ABA Abasca Resources Inc

MetalCORP Limited ("MetalCORP" or the "Company") (TSX VENTURE:MTC) announces
that its Dorset Gold Property located near Wawa, Ontario is being advanced by
its joint venture partner, Trelawney Mining and Exploration Inc. ("Trelawney").
Trelawney recently announced (see Trelawney news release dated May 15, 2009)
that it is moving ahead with preparations to extract a bulk sample. Its plans
include additional metallurgical testing, obtaining the necessary permitting and
securing a contractor for road construction and the mining of the bulk sample.


Trelawney reported that it completed standard preliminary laboratory bottle roll
cyanidation, flotation and an acid base accounting ("ABA") test on one small
sample (approx. seven kilograms) collected from surface mineralization from one
of the zones, the Dorset "B" zone. The test indicated the sample is non-acid
generating but it is refractory to cyanidation with approximately 20% gold
recovery. Bottle roll leach and "ABA" testing was completed by Process Research
Associates, Richmond, B.C. and flotation testing was conducted by metallurgical
consultant, Mr. Gary Hawthorn, of Westcoast Mineral Testing Inc., Vancouver. Due
to the small sample size and with only one sample analyzed, Trelawney reported
that the gold recovery may not be representative of the entire Dorset "B" zone;
accordingly, Trelawney expects that additional testing will be completed on the
"B" zone in June. Additionally, since no metallurgical testing has been
completed on the Dorset "Main" zone, Trelawney expects to complete metallurgical
testing samples from this area in June prior to finalizing plans to extract the
bulk sample.


The Dorset Property consists of 2,480 acres (992 hectares) and hosts several
gold occurrences. It is located adjacent to Wesdome's producing Eagle River gold
mine. In 2008, MetalCORP formed a joint venture on the Dorset Property with
Trelawney. Currently, Trelawney owns 53% and manages the joint venture.
MetalCORP owns the remaining 47%. Trelawney commissioned a NI 43-101 compliant
resource estimate on the Dorset Property which provided an initial estimate
(using a 0.50 grams of gold per tonne cut-off) consisting of an Indicated
Resource of 780,000 tonnes grading 1.42 grams/tonne gold containing 40,000
ounces of gold and an Inferred Resource of 4.76 million tonnes grading 1.19
grams/tonne gold containing 180,000 ounces of gold. Pursuant to the terms of the
Joint Venture Agreement, Trelawney as operator has the right to present
exploration, development and mining programs to the joint venture parties from
time to time and each party has the right to elect whether or not to
participate; if a party elects not to participate to its full percentage
interest, its interest in the Joint Venture may be diluted. MetalCORP
anticipates that Trelawney will present such programs to MetalCORP from time to
time for participation decisions as further testing, permitting and bulk
sampling plans are developed and results are obtained.


Robert Duess, P.Geo., is a Qualified Person as defined in National Instrument
43-101 and is responsible for the technical information presented in this news
release.


This press release contains forward-looking statements within the meaning of
applicable Canadian and U.S. securities regulation, including statements
regarding the future activities of the Company. Forward-looking statements
reflect the current beliefs and expectations of management and are identified by
the use of words including "will", "anticipates", "expected to", "plans",
"planned" and other similar words. Actual results may differ significantly. The
achievement of the results expressed in forward-looking statements is subject to
a number of risks, including those described in the Company's management
discussion and analysis as filed with the Canadian securities regulatory
authorities which are available at www.sedar.com. Investors are cautioned not to
place undue reliance upon forward-looking statements.

Abasca Resources (TSXV:ABA)
Historical Stock Chart
From Dec 2024 to Dec 2024

Abasca Resources (TSXV:ABA)
Historical Stock Chart
From Dec 2023 to Dec 2024