St. Elias Mines Ltd.: Tesoro Gold Project, Peru
Field Portion of Titan 24 Geophysical Survey Completed
October 21, 2009. Source:
St. Elias Mines Ltd.: News Release 2009-20
Lori McClenahan, President of St. Elias
Mines Ltd. ("St. Elias" or the "Company"),
announces that Quantec Geoscience Ltd. ("Quantec"), a
leading global provider of geoscience solutions, has now
completed fieldwork for the Titan 24 deep electrical
earth imaging at the Tesoro Gold Project in southwestern
Peru. The Company completed nine lines of survey
totalling 21.6 line kilometres. The field data collected
from the survey has been transferred to Quantec's head
office in Ontario where it is being compiled, processed
and interpreted by experienced professionals. Results
will be released when available.
Over the past 20 years, Quantec has completed in
excess of 3,000 geophysical projects worldwide including
over 400 Titan 24 surveys. The Titan 24 deep earth
imaging system is the most advanced electrical earth
imaging technology available. Measuring parameters of DC
(resistivity), IP (chargeability) and MT (magnetotelluric
resistivity), the Titan measures to depths of 750 metres
with IP and to depths of more than 1.5 kilometres with
MT data. These depths and multiparameter data make the
system one of the best options available for obtaining
subsurface information related to geologic structure and
for the direct detection of mineral deposits.
Results of the survey will be used in assisting the
Company in identifying potential for economic
mineralized targets at depths. Targets identified from
this survey will be tested with drilling.
The Tesoro Gold Project is 100% owned by the Company
with no underlying royalties. The Property covers
approximately 2,000 hectares (5,000 acres) and is part
of the well-known gold-bearing Nazca-Ocona belt that is
located in southern Peru. The Nazca-Ocona gold belt has
a long mining history dating back to pre-Incan time.
Gold is associated with disseminated to semi-massive
sulphides in quartz veins cutting a diorite intrusion.
The continuity of the quartz veins and fractures is very
impressive in the Nazca-Ocona belt. While the veins tend
to be narrow, the grade is significant and the
mineralized structures tend to extend along strike for
kilometres and to depths of up to 1,000 metres.
For additional information on St. Elias and its
projects, please visit us at
www.steliasmines.com or call 1-888-895-5522 (toll
free US and Canada).
ST. ELIAS MINES LTD.
Lori McClenahan
President
This News Release may contain forward-looking
statements including, but not limited to, comments
regarding the timing and content of upcoming work
programs, geological interpretations, potential mineral
recovery processes, etc. Forward-looking statements
address future events and conditions and therefore
involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated
in such statement.
St. Elias Mines Ltd.: Tesoro Gold Project, Peru
Titan 24 Geophysical Survey Commences
VANCOUVER, BRITISH COLUMBIA.
September 22, 2009. Source:
News Release
2009-14
Lori McClenahan, President of St. Elias Mines Ltd. ("St. Elias" or the
"Company"), is pleased to announce that the Company has retained Quantec
Geoscience Ltd. ("Quantec") to conduct a Titan 24 geophysical survey at
the Tesoro Gold Project located in southwestern Peru. The survey is
scheduled to commence on September 30, 2009.
The Titan 24 survey for the Tesoro Project will consist of nine survey
lines (totalling 21.6 line kilometres) of DCIP and MT data acquisition.
Each Titan 24 line will be approximately 2.4 kilometres long with each
survey line having the ability to read (acquire data) over a 100m wide
zone. The estimated time for the field portion of the project will be 16
days. All field data will then be compiled, processed and interpreted by
experienced professionals at Quantec's Interpretation Centre in Toronto,
Ontario. Results will be released when available.
Quantec Geoscience Ltd.
Quantec is a 22 year old company engaged in the provision of advanced
geophysical surveys and services for the mineral, geothermal and oil and
gas exploration industries. Quantec's cutting edge technology has
positioned them as a world leader in geophysical data acquisition. The
Titan 24 is a key technology of Quantec used to assist in finding
economic mineralized targets at depth.
Titan 24 Geophysical Survey
The program has been designed specifically to map and detect mesothermal
gold mineralization to depth within the Tesoro Project for drill
targeting. Titan 24 is the leading deep earth imaging technology for
delineating ore bodies to depth. While deep drilling can be expensive,
Titan 24 focuses drilling and achieves success by clearly prioritizing
targets. With the depth achieved, Titan 24 is a highly cost effective
means to not only unlocking, but realizing a property's full value.
Measuring the parameters of DC (resistivity), IP (chargeability) and MT
(magnetotelluric resistivity), Titan 24 measures to depths of 750 meters
with IP and can explore beyond 1.5 kilometers with MT data. These depths
and multi-parameter data make the system the best option available for
obtaining deep subsurface pre-drilling information related to geological
structure and for the direct detection of mineral deposits anywhere in
the world.
The Tesoro Gold Project
The Tesoro Gold Project is 100% owned by the Company with no underlying
royalties. The Property covers approximately 2,000 hectares (5,000 acres)
and is part of the well-known gold-bearing Nazca-Ocona belt that is
located in southern Peru. The Nazca-Ocona gold belt has a long mining
history dating back to pre-Incan time. Gold is associated with
disseminated to semi-massive sulphides in quartz veins cutting a diorite
intrusion. The continuity of the quartz veins and fractures is very
impressive in the Nazca-Ocona belt. While the veins tend to be narrow,
the grade is significant and the mineralized structures tend to extend
along strike for kilometres and to depths of up to 1,000 metres.
To date, the Company has identified five mineralized zones with more than
50 quartz veins (having a total combined length of 9km) at the Tesoro
Project and has carried out underground exploration and development work
on two of these veins (C1 and A4 Veins.) The veins are mesothermal,
indicating that the vein structures may extend to considerable depths.
The Tesoro Property has never been evaluated to depth, or to its full
strike potential. This leaves a large potential for the discovery of
additional mineralization.
Qualified Person
All technical work is being supervised by, and the contents of this news
release have been verified by, John Brophy, P.Geo., a Canadian geologist
residing in Peru, who is a "qualified person" as defined in National
Instrument 43-101, Standards of Disclosure for Mineral Projects.
For additional information on St. Elias and its projects, please visit us
at www.steliasmines.com or call 1-888-895-5522 (toll free US and Canada).
ST. ELIAS MINES LTD.
Lori McClenahan, President
This News Release may contain forward-looking
statements including, but not limited to, comments
regarding the timing and content of upcoming work
programs, geological interpretations, potential mineral
recovery processes, etc. Forward-looking statements
address future events and conditions and therefore
involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated
in such statement.
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