DGAP-News: Devonian Metals intersects 16,47% Zinc/Lead over 10 Meters
(firmenpresse) - DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Devonian Metals intersects 16,47% Zinc/Lead over 10 Meters
08.12.2010 / 09:03
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Devonian Metals intersects 16.47 % Zinc /Lead over 10 Meters
Results from 2010 drilling program in Wrigley available
Heidelberg. Deutsche Rohstoff AG is pleased to announce results from the
2010 drilling program on the Canadian Wrigley property, carried out by
Devonian Metals Inc., a partly owned subsidiary of Deutsche Rohstoff. The
results of all 18 holes with together 4,800 meters, drilled in August and
September 2010, are now available. The best intercepts include 16.47 %
zinc/lead combined and 18.2 g/t of silver over 10 metres (D12-10-11) in the
'12-zone', 15.21 % zinc/lead and 27.2 g/t silver over 11 metres (D12-10-13)
in the '36-zone' and 12.24 % zinc/lead plus 29.5 g/t silver over 3 metres
(DB-10-14) in the '12-zone'.
Drilling focused on three different mineralized zones and had the goal to
drill to far greater depth (250-350 metres) than previous work,
establishing the presence of significant ore mineralization. Best
consistency was seen in the so-called 12 zone, Holes 11, 12, 14 and 16,
where a coherent sulfide ore structure with very high grade intervals
persists to depth. All zones remain open along strike and to depth. An
update of the NI 43-101 resource is scheduled for the first quarter of
2011.
Ronald McIntyre, Chief Geologist and President of Devonian Metals said: 'We
are quite pleased with the results we received from 2010 drilling. There is
a very good chance to substantially increase the tonnage of our NI 43-101
resource. '
The drilling program was carried out under a joint venture agreement with
Glencore Canada, a 100% subsidiary of Glencore (International) AG,
Switzerland. Glencore has agreed to spend up to 10 Million Canadian Dollars
and will obtain 51% of the joint venture company after having spent the
whole amount.
Glencore International AG (www.glencore.com), is a privately held company
owned by its management and employees and headquartered in Baar,
Switzerland , As part of its metals and minerals activities, Glencore owns
and operates zinc and lead production facilities, in countries including
Peru, Bolivia, Argentina, Kazakhstan and Italy.
Devonian Metals Inc. (www.devonianmetals.com) is a Junior Exploration
Company based in New Westminster (British Columbia), Canada. Devonian owns
100% of the project rights for the Wrigley zinc-lead-silver-property in
the Canadian North-West Territories. Main shareholder with 47,2 % is
Deutsche Rohstoff AG of Heidelberg, Germany.
Deutsche Rohstoff AG (www.rohstoff.de), listed in the German Entry
Standard, is establishing a new primary producer. The company's focus is
placed on gold, oil/gas and so called high tech metals such as indium,
gallium, rare earth metals, cobalt. All projects are located in countries
marked by political stability, the core area being Germany. The business
concept is based on redeveloping deposits which have been well explored in
the past. Production start is scheduled for 2010. For further information
please visit www.rohstoff.de
Heidelberg, December 08th, 2010
Contact:
Thomas Gutschlag
+49 6221 652 4730
gutschlag(at)rohstoff.de
End of Corporate News
08.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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105809 08.12.2010
Datum: 08.12.2010 - 09:03 Uhr
Sprache: Deutsch
News-ID 32819
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