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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| IEMR Resources Inc | TSXV:IRI | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.01 | -50.00% | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 15,000 | 17:37:56 |
From Nov 2019 to Nov 2024
Nine diamond drill holes totaling 5652.7 meters (18,545.5 feet) have been completed as part of the program. The table below lists the completed holes and their locations can be seen in figure 1 (http://media3.marketwire.com/docs/IRI0812.pdf). This brings to total drilling on the property since 2005 to 14,069.7 meters (43,797.5 feet) in 30 holes for the property. Previous drilling was conducted by Mosquito Consolidated Gold Mines Ltd. ("Mosquito"), who currently manages exploration on the Pine Tree project on behalf of IEMR.
--------------------------------------------------------------------------- Hole Northing Easting Elevation dip azimuth Length --------------------------------------------------------------------------- Number feet feet feet degrees degrees feet --------------------------------------------------------------------------- PT10-22 101,901 200,962 7741 -90 000 2128 --------------------------------------------------------------------------- PT10-23 101,900 200,960 7741 -80 280 2266.5 --------------------------------------------------------------------------- PT10-24 101,903 200,964 7741 -65 310 2339.5 --------------------------------------------------------------------------- PT10-25 102,232 199,652 7379 -65 040 2118.5 --------------------------------------------------------------------------- PT10-26 102,015 201,478 7748 -65 250 2159 --------------------------------------------------------------------------- PT10-27 102,235 199,656 7378.5 -70 340 1824 --------------------------------------------------------------------------- PT10-28 101,357 200,969 7752 -75 250 1235 --------------------------------------------------------------------------- PT10-29 102,236 199,661 7378.5 -70 270 2508.5 --------------------------------------------------------------------------- PT10-30 101,969 199,121 7120 -75 170 1966.5 ---------------------------------------------------------------------------
The drill holes encountered three different types of mineralization, corresponding to the three distinct mineralizing events previously identified on the property. These are the older copper bearing calc-silicate skarn replacement, the molybdenum bearing stockwork and the younger arsenopyrite-precious-base metal bearing systems. Assay results will be released once all analytical, check and precious metal analytical work is completed.
Almost the entire core was sampled and cut in half using a diamond saw. Half the core is sent for analysis with the other half being kept and stored at the core facility located on site. Following cutting the samples are picked up directly by ALS Chemex and taken to their fully accredited analytical laboratory in Reno. They are first analyzed for 47 elements using a four (4) acid digestion with analysis by Inductively Coupled Argon Plasma Optical Mass Spectrometer (ICP-MS) and for gold using a 50 gram fire assay with an Atomic Absorption (AA) finish. Copper and Molybdenum bearing samples are then checked by using a larger 5 gram sample and analyzed using a pressed power pellet X-Ray Fluorescence Spectroscopy (XRF). In addition duplicates, blanks, and standards are analyzed to ensure analytical accuracy and reproducibility. All rejects are being kept for further analysis and for use in metallurgical testing.
Geologically the intersection lengths and type of mineralization encountered in the drilling are listed in Table below. These are mineralized zones identified by the geology personnel, that are used to produce the geologic block model that IEMR expects will be used in a resource calculation. Assays will determine the grade of these zones.
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Hole From To Length From To Length mineralized
---------------------------------------------------------------------------
Name meters meters meters feet feet feet type
---------------------------------------------------------------------------
PT10-22 170.1 371.2 201.1 558.0 1,218.0 660.0 Molybdenum/
calc silicate
skarn
---------------------------------------------------------------------------
316.4 319.4 3.0 1,038.0 1,048.0 10.0 lead-zinc
veins
---------------------------------------------------------------------------
389.5 389.7 0.2 1,278.0 1,278.5 0.5 zinc
---------------------------------------------------------------------------
395.3 395.6 0.3 1,297.0 1,298.0 1.0 zinc
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PT10-23 213.4 420.6 207.3 700.0 1,380.0 680.0 Molybdenum
---------------------------------------------------------------------------
551.7 582.2 30.5 1,810.0 1,910.0 100.0 Molybdenum_
copper/calc
silicate skarn
---------------------------------------------------------------------------
597.4 637.0 39.6 1,960.0 2,090.0 130.0 copper calc
silicate skarn
---------------------------------------------------------------------------
646.2 667.5 21.3 2,120.0 2,190.0 70.0 arsenopyrite
Au-Ag
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PT10-24 304.8 356.6 51.8 1,000.0 1,170.0 170.0 arsenopyrite
Au-Ag
---------------------------------------------------------------------------
536.4 576.1 39.6 1,760.0 1,890.0 130.0 arsenopyrite
Au-Ag
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PT10-25 274.3 353.6 79.2 900.0 1,160.0 260.0 arsenopyrite
Au-Ag
---------------------------------------------------------------------------
484.6 524.3 39.6 1,590.0 1,720.0 130.0 arsenopyrite
Au-Ag
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PT10-26 246.9 320.0 73.2 810.0 1,050.0 240.0 Molybdenum
---------------------------------------------------------------------------
420.6 603.5 182.9 1,380.0 1,980.0 600.0 Molybdenum_
copper/calc
silicate skarn
---------------------------------------------------------------------------
213.4 338.3 125.0 700.0 1,110.0 410.0 arsenopyrite
Au-Ag
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PT10-27 103.6 155.4 51.8 340.0 510.0 170.0 arsenopyrite
Au-Ag
---------------------------------------------------------------------------
350.5 402.3 51.8 1,150.0 1,320.0 170.0 arsenopyrite
Au-Ag
---------------------------------------------------------------------------
438.9 460.2 21.3 1,440.0 1,510.0 70.0 arsenopyrite
Au-Ag
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PT10-28 57.9 70.1 12.2 190.0 230.0 40.0 arsenopyrite
Au-Ag
---------------------------------------------------------------------------
91.4 170.7 79.2 300.0 560.0 260.0 arsenopyrite
Au-Ag
---------------------------------------------------------------------------
201.2 219.5 18.3 660.0 720.0 60.0 Molybdenum_
copper/calc
silicate skarn
---------------------------------------------------------------------------
277.4 313.9 36.6 910.0 1,030.0 120.0 Molybdenum_
copper/calc
silicate skarn
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PT10-29 406.6 764.6 358.0 1,334.0 2,508.5 1,174.5 Molybdenum_
copper/calc
silicate skarn
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PT10-30 194.5 595.6 401.1 638.0 1,954.0 1,316.0 Molybdenum_
copper/calc
silicate skarn
---------------------------------------------------------------------------
Once all the assays are received, IEMR is going to calculate an initial National Instrument 43-101 compliant resource for the project, the results of which will be used to control additional drilling and development of the project.
Mr. Shaun M. Dykes, M.Sc. (Eng), P.Geo., Exploration Manager and a Director of Mosquito, is the designated qualified person for the Pine Tree Project, and prepared the technical information contained in this news release.
On Behalf of the Board
IEMR RESOURCES INC.
Hongxue Fu, President and Chief Executive Officer
Information in this news release may contain forward-looking information under applicable securities laws. Forward-looking information are statements or information that relate to future events. In this context, forward-looking information often address expected future business and financial performance, and often contain words such as "anticipate" or "expect", statements that an action or event "will" be taken or occur, or other similar expressions. Forward-looking information relates to, among other things, the calculation of an initial National Instrument 43-101 compliant resource for the Pine Tree Project and the timing of the preparation of such resource. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause its actual results, performance or achievements, actions or other future events, to be materially different from any future results, performance, actions or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with project development; the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; and the volatility of IEMR's common share price and volume, as well as those described in the risk factors section in IEMR's most recently filed Management's Discussion and Analysis for the financial year ended October 31, 2010 available at www.sedar.com. Forward-looking information is made based on management's beliefs, estimates and opinions on the date that such statements are made and IEMR undertakes no obligation to update forward-looking information if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against undue reliance on forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: IEMR Resources Inc. Long Wang Director 604 642 6199 604 642 6162 (FAX) info@iemr.ca www.iemr.ca
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