Magnum discovers new copper zone
19 November 2003 - 1:34AM
PR Newswire (US)
Magnum discovers new copper zone TRADING SYMBOL (OTCBB: MAGR)
TORONTO, Nov. 18 /PRNewswire-FirstCall/ -- Mr. John Yee, Chairman -
Magnum d'Or Resources, has recently returned from a field trip to
Mongolia and is pleased to report that the Company has today
received the initial summary of the three week geological and
geophysical field work program completed this month by Rio
Minerals, the contractor. The work was carried out on the mineral
concessions held in Mongolia by the Company under
option-to-purchase agreements. Two mineral discovery areas are now
confirmed and a new discovery has been made. The areas are
identified as Magnetite Hill, the Gold - Copper Zone, and the (new)
Copper Zone. Diamond drilling targets have been confirmed. A
magnetic anomaly 600 meters long by 200 meters wide has been
confirmed on Magnetite Hill (open at both ends along strike). An IP
survey was also completed over this anomaly. The anomaly is hosted
by silicified limestone characteristic of skarn deposits but is
unique by the presence of a network of thin quartz-carbonate
veining (as quoted in the summary report). "The magnetic anomaly is
evidenced on surface by the presence of outcrop/subcrop exposures
of strongly silicified and veined limestones. The veining is
typically narrow producing an irregular web-like network of
chalcedonic and vuggy epithermal style quartz veining. This veining
also has a carbonate component." Surface sampling results and
assays are pending. On the Gold - Copper Zone (the location of
sample 181925 from previous work that showed 0.14 % copper and 213
ppb in gold) surface geological mapping and confirmation sampling
was completed. Results are pending. A new discovery of copper
mineralization was made on October 26, 2003. This mineralization
occurs in an area of epidote-potassic altered fine-grained
andesites. Geological mapping has found similar volcanic rocks in
an area of approximately 0.5 by 1.0 kilometers surrounding the
mineral showings. A more complete summary will be reported as the
Company receives the details. All sampling results from all the
Zones will be reported as they are received. A number of statements
contained in this press release are forward- looking statements
that are made pursuant to the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements involve a number of risks and uncertainties including
but not limited to: competitive market conditions, successful
integration of acquisitions, and the ability to secure additional
sources of financing. The actual results that Magnum may achieve
could differ materially from any forward-looking statements due to
such risks and uncertainties. MAGNUM d'Or RESOURCES INC.
http://www.magnumexploration.com/ DATASOURCE: Magnum d'Or Resources
Inc. CONTACT: Reno J. Calabrigo, President, Telephone: (416)
386-0044, Email:
Copyright