James R. B. Parres, President & CEO of Jiminex Inc. has reported that the first phase of diamond drilling at Hemlo, Ontario is underway and 134 drill core sample results for the first hole, 10NE-01, and part of hole 10NE-02 have been received from Accurassay Laboratories, Thunder Bay, Ontario.
Mr. Parres comments "The recent analytical results have interesting geochemical signatures which will assist in directing the future exploration on the property. Systematic drill testing of the remaining targets is expected to continue up to the holiday season break and will resume in early January 2011. Jiminex management continues to have confidence that the Northern Eagle property could have a high potential to host Hemlo-style mineralization."
At the Northern Eagle gold property, Hemlo region, Ontario, three diamond drill holes have been completed to date recovering a total of 1,161 metres of NQ2 core. These holes tested one target selected by the Jiminex Inc. management and two Titan 24 ground geophysical targets recommended by the Quantec Geoscience. A total of 134 sample results have been returned for hole NE10-01 and 72 for the 123 samples taken of hole 10NE-02. These samples were analyzed for gold using the fire assay technique and an additional 34 elements (including Hemlo-style mineralization pathfinder elements of antimony, arsenic, mercury, vanadium, potassium, molybdenum and barium) using an ICP-AR multi-element geochemical procedure. Hole 10NE-01 tested a section of the barite-alteration zone never previously tested at a shallow depth. The Accurassay results are similar to historical sampling by other companies on the barite-alteration zone with several slightly anomalous gold values up to 80 parts per billion (ppb) and several samples variously having moderately anomalous trace element values of antimony up to 39 parts per million (ppm), arsenic up to 321 ppm, vanadium up to 96 ppm, potassium up to 1374 ppm with molybdenum and mercury not detected. However, mercury was detected up to 2 ppm and molybdenum up to 28 ppm outside of the described barite-alteration zone.
Allan J. Willy, P. Eng., VP Exploration & Director of Jiminex Inc. is the qualified person responsible for the geotechnical content of the Company's public information.
Source: Jiminex Inc.