re: Ann: Silver Potential to be Drilled at Ka... MRP ann this...

re: Ann: Silver Potential to be Drilled at Ka... MRP ann this morning..



The more they drill the more silver they find...Maybe all roads finish on our tenements. We are between MRP and the super pit..






ASX Announcement 26 September 2012
Nimbus Lens 5 Intersected 14m Below Surface
Highlights:
• Lens 5 Intersected 14 metres Below Surface
• 40 metres East of East Pit
• New Lens 3 Super High Grade Intercepts up to 2550g/t silver and 31.5%
zinc Confirmed
• New Lens 5 inside Optimised Pit Shell
Further to recent announcements of Extensions to Lens Nos. 1, 2, 3, and 4, the
Directors of MacPhersons Resources Limited (ASX:MRP) are pleased to announce
continuing successful drilling results at its 100% owned Nimbus Silver-Zinc-Gold Project
located 10km east of Kalgoorlie’s Super Pit gold mine. Progressive drilling results have
shown both silver oxide and silver sulphide mineralisation continues between the Nimbus
Discovery and East Pits. Near Surface Lens 5 identified within Optimised Pit Shell, with:
• 19m @ 93g/t Ag in NBRC078 from 14m depth;
o Includes 10.0m @ 151g/t Silver, from 15m.
New Lens 5 is only 14m below surface and represents a new source of oxide mill feed.
Super high grade intersection confirmed through re-assay in Lens 3 with averaged results:
• 28m @ 896g/t Ag in NBRC216 from 200m depth;
o Includes 17.0m @ 1427g/t Silver, plus 26.3% Zinc, plus 4.7% Lead from
205m; and
o Includes 11.0 m @ 1666 g/t silver with highest 1m @ 2550g/t Ag
The NBRC216 intersection of 28m @ 896g/t silver (25,088 gram-metres Ag) is the first
super high grade intersection outside of Lens No. 1 and shows that Lens No.3 has
significant upside to further high grade lens extensions.
The NBRC216 result shows an 80m down dip extension to the New Lens No. 3.
The relevance of the re-assay results shows the uniformity of the silver grade
distribution and the new super high grade silver-zinc mineralisation in a second lens
supports modeling that multiple lens targets exist at Nimbus. This is first lens of this
intensity of metal grade distribution, since the Discovery Lens No.1 was identified in 1990’s.
The Directors are encouraged by the progressive results that continue to show the nearsurface silver mineralisation extends to the East of the East Pit.
MacPhersons Resources Managing Director, Morrie Goodz, said:
“The new Lens 5 mineralisation has been identified in the first drilling to the east of
the East Pit and is entirely within the cutback proposed in the new optimised pit
cutback.”
“The combination of the new high grade extension to Lens No. 3 with the
identification of Lens No. 5 is continuing to support the model of a
single merged super pit.