Mediterranean Resources has reported the five infill diamond core hole results that improve the base metal continuity at the Corak property.
The company has 100% of the Tac and Corak advanced exploration properties along with six otherproperties located along a mineralization trending continuously for 12 km in Northeast Turkey. The company is continuing the drill program at Tac and is expecting the assay results at the earliest.
The company has encountered high-grade values of gold for up to 40.7 g/t. It drilled the holes CD-205 and CD-206 for around 450 m, CD-207 and CD-208 for about 300 m towards the northwest part of the Village and South. Also, the company drilled the hole CD-209 at the East zone and examined the valley zone between the east and the main village zone. It has intersected 40.7 g/t of high-grade gold over 1m in the CD-209 and 23.3 g/t gold over 0.7 m in hole CD-208. Also, values of lead, silver and zinc of up to 7.8% lead, 102 g/t silver and 21% zinc was returned. The company is expecting an updated Corak resource calculation that integrates present results, during the initial half of 2012.
Mediterranean has completed 1,100 m of drilling at the Corak property during the year, 2011. It has drilled all the five diamond core drill holes as infill holes along the main deposit’s west side. The holes CD209 and CD208 have validated the high-grade base metal and gold mineralization continuity along the northwestern and eastern zones.
As updated resource calculation will have the present drilling as its base and is expected during the first half of 2012.