Assays Confirm High Grade Mineralization on the “Four Corners” MAG Anomaly
The Four Corners Project (FCP) 100% owned and operated by the Four Corners Mining Corporation (FCMC) for parent company Triple Nine Resources Ltd. (TNR) is proving it has the potential to host a very large, bulk tonnage iron ore (magnetite) – titanium – vanadium resource. Prospecting along the “Four Corners” MAG Anomaly (FCMA), 1 of 4 strong magnetic anomalies detected during the 2011 Airborne ElectroMagnetic (AEM) Survey, confirm widespread enrichments of titanium – vanadium – iron ore (magnetite) mineralization with assays just received from Actlabs, ON showing high grade values up to 48.83% iron oxide (Fe2O3 T), 12.45% titanium oxide (TiO2) and 0.31% vanadium pentoxide (V2O5).
The FCMA was selected first for prospecting as it is the largest of the four anomalies interpreted and modeled by SJ Geophysics of Delta, B.C. with a strike length of at least 4.5 kms and up to 1.5 kms wide making it much larger than the Keating Hill East Anomaly (KHEA) located 5 kms east and the initial MAG target that has been the focus of exploration work since 2009.
Chairman and CEO Len Muise states these results are one of the most significant exploration results on the property since exploration began at Keating Hill in 2009. Angular boulders and outcrops of massive magnetite mineralization sampled along the 4.5 km strike length of the FCMA averaged 35.00% iron oxide (Fe2O3 T), 7.00% titanium oxide (TiO2) and 0.17% vanadium pentoxide (V2O5). Mr. Muise notes to achieve these results at such an early stage of prospecting is very encouraging.
Also, the prospecting and sampling carried out by contract prospector Shawn Rose in late November uncovered Platinum Group Elements (PGE) mineralization in outcrop and sub-outcrop, the first discovery of PGE’s on the FCP. Anomalous values are identified at several sites with values ranging up to 20 ppb (0.02 g/t) Platinum and 24 ppb (0.024 g/t) Palladium accompanied by Gold up to 0.011 g/t.
As a result of these highly positive results 100 new mining claims have been staked to cover another 2.5 kms of potential strike length inferred for the “Four Corners” MAG Anomaly from the 2011 AEM Survey. This latest staking increases the number of claims to 364 covering 23,105 acres or 9,354.25 hectares.
The magnetite mineralization now uncovered along the FCMA confirms the strong magnetic responses detected during the 2011 AEM survey are being produced by iron ore (magnetite) – titanium – vanadium mineralization and together with the 3 years of positive surface and drilling results at the Keating Hill East Anomaly demonstrate all 5 anomalies identified to date suggest 5 distinct, mineralized zones within the project area. These new targets will now be earmarked for detailed exploration in concert with the planned drilling program scheduled in 2012 for the advancement of the Keating Hill East Anomaly.
Victor A. French, P. Geo., VP Exploration and a qualified person as defined by National Instrument 43-101 reviewed the technical information contained in this news release.