EMX Reports Drill Results of 14.3 Meters Averaging 18.15% Lead, 9.14% Zinc, and 242.4 g/t Silver for the Balya Royalty Property in Turkey
Eurasian Minerals Inc. NYSE:EMXX) is pleased to announce additional 2011 drill program results from the Balya royalty property in Turkey. The owner and operator of Balya, Dedeman Madencilik San ve Tic. A.S., reports intercepts that include 14.3 meters averaging 18.15% lead, 9.14% zinc, and 242.4 g/t silver, and 39.5 meters averaging 7.60% lead, 1.74% zinc, and 158.0 g/t silver with a 12.8 meter sub-interval of 14.77% lead, 2.90% zinc and 403.0 g/t silver. Dedeman continues to advance the property towards production status.
2011 Balya Drill Program. Dedeman's 2011 drill program of 53 core holes totaled approximately 10,500 meters. This program expanded the high-grade lead-zinc-silver mineralization in the main Hastanetepe zone to the southeast and northwest with step-out holes, and continued to confirm the continuity and tenor of the mineralization with in-fill holes at 25 to 50 meter spacing. Hastanetepe is a shallow dipping, 450 by 300 meter zone that occurs from depths of 10-20 meters to 200-300 meters as multiple stacked horizons of lead-zinc-silver mineralization hosted in limestones and dacites. The zone remains open for extension along strike, down dip, and to depth (please see map at: http://media3.marketwire.com/docs/EMX_map.pdf).
The 2011 drilling intersected new lead-zinc-silver horizons to the southeast that are notable for their relatively high grades over thick intervals. A table of select intervals from this year's final 35 holes is given below (see August 11, 2011 news release for earlier results). Dedeman's drill program is ongoing, with one core rig currently on site. Please see www.eurasianminerals.com for more information.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.