Artha Resources Corporation: Drilling Update at Ivan Alberto Property, Argentina
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/19/11 -- Artha Resources Corporation (TSX VENTURE: AHC) is pleased to announce that the Company has completed a total of eight (8) diamond drill holes, for a total of approximately 1,750m in a planned 14 hole program (Table 1). These holes have all been drilled in the north eastern part of the project and are designed to test the lateral and vertical continuity of the vein swarm previously mapped. The vein system has a surface extent of almost four kilometers in strike length and a total combined width of over one kilometer (Map 1). Four main veins have been targeted in this first phase of drilling, Morocha, Eva, Ivana and Mercedes in the NE part of the project (Map 2). Assays have been received from four holes to date and are summarized in Table 2. Two cross sections have been drafted and are shown in Maps 3 and 4 depicting mineralized intersections.
Highlights;
The Ivan Alberto project is located in the southern part of the Sierra de Quichagua, Jujuy Province Northern Argentina (Map 1). The geology of the area consists of thin-beds of pelitic sediments locally interbedded with 2m-10m thick quartz sandstone beds belonging to the Cochinoca-Escaya Magmatic-Sedimentary Complex of Ordovician age. These sediments have been unconformably covered by Tertiary andesites to the northern and northeastern part of the area. Fresh dacite intrusive porphyries have been mapped to the south, where they occur aligned on a NE-SW fracture system.
The structural pattern shows a well-defined NE-SW trend characterized by reverse faults and folding. Intense fracturing and laminated veins parallel to the NE-SW local bedding have been defined in the southeastern flank of the Sierra de Quichagua, where it forms a broad sheeted zone (4km length x 1km width) originated by compressive stress.
Geological mapping has identified a well defined epithermal vein system striking N40-65E and at least 3.5km length, where ten (10) main mineralized structures and accessory sheeted veins occur: Eva, Morocha, Ivana, Mercedes, Colorada, Liliana, Mariana, Irene, Linda y Morena. The veins are all parallel to bedding and dip 45-85SE; vein thickness ranges between 0.10 to 5.0m. Broader zones of sulphide mineralisation have been observed at surfaced with associated massive sulphide mineralization (Photos 1 and 2). These zones provide key drilling targets.
The mineralization consists of base metal sulphides: sphalerite, galena, chalcopyrite and arsenopyrite, and usually occurs disseminated in quartz and carbonate veins, forming banded textures. Massive sulphides have been observed in rocks adjacent to cross cutting faults (Photo 2). Gold occurs in native submicroscopic particles sporadically in the system.
Artha is pleased by the results to date in our inaugural drilling program on this exciting project and looks forward to providing further market updates as the program continues.
To view photos and maps associated with news release, visit the following link:
Charles Straw, B.Sc., is the qualified person under NI 43-101 responsible for the technical information in this news release.
Artha was founded by a team of mining industry professionals with a proven track record in project generation, exploration, mining and finance. The team's primary goal is to build Artha into a world class mining company, focused on the discovery, development and mining of economic minerals deposits globally.
On Behalf of the Board of Directors,
Todd McMurray, President
Neither 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:
Artha Resources Corporation
Todd McMurray
President, Director
1 604 648 1530
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Datum: 19.09.2011 - 17:37 Uhr
Sprache: Deutsch
News-ID 67265
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