Oct 25 2011
Iberian Minerals Corp. has announced that as a result of the recent Titan 24 geophysical program and subsequent follow-up exploration drilling at Aguas Tenidas, a new massive sulphide zone has been delineated to the west of the old Aguas Tenidas Mine.
The old mine, located north of the current operation, and adjacent to the new zone, was in operation from 1916 to 1934, and produced 419,681 tonnes of 5.66% copper. High grade zinc/lead sulphides (with 10-15% combined zinc and lead) were also present; however this was not exploited at the time.
This new zone named "Orebody MS-4" targeted the fourth geophysical anomaly of the Titan 24 results, and has approximate dimensions of 500 meters on strike, 200 meters on dip and an average thickness of 3.5 – 4 meters. The mineralization is similar to that of the Aguas Tenidas ores and would have an average specific gravity of 4.5 tonnes/ m3.
Drilling is continuing on this zone as it is open on both ends and downdip. Exploration drilling of other targets from the Titan 24 results is also ongoing.
Source: www.iberianminerals.com