Handa Copper Corporation Announces Receipt of Encouraging Laboratory Analysis and Microscopy Results
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/27/15 -- Handa Copper Corporation (TSX VENTURE: HEC) ("Handa" or the "Company"), is pleased to announce that it has received finalised laboratory analytical results for 225 randomly selected soil geochemical samples from SGS Laboratories in South Africa. The soils were assayed in order to validate the existing 2,373 portable XRF analyses.
The SGS laboratory analyses represent approximately 10 % of the soil samples collected from the company's Banda Kayes and Maboudou permits in the West Congolian Belt of the Republic of Congo ("RoC"). These results confirm the existence of large (greater than 5km) coherent geochemical anomalies with maximum copper values in soil of 334 ppm against a background of approximately 30 ppm.
The Company has also received reports following the microscopic investigation of two copper-bearing rocks identified in outcrop. The results confirm the presence of what appear to be primary sulphide mineralisation in siltstones returning whole rock chemical assays of up to 2.3% copper.
"These results are very important because not only do they confirm the potential of the West Congolian Belt to produce ore-grade rocks but also the effectiveness of the sampling methodology that Handa has adopted," said company President, Jon Stacey. "Findings like this bolster our firm belief that this belt has unrecognised potential to host meaningful Copperbelt-style mineralisation," he added.
Qualified Person
This press release, along with the soil sampling program and results described herein are reviewed and approved by Jon Stacey, President of Handa Copper Corporation and a qualified person as defined in NI 43-101.
About Handa Copper Corporation
The geological parallels between the West Congolian Belt and the Central African Copperbelt (CACB), the world's richest copper province, have been recognized since the 1930s. However, sustained modern exploration has never been carried out on the former.
Previously undisclosed archival records acquired by the Company, which included more than 10,000 stream sediment and soil samples, confirm the potential for CACB-style copper deposits on the Company's exploration licenses in the RoC. In addition, new data from regional airborne magnetic surveys and geological mapping will assist the Company to effectively prioritize exploration targets for drilling.
FORWARD-LOOKING STATEMENTS
This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. 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 may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
Contacts:
Handa Copper Corporation
Marek Kreczmer
CEO
(604) 601-6926
Handa Copper Corporation
Jon Stacey
President
+260 966 206 525
Lusaka, Zambia
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Datum: 27.04.2015 - 11:00 Uhr
Sprache: Deutsch
News-ID 388596
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Mining & Metals
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