Pacific Comox receives Famosa assay results
2004-01-20 10:47 ET - News Release
Mr. Donald Empey reports
PACIFIC COMOX RESOURCES LTD. - ADDITIONAL ENCOURAGING ASSAY RESULTS RECEIVED FOR THE FAMOSA SILVER PROPERTY, THE AVERAGE OF SIX SURFACE SAMPLES IS: SILVER 28 OZ/TON, GOLD 1.4 G/T (0.04 OZ/TON), COPPER 1.3%, LEAD 5.9 %, ZINC 4.6%
Pacific Comox Resources has received the copper, lead and zinc assay results from four surface samples on its 100-per-cent-owned Famosa property, which is located approximately 60 kilometres south of Caborca, northern Sonora, Mexico. The gold and silver assays for these four samples and two others were previously reported in Stockwatch on Nov. 13, 2003.
The six grab samples were taken from a rectangular grid about 20 metres by 30 metres in dimension from a depth of approximately one metre. The assay results for the samples taken are reported in the table below. The assays averaged 28 ounces per ton silver, 1.4 grams per tonne (g/t) (0.04 ounce per ton) gold, 1.3 per cent copper, 5.9 per cent lead and 4.6 per cent zinc.
The mineralization represented by these six samples appears to be associated with a fold nose and a crosscutting fault which may form a chimney about 30 metres in diameter. The identified mineralization (argentiferous galena, stibnite and green chlorargyrite) is typical of a carbonate-replacement-type deposit.
Several old workings occur in the area of the Famosa property, including the Union mine located about 1.5 kilometres to the Northeast, which was operated by Penoles in the 1960s. At the Union mine, about 700,000 to one million tons were extracted from a 400-metre-deep replacement pipe in limestone with grades in the order of 10 g/t gold to 20 g/t gold, 300 g/t silver to 800 g/t silver, 7 per cent lead, 1 per cent zinc and 2 per cent antimony.
Pacific Comox is encouraged by the results of the sampling program and believes that the property has excellent potential to host a significant carbonate-replacement-type deposit.
Sample Sample Gold Silver
No. type (g/t) (oz/ton)
PC-75 Grab 0.3 5.4
PC-76 Grab 2.2 6.6
DC-001 Grab 4.3 99.6
DC-002 Grab 1.1 11.6
DC-003 Grab 0.5 42.2
DC-004 Grab 0.2 2.1
Average 1.4 27.9
Sample Copper Lead Zinc
No. (per cent)
PC-75 0.23 3.9 4.1
PC-76 0.01 3.6 3.7
DC-001 5.00 14.0 11.8
DC-002 0.86 3.8 2.4
DC-003 1.43 8.4 4.8
DC-004 0.06 1.8 1.0
Average 1.27 5.9 4.6
Results from an additional seven samples taken in the same general area of the known mineralization are still pending.
A 500-metre reverse-circulation drilling program on the Famosa property to test the lateral and depth extent of the mineralization identified to date is scheduled to begin before the end of January, 2004. Pacific Comox is also currently completing additional surface mapping and sampling on the property.
The sample preparation and assaying for the Famosa grab samples was completed by Actlabs of Tucson, Ariz. The samples were taken under the direction of James Janzen and Cesar Lemas.
In addition to continuing work on the Famosa property, Pacific Comox is planning to drill about 100 short (20-metre) holes on its Mabel property. This program will commence once the drilling is concluded on the Famosa property. The purpose of this drilling program is to followup on the encouraging results of the reverse-circulation drilling program reported in October, 2003.
Assay results from the drilling programs will be reported when available.
More information about the exploration properties and past results are available on the Pacific Comox Web site at www.pacificcomox.com.
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