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07.09.2010
Bass Metals Ltd.: New Encouraging Drill Results from Switchback Target
Bass Metals Ltd.: New Encouraging Drill Results from Switchback Target
7 September 2010
Dear Sir
Bass Metals Ltd (ASX:BSM) is pleased to report further encouraging drill results from its Switchback target, located on its Hellyer Mine lease in NW Tasmania.
The latest intercept comprises 3.95 metres of massive base metal sulphide mineralisation grading 5.9 % zinc, 2.4 % lead, 79 g/t silver and 1.1 g/t gold within diamond drill hole HED19. A schematic drill section showing drill hole orientation and geology is presented in Figure 1. The latest drill hole is approximately 60 metres south of drill hole HED16 which intersected 2.35 metres grading 25 % zinc, 8.7 % lead, 192 g/t silver and 4.9 g/t gold within an overall 9.25 metre zone at 8.5 % zinc, 3.3 % lead, 69 g/t silver and 1.6 g/t gold.
The latest drill intercept, like HED16 is also associated with massive sulphide clasts within a mass flow unit interpreted to have been shed from a distinct massive sulphide mound located somewhere between the Hellyer and Que Deposits.
This is a very encouraging advancement of the prospect on two fronts; Bass considers that the mass flow hosted mineralisation has resource potential and secondly that the high-grade massive sulphide clasts may vector into a new primary massive sulphide deposit. A follow-up diamond drill hole is in progress.
Bass is exploring for large scale, high grade polymetallic (copper-lead-zinc-silver-gold) volcanogenic massive sulphide (VMS) deposits in the Mt Read Volcanic belt, in NW Tasmania. These deposit styles generally occur in clusters, and Bass’ exploration focus is around the Hellyer-Que River VMS system which occurs on its Mining Leases within 5km radius of its Hellyer Mill. A general location plan is presented in Figure 2.
Yours Sincerely
Mike Rosenstreich
Managing Director
Figure 1: Schematic drill section for HED16 and HED19
To view figure 1, please follow the link:
http://www.bassmetals.com.au/aurora/assets/user_content/File/asx%20releases/883556.pdf
Competent Person
The information within this report that relates to exploration results is based on information compiled by Mr Kim Denwer and Mr Mike Rosenstreich who are both full time employees of the Company. Mr Rosenstreich is a Member of The Australasian Institute of Mining and Metallurgy and Mr Denwer is a Member of the Australian Institute of Geoscientists. They both, individually have sufficient experience relevant to the styles of mineralisation and types of deposits under consideration and to the activities currently being undertaken to qualify as a Competent Person(s) as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and they consent to the inclusion of this information in the form and context in which it appears in this report.
Technical Detail
This Report aims to provide a high level summary of various technical aspects of the Company’s projects. For more details on the underlying technical parameters the reader is referred to the ASX Reports on the Bass Metals’ website, www.bassmetals.com.au .
Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Bass Metals Ltd’s planned development and exploration programmes and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although Bass Metals Ltd believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.
Figure 2: General location plan of the Hellyer-Que area highlighting Switchback Target
To view figure 2, please follow the link:
http://www.bassmetals.com.au/aurora/assets/user_content/File/asx%20releases/883556.pdf
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7 September 2010
Dear Sir
Bass Metals Ltd (ASX:BSM) is pleased to report further encouraging drill results from its Switchback target, located on its Hellyer Mine lease in NW Tasmania.
The latest intercept comprises 3.95 metres of massive base metal sulphide mineralisation grading 5.9 % zinc, 2.4 % lead, 79 g/t silver and 1.1 g/t gold within diamond drill hole HED19. A schematic drill section showing drill hole orientation and geology is presented in Figure 1. The latest drill hole is approximately 60 metres south of drill hole HED16 which intersected 2.35 metres grading 25 % zinc, 8.7 % lead, 192 g/t silver and 4.9 g/t gold within an overall 9.25 metre zone at 8.5 % zinc, 3.3 % lead, 69 g/t silver and 1.6 g/t gold.
The latest drill intercept, like HED16 is also associated with massive sulphide clasts within a mass flow unit interpreted to have been shed from a distinct massive sulphide mound located somewhere between the Hellyer and Que Deposits.
This is a very encouraging advancement of the prospect on two fronts; Bass considers that the mass flow hosted mineralisation has resource potential and secondly that the high-grade massive sulphide clasts may vector into a new primary massive sulphide deposit. A follow-up diamond drill hole is in progress.
Bass is exploring for large scale, high grade polymetallic (copper-lead-zinc-silver-gold) volcanogenic massive sulphide (VMS) deposits in the Mt Read Volcanic belt, in NW Tasmania. These deposit styles generally occur in clusters, and Bass’ exploration focus is around the Hellyer-Que River VMS system which occurs on its Mining Leases within 5km radius of its Hellyer Mill. A general location plan is presented in Figure 2.
Yours Sincerely
Mike Rosenstreich
Managing Director
Figure 1: Schematic drill section for HED16 and HED19
To view figure 1, please follow the link:
http://www.bassmetals.com.au/aurora/assets/user_content/File/asx%20releases/883556.pdf
Competent Person
The information within this report that relates to exploration results is based on information compiled by Mr Kim Denwer and Mr Mike Rosenstreich who are both full time employees of the Company. Mr Rosenstreich is a Member of The Australasian Institute of Mining and Metallurgy and Mr Denwer is a Member of the Australian Institute of Geoscientists. They both, individually have sufficient experience relevant to the styles of mineralisation and types of deposits under consideration and to the activities currently being undertaken to qualify as a Competent Person(s) as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and they consent to the inclusion of this information in the form and context in which it appears in this report.
Technical Detail
This Report aims to provide a high level summary of various technical aspects of the Company’s projects. For more details on the underlying technical parameters the reader is referred to the ASX Reports on the Bass Metals’ website, www.bassmetals.com.au .
Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Bass Metals Ltd’s planned development and exploration programmes and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although Bass Metals Ltd believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.
Figure 2: General location plan of the Hellyer-Que area highlighting Switchback Target
To view figure 2, please follow the link:
http://www.bassmetals.com.au/aurora/assets/user_content/File/asx%20releases/883556.pdf
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=AU000000BSM8">http://www.irw-press.com/alert_subscription.php?lang=en&isin=AU000000BSM8</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.