Monarch Releases Initial Odd Twins Results
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/25/11 -- Monarch Energy (TSX VENTURE: MNL)(FRANKFURT: EIY1) has received initial results from its Odd Twins industrial mineral project located near Lourdes on the Port au Port Peninsula in Western Newfoundland. Three NQ diameter holes were drilled in late 2010 to test a twin-peaked linear magnetic anomaly that is known from a ship-borne magnetometer survey in 1969. The holes were drilled from shore into outcropping exposures of the clastic Winterhouse formation, a steeply dipping member of the Late Ordovician Long Point Group. All three holes encountered alternating red, green and buff sandstone and shale beds which ranged in thickness up to 1 metre.
Three bulk samples were sent to New Brunswick Research Council in Fredericton for evaluation. Sample J1833-1 is from surface outcrops and Samples 2 and 3 are from the upper part of drill holes L10-01 and L10-02 respectively. Samples were crushed and heavy minerals were gravity separated. Concentrates were assayed and analyzed by Scanning Electron Microprobe. Preliminary results for gold and platinum group elements are presented in Table 1.
To view Table 1: Gold and PGE analyses from three Odd Twins bulk samples, please visit the following link:
The following results (Table 2) were also reported from whole rock analyses.
Table 2. Iron, Chromium and Titanium Concentrations from three Odd Twins bulk samples.
Continuing work on the samples will consist of detailed mineralogical studies, and analyses for rare earth element concentrations. An economic evaluation of the results is currently under way.
Dr. Ulrich Kretschmar, PhD., PGeo (APGO No. 1160), is the qualified person and has approved the wording of the technical descriptions in this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Monarch Energy Limited
Gerald Otterman
604 641 1379
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Datum: 25.08.2011 - 13:00 Uhr
Sprache: Deutsch
News-ID 59272
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Oil & Gas
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