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ISO Isoenergy Ltd

3.40
-0.07 (-2.02%)
25 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Isoenergy Ltd TSX:ISO Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.07 -2.02% 3.40 3.37 3.50 3.47 3.25 3.25 107,674 21:11:03

Celeste Reports Positive Drilling Results

27/01/2010 1:02pm

Marketwired Canada


Celeste Copper Corporation (TSX VENTURE:C) ("Celeste" or the "Corporation") is
pleased to announce the results for two diamond drill holes that includes 0.505%
copper and 0.205 ppm gold over a core interval of 78.50 metres from its recently
completed diamond drilling program on the Negrita, Zappaler and Oro de Manto
mineral concessions located in the Cabeza de Vaca mineral district,
approximately 30 kilometres East from Copiapo, Chile. 


The main focus of the 2009 diamond drilling program was to test several areas of
widespread anomalous Induced Polarization chargeability, resistivity and
magnetic susceptibility responses (see News Release dated September 10, 2009). A
total of six holes were competed (2894 metres) during the drilling program.


Mr. Elmer Stewart, President and CEO of Celeste stated, "We are very pleased
with the grade and apparent thickness of the mineralization intersected to date.
These mineralized intersections supports Celeste's belief in the potential of
the Cabeza de Vaca district, for porphyry style copper-gold mineralization".


2009 Diamond Drilling Program

The weighted average grade of the mineralized intervals reported below was
estimated using a 0.05% copper cut-off grade. The apparent core length and
weighted average grades for the two diamond drill holes are set out in Table 1. 




Table 1 - Summary Drilling Results

----------------------------------------------------------------------------
                                                Depth       From         To
----------------------------------------------------------------------------
DDH #         Northing    Easting    Dip           (m)        (m)        (m)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DDH-01-9       6946362     398798    -55          500     203.50     282.00
                                            including     216.00     221.00
----------------------------------------------------------------------------
DDH-03-09      6945670     398902    -75        437.8      14.00      48.00
                                            including      31.00      48.00
                                                           85.00      97.00
----------------------------------------------------------------------------
----------------------------------------------------------------------------

----------------------------------------------------------------------------
                                Interval       Copper       Gold     Silver
----------------------------------------------------------------------------
DDH #                                 (m)          (%)      (ppm)      (ppm)
----------------------------------------------------------------------------
DDH-01-9                           78.50        0.505      0.205       1.37
                                    5.00        2.240      0.346       5.20
----------------------------------------------------------------------------
DDH-03-09                          34.00        0.216      0.240       1.41
                                   17.00        0.368      0.115       1.27
                                   12.00        0.096      0.033       0.33
----------------------------------------------------------------------------
----------------------------------------------------------------------------

The intervals set out in the above table are not true widths.



DDH-01-09 was drilled below the Teta B tourmaline breccias and intersected a
mineralized section of medium grained weakly to moderately argillized quartz
diorite. The mineralized interval contains numerous thin crosscutting
tourmaline/chalcopyrite veining from 203.5 metres ("m") to 238.0 m and from
238.0 m to 282.0 m thin tourmaline-pyrite-chalcopyrite veins and disseminated
sulphides. The samples from the interval from 216.0 m to 221.0 m were assayed
for copper, gold and silver and are on average four times higher than the
average concentration for copper and silver over the mineralized interval. 


DDH-03-09 was drilled to test an Induced Potential chargeability anomaly located
below the Galleria tourmaline breccia. The mineralization in the interval 14.0 m
to 31.0 m occurs in a tourmaline breccias. This interval contains significant
gold and silver concentrations but highly variable (range from 9 to 4,300 parts
per million) copper values. The interval from 32.0 m to 48.0 m is a weakly to
moderately argillized quartz diorite that contains lower gold and silver
concentration but consistently higher copper values. The interval from 48.0 m to
75.0 m is the same quartz diorite as noted above with copper values ranging from
96 to 2,660 ppm. The interval from 75.0 m to 99.0 m is described as a granite
porphyry with copper values ranging from 214 to 1,450 ppm and averaging 748 ppm
copper. 


Diamond Drilling and Analytical Procedures:

The diamond drilling was completed using a standard HQ and NQ diameter core
barrels with the NQ core barrels being used where necessary. The cores were
split using a manual splitter and one half of the core was collected for sample
preparation and analysis and the other half is retained for future reference.
The sample intervals varied between one-half metre and one metre. 


Sample preparation was completed by ALS Patagonia S.A. ("ALS") located in
Coquimbo, Chile using the following procedure: Core samples are prepared using a
2 stage crushing on a jaw crusher to 70% passing 10 mesh screen. A 250 gram
sub-sample of the crushed material is pulverized to 85% passing minus 200 mesh
screen. The sub sample is rolled and homogenized. 


All samples are analyzed using the ME-ICP41 methodology. Samples with greater
than 10,000 ppm copper are re-analyzed using a multi acid leach (Cu-AA62) and
Atomic Absorption Spectrometry ("AAS"). 


Gold analyses are completed on a 30 gram sample (Au-AA32 methodology) using fire
assay and AAS. ALS has a 9001 International Standard Organization ("ISO") rating
and is independent of Celeste Copper Corporation.


About Celeste:

Celeste is a Canadian corporation currently focused on the exploration of its
copper property located in central Chile. The Corporation is planning to assess
other future copper and copper-gold properties for exploration and development
opportunities throughout Chile. 


Celeste shares trades on the TSX Venture exchange under the symbol C. The
Corporation's website can be accessed at www.celestecopper.com. 


Elmer B. Stewart, MSc. P. Geol., President of Celeste, is the Corporation's
nominated Qualified Person pursuant to National Instrument #43-101, Standards
for Disclosure for Mineral Projects, has reviewed the technical information
disclosed in this news release.


For more information on Celeste please visit our website at www.celestecopper.com.

Forward Looking Statements: This news release contains forward - looking
information including but not limited to comments regarding the timing and
content of upcoming work programs and geological interpretations. Forward -
looking information includes disclosure regarding possible future events and
therefore, involves inherent risks and uncertainties. For any forward looking
information given, management has assumed that the analytical results it has
received are reliable, and has applied geological interpretation methodologies
which are consistent with industry standards. Although management has a
reasonable basis for the conclusions drawn, actual results and interpretations
of the data may differ materially from those currently anticipated in such
statements. For such statements, we claim the safe harbor.


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