The ground magnetic survey was conducted along N-S orientated lines spaced 100 m apart. A total of 417 line kilometres of data were acquired as continuous profiles with readings every second of an approximate station spacing of approximately 0.5 to 1.5 m. Survey control was maintained with a high quality GPS system within the magnetometer. Complete UTM coordinates and elevation data were acquired simultaneously with each magnetic reading. The GPS datum was WGS84.
West Exploration Trend
The IP data show weak chargeability anomalies (highs) over the known Tabaco-Carmen mineralization, consistent with previous IP surveys. The new surveys show that these chargeability anomalies continue at least 5 km to the SW and 2 km to the NE and remain open in both directions. The chargeability trend usually correlates closely with deep conductive zones and a long linear magnetic low that may be associated with alteration. The trends also correlate with the same lithology that hosts the Tabaco-Carmen and Dolores mineralization and in some areas with small copper workings. The continuity of the geophysical trends suggests that the anomalous trend has exploration potential for additional copper mineralization.
Detailed analysis of the magnetic data is still underway and a detailed interpretation of both the West and East Trends will be released when available. However; preliminary analysis of the magnetic data has outlined several high magnetic areas on the western portion of the grid but the magnetic source does not appear to be reflected in the geologic mapping. A NE-trending magnetic low approximately 500 m wide and 8 km long is located to the east of these magnetic highs. This magnetic low encompasses most of the favorable altered lithology within the project area, including the Tabaco deposit.
Several zones along the West Trend show magnetic features similar to those seen in the Tobaco-Carmen area and those coincident with existing copper mineralization and other supporting geologic data are priority target areas for detailed mapping and sampling.
East Exploration Trend
The IP data also outline a second chargeability trend approximately 3km east of the West Trend. This "East Trend" extends for 8 km strike length and remains open to the north and especially to the south where chargeability is the highest. The East Trend chargeabilities are much higher than along the West Trend, suggesting increased local bedrock conductivity, possible due to the presence of pyrite. Copper sulphides may also be present since sporadic copper workings occur along the East Trend. More importantly, a 3.5 km long shear zone (with an observed width of approximately 5 to 12 m) hosting several old mining workings is situated on the same strike and location of the East Trend. Low resistivities are associated with East Trend, especially on the southernmost lines. Prior to additional geophysical exploration in the East Trend, it will be mapped in detail to determine the probable source of the chargeability anomalies.
To view Figure 1, "IP Chargeability," please visit the following link: http://media3.marketwire.com/docs/QRS49.pdf.
The technical information contained in this news release has been reviewed by Terence Walker, M.Sc., P.Geo., an independent qualified person for the purposes of National Instrument 43-101.
About QRS Capital Corp.
QRS is a mineral exploration company focused on exploration and development stage copper and gold targets in South America, particularly in Chile, Peru and Mexico.
ON BEHALF OF THE BOARD OF DIRECTORS
John Seaman, Chairman & CEO
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about future, exploration results relating to the Aurum-Copper property, exploration plans for the Aurum-Copper property and the exploration potential of the Aurum-Copper property. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the Company's disclosure documents. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Apex Capital Inc.
Most Popular Stories
- NSA Defends Global Cellphone Tracking Legality
- Top Websites for U.S. Hispanics
- Networks Vie for U.S. Hispanic TV Viewers
- Ad Counts Rise in 2013 for Hispanic Magazines
- Apple Wants Samsung to Pay $22M for Patent Dispute Legal Bills
- Starbucks Gets Grinchy; No Gingerbread Lattes for Tampa Customers
- Apple Paid Its Lawyers More Than $60MM to Defeat Samsung in Court
- Jobs Report Brings Cheer As Unemployment Drops to Five-year Low
- Economic Bright Spots Not a Sure Boost for President Obama
- US Consumer Borrowing Rose $18.2B in Oct.