Perth, Jan 16, 2008 AEST (ABN Newswire) - Minemakers (ASX: MAK) undertook Stage 1 RC drilling programmes in 2007 at the historic Storey's Creek and Aberfoyle tungsten and tin mines in north eastern Tasmania. Results were released on 21 June 2007 and 24 October 2007 and, in those reports, doubts were expressed concerning the accuracy of at least the tungsten assays which were at odds with historic production.
Minemakers is pleased to report that results have been obtained from a trial re-sampling programme from the Storey's Creek programme. ICP and fusion XRF assaying techniques have both indicated that the grade was about 30% higher than was previously obtained from powder XRF assaying. In consequence, an ICP and fusion XRF re-assaying programme for several holes from both Storey's Creek and Aberfoyle has been initiated for tungsten, tin and base metals.
Depending on the results, Minemakers may then re-assay all other holes from those drilling programmes so as to derive an accurate assay picture to date and to enable planning for further resource investigations.
Managing Director, Andrew Drummond stated: "When we drilled Storey's Creek, which was a major old tungsten mine with byproduct tin, and the drill samples returned more tin than tungsten, we knew something was not in order. The new assays are getting us back on the track of a proper appraisal of this great old mining field and I look forward to the next round of assays."
MINEMAKERS' BACKGROUND
Minemakers has acquired and aims to be a developer of mineral projects. The company has a portfolio comprising several projects with identified resources and large databases and others with highly prospective mineral targets. There are currently five projects in the portfolio covering iron ore, tin and tungsten, salt, phosphate, fluorite and polymetallics. The tin/tungsten and phosphate deposits are also highly prospective for uranium.
The most advanced project is in the North East of Tasmania and is centred on the historic Aberfoyle and Storey's Creek tungsten and tin mines whilst the Moina (Tas) fluorite and polymetallics and the Wonarah (NT) phosphate projects have strong medium term potential.
The Company has identified a unique opportunity to position itself with non-mainstream commodities or mineralization. Rising demand has increased prices for many mineral commodities. In several of the commodities for which Minemakers holds large deposits or targets, restricted Chinese mineral exports have decreased available supply.
Minemakers' projects are in Australia, with its low sovereign risk and generally contain deposits with open cut mining potential.
Contact
Phone: +61 8 9264 7000
Facsimile: +61 8 9264 7099
Email: frontdesk@minemakers.com.au
Web: www.minemakers.com.au
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