The Conversation (0)
Eurasian Minerals Inc. (TSXV:EMX,NYSE:EMXX) reported drill results from the Balya property in Turkey, which included 13.3 meters averaging 3.54% lead, 4.62% zinc, and 45.35 g/t silver from the Hastanetepe zone. A new zone of lead-zinc-silver mineralization was also intersected 200 meters to the south of Hastanetepe.
As quoted in the press release:
The owner and operator of Balya, Dedeman Madencilik San ve Tic. A.S. (“Dedeman”), reported intercepts that include 13.3 meters averaging 3.54% lead, 4.62% zinc, and 45.35 g/t silver from the Hastanetepe zone. In addition, a new zone of lead-zinc-silver mineralization was intersected by a reconnaissance drill hole 200 meters to the south of Hastanetepe. This 200 meter step-out intercept is particularly encouraging, and highlights the upside discovery potential for additional lead-zinc-silver zones on the property.
Hole DB-93, the 200 meter step-out to the south, is particularly important in context of Dedeman’s earlier reconnaissance drilling 650 meters south of Hastanetepe (see Company news releases dated December 5 and May 21, 2008). All six of these earlier southern target area holes intersected mineralization, including 8.0 meters (198-206 m) averaging 7.77% lead, 3.47% zinc and 43.39 g/t silver in DB-29, and 7.0 meters (174.5-181.5 m) averaging 4.17% lead, 5.23% zinc and 65.04 g/t silver in DB-29A (true widths are unknown). Together DB-93 and the southern target holes highlight a previously unrecognized and undrilled mineralized corridor of the Balya district that provides substantial upside exploration potential.
Click here to read the Eurasian Minerals Inc. (TSXV:EMX,NYSE:EMXX) press release
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