We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Channel Resources Ltd. | TSXV:CHU | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
Hot Features
Premium
Channel Resources Ltd. ("Channel" or the "Company") (TSX VENTURE:CHU) is pleased
to report on the results of metallic screen assays that were performed on
selected intersections from previously reported drill holes in the Mankarga Zone
of the Tanlouka Gold Project. These results confirm the presence of coarse gold
in both Mankarga 1 and Mankarga 5 target areas, demonstrating the need for
adjustments in sample analysis methods in future drill programs.
A total of 78 samples from three holes in the Mankarga Zone were re-submitted to
Abilab Burkina SARL (ALS Laboratory Group) in Ouagadougou. The metallic screen
method separates 1000 grams of the final prepared pulp over a 100-micron dry
screen. Coarse (+100 micron) and fine (-100 micron) fractions are then analyzed
separately using standard fire assay procedures and the weighted average grade
is then computed. This sampling method more accurately assesses gold grades in
rock types where coarse gold is present that would not necessarily be
represented in the standard fire assay method.
Mankarga 1
Forty six samples (each representing a two-metre sample interval) were
re-assayed from Tan10-RC12 and Tan 10-RC13 in the Mankarga 1 target area. The
results from Tan10-RC12 show an average 50% increase in the metallic screen
assays over those from standard fire assays for the 20 samples tested. An
average increase of 10% was similarly indicated for the 26 samples tested from
hole Tan10-RC13.
Of the total forty six samples, 38 samples from Mankarga 1 which graded lower
than 1 gram per tonne gold (g/t Au) in the original fire assays showed an
average 13% increase in grade and the remaining 8 samples, grading over 1 g/t
Au, showed an average 18% increase in grade in the metallic screen assays.
Please refer to Appendix 1 for a comparison of each sample analysis.
Mankarga 5
Thirty two samples were re-assayed from Tan10-RC21 in the Mankarga 5 target area
and showed an average 10% overall increase in grade using the metallic screen
assay method over the standard fire assay method. Twenty seven of these samples
with a grade lower than 1 g/t Au showed an average increase of 6% in the
metallic screen versus standard fire assay methods, while five samples that
grade over 1 g/t Au showed a 27% increase in grade using the metallic screen
method. Please refer to Appendix 1 for a comparison of each sample analysis.
Detailed methodology used ALS Chemex for Metallic Screen Analysis:
Sample Decomposition: Fire Assay Fusion (FA-FUS05)
Analytical Method: Gravimetric
The sample pulp is passed through a 100 micron (Tyler 150 mesh) stainless steel
screen. Any material remaining on the screen (+) 100 microns is retained and
analyzed in its entirety by fire assay with gravimetric finish and reported as
the Au (+) fraction. The material passing through the screen (-) 100 micron
fraction) is homogenized and two sub-samples (50g) are analyzed by fire assay
with AAS finish (Au-AA26 and Au-AA26D). The average of the two AAS results is
taken and reported as the Au (-) fraction result. All three values are used in
calculating the combined gold content of the plus and minus fractions. The gold
values for both the (+) 100 and (-) 100 micron fractions are reported together
with the weight of each fraction as well as the calculated total gold content of
the sample.
Channel Resources Ltd. is a Canadian TSX.V listed mineral exploration Company
which has an option to earn a 90% interest in the Tanlouka Gold Project in
Burkina Faso, West Africa, the terms of which the Company has already satisfied,
and an option to earn 100% in the Fox Creek Lithium / Potash Brine Project in
Alberta. At Tanlouka, Channel has recently discovered multiple mineralized zones
that are now being explored and expanded through a 10,000 metre reverse
circulation drilling program. At Fox Creek, a bulk sample of brine sourced from
producing natural gas wells is undergoing process testing to determine the most
efficient method of producing various industrial minerals from the brine,
including lithium carbonate, potash, bromine and borates. The Company is
financed to advance both projects through their current programs, and is
actively searching for additional opportunities to expand its project portfolio.
Some of the statements contained herein are forward-looking statements which
involve known and unknown risks and uncertainties. Without limitation,
statements regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward looking
statements that involve various degrees of risk. The following are important
factors that could cause the Company's actual results to differ materially from
those expressed or implied by such forward looking statements: changes in the
price of minerals, general market conditions, risks inherent in mineral
exploration, risks associated with development, construction and mining
operations, the uncertainty of future profitability and the uncertainty of
access to additional capital. The Company undertakes no obligation to update
publicly or otherwise revise any forward-looking statements or the foregoing
list of factors, whether as a result of new information or future events or
otherwise. Further disclosure on risk factors is available in the Company's
various corporate filings at www.sedar.com.
Appendix 1
----------
Mankarga 1
TAN11-RC12
--------------------------------------------------
Standard Fire Metallic Screen
Assay Analysis
Sample # (g/t Au) (g/t Au)
--------------------------------------------------
1032 0.01 0.01
--------------------------------------------------
1033 38.2 50.2
--------------------------------------------------
1034 34.7 37.8
--------------------------------------------------
1035 51.2 92.5
--------------------------------------------------
1036 3.00 2.83
--------------------------------------------------
1037 0.08 0.12
--------------------------------------------------
1041 0.01 0.01
--------------------------------------------------
1042 0.08 0.01
--------------------------------------------------
1043 0.01 0.01
--------------------------------------------------
1044 0.20 0.18
--------------------------------------------------
1045 0.01 0.05
--------------------------------------------------
1046 0.02 0.07
--------------------------------------------------
1047 0.01 0.11
--------------------------------------------------
1051 0.02 0.01
--------------------------------------------------
1052 0.02 0.11
--------------------------------------------------
1053 0.01 0.11
--------------------------------------------------
1054 3.09 3.35
--------------------------------------------------
1055 0.07 0.05
--------------------------------------------------
1056 0.16 0.06
--------------------------------------------------
1057 0.12 0.07
--------------------------------------------------
----------
Mankarga 1
TAN11-RC13
--------------------------------------------------
Standard Fire Metallic Screen
Assay Analysis
Sample # (g/t Au) (g/t Au)
--------------------------------------------------
1135 0.37 0.88
--------------------------------------------------
1136 0.55 0.89
--------------------------------------------------
1137 0.05 0.23
--------------------------------------------------
1141 0.01 0.01
--------------------------------------------------
1142 0.03 0.33
--------------------------------------------------
1143 0.01 0.01
--------------------------------------------------
1144 0.01 0.01
--------------------------------------------------
1145 2.65 2.80
--------------------------------------------------
1146 0.01 0.00
--------------------------------------------------
1147 0.68 0.32
--------------------------------------------------
1148 0.11 0.11
--------------------------------------------------
1149 0.09 0.06
--------------------------------------------------
1150 0.20 0.19
--------------------------------------------------
1151 0.30 0.26
--------------------------------------------------
1152 0.35 0.28
--------------------------------------------------
1153 0.25 0.16
--------------------------------------------------
1154 0.01 0.01
--------------------------------------------------
1155 0.18 0.16
--------------------------------------------------
1156 1.56 1.98
--------------------------------------------------
1157 2.59 2.23
--------------------------------------------------
1161 0.24 0.30
--------------------------------------------------
1162 0.10 0.11
--------------------------------------------------
1163 0.14 0.17
--------------------------------------------------
1164 0.06 0.07
--------------------------------------------------
1165 0.09 0.08
--------------------------------------------------
1166 0.07 0.05
--------------------------------------------------
----------
Mankarga 5
TAN11-RC21
--------------------------------------------------
Standard Fire Metallic Screen
Assay Analysis
Sample # (g/t Au) (g/t Au)
--------------------------------------------------
B0061 0.24 0.20
--------------------------------------------------
B0062 0.17 0.15
--------------------------------------------------
B0063 0.47 0.33
--------------------------------------------------
B0064 0.47 0.67
--------------------------------------------------
B0065 0.50 0.51
--------------------------------------------------
B0066 0.43 0.46
--------------------------------------------------
B0067 0.46 0.45
--------------------------------------------------
B0068 0.31 0.41
--------------------------------------------------
B0069 0.73 0.79
--------------------------------------------------
B0070 0.05 0.05
--------------------------------------------------
B0071 0.02 0.01
--------------------------------------------------
B0072 0.03 0.01
--------------------------------------------------
B0073 0.32 0.42
--------------------------------------------------
B0074 0.51 0.65
--------------------------------------------------
B0075 0.05 0.05
--------------------------------------------------
B0076 0.11 0.13
--------------------------------------------------
B0077 0.25 0.26
--------------------------------------------------
B0081 0.70 0.68
--------------------------------------------------
B0082 0.72 0.79
--------------------------------------------------
B0083 0.96 1.12
--------------------------------------------------
B0084 2.21 2.53
--------------------------------------------------
B0085 0.26 0.35
--------------------------------------------------
B0086 0.38 0.23
--------------------------------------------------
B0087 1.12 1.77
--------------------------------------------------
B0088 2.32 2.73
--------------------------------------------------
B0089 2.85 3.41
--------------------------------------------------
B0090 0.67 0.41
--------------------------------------------------
B0091 0.71 0.41
--------------------------------------------------
B0092 0.45 0.49
--------------------------------------------------
B0093 0.41 0.01
--------------------------------------------------
B0094 0.69 0.30
--------------------------------------------------
B0095 0.23 1.04
--------------------------------------------------
1 Year Channel Resources Ltd. Chart |
1 Month Channel Resources Ltd. Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
