THUNDER BAY, ONTARIO -- (Marketwired) -- 04/09/13 -- QRS Capital Corp. (TSX VENTURE: QRS) ("QRS" or the "Company") is pleased to announce the results of new property wide Induced Polarisation and ground Magnetic geophysical surveys at its Aurum Copper Project in Region III, Chile. These surveys were carried out between November 2012 and February 2013 and formed part of a property wide reconnaissance program designed to test for the extensions of the known mineralization at the Tobaco-Carmen deposits.
The new induced polarization (IP) survey outlines an open ended trend of weak-moderate chargeability highs, which include the historic chargeability anomalies observed over the Tobaco-Carmen mineralization, extending at least 5 km to the southwest and 2 km to the northeast of the Tobaco-Carmen mineralisation (see Figure 1). The IP data also outline a new chargeability trend (the East Trend) approximately 3 km east of West Trend. The chargeabilities of this trend are substantially higher than the West Trend, extend for an 8 km strike length and remain open to the north and south.
QRS's President Diego Benalcazar, stated, "The continuity of the geophysical trend beyond the known Tobaco-Carmen mineralization is remarkable. The correlation with the lithology that hosts the Tabaco-Carmen and Dolores mineralization together with the location of historical small-scale copper workings suggests that the anomalous West Trend has additional potential for copper mineralization". Mr. Benalcazar continues by stating "discovery of the new East Trend is very encouraging and supports our belief in the exploration potential of the newly staked land to the east." It is also important to note that this new East Trend is coincident with a 3.5 km shear zone and a number of old copper workings.
-- The new geophysics results confirms that the known 750 m long Tobaco- Carmen copper deposit sits within a 7 km long belt of anomalous chargeability (the West Trend) containing evidence of strong copper mineralization.-- The West Trend now appears to have strong exploration potential for the expansion of the historic Carmen resource and the discovery of several new mineralized targets.-- A new 8 km long IP chargeability anomaly (the East Trend) has been discovered approximately 3 km SE of the known West Trend containing the Carmen deposit-- Initial analysis of the magnetic survey data along the West Trend reveals the presence of several new anomalies that mirror the magnetic responses seen close to the Tobaco-Carmen area.
QRS has commenced a structured and multi-disciplined program of exploration that will result in the definition of a number of detailed exploration targets aimed at expanding the existing Carmen deposit and the discovery of additional adjacent deposits along the West Trend. A number of additional programs will be carried out to explore the remainder of the property, including the newly discovered East trend.
The geophysical survey was carried out by Argali Geofisica Chile E.I.R.L. Argali is an experienced geophysical contractor who has worked in a similar geological setting at the nearby Relincho Project. The IP data was acquired using a pole-dipole electrode array and a dipole spacing of 100 m which was expanded through seven separations (n= 1 to 8). A time-domain waveform with a frequency of 0.125 Hz (2 seconds) was employed. Nine NW-SE oriented lines, spaced 1 kilometre apart were completed for a total of 43 line kilometres of survey.