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Chifeng, Inner Mongolia, Mongolia, 2012/07/16 - According to OTO Mining Ltd’s mining team report, the assaying in that hole started at 450 meters below the siliceous cap and extended to 1,667.5 meters - OTOLtd.com.
OTO Mining Ltd announced the recent drilling results of a silver drill hole MVB 005 at Shinbagou silver mines region located in Mesozoic volcanic basin Keshiketeng County, Inner Mongolia, covering 11.2 square kilometers. In this project OTO Mining holds a working interest of 65%.
According to OTO Mining Ltd’s mining team report, the assaying in that hole started at 450 meters below the siliceous cap and extended to 1,667.5 meters.
Averaging the assaying results between 500 and 1,667.5 meters over 1,026.7 meters gives the following results:
• The average of the whole achieved amount contains 101.5 g/t silver, 0.35 g/t gold and 80 ppm (parts per million) Molybdenum. But the mining engineers intersected the hole into four intervals of significant silver mineralization. The best section includes 8.7 meters of 265.8 g/t silver from the Manganese Oxide Zone and 15.8 meters of 171.6 g/t silver from the Upper Silver Zone.
• The mineralization procedure consisted of disseminated pyrite, chalcopyrite and molybdenum together with disseminated magnetite including argillaceous alteration. From a hole depth of 500 meters the mineralization was within mixed volcanic and sediments passing below 895 meters into diorite and micro diorite intrusive.
OTO Mining (otoltd.com) is very pleased that the strength and extent of mineralization cut by MVB 005 is pretty impressive. So the company is thinking that it will start extensive drilling work by the end of this season.
The strategy of the company is to focus on the development of quality assets. With this, the company is committed to the acquisition, exploration, and development of the highest quality silver properties within the country of China. Exclusive silver mining projects in pro-mining areas of China have been developed by the company, and OTO Mining, Ltd shows impressive portfolio of properties and projects. We were able to do this by following our strategy and acquiring interests in active silver excavation projects.