mailto:Susiebell@hdimining.com">Susiebell@hdimining.com</a> </p>