Zinc

[Lone Clone]

Terramin details resource for Algerian zinc project

http://www.mineweb.net/mineweb/view/mineweb/en/page66?oid=21611&sn=Detail

Adelaide-based Terramin Australia has produced a JORC Code compliant resource for the Tala Hamza zinc-lead deposit in Algeria.
Author: Ross Louthean
Posted: Thursday , 31 May 2007

PERTH -

Terramin Australia Ltd. (ASX: TZN) announced today that a JORC compiant resource of 55 million tonnes grading 5% zinc and 1.2% lead, using a cut-off grade of 2.5% Zn has beenproduced for its Tala Hamza deposit in Algeria. It further said that this was 83% higher than the original non JORC Code for this deposit, made several years ago.

Terramin's Executive Chairman, Dr Kevin Moriarty, said the resource estimate, prepared by Golder Associates, was an inferred mineral resource because it was largely based on earlier drill results from the Algerian Government's exploration arm, ORGM.

Golder Associates made its estimate on the basis of assay results from 30 diamond core drill holes completed by ORGM and four diamond core holes by Terramin.

"When Terramin completes this stage of its drill programme in September, we expect to be able to estimate an Indicated resource," Moriarty said.

"Many of the older holes did not reach the base of the mineralisation and so the full depth extent is not known. The deposit is also open to the south, where recent announcements reported additions of more than 30m of the high grade (>12% Pb+Zn) mineralisation beneath the previous drilling."

Terramin has also reached an advanced stage in developing the Angas zinc-lead-silver mine near Adelaide in South Australia.