Randsburg Reports Assays of up to 7.59% P2O5, 18.94% TiO2% and 57.05% Fe2O3 at Nathalie Phosphate Project
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 09/06/12 -- Randsburg International Gold Corporation (TSX VENTURE: RGZ) ("Randsburg" or the "Company") announced today that it has received assay results from prospecting and mapping on its Nathalie Phosphate Project including results as high as 7.59% P2O5, 18.94% TiO2% and 57.05% Fe2O3. The project is located approximately 45 kilometres north of the port of Baie-Comeau, Quebec, on the north shore of the St. Lawrence River.
The property consists of 93 contiguous claim blocks totaling approximately 11,900 acres. The Nathalie project is prospective for phosphate, iron and titanium.
The Nathalie Project has excellent infrastructure with asphalt road access from the property to the port and industrial City of Baie-Comeau and electrical power five kilometres away. With heavy lift handling capabilities and labor expertise, the Port of Baie-Comeau is well adapted to a variety of cargoes. The terminal is open year-round and benefits from a ro-ro ramp and a railcar ferry service to Matane via the Canadian National (CN) railway system. In February the City of Baie-Comeau announced a $250 million plan for the establishment of an ore transshipment center and a deepwater dock. Future investments may also expand road and rail access to areas north of the City.
Randsburg's management is planning a follow-up program because (a) results exceeded expectations and (b) only a small portion of the numerous outcrops on the property has been studied. Further prospecting, mapping and sampling to determine continuity among the various anomalies is planned as well as a magnetic/radiometric survey to outline potential further targets.
Visible apatite can be seen in several mafic outcrops. Various outcrops were located and sampled. Channel samples were also taken at Site A (GPS location 561002E, 5500712 N) and at Site B, the David anomaly (564241E, 5502969N). The Nathalie Channel samples at Site A consisted of seven sections 1 metre in length, 2 cm in width and approximately 8.0 cm in depth. Site B consisted of four sections of the same dimensions. 37 samples in total were sent for assay. The results are listed below. The geochemical analysis show an average P2O5 content of 3.62%, 28.86% Fe2O3 and 6.26% TiO2 for sampled outcrops and 4.09% P2O5, 24.26% Fe2O3 and 5.33% TiO2 for the Nathalie channel samples. The channel results for the David anomaly were low for phosphate (0.23%) but contained an average of 6.41% for TiO2 and 20.33% Fe2O3.
Quality assurance / Quality Control ("QA/QC")
Samples averaging 2.6 kilograms weight each were taken by Randsburg personnel under the supervision of Brian Docherty P.Geo. Samples were bagged, sealed and numbered on-site, and delivered to the ALS Laboratory Group facility in Val-d'Or (Quebec) for analysis using the ME-XRF06 and ME-XRF10 Methods. At the laboratory facility, samples were inventoried, weighed and dried; crushed 70% to under 2 millimetres; riffled split with a 250 gram sub-sample pulverized 85% to under 75 microns; then followed by analysis. A table of results is presented below.
Assay sample locations and selected compound results
(i) UTM NAD 83 Zone 19
The technical information in this news release was approved by Brian F. Docherty, Professional Geoscientist, a Consultant to Randsburg, who is a Qualified Person under the meaning of National Instrument 43-101.
On behalf of the Board of Directors of Randsburg International Gold Corp.
Michael Opara, President and Chief Executive Officer
Contacts:
Randsburg International Gold Corp.
Michael Opara
President and Chief Executive Officer
416-486-4078
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Datum: 06.09.2012 - 13:08 Uhr
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News-ID 180998
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