Azteca Plans Down-Hole Geophysics at Two Mile Project
September 15 2009 - 9:09AM
Marketwired
Matthew Russell, President of Azteca Gold Corp. (TSX VENTURE: AZG)
(the "Company") wishes to announce that the Company has contracted
Scintrex Limited, of Concord, Ontario, Canada, to perform down hole
geophysics on its current drill holes DDH-005B and DDH-006B at its
50% owned Two Mile Project in the Silver Valley in Idaho using
Scintrex's proprietary down hole technology.
A spokesman for Scintrex advised "Azteca Gold Corp has signed a
contract with Scintrex for in-hole gravity meter geophysics.
Scintrex is the developer of a new borehole gravity meter for
mining and geotechnical applications, designed to log inside NQ
drill rods to within a sensitivity of better than 5 ï¿1/2Gal, and
operable in deep boreholes inclined from 30 degrees off horizontal
to vertical. The field tests of the prototype probe were
successfully conducted for a number of sponsor companies including
Vale Inco in a deep borehole located in Norman township near
Sudbury, Ontario.
Gravity measurements inside boreholes provide evidence of
density variations both in the immediate vicinity and at a distance
from the hole. Scintrex's development of a new borehole gravimeter
will, for the first time, allow the application of gravity logging
in typical mining and geotechnical boreholes.
Primary applications of the Gravilog system in mining include
the sensing and mass-estimates of massive sulphide bodies, either
intersected by or remote from the hole; and accurate bulk density
measurements of formations intersected by the hole More information
on deep gravity meter capability can be found at their sister
company website http://www.microglacoste.com/bhg.htm or
http://www.scintrexltd.com/borehole.html"
Azteca intends to start this geophysical study within the next
10 days and expects it to take approximately 14 days to
complete.
WARNING: the Company relies upon litigation protection for
"forward looking" statements. The information in this release may
contain forward-looking information under applicable securities
laws. This forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause
actual results to differ materially from those implied by the
forward-looking information. Factors that may cause actual results
to vary material include, but are not limited to, inaccurate
assumptions concerning the exploration for and development of
mineral deposits, currency fluctuations, unanticipated operational
or technical difficulties, changes in laws or regulations, the
risks of obtaining necessary licenses and permits, changes in
general economic conditions or conditions in the financial markets
and the inability to raise additional financing. Readers are
cautioned not to place undue reliance on this forward-looking
information. The Company does not assume the obligation to revise
or update this forward-looking information after the date of this
release or to revise such information to reflect the occurrence of
future unanticipated events, except as may be required under
applicable securities laws.
Shares issued: 182,994,331
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Azteca Gold Corp. Jon Slizza VP of Finance and
Investor Relations (509) 981-2020 info@azteca-au.com
Azteca Gold Corp. (TSXV:AZG)
Historical Stock Chart
From Aug 2024 to Sep 2024
Azteca Gold Corp. (TSXV:AZG)
Historical Stock Chart
From Sep 2023 to Sep 2024