From: Berhane Habtemariam (Berhane.Habtemariam@gmx.de)
Date: Thu Jun 17 2010 - 16:46:28 EDT
Gippsland encouraged by early copper mineralisation found at Adobha
Thursday, June 17, 2010
Gippsland (ASX: GIP) has reported visible copper in the form of malachite
(copper carbonate) collected during exploration completed in May 2010 at its
Adobha Project in Eritrea, located in the Horn of Africa.
The exploration work included the collection of additional drainage samples,
geological mapping and rock-chip sampling.
It was following up very encouraging results obtained from a reconnaissance
drainage geochemical survey of Thematic Mapper (TM) anomalies, completed
during November 2009, which yielded anomalous gold and base metal values
from three target areas (E14, E21 & E26).
The company said presence of widespread copper mineralisation combined with
some high lead values in bedrock samples "significantly upgrades the
prospectivity of Gippsland's Adobha tenements."
Jack Telford, chief executive officer, said "these very encouraging results,
which are consistent with our expectations, greatly increase the potential
for the Adobha tenements to yield a significant VMS style deposit."
"It is particularly encouraging that the company has discovered large areas
of copper mineralisation so early in the overall exploration programme."
At TM anomaly E26 widespread copper mineralisation in bedrock with values up
to 10.63% Cu was received with a large area of discontinuous copper
mineralisation (390m x 520m). Mineralisation is open to the east and north
and copper bearing samples analysed up to 1.15g/t Au.
TM Anomaly E21 (404800E/1905000N) had copper mineralisation identified over
1.7km strike length and there were High lead values (up to 0.97%) that
indicate favourable lithology for VMS deposits.
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