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TALONX RESOURCES LIMITED Capital/Financing Update 2006
65972_rns_2006-09-05_a83fe698-1f88-4751-ac29-f14ba1eeb6df.pdf
Capital/Financing Update
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MOUNT BURGESS MINING N.L.
ACN: 009 067 476
Level 4, 109 St Georges Terrace, Perth, Western Australia, 6000 PO Box Z5301, St Georges Terrace, Perth, Western Australia, 6831 Telephone: (61 8) 9322 6311 Email: [email protected] Facsimile: (61 8) 9322 4607 Website: www.mountburgess.com
ASX RELEASE
6 September 2006
Assay Results from Drilling, Kihabe Base Metals Project, Botswana Mount Burgess Mining N.L. 100%
Assay results using the ICP-OES method have now been received for RC drill hole KRC038, drilled on section 10,000E (see diagram attached). Two separate drill sections are also attached for section 10,000E, one shows grades for zinc and vanadium and the other shows grades for lead and silver.
Some significant silver values were recorded in this hole.
Results are as follows:
| KRC 038 | 7821568mN/500825mE-60deg/339deg | ||||
|---|---|---|---|---|---|
| Drilled to test for mineralization from surface to 50m RL and to test for | |||||
| mineralization to the west of the known mineralised zone. | |||||
| Zinc | |||||
| $29m - 57m - 28m$ | -@ 1.69% | ||||
| (inc 29m – 31m | 2m | $\omega$ 2.65% | |||
| $34m - 42m$ | 8m | [email protected]\%$ | |||
| 46m – 53m | 7 m | [email protected]\%$ | |||
| 55m – 57m | 2m | $\circledcirc$ 2.15%) | |||
| $67m - 78m$ | 11m | [email protected]\%$ | |||
| Lead | |||||
| $29m - 33m$ | 4m | [email protected]\%$ | |||
| 38m – 44m | 6m | [email protected]\%$ | |||
| 50m – 56m | 6m | [email protected]\%$ | |||
| $75m - 78m$ | 3m | [email protected]\%$ | |||
| Silver* | |||||
| $24m - 34m$ | 10m @ 31.10 g/t $(1.0 \text{ oz}/t)$ | ||||
| $36m - 44m$ | 8m @ 71.75 g/t (2.3 oz/t) | ||||
| $(inc 38m - 43m)$ | 5m @ 96.70 g/t $(3.1 \text{ oz/t})$ | ||||
| $50m - 55m$ | 5m @ 15.63 g/t $(0.5 \text{ oz}/t)$ | ||||
| $75m - 78m$ | 3m | @ 16.63 $g/t$ (0.5 oz/t) | |||
* All silver grades are uncut.
Vanadium
| $11m - 16m$ | 5m @ 335 ppm |
|---|---|
| $26m - 29m$ | 3m @ 545 ppm |
The above results are part of an infill drilling programme currently being conducted by the Company, with the intention of upgrading this 2.4km long zone of mineralisation to a JORC compliant resource, down to a vertical depth of 150m.
Further results are pending.
The information in this report that relates to exploration results, together with any related assessments and interpretations, is based on information compiled by Martin Spence, B.Sc., who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Spence is a full time employee of the Company. Mr Spence has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Mineral Resources and Ore Reserves". Mr Spence consents to the inclusion in the report of the matters hased on this information in the form and context in which it appears.
For further information please contact:
Nigel Forrester CEO Mount Burgess Mining N.L $T:++61893226311$ $F$ : ++ 61 89 322 4607 W: www.mountburgess.com or Martin Spence Director of Exploration
