Extensive New Zinc Zone Confirmed at Altia Joint Venture, North Queensland
Thursday, November 11th, 2010
Breakaway Resources Limited is pleased to report that assay results for a recent intersection of zinc mineralisation located approximately 800 metres east of the Altia Silver-Lead-Zinc Deposit in North Queensland have confirmed the presence of a broad new zone of strongly anomalous zinc mineralisation, further enhancing the overall discovery potential of the Altia Deposit area.
The intersection was recorded during the recently completed deep diamond drilling programme undertaken by BHP Billiton Minerals Pty Ltd at Altia, which is located in North West Queensland’s Cloncurry District.
The six-hole (4,479 metre) diamond drilling programme was undertaken to test the broader potential of the Altia Deposit and formed a key component of the first year minimum expenditure commitment of $1 million under the terms of the $10 million Altia Farm-in and Joint Venture concluded with Breakaway last year.
As previously announced, drill hole ADD10_06 intersected a 7.45 metre (downhole width) zone of weak zinc mineralisation within a broader 35 metre zone of altered shale host rocks from 663.35 metres.
Analyses returned the following significant results (downhole widths):
• 7.00m @ 0.71g/t Ag, 0.06% Pb, 0.28% Zn from 664.0 metres
• 1.15m @ 3.14g/t Ag, 0.63% Pb, 0.46% Zn from 674.4 metres
• 10.00m @ 1.14g/t Ag, 0.08% Pb, 0.65% Zn from 688.0 metres including;
• 2.00m @ 2.72g/t Ag, 0.21% Pb, 1.61% Zn from 694.0 metres and 0.30m @ 3.12g/t Ag, 1.03% Pb, 5.39% Zn from 694.80 metres.