Replies to post #460159 on Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

delete ~ duplicate

[basserdan]

*** Zinc related post (EZM) ***

Fwiw, EZM and MMGG are the two zinc plays I own...


EuroZinc Reports Underground Exploration Drill Results

Tuesday May 9, 9:00 am ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 9, 2006 -- EuroZinc Mining Corporation (TSX:EZM.TO - News)(AMEX:EZM - News) is pleased to announce drill results from its 2006 underground drill program at the Neves-Corvo mine in southern Portugal.

Drill holes targeting the area between the Lombador and Corvo deposits intersected massive sulphide mineralization over a strike length of 175 metres, a down dip distance of 200 metres, at an average thickness of 18 metres. Highlights from the underground drilling in this area include an intercept of 16.6 metres grading 10.0% copper in FL252 and 7.5 metres grading 8.56% copper in FL334.

Drilling was also completed on two sections of the Zambujal deposit as part of an overall program initiated in 2005 to upgrade the inferred resources to the indicated category. The program has been successful in converting 70% of the inferred resource to the indicated category, and increasing the contained copper by 23% and contained zinc by 37% as of December 31, 2005. The drill holes reported below intersected massive sulphide mineralization over a down dip distance of 150 metres at an average thickness of 50 metres. Intersections were primarily zinc rich and include 9 metres grading 7.45% zinc in FZ341 and 11 metres grading 6.31% zinc in FZ347.

Selected drill results from the Lombador-Corvo bridge (3,491 metres in 31 holes) and Zambujal (1,306.4 metres in 7 holes) deposits are highlighted in the table below.

 
 --------------------------------------------------------------------- 
                          Inter-   True 
 Drill     From      To     val   Width       Ore     Cu     Pb     Zn 
 --------------------------------------------------------------------- 
 Hole    Metres  Metres  Metres  Metres      Type      %      %      % 
 --------------------------------------------------------------------- 
 Lombador 
 --------------------------------------------------------------------- 
 FL240    91.00  118.00   27.00   14.50   Massive   3.85   0.71   0.08 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FL244    30.00   45.00   15.00   12.50   Massive   3.09   0.33   0.04 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FL251   139.00  145.45    6.45    3.50   Massive   4.16   0.53   0.08 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FL252    48.35   64.90   16.55   16.55   Massive  10.02   0.89   0.24 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FL265    41.10   45.50    4.40    4.40   Massive   7.09   0.34   0.08 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FL270   155.00  170.00   15.00    9.40   Massive   0.37   0.32   9.50 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FL270   182.00  187.20    5.20    3.25   Massive   5.36   2.19   0.10 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FL282   134.00  142.00    8.00    6.20 Stockwork   4.06   0.20   1.02 
 --------------------------------------------------------------------- 
 FL289    69.00   75.65    6.65    6.65   Massive   3.58   0.16   0.06 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FL334    58.85   66.35    7.50    6.70   Massive   8.56   0.44   0.13 
                                         Sulphide 
 --------------------------------------------------------------------- 
 Zambujal 
 --------------------------------------------------------------------- 
 FZ341   102.00  111.00    9.00    7.25   Massive   0.29   1.36   7.45 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FZ343    70.00   87.00   17.00   16.00   Massive   0.33   0.93   5.08 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FZ345    55.00   66.00   11.00   11.00   Massive   0.32   0.73   5.49 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FZ345    78.00   83.05    5.05    5.05   Massive   3.76   0.21   1.67 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FZ347    50.00   61.00   11.00    9.00   Massive   0.26   1.40   6.31 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FZ355   146.00  162.00   16.00   15.00   Massive   0.40   0.65   5.87 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FZ359   101.00  106.00    5.00    4.50   Massive   0.24   0.39   5.51 
                                         Sulphide 
 --------------------------------------------------------------------- 
 FZ365   135.00  191.10   56.10   51.00   Massive   0.36   0.86   5.47 
                                         Sulphide 
 --------------------------------------------------------------------- 
 

A plan map showing the location of these drill hole intersections is available on the company website at www.eurozinc.com.

The 19,000 metre underground program is focused on upgrading inferred resources at the Neves, Graca, Corvo and Zambujal deposits to the indicated and measured categories, as well as adding to the overall resource base by drilling high-potential areas that are not currently included in the resource. The drill program is approximately 25% complete as of the end of March.

The Company's surface drill program resumed operation after being on standby for eight weeks due to a shortage of drill personnel. Two drills are now in operation on the Neves-Corvo mining lease. As of May 8th, one drill rig is collared on the Lombador deposit and is at 630 metres depth with the target intersection at approximately 750 metres depth. The second drill rig is working on step-out holes along the western side of the Neves deposit. Approximately 6,000 metres of the planned 46,000 metre surface program have now been completed. The Company is currently planning to increase the number of drills operating in order to ensure that the program is completed on schedule.

EuroZinc Mining Corporation is a Canadian based company engaged in the acquisition, exploration, development and mining of base metal deposits internationally.

Garnet L. Dawson, P.Geo. is Vice President of Exploration for EuroZinc Mining Corporation and the designated Qualified Person. Drill core samples are analyzed at the company's fully accredited ISO 17025 mine site laboratory by x-ray fluorescence (copper, lead, zinc, sulphur, iron, tin, arsenic, antimony and bismuth), electrogravimetry (copper), or atomic absorption (zinc, silver, mercury). Samples with greater than 2.00% copper are re-analyzed by electrogravimetry and greater than 2.50% zinc is re-analyzed by atomic absorption.

Certain of the information contained herein constitutes "forward-looking statements" within the meaning of the Private Litigation Reform Act of 1995 of the United States. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of EuroZinc Mining Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, metal price volatility, economic and political events affecting metal supply and demand, fluctuations in ore grade, tonnes of ore milled, geological, technical, and mining or processing problems. Although EuroZinc Mining Corporation has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause actual results not to be anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, prospective investors should not place undue reliance on forward-looking statements.

http://biz.yahoo.com/iw/060509/0127978.html