Published:
Duran Results from the Pasacancha Silver Target
Glenn O' Gorman, P. Eng., President of Duran Ventures Inc. (NEX BOARD: DRV.H), and David A. Bending, P.Geo., VP Exploration of Duran, both Qualified Persons as defined in National Instrument 43-101 are pleased to report additional underground sampling assay results from the Pasacancha Silver (Ag), Gold (Au), Lead (Pb), Zinc (Zn) Porphyry Target at the Aguila Project in Peru. Duran is earning a 50% interest in the 1,100 hectare Aguila Project in Ancash, Peru (June 23, 2003 news release) from MacMillan Gold Corp. (TSX VENTURE: MMG).
The exploration work as reported was planned and supervised by Mr. Bending. All samples were delivered to BIS Inspectorate Laboratories in Lima, Peru for preparation and were subjected to ICP analysis following Aqua Regia digestion. Many assay results exceeded the ICP/AQR upper limits. All base metal samples whose values exceeded the upper limits were re-assayed using AQR/AA while Silver and Gold were re-assayed by fire assay followed by AA or Gravimetric finish at the BIS Inspectorate Laboratory in Reno, Nevada.
The Pasacancha Target represents an exciting new discovery for Duran. Duran has collected 405 rock chip samples to date from 1,180 metres of accessible underground tunnels. Sampling results from 172 of these were news released November 9, 2006. Results from the remaining samples have been received and compiled collectively with the previously released assays as tabulated below and shown on the attached sketch maps. An additional 2,400 metres of underground tunnels have been safely accessed and are in the process of being sampled. Work will continue to access more workings. It is estimated more than 10,000 metres of tunnels exist at Pasacancha. The Aguila Project also hosts the Aguila Main Copper (Cu) Molybdenum (Mo) Porphyry Target and the Aguila East Target thought to represent a second potential Cu-Mo target adjacent to the Aguila Main Target. A drilling permit application which will allow for drilling at all three targets including the Pasacancha is scheduled for January submission.
These assay results confirm that Duran has discovered a significant polymetallic porphyry system at the Pasacancha located approximately 2,000 metres east of the Aguila Cu-Mo porphyry targets. Duran's evaluation of Pasacancha is at an early stage. Initial mapping of the surface expression indicates that the target extends more than 2,000 metres in the north-south direction and has widths exceeding 250 metres in the east-west direction. The underground tunnels are located at an elevation several hundred metres below the surface expression of the Pasacancha. Assay results from the underground sampling along the San Ernesto Tunnel confirm that it is mineralized along its full length of 427 metres with an estimated east-west true width 258.8 metres with grades averaging 0.15 g Au/t; 62.0 g Ag/t; 0.12% Cu; 0.56% Pb; and 0.34% Zn. The accessible portion of the Purisima Tunnel was also mineralized along its full sampled length of 117 metres with an estimated true width 102.6 metres with grades averaging 0.13 g Au/t; 73.6 g Ag/t; 0.06% Cu; 0.92% Pb; and 0.46% Zn. The Asuncion Tunnel is mineralized over its full sampled length of 75.0 metres with an estimated true width of 73.5 metres with grades averaging 0.46 g Au/t; 41.4 g Ag/t; 0.02% Cu; 0.32% Pb; and 0.01% Zn.
The workings tabulated under the heading "Additional Sampling Results" were sampled by chip sampling along the walls of the tunnels. These tunnels follow N-NW trending shears which are associated with high metal values. These results are published herein for completeness but they have been excluded from the overall averages of the San Ernesto and Purisima Tunnels.
PASACANCHA TUNNEL SAMPLING RESULTS
---------------------------------------
---------------------------------------
Description Sampled TRUE g Au/t g Ag/t Cu Pb Zn
Width Width ppm ppm ppm
--------------------------------------------------------------------------
--------------------------------------------------------------------------
SAN ERNESTO TUNNEL
San Ernesto Main 223.00 177.20 0.08 37.2 1,489 4,668 2,145
-Including 33.00 26.40 0.16 68.4 8,448 8,431 678
-And also including 131.00 103.60 0.09 43.5 277 5,431 3,180
San Ernesto 3R 204.00 81.60 0.31 115.7 547 7,708 6,094
------------------------------------------------
TOTAL San Ernesto 427.00 258.80 0.15 62.0 1,192 5,627 3,390
PURISIMA TUNNEL
Purisima Main 93.00 88.20 0.13 79.0 532 8,879 4,423
Purisima Jog Tunnel 24.00 14.40 0.18 59.9 883 13,775 6,287
------------------------------------------------
TOTAL Purisima 117.00 102.60 0.13 73.6 555 9,203 4,583
ASUNCION TUNNEL 75.00 73.50 0.46 41.4 234 3,234 98
-Including 15.00 15.00 2.14 172.6 184 7,048 74
SAN AUGUSTO TUNNEL 35.00 35.00 0.02 7.8 75 642 43
Additional Sampling
Results
San Ernesto 4L 127.00 50.80 0.09 79.8 473 10,992 7,740
San Ernesto 3L Haulage 18.00 13.50 0.17 24.7 735 2,816 3,003
San Ernesto 3L main 138.30 86.07 1.16 94.2 1,093 5,764 6,864
San Ernesto 3LL 18.00 9.00 0.12 47.3 364 9,584 2,566
San Ernesto 3LLR 13.90 10.52 0.02 4.5 357 412 4,887
San Ernesto 3L R 23.00 14.05 0.88 292.0 442 4,316 1,804
San Ernesto 2L 36.50 17.43 0.20 14.8 1,637 6,494 1,404
San Ernesto 2R 26.00 12.20 0.11 20.4 157 2,792 624
San Ernesto 1L 7.30 2.19 0.00 4.9 331 2,397 835
San Ernesto 1R 16.00 4.80 0.00 4.8 226 1,141 190
Purisima 1L 31.50 15.75 3.63 1,302.0 747 96,848 4,753
Purisima 2R 30.00 12.00 0.29 143.6 293 16,698 2,006
Purisima 2L 45.00 22.50 2.29 349.6 1,195 26,897 652
Shown in BOLD: over 0.5 g Au/t, over 50 g Ag/t, over 5,000 ppb Cu/Pd/Zn
(0.5%)
There are 3 maps available. To view them, please click the link below:
http://www.ccnmatthews.com/docs/3mapsd.pdf
The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this news release.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily NewsTags: ,Manufacturing and Production:MiningandMetals, ,KY,TORONTO, ONTARIO
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