Level 15, 115 Pitt St, Sydney, NSW 2000All Mail to: GPO Box...

Level 15, 115 Pitt St, Sydney, NSW 2000
All Mail to: GPO Box 4492, Sydney, NSW 2001
Tel: +61 2 9223 3171 Fax: +61 2 9221 3018
Email: [email protected]
1
Jabal Sayid returns exceptional intercepts of 115m at 3.4% and 91m at 3.1% Cu Equiv
ADV Group Limited (ASX : ADS) is pleased to release assay results from two additional diamond core drillholes completed at the Jabal Sayid Copper Project, the first from Zone 1, near Jeddah in the Kingdom of Saudi Arabia.
• BDH-1014 - 115m at 1.77% Cu, 1.54% Zn, 0.45g/t Au and 26.9g/t Ag from 101 m to 216 m downhole including 16m at 5.2% Cu, 0.98% Zn, 0.51g/t Au and 28.5g/t Ag.
• BDH-1013 - 91 m at 1.50% Cu, 2.27% Zn, 0.60g/t Au and 30.8g/t Ag from 84 m to 175 m downhole including 34m at 2.24% Cu, 1.62% Zn, 0.53g/t Au and 23.4g/t Ag.
Based upon spot metal prices of 18th December 2006, these intercepts in metal equivalent terms are 115m at 3.38% Cu and 91m at 3.1% Cu.
Drillholes BDH-1013 and 1014 are the first to be drilled at Zone 1 at Jabal Sayid and were sited approximately 500m along strike from the previously announced drillholes BDH-2004 and 2005. They were drilled about 50 metres apart and targeted to be drilled at a 60o angle through the main massive sulphide mineralised zone. BHD-1013 and 1014 are two of four holes targeted to verify the Zone 1 massive sulphide mineralisation positioned at regular intervals along the strike of the lode. The holes were also targeted to examine the distribution of potential open-cuttable ore grade mineralisation around this known sulphide mineralisation which was defined using a 1.5% copper cut-off. Details of the intercept are shown in the table below. The plan of the hole locations is also shown in the attached figure.
Commenting on these drill results ADV Group Chairman, Mr Fletcher Quinn, said:-
“Each new drillhole seems to pleasantly surprise us. These are again exceptional result for many reasons;
They indicate that zinc, as well as gold and silver credits, will add significantly to the overall grade of the deposit. When factoring in these credits BHD-1014 intersected 115m at 3.1% Cu Equiv and hole 1013 intersected 91m at 3.4% Cu Equiv plus another 23m at 1.1% Cu Equiv intersected nearly from surface.
A compilation of previous Zone 1 results has revealed that as well as copper some of the deeper holes reported significant widths of up to 7% zinc that was previously not an economic imperative. Evaluating this will be a focus for the year ahead as will be investigating the exceptional width reported in historical hole SA06 which intersected 233m at 2.12% Cu, 0.96% Zn, 0.24g/t Au and 28.2g/t Ag (3.0% Cu Equiv).
With these holes drilled 500m along strike from the previously reported holes on Zone 2 we are beginning to paint a picture of a deposit with a significant areal extent.
Samples will continue to be processed without the impediment of the traditional Christmas and New Year holiday season so we are hopeful that we will be able to continue to produce results in a timely manner.
These results again reinforce our view that Jabal Sayid is likely to rapidly emerge as a world class orebody and that the grade in the previously announced open pittable target of 100-150mt at 1-1.5% copper, based on the 50 kms of previous drilling, may indeed prove to be conservative ”
Drillhole
From (m)
To (m)
Intercept (m)
Cu %
Zn %
Au g/t
Ag g/t
Cu Equiv. %
BDH-1013
43.0
66.0
23.0
0.68
0.51
0.11
0.4
1.06
84.0
175.0
91.0
1.50
2.27
0.60
30.8
3.38
Incl.
114.0
148.0
34.0
2.24
1.62
0.53
24.7
3.62
186.0
189.0
3.0
0.87
0.31
0.39
27.3
Not Calc.
BDH-1014
54.0
62.0
8.0
2.55
0.44
0.04
0.1
Not Calc.
101.0
216.0
115.0
1.77
1.54
0.45
26.9
3.09
Incl.
168.0
184.0
16.0
5.20
0.98
0.51
28.5
6.17