press release

MEDIA RELEASE 7 MARCH 2007
BASS METALS INTERSECTS BASE METAL
MINERALISATION AT POTENTIAL NEW DISCOVERY
• Base metal sulphide mineralisation intersected at new Bonds Range target, 15km north east of
acclaimed Hellyer base metals deposit.
• Drill program extended ahead of first assay results.
• Major copper-zinc exploration program continuing at Hellyer.
• Ongoing trial mining at Que River.
Gold and base metals company Bass Metals Ltd (ASX: BSM) has extended a diamond drill program at its
Bonds Range Project, located in north west Tasmania, after intersecting base metal mineralisation in the
first hole drilled to test a target considered prospective for high-grade lead-zinc-silver-copper mineralisation.
Visual estimates of the drill core are indicating a possible new discovery.
Bass Metals and 40% Joint Venture partner Adamus Resources intersected several shallow zones of strong
alteration and lead, zinc and copper veining in the first hole of a planned two-hole program at the new Iris
River Prospect, but will now drill three holes to test the new target.
The intercept comprises a stockwork of base metal sulphide mineralisation containing lead, zinc and
copper sulphide minerals over a 4.3m interval to a depth of 91.6m. Assays are pending for the first hole and
drilling of the second hole is underway.
The Bonds Range drill program follows recent soil sampling by Bass Metals and the compilation of data
from historic soil sampling, each of which indicated an anomaly with potential for lead-zinc-copper-silver
mineralisation. Sample analysis revealed lead concentrations greater than 1,000ppm and up to 10,000ppm
lead, and zinc mineralisation greater than 250ppm.
“This is an exciting outcome for the first drill hole testing the new target and a great way to kick off our 2007
regional exploration initiative,” Bass Metals’ Managing Director, Mr Mike Rosenstreich, said.
“The Iris River prospect at Bonds Range has potential to become a new discovery and could, in time, boost
our base metals inventory. It’s very early in the investigative process, but this result is very encouraging and
a credit to our exploration team. We are looking forward to releasing first assay results as soon as they
become available.”
The ongoing Iris River drill program is being conducted simultaneously with trial mining at Bass Metals’
100%-owned Que River Project and a major new exploration program targeting high-grade copper and zinc
targets at the Hellyer Mine Project, 15km south west of Bonds Range.
The Hellyer Mine Project targets are all within, or close to, the former Hellyer Mine deposit, a world-class
scale deposit with a published pre-mining Mineral Resource of 16.9 million tonnes grading 13.8% zinc, 7.2%
lead, 0.4% copper, 167g/t silver and 2.5g/t gold. It was mined between 1986 and 2000 as a major
underground mine.
Que River, where Bass Metals is conducting trial mining with Mancala Mining Pty Ltd, is another former
high-grade base metals operation in the same region. The Bass Metals-Mancala mining alliance is
excavating, crushing and hauling a bulk sample of approximately 2,000 tonnes grading 16.5% zinc, 7% lead
and 2oz/tonne of silver 4km to the Hellyer Mill for test processing.
Bass Metals has signed an Ore Sales Letter of Intent with the joint venture operating the Hellyer Mill; Intec
Ltd (the Company’s major shareholder) and Polymetals Group. Full-scale open pit mining at Que River is
scheduled to commence as soon as possible, subject to successful completion of the trial mining program and
receipt of Tasmanian Government approvals.