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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Marakand | LSE:MKD | London | Ordinary Share | GB0033883835 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.10 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:7157H
Marakand Minerals Limited
24 January 2005
Marakand stepping up exploration of priority targets in Uzbekistan
Marakand Minerals Limited ("Marakand") is pleased to announce that it is
entering into a detailed stage of exploration at its priority exploration
targets surrounding the Khandiza Deposit in south east Uzbekistan. This includes
a defined work program for Yakkabag Ridge, where detailed exploration and
drilling will commence in Q1 2005.
Thirty-four prospective targets in three areas, (see table below), have been
identified in a similar geological setting to Marakand's already well-explored
Khandiza Deposit. Khandiza is recognised as a 'classic' volcanogenic massive
sulphide deposit, with JORC classified reserves and resources of 14.4 million
tonnes at an average grade of 7.24% zinc, 3.50% lead, 0.86% copper, 134 g/t
silver and 0.38 g/t gold.
Target area Volcanic Centres Massive sulphide occurrences /
geochemical anomalies
-------------- ----------------------- ------------------
Chornova-Vakhshivar 3 - (Chornova, Khandiza Deposit plus 14 others
Vakhshivar West and
East)
Yakkabag Ridge 3 - (West Yakkabag, 11
Sulukul and Kuldara)
Karasan-Sangar
dak 2 - (Karasan and 9
-------------- Sangardak) ------------------
-----------------------
Total 8 35
-------------- ----------------------- ------------------
Following satellite image interpretation and ground mapping, Marakand has
sampled three zones of outcropping mineralisation at Sulukul on the Yakkabag
Ridge, where assays of massive sulphide samples average 19.6% zinc, 3.2% lead
and 0.9% copper. Samples of oxidised mineralisation in two of the zones assay on
average 6.0% lead and 241 g/t silver.
Ends.
Enquiries:
Marakand Minerals Limited
Alasdair Stuart, CEO Tel: +44 (0)7733 260 174
Joanna Solino, Investor Relations Officer Tel: +44 (0)20 7907 2000
Buck-Bias Limited
Alex Buck / Nick Bias Tel: +44 (0)7932 740 452
This information is provided by RNS
The company news service from the London Stock Exchange
END
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