Dec 6 2013
Tigray Resources Inc. is pleased to provide an update on its exploration activities and planned drilling on the Adyabo project and the Harvest project in Ethiopia, and announces a loan in the amount of $2.0 million.
Exploration Update
A diamond drill program totalling 2700 metres will be undertaken to expand upon the discovery at Mato Bula (refer to Tigray's news release dated July 16, 2013), and to follow up on other recent exploration successes at the Projects.
Earlier in 2013, Tigray's diamond drill tested part of the Mato Bula Trend on the Adyabo Project with a broad spaced drill program of six holes for a total of 963 metres. All six holes intersected significant widths and grades of gold and copper mineralization (refer to Tigray's news release dated July 16, 2013). At Mato Bula, two parallel zones of quartz vein-related mineralization were intersected over a strike length of 500 metres, open along strike and at depth, including:
- 17.57 metres at 4.20 grams per tonne gold and 1.05% copper from 56.05 metres (Main Lode), and 8.20 metres at 4.90 grams per tonne gold and 0.73% copper from 127.10 metres (Upper Lode) in WMD004; and
- 13.51 metres at 15.15 grams per tonne gold from 53.31 metres (Main Lode), and 12.28 metres at 12.25 grams per tonne gold and 0.30% copper from 86.20 metres (Upper Lode) in WMD006.
Recent geological work on the property has defined a porphyry style copper-gold association along the trend with associated intense phyllic alteration (pyrite-sericite-silica alteration), increasing potential along the mineralized corridor. The Mato Bula Trend has been extended to 8 kilometres long with the recent definition of a 1.4 kilometre long copper anomaly (>200ppm copper) at Adi Nigisti associated with sulfidic porphyry and copper-rich gossan.
Source: http://www.tigray.ca/