お知らせ • Apr 03
Tolu Resources Limited Provides Update on Mt. Penck Project
Mt Penck Exploration Update. Highlights: Airborne MT results from the Mt. Penck Project have caused Tolu to re rate the exploration prospectivity of the Mt. Penck Project. Eight new material porphyry copper-gold targets have been identified as a result of the new MT imaging. Anomalous gold in historical stream and rock samples outside the known Mt. Penck system of gold veins, demonstrate a much larger footprint of mineralisation associated with an outer Airborne MT conductivity alteration halo. The results from the newly flown advanced Airborne MT geophysical technology have now significantly re-rated the Mt. Penck Project with eight interpreted material target areas. The Mt. Penck Project on New Britain Island is accessible by road approximately 55 kilometers from the existing deep-water port at the provincial capital of Kimbe and circa 85 kilometers from Hoskins airport with simple and reliable road access to the Project site that will benefit any future development of the Project. New Exploration Tenement Application. Mount Penck Project Exploration Target. Tolu has also developed an Exploration Target3 of 240,000 to 400,000 oz Au grading 2.1 to 3.1 g/t Au, solely within the argillic alteration zone, based on the estimated: tonnes and grades from surface trench and drill results of Kavola, Kavola East, Kavola SE and Kavola West with averaging significant intersections of 4.15 g/t Au. There has been insufficient exploration completed to estimate a Mineral Resource for all target areas reported and it is uncertain if further exploration will result in the estimation of further Mineral Resources. The information in this report that relates to Exploration Results, the Exploration Target and Mineral Resources for the Mt Penck project is based upon and fairly represents information compiled by or compiled under the supervision of Peter Swiridiuk - Member of the Aust. Peter Swiridiuk has sufficient experience which is relevant to the type of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2012 Edition of the "Australasian Code of Reporting Exploration Results, Mineral Resources and Ore Resources". (Ag, Al, As, Ba, Be, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, Pb, Ni, Pss, Rb, Re, Sb, Sc, Se, Sn, Sr, Ta, Th, Ti, Tl, U, V, W, Y, Zn, Zr). Acceptable levels of accuracy are obtained in the Intertek assaying results of Au 0.01 ppm, Ag 0.05 ppm, As 0.5 ppm, Ba 0.1 ppm, Cu 0.5 ppm, Mo 0.1 ppm, Pb 0.5 ppm, Sb 0.05 ppm and Zn 1 ppm., All samples have been stored at Intertek laboratories for future re-analysis if required., Duplicates and blanks have not been used by TOK due to the reconnaissance nature of the sampling program., Duplicates, Standards and Blanks have been used by Intertek Laboratories for their own quality assurance procedures., No drilling has been undertaken by Tolu., Half of the historical drill core was sent for assay and the other half was stored at the core shed on site. The younger Pliocene-age volcanics, which host gold mineralisation where not investigated., In 1981 Nord Resources completed helicopter supported stream sediment sampling targeting gold and base metal mineralisation. Nord assayed their samples for Au, Ag, As, Cu, Pb and Zn but failed to identify any geochemical anomalies., From 1985 to 1990, BHP completed an initial regional program of bulk leachable extractable (BLEG) and minus 80 mesh drainage sampling, which located a 17 ppm Au pan concentrate in Meto Creek, the first indication of gold at Mt Penck. Unless otherwise stated, downhole intercepts, the first indication of gold At otherwise stated, downhole lengths, downhole lengths., Diagrams, and tabulations of intercepts should be practiced to avoid misleading reporting of Exploration Results. Where comprehensive reporting of Exploration Results. If otherwise stated, downholes should be practiced to avoid false reporting of Exploration Results, reporting of Exploration Results. If previously stated, downhole lengths. Unless otherwise stated, down hole intercepts, downhole intercepts, downhole lengths. If otherwise stated, if otherwise stated, downhole lengths. If comprehensive reporting of Exploration Results is not practicable, downhole lengths., Di Instagrams, downhole intercepts should be performed to avoid misleading reporting of all Exploration Results, downhole intercepts, if otherwise stated, reporting of Exploration Results. Unless otherwise stated, the reporting of Exploration Results, downhole lengths, down hole intercepts, without without without otherwise stated, downhole lengths.