Perth, July 28, 2008 AEST (ABN Newswire) - Kasbah Resources Limited (Kasbah)(ASX:KAS) is pleased to provide this update as to its progress in Morocco. The company's prime exploration focus during the quarter has been its Achmmach Tin Project.
ACHMMACH TIN PROJECT
Activities for the quarter
The overall exploration objective at Achmmach is to systematically evaluate and advance the project to a mine development decision in 2009. During the first quarter 2008, Kasbah completed its Phase 1 drilling programme in the eastern area of the Achmmach Tin Project. As planned, during this quarter the focus of exploration shifted to the western area (Phase 2) of the Achmmach Tin Project.
The objectives of the Phase 2 drilling programme were to evaluate and expand the known tin mineralization (termed hereafter as 'the Meknes zone") historically intersected in the existing 890mRL underground exploration workings The Phase 2 program consisted of 5 diamond holes (AD018 to AD22) for a total of 2031.5m drilled. The preliminary assay results of Phase 2 are summarised below.
Phase 2 Significant Drill hole Intersections------------------------------------------------Drill From To Inter- Tin CommentsHole (m) (m) section Grade Width------------------------------------------------AD018 352.0 365.6 13.6m 0.50% (1)and 391.9 400.9 9.0m 0.47% AD019 321.5 321.5 12.0m 1.16% (2)and 333.5 340.5 7.0m 0.58% AD020 337.5 383.8 46.3m 0.78% (3)AD021 98.0 101.8 3.8m 0.65% And 117.3 153.8 36.5m 0.83% (4)and 225.4 231.8 6.5m 0.80% and 311.6 321.5 9.9m 0.74% and 331.7 338.6 6.9m 1.85% (5)and 367.8 373.1 5.3m 0.38% AD022 Assays pending (6)------------------------------------------------Note: 0.3% Sn cut-off and = 3m internal down hole dilution used
Comments:
(1)Drilled below the Meknes zone
(2)Drilled above the Meknes zone
(3)Intersected the Meknes zone mineralization 50m to east of workings.
(4)This zone also intersected in BRPM drilling S14 and S24 and possibly in AD016 (500m to ENE).
(5)Includes 0.5m @ 24.4% tin from 332.9m (cut to 12% for grade calculation)
(6)Strong hydrothermal alteration from 352 to 364m. Probably extends Meknes zone 130m east of AD020.
Table 2Phase 2 Drill Hole Collar Locations---------------------------------------------------Hole Easting Northing RL Azimuth Dip Depth WGS84 UTM30 WGS84 UTM30 (m) Mag. (m)---------------------------------------------------AD018 243089 3714697 1200 167deg -63deg 480.5AD019 243089 3714696 1200 167deg -55deg 360.0AD020 243180 3714696 1188 167deg -60deg 395.7AD021 243293 3714795 1153 167deg -60deg 394.0AD022 243313 3714720 1179 167deg -60deg 401.3---------------------------------------------------TOTAL 2031.5---------------------------------------------------
The results received to date from Phase 2 have extended the known mineralization in the Meknes zone approximately 100m in the vertical from the 940mRL to the 840mRL and 50m east along strike on the 890mRL.
The total defined strike length of the Meknes zone is now approximately 180 metres with an indicative true width of 30 metres. The Meknes zone remains open in all directions.
Drill holes AD020 and AD021 have intersected two new wide zones of tin mineralization including;
- AD020 - 46.3m @ 0.78% Sn from 337.5m and;
- AD021 - 36.5m @ 0.83% Sn from 117.3m.
Diamond hole AD021 has also intersected a second separate shallow zone of mineralization which appears similar in style to intersections encountered in drill hole AD016, located approximately 500m to the ENE. Follow up drilling of this new zone is being incorporated into the Phase 3 programme.
At depth, AD021 has intersected numerous mineralised zones located 80m to 130m north and below the exposed Meknes zone.
The structural relationship to the Meknes Zone is unclear and this area will be further tested as part of the Phase 3 drilling programme.
Assay results from the final diamond hole AD022 are pending. This hole was drilled a further 130m east of the Meknes zone mineralization found in AD020 and initial core logging has identified extensive zones of silica tourmaline alteration in the expected target zone.
During the quarter, an extensive detailed ground survey programme was completed to tie in the current drilling program into the project grid and to verify the location of the historical drill hole collars.
Phase 3 Drilling Programme Commenced
Based on the encouraging results achieved in Phase 2 and consistent with the Company's exploration strategy to systematically advance the project to a development decision, Kasbah has begun the Phase 3 drilling programme of 6,000m. This programme will continue to evaluate the extent, orientation and continuity of the Meknes zone and the new shallow mineralised zone intersected in Phase 2.
During August and September a detailed structural reassessment and relogging of all BRPM/ONHYM and Kasbah drilling will be undertaken so as to focus the Phase 3 and Phase 4 programmes towards compilation of an initial resource estimate.
This Phase 3 drilling programme is scheduled to be completed by the end of calendar 2008.
EL KARIT TIN PROJECT
Exploration Activities for the Quarter
Exploration at El Karit is targeting an increase in the mineral inventory to support a low capital development concept for the project. The coarse grained nature of the tin mineralisation necessitates a detailed evaluation of vein density, grade and mining methods and Kasbah continues to evaluate these parameters.
No work was carried out during the quarter given the focus on the Achmmach Project.
TAMLALT GOLD PROJECT
The Tamlalt Gold Project, in Eastern Morocco, is located proximate to the South Atlas fault, one of the major mineralising structures in Morocco.
This project was acquired by Kasbah from ONHYM in May 2007, with the final transfer of the 8 Exploration Permits (128km2) completed in July 2008.
Exploration Activities for the Quarter
The exploration objective for Kasbah is to define additional drill targets outside that of the main Tamlalt gold zone. During the quarter, detailed survey control was established over the main project area at the Tamlalt Gold Project.
The entire Proterozoic inlier within the Kasbah tenements is considered to be prospective given its location in the core of a regional antiform and the high degree of pervasive alteration related to the emplacement of gold.
A geochemical sampling programme to define additional drill targets will commence in the last quarter of 2008.
Project Overview
The Tamlalt Gold Project is located in the Neoproterozoic Menhouhou inlier, which itself belongs to the Palaeozoic Tamlalt inlier. Gold mineralisation was discovered by the ONYHM in 2002 located in the High Atlas structural domain, just north of the South Atlas fault.
Other mineralised Neoproterozoic inliers exist in the Tamlalt region: namely the Bou Salem inlier, located 30 km north-east of the Menhouhou inlier (Cu/Au), and the Ain Chair inlier located 40 km east of Menhouhou (Cu).
ONYHM completed the following exploration works at Tamlalt:
- 33 diamond drill holes totalling 7,019m
- Geological mapping 1:2,000 scale covering 2.1km2
- Geophysical survey
-Geochemical sampling.
The Tamlalt gold mineralization occurs in an antiformal inlier of Proterozoic acid to basic volcanic rocks surrounded by younger Palaeozoic calcareous sediments. The Proterozoic sequence has undergone extensive regional scale sericitic and argillic alteration.
Two styles of gold mineralization are present, an earlier 'primary' mineralization associated with strong sericite and chlorite alteration, and a later concentration of the gold in quartz veins related to shearing. The veins are visible in surface outcrop and the gold mineralisation is exposed with shallow trenches and has been confirmed in subsequent drilling by ONHYM.
The best results from the ONHYM drilling in this area were as follows:
- JM01 - 8m @ 2.8 g/t Au from 85.0m and,
10.0m @ 10.1 g/t Au from 102.0m;
- JM09 - 12m @ 3.9 g/t Au from 32m and,
6m @ 4.9 g/t Au from 71m;
- JM10 - 6m @ 4.5 g/t Au from 65m.
The area untested by ONHYM to the west of the existing drilling remains open and will be investigated by Kasbah.
CORPORATE
Exploration expenditure for the Quarter
During the quarter ending June 30 2008 Kasbah expended A$674,000 on exploration activities in Morocco.
Appointment of Exploration Manager
During the quarter Mr Jeffrey Lindhorst joined the Kasbah Exploration team as Exploration Manager.
Non-Executive Director
During the quarter Mr Peter Hepburn-Brown moved to a Non-Executive role with Kasbah. Mr Hepburn-Brown will continue to consult to Kasbah as the company advances its Moroccan projects.
Capital Structure and Major Shareholders
The total number of ordinary fully paid shares quoted on the ASX at 30 June 2008 was 73,208,000. The top 20 shareholders held 74.3% of the stock.
Contact
Wayne Bramwell
Managing Director
Phone: +61 8 9463 6651
Peter Youd
Chief Financial Officer
Phone: +61 8 9463 6651
info@kasbahresources.com
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