Perth, Oct 30, 2008 AEST (ABN Newswire) - Kasbah Resources Limited (ASX:KAS) announce the quarterly activities and siginficant highlights for the period.
Highlights:
- Drilling discovers new high-grade mineralised zone 50m south and 100m vertically below the currently defined Meknes Zone.
- Drill hole AD025 intersected 25m @ 1.29% Sn from 502m. Mineralisation is hosted by pervasive intense silicatourmaline altered rocks cut by centimetre scale quartz cassiterite veins and hydrothermal breccia texture veins.
- Assay results from AD023 to AD025 holes reveal wide intersections of high grade tin extending the Meknes Zone mineralisation.
- Selected significant drill intercepts (down hole widths) include;
- AD025 25.0m @ 1.29% tin from 502m
- AD025 9.0m @ 1.15% tin from 369.0m
- AD025 12.0m @ 0.79% tin from 211.0m
- AD024 9.0m @ 1.67% tin from 268.0m
- AD023 15.0m @ 0.97% tin from 393.0m;
(Includes 9.0m @ 1.29% tin from 395m)
- Qualitative NITON XRF analysis of uncut sections of previously drilled BRPM core from Achmmach finds previously unidentified zones of tin mineralisation.
- Metallurgical samples collected
- Phase 3 drilling programme continues as planned.
OVERVIEW
Kasbah Resources Limited (Kasbah) is pleased to provide this update as to the company's 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
A total of 1,774 metres of diamond core drilling was completed in holes AD023, AD024 and AD025.
These three holes form part of the ongoing 6,000 metre Phase three drilling program aimed at evaluating the vertical and lateral extent, orientation and continuity of the tin mineralisation at Achmmach. Specifically, the current drilling continues to define the continuity and extent of mineralisation in the Meknes Zone that was outlined by earlier BRPM underground development work.
A total of 669.5m of 1/2 core was assayed for tin by XRF fusion and a 30 element suite by ICP-MS. Tin assay results for all of these three holes plus the results for drill hole AD022 drilled late in the previous quarter were received. Results for the ICP-MS are pending.
Overall fifteen (15) significant tin intersections were returned from these four holes.
A program of systematic review of the previously drilled BRPM core held in the core farm in Rabat using the hand-held NITON XRF analyser has found significant zones of Sn mineralisation in holes S14 and S24. The NITON XRF analyser is a valuable exploration tool as it provides rapid, qualitative screening of all samples and allows for immediate ore flagging and rapid delineation of ore boundaries. This tool was not available to BRPM at the time of their drilling campaign.
These zones were cut and sent for laboratory assay. Results are expected in November.
Phase 3 Drilling Results to Date and Interpretation
A new wide, high-grade zone of mineralisation was discovered south of the Meknes Zone (AD025). The results received from drill holes AD022, AD023 and AD024 now support an interpreted eastwest striking sub-vertical orientation for the Meknes Zone. Drilling over the next quarter will continue to test the extent and continuity of mineralisation along this trend to both the east and west.
AD022
Drill hole AD022 was drilled to test the eastern extension of the Meknes Zone approximately 190m east of the underground workings and 150m east of AD020 which intersected 46.3m @ 0.80% Sn from 337.5 metres. The number of lower grade intersections at the bottom of the hole indicates it is approaching the Meknes Zone. At that time it was thought the zone was trending more WNW, but now it is clearer that it has a more east-west striking orientation.
This interpretation will be tested further with drilling from the new southern access road during the current Phase 3 program. The drill hole also contains zones from 316.60m to 321.2m which are hosted by hydrothermal quartz breccia veins and intense pervasive silica-tourmaline alteration of the host rocks is evident.
AD023
Drill hole AD023 was also drilled before the orientation of the Meknes Zone was fully defined. At depth it is testing a zone 40 metres west of AD020. It contains numerous high grade intersections from 225 metres to the end of the hole at 431.5 metres where the final 0.5 metres returned 3.58% tin. The mineralisation in this hole is hosted primarily by centimetre scale quartz veins with visible fine grained cassiterite.
These veins typically run 5-10% tin as determined qualitatively with the hand-held NITON XRF analyser during logging of the core. It also contains zones of hydrothermal breccias and millimetre scale sulphide veins containing chalcopyrite, arsenopyrite, and pyrrhotite with tin mineralisation. The high grade intersection in the bottom of the hole will be followed up from the southern access road during the remainder of the Phase 3 drilling.
AD024
Drill hole AD024 was drilled to infill the 100 metre gap below the underground workings between AD018 and AD020. It was targeted to intersect the interpreted down dip extension of the Meknes Zone at the 800 metre RL, 50 metres vertically deeper than the intersection in AD020. The hole was abandoned at 402 metres of the planned 500 metres when the drill rod string was broken.
It did however intersect 9m @ 1.67% Sn from 268 metres down hole. This is interpreted to be a western extension of new zone. Mineralisation in this intersection is associated with replacement of sandstones along bedding and intense pervasive silica-tourmaline alteration cut by quartz veinlets containing tin and some chalcopyrite.
The planned AD027 hole will test the down-dip continuity of the Meknes Zone below the mineralisation found in AD024.
AD025
Drill hole AD025 was drilled to test the eastern extension of the Meknes Zone 40m east of AD020. It intersected four significant zones from 211m to 420m in expected positions.
The 25m @ 1.29% tin intersected from 502m down hole represents a new zone of mineralisation not previously seen in either the BRPM drilling or historic underground workings. It occurs 50m south and 100m vertically below the currently defined Meknes Zone. Mineralisation is hosted by pervasive intense silica-tourmaline altered rocks cut by centimetre scale quartz cassiterite veins and hydrothermal breccia texture veins.
The total defined strike length of the Meknes Zone mineralisation is now approximately 300 metres extending from 243050mE to 243350mE with an indicative true width of 30 metres. The Meknes Zone remains open in all directions.
Results of Review of BRPM Drill Core
Two drill holes previously drilled by BRPM (S14 and S24) located on section 2 with drill holes AD021 and AD022 were examined with the NITON XRF analyser. The NITON XRF hand held analyser is new exploration technology that was not available to the previous explorers and several uncut and unassayed sections of core in both holes were found to contain significant tin mineralisation.
In hole S14 intervals of 74m from 236m and 30m from 376m are expected to return zones of >0.3% tin based on visual qualitative estimates using the NITON hand held XRF analyser. In hole S24 the 10m interval from 193m is expected to return >0.3% tin based on visual qualitative estimates using the NITON.
All of these intervals have been cut and submitted for assay with results expected in November.
Future Work
The Phase 3 drilling programme at Achmmach will continue to evaluate the vertical and lateral extent, orientation and continuity of the Meknes Zone from the southern access road. Drilling from the south side of the 2km long Achmmach hill is the optimal location to drill test the Meknes Zone and newly defined targets such as that identified in hole AD025 at depth.
In October approximately 300 kg of metallurgical samples from Achmmach were collected and metallurgical test work will commence in November.
The Achmmach JORC resource upgrade is in an advanced stage and this work, plus the program of systematically reviewing the historic BRPM Achmmach drill core, will be completed in the December quarter.
EL KARIT TIN PROJECT
Exploration Activities for the Quarter
No work was carried out during the quarter given the focus on the Achmmach Project.
TAMLALT GOLD PROJECT
Exploration Activities for the Quarter
No work was carried out during the quarter given the focus on the Achmmach Project.
CORPORATE
Cash Position
As of September 30 2008 Kasbah has $5.74M in cash.
Exploration expenditure for the Quarter
During the quarter ending September 30 2008 Kasbah expended $673,000 on exploration and development activities in Morocco.
Capital Structure and Major Shareholders
The total number of ordinary fully paid shares quoted on the ASX at 30 September 2008 was 73,208,000. The top 20 shareholders held 73.5% of the stock.
Tin Market
ITRI the world's foremost authority on tin, reported in September that the world tin supply (production plus US government stockpile sales) in 2008 would be about 19,000 tonnes less than consumption. World tin production is now dominated by China and Indonesia and both have announced production cutbacks or banning of exports since this report.
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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