Sidon International Resources Corp. (TSX VENTURE:SD) (FRANKFURT:SY7) (PINK SHEETS:SIDNF) reports on its initial sampling program of the placer deposit that the Company now feels is closely associated with the identified hard rock mineralization on its MEG Property southeast of Morogoro, in east-central Tanzania.
Placer gold is notorious for the vagueness of clarity, and bulk sampling is one of the few ways to overcome this. However no certainty can be expressed in grade and resource estimates, but the Company's placer expert has been able to quantify regulatory acceptable resources (inferred), and although no resource estimate is being made, he is confident that his estimates bear further investigation.
To date, the Company has sampled in a relative controlled situation 0.5 m3 of previous worked material, and recovered approximately 0.5 grams of gold (1 gm per cubic metre grade). It has now processed approximately 0.2 m3 of fresh material with significantly more gold presence, and recovered 0.32 grams of gold (1.6 grams per cubic metre grade). Both these samples confirm that recoverable gold is in the placer system, and in the tests all of the recovered gold was captured by the wash plant's first 2 meters of the recovery "mat" with little or no gold reporting to the next 2 metres of the mat.
The sampled material represents 1-2 metres of alluvium in the valley's immediate river area of approximately 40,000 m2. The alluvium continues at least another 100-200 metres up the valley, and testing of that alluvium in new, un-mined areas is ongoing.
The proximity to the artisanal mining of the vein and the presence of significant amounts of large garnets in the placer alluvium, which have been identified in very large amounts in the drill core, suggests a very close relationship of the placer to what is in the underlying rock.
More work needs to be completed to confirm this relationship but, all in all, the exploration program in 2010 has been a success.
The content of this release has been reviewed and approved by Laurence Stephenson, P.Geo., a qualified person as defined by National Instrument 43-101. Mr Stephenson co-authored the 43-101 report that indicated an inferred resource on Douglas Lake Minerals' Mkuvia Property in southern Tanzania in 2009.
Source: Sidon International Resources Corp.