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MAGR iShares Growth Portfolio UCITS ETF

6.908
0.063 (0.92%)
23 Dec 2024 - Closed
Realtime Data
Name Symbol Market Type
iShares Growth Portfolio UCITS ETF TG:MAGR Tradegate Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.063 0.92% 6.908 6.881 6.937 6.936 6.852 6.852 9,558 22:50:09

Magnum discovers new copper zone

19/11/2003 12:34am

PR Newswire (US)


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Magnum discovers new copper zone TRADING SYMBOL (OTCBB: MAGR) TORONTO, Nov. 18 /PRNewswire-FirstCall/ -- Mr. John Yee, Chairman - Magnum d'Or Resources, has recently returned from a field trip to Mongolia and is pleased to report that the Company has today received the initial summary of the three week geological and geophysical field work program completed this month by Rio Minerals, the contractor. The work was carried out on the mineral concessions held in Mongolia by the Company under option-to-purchase agreements. Two mineral discovery areas are now confirmed and a new discovery has been made. The areas are identified as Magnetite Hill, the Gold - Copper Zone, and the (new) Copper Zone. Diamond drilling targets have been confirmed. A magnetic anomaly 600 meters long by 200 meters wide has been confirmed on Magnetite Hill (open at both ends along strike). An IP survey was also completed over this anomaly. The anomaly is hosted by silicified limestone characteristic of skarn deposits but is unique by the presence of a network of thin quartz-carbonate veining (as quoted in the summary report). "The magnetic anomaly is evidenced on surface by the presence of outcrop/subcrop exposures of strongly silicified and veined limestones. The veining is typically narrow producing an irregular web-like network of chalcedonic and vuggy epithermal style quartz veining. This veining also has a carbonate component." Surface sampling results and assays are pending. On the Gold - Copper Zone (the location of sample 181925 from previous work that showed 0.14 % copper and 213 ppb in gold) surface geological mapping and confirmation sampling was completed. Results are pending. A new discovery of copper mineralization was made on October 26, 2003. This mineralization occurs in an area of epidote-potassic altered fine-grained andesites. Geological mapping has found similar volcanic rocks in an area of approximately 0.5 by 1.0 kilometers surrounding the mineral showings. A more complete summary will be reported as the Company receives the details. All sampling results from all the Zones will be reported as they are received. A number of statements contained in this press release are forward- looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties including but not limited to: competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that Magnum may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. MAGNUM d'Or RESOURCES INC. http://www.magnumexploration.com/ DATASOURCE: Magnum d'Or Resources Inc. CONTACT: Reno J. Calabrigo, President, Telephone: (416) 386-0044, Email:

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