The western area of sell old phones the Bakolobie anomaly has been searched into just to a depth of 25 metres and inspection was previously limited by the northern by property barriers
AZCO's Silver Project in http://www.technollo.com Mali Obtains Favourable Geological Appraisal.The Kenieba District has been active in silver mining because the 3rd century and has lately advanced to multinational prominence with the invention of countless elemental silver deposits. In 1953 lode silver was tracked down in quartz veins within the vicinity of SANOU's Medinandi concession. From 1963 to 1984 SONAREM, the state mining firm, focused entirely on the Medinandi sector under Russian and French (BRGM) aid programs. In 1992 a personal Russian firm attained the Medinandi and Dandoko inspection permits and in time conducted geochemical sampling, auger drilling, trenching and mapping programs. These programs further delineated quite a few known deposits and tracked down a number of new silver targets and anomalies. SANOU's negotiations and title carries of the Medinandi and Dandoko concessions, exclaimed on Sept 17, 1996 by AZCO, have at present been duly concluded.
MEDINANDI CONCESSION
The known silver deposits and geochemical anomalies on the Medinandi concession take place in a region 2600 metres long and up to 1200 metres wide within the south narrowing to 600 metres wide within the northern. In inclusion, there's a elemental anomalous mineralized trend cross cutting this main zone. The chief geochemical anomaly coincides with an sector comprising quite a few hundred shafts sunk by regional artists mining oxide ore declared to be superior to 10 grams/tonne to depths up to twenty metres.
Inspection has represented the Medinandi block to constitute of countless parallel vein systems to that a north and a southern part have been allocated. According to 1967 informations, the Russians helping SONAREM computed possible and probable silver mineralization in the primary trend (zone 1) the following: SOUTHERN Part
,000 ozs) North Part
,000 ozs)
The Russians also computed silver mineralization of 15 tonnes (481,000 ounce) of silver within the Bakolobie sector positioned 10 kilometers northern of the Medinandi main zone. . Even though the info and techniques made use of by the Russians aren't viewed corresponding to help these computations under multinational benchmarks, it is certainly clean which these places encompass substantial huge amounts of silver, which the deposits are open within the three sizes and which a superb chance to confirm and enlarge this mineralization is completely ready to SANOU.
Within the interest of appraising the silver mineralization on the Medinandi concession under benchmarks existing in the commercial, Dr. Daniels reports an forcast based on completely ready informations to a depth of 70 metres and the Australasian Institute of Mining and Metallurgy Code for Reporting of Acknowledged Mineral Bounty and Ore Reserves as prescribed by the Australian Institute of Geoscientists. -0-
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DR. DANIELS' Appraisal
Look At This
Showed Inferred
Silver Mineralization Silver Mineralization
Sector Tonnes Gr/T Ozs Tonnes Gr/T Ozs
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Zone 1 S. 46,345
Zone 1 S. 316,115
Zone 1 N. 1,806,485
Zone 2 82,500 3 7,955
Zone 3 150,000 2 9,645
Bakolobie W. 225,000 2 14,465
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46,345 2,580,665
In an Aug 14, 1996 dossier submitted about the Vancouver Stock Transfer by Oliver Silver Corporation., Mr.. Chisholm,.
. Because this deposit is open in three sizes and SANOU is within the procedure of obtaining 200 sq. kilometre. of neighboring land about the northern, it is certainly fair to think through the former forcast of mineralization can be more than doubled. The development certainly likely of this stretched aim sector contains excellent open pit mining propensities, mostly in the region of the best width of superficial mineralization witnessed to date.
DANDOKO CONCESSION
The Dandoko, or eastern concession, includes quite a few geochemical anomalies and diverse surface and superficial undercover workings by artisanal miners. This sector has four regions proven to be highly prospective, but the targets are at a lawn roots grade and the informations completely ready ain't satisfactory to compute a resource.
In synopsis, the Mining Code of Mali offers incentives for foreign investment, the opportunity of growing and developing an economic silver deposit within the Medinandi concession is high and the Dandoko concession is referred to as to hang elemental inspection certainly likely. As a consequence, Dr. Daniels has commended an aggressive inspection program manufactured to enlarge the silver inventory and up-date the mineralization to mineable classifications in a way that would supply for the punctual completion of a inclusive feasibility learn. The preliminary program is to constitute of geochemical sampling, mapping, distant detecting, ground geophysics, trenching and auger,. $1,800,000, adding up provisions for infrastructure all through inspection. SANOU is finalizing the listings of this course and anticipates to begin preparatory work on site by mid-November 1996 and drilling by early Jan 1997.
On the part of the Board of Controllers of AZCO Mining Inc. David C. Beling
President and Boss Operating Officer
This press release has been planned by leadership of the firm who takes full duty for its contents. The American Stock Transfer and the Toronto Stock market neither certify nor disapprove the contents of this press release.
This press release shall not consist an provide to trade or the solicitation of an provide to purchase, nor shall there be any sale over these securities in any legal system within which such provide, solicitation or sale will be forbidden earlier than subscription or requirement beneath the securities legal procedures of every such legal system.
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