BRANCOTE HOLDINGS PLC
20 October 1999
Contacts: Richard Prickett, Chairman
Bill Humphries, Managing Director
Brancote Holdings PLC 0171 493 1002
David Bick/Becky Jewers
Holborn Public Relations 0171 929 5599
becky_jewers@holbornpr.co.uk
BRANCOTE HOLDINGS PLC
Argentine 60% Joint Venture
Progress Report on Gold Exploration Programme
Outstanding drilling results
Hole From Width Grade Gold Silver
GR60 67 metres 39 metres 18.8 g/t 17.9 g/t
Including 13 metres 34.2 g/t 47.7 g/t
4 metres 30.1 g/t 47.8 g/t
Hole GR60 was drilled as a 60 metres step-back to GR 37 (20 metres @ 10 g/t)
at the southern end of Galadriel Sur to confirm indications from earlier
drilling that the mineralisation was improving, both in width and grade,
towards the south and with depth.
Results have also been received from the sawn channel across the only clear
surface exposure of this new style of mineralisation.
Sawn channel Width Grade Gold Silver
GC14 13.9 19.1 g/t NA
The project team is currently engaged in target definition and location,
construction of access roads and drill pads, in preparation for the 11,000
metres drilling programme scheduled to commence after the Christmas break.
Major drilling - Toronto, has once again been awarded the contract to provide
the diamond and R.C drill machines together with staff to complete the
programme before the winter of 2000.
MINERA EL DESQUITE GALADRIEL VEIN
E.o.H. 129m -60 deg. 80deg Azi (mag)
Au GR 60 Ag
Sample No. From To Interval Grade Au Grade Ag Wt.Ave.Au Wt.Ave.Ag
17258 62.00 63.00 1.00 0.21 12.00 0.21 12.00
17259 63.00 64.00 1.00 1.04 22.30 1.04 22.30
17261 64.00 65.00 1.00 0.37 7.00 0.37 7.00
17262 65.00 66.00 1.00 0.14 1.30 0.14 1.30
17263 66.00 67.00 1.00 0.82 2.80 0.82 2.80
17264 67.00 68.00 1.00 7.51 23.20 7.51 23.20
17265 68.00 69.00 1.00 13.80 51.70 13.80 51.70
17266 69.00 70.00 1.00 13.60 31.50 13.60 31.50
17267 70.00 71.00 1.00 2.96 17.60 2.96 17.60
17268 71.00 72.00 1.00 11.40 25.50 11.40 25.50
17269 72.00 73.00 1.00 29.70 50.50 29.70 50.50
17270 73.00 74.00 1.00 45.40 73.40 45.40 73.40
17271 74.00 75.00 1.00 17.00 40.40 17.00 40.40
17272 75.00 76.00 1.00 28.30 26.60 28.30 26.60
17273 76.00 77.00 1.00 14.20 15.40 14.20 15.40
17274 77.00 78.00 1.00 7.41 9.60 7.41 9.60
17275 78.00 79.00 1.00 10.40 13.50 10.40 13.50
17276 79.00 80.00 1.00 9.47 7.80 9.47 7.80
17277 80.00 81.00 1.00 18.40 6.90 18.40 6.90
17278 81.00 82.00 1.00 39.40 11.10 39.49 11.10
17279 82.00 83.00 1.00 58.80 8.70 58.80 8.70
17281 83.00 84.00 1.00 17.90 20.40 17.90 20.40
17282 84.00 85.00 1.00 20.70 24.80 20.70 24.80
17283 85.00 86.00 1.00 22.80 16.40 22.80 16.40
17284 86.00 87.00 1.00 58.00 16.40 58.00 16.40
17285 87.00 88.00 1.00 57.20 59.90 57.20 59.90
17286 88.00 89.00 1.00 30.80 16.30 30.80 16.30
17287 89.00 90.00 1.00 27.20 17.10 27.20 17.10
17288 90.00 91.00 1.00 20.30 12.00 20.30 12.00
17289 91.00 92.00 1.00 36.20 13.50 36.20 13.50
17290 92.00 93.00 1.00 19.20 11.30 19.20 11.30
17291 93.00 94.00 1.00 36.20 19.40 36.20 19.40
17292 94.00 95.00 1.00 10.40 8.40 10.40 8.40
17293 95.00 96.00 1.00 14.10 10.00 14.10 10.00
17294 96.00 97.00 1.00 14.90 9.60 14.90 9.60
17295 97.00 98.00 1.00 1.98 3.30 1.98 3.30
17296 98.00 99.00 1.00 2.79 4.80 2.79 4.80
17297 99.00 100.00 1.00 2.17 8.60 2.17 8.60
17298 100.00 101.00 1.00 1.66 2.70 1.66 2.70
17299 101.00 102.00 1.00 2.07 3.10 2.07 3.10
17301 102.00 103.00 1.00 0.48 1.60 0.48 1.60
17302 103.00 104.00 1.00 1.10 1.80 1.10 1.80
17303 104.00 105.00 1.00 3.03 2.10 3.03 2.10
17304 105.00 106.00 1.00 2.48 2.40 2.48 2.40
17305 106.00 107.00 1.00 0.58 0.90 0.58 0.90
17306 107.00 108.00 1.00 0.33 0.70 0.33 0.70
17307 108.00 109.00 1.00 0.44 1.30 0.44 1.30
17308 109.00 110.00 1.00 1.92 2.80 1.92 2.80
Total 39.00 699.30 731.41 699.30
Au INTERSECTION 39.0 m @ 18.8 g/t Au
Ag INTERSECTION 39.0 m @ 17.9 g/t Ag
INCLUDING 40.0 m @ 30.1 Au & 47.8 Ag
INCLUDING 13.0 m @ 34.2 Au & 47.7 Ag
intersections are not true thickness
intersection quoted are >1g/t >2m
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