Senator Drills 770 ft of .309% Cu, .038% Mo, .33g/t Gold; Publishes Inferred Resource
January 18 2010 - 10:25AM
Marketwired
Senator Minerals Inc. ("Senator" or "the Company") (TSX VENTURE:
SNR)(FRANKFURT: T1K) announces that it has received an updated
independent Technical Report from Edward Harrington of Reliance
Geological Services giving results of the 2008 drill program on the
Taurus property, southeastern Alaska and, for the first time,
calculating an inferred resource.
The following information quotes directly from the Technical
Report:
"In 2008, Senator carried out a core drilling program on the
Taurus property consisting of three vertical NQ2-size holes
totaling 3,179 feet (969 meters).
T08-40 was located to test to the north, and up-slope, of
previous East Taurus drilling, while T08-41 and T08-42 were
designed to test to the west and east respectively. Holes were
placed within 600' of previously drilled holes in order to qualify
all holes for resource development calculations.
All three holes returned significant mineralized intervals:
- T08-40: 116 feet grading 0.186% copper, 0.038% moly, 0.33 g/t
gold and 772 feet grading 0.309% copper, 0.036% moly, 0.245 g/t
gold;
- T08-41: 179 feet grading 0.258% copper, 0.021% moly, 0.149 g/t
gold; and
- T08-42: 57 feet grading 0.232% copper, 0.004% moly, 0.015
gold.
An inferred mineral resource at Taurus is estimated at
75,268,894 million tons grading 0.275% copper, 0.032% molybdenum,
and 0.166 g/t gold. The estimated inferred resource would contain
414 million pounds of copper, 48 million pounds of molybdenum, and
401,000 ounces of gold.
In order to calculate this inferred resource, the following
assumptions, parameters, and methods were used:
- Results were used from ten "qualified holes" only, being those
that were drilled vertically and had three holes within 600 feet.
Average distance between holes was 474 feet;
- These ten holes averaged 824 feet in depth;
- An area of influence with a radius of either 250 or 300 feet
was centered on the qualified holes in order to best reduce
voids;
- Where areas of influence overlapped, the overlaps were
subtracted from the total of the individual areas;
- Where overlaps were considered too complex, area calculations
were carried out using triangle geometry;
- Once an area of influence was calculated for an individual
drill hole, tonnage was calculated using drill-indicated intervals.
Tonnage is based on 168 pounds per cubic foot of rock;
- Weighted averages were calculated using drill-indicated grades
in order to arrive at a final inferred resource grade estimate.
Cut-off grades of 0.1% Cu and 0.01% Mo and .1 g/t gold were used;
and
- Historical drill holes were included along with more recent
drilling, but four of the historical holes had not been assayed for
gold, so when an interval from an historical hole was used for
copper and molybdenum, the gold value was assumed to be zero."
The full Technical Report is available on the Company's web site
at: http://www.senatorinc.com/Properties/Taurus/TR-Jan10.pdf
Senator Minerals Inc is a TSX-V-listed junior exploration
company with a diverse portfolio of property interests in North
America, including a 100% interest in the Taurus copper-moly-gold
deposit in southeastern Alaska, a 50% interest in a bentonite
target near Midas, NV, and a 100% interest in 40,000+ hectares of
coal prospecting permits in the Montreal Lake area,
Saskatchewan.
Senator also holds 1% NSR's on the Rosebud gold-silver prospect
in northwestern Arizona and on both the Okey and Key high grade
copper prospects in northeastern British Columbia.
Technical responsibility:
This news release has been reviewed and approved by the author
of the Taurus Technical Report, Edward Harrington, PGeo and an
independent Qualified Person, and by Richard Redfern, CPG,
Qualified Person and a director of Senator Minerals Inc.
This News Release was prepared on behalf of the Senator Board of
Directors, which accepts full responsibility for its contents.
ON BEHALF OF THE BOARD
Donald A (Tony) Simon, BComm, CA, President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Senator Minerals Inc. Donald A (Tony) Simon, BComm, CA
President 604-662-8604 contact@senatorinc.com
www.Senatorinc.com
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