Vancouver — Junior
The ongoing program is outlining the grade, width and continuity of a zone previously identified by the Geological Survey of Vietnam.
Highlights include hole 50, which intersected 45.9 metres grading 0.98% tungsten trioxide, including a 12-metre section that assayed 1.29% tungsten trioxide. Holes 50, 53, 54 and 55 were collared in a north-south fence 50 metres east of the central gossan area.
The deposit is viewed as a potential open pit. Drill results indicate a flat-lying body up to 160 metres thick, which stretches 2 km east-west and 300-400 metres across.
Mineralization is hosted in skarns and greisenized or retrograde equivalents. At Nui Phao, the greisenization consists of high-fluorine, beryllium, tungsten, tin and limited rare earth metals, which have replaced granitic dykes and earlier-formed skarn units.
Tiberon has retained the services of Mineral Resource Development (MRDI) to complete a mineral resource estimate at Nui Phao. Results are expected in November.
Tiberon holds a 70% interest in the Nui Phao project, with the remainder held by Vietnamese parties. The 32.1-sq.-km Nui Phao licence is in the northern province of Thai Nguyen, about 90 km north of Hanoi.
Highlights from the ongoing program are outlined in the accompanying table.
HoleFrom-ToIntervalTungsten TrioxideGoldCopperBismuthFluorite
| (metres) | (metres) | (%) | (g/t) | (%) | (%) | (%) | |
| 47 | 36.2-46.2 | 10.0 | 0.45 | 0.48 | 0.46 | 0.18 | 7.0 |
| 56.2-62.2 | 6.0 | 0.46 | 0.63 | 0.40 | 0.24 | 8.6 | |
| 114.6-138.6 | 24.0 | 0.31 | 0.34 | 0.25 | 0.11 | 4.9 | |
| 164.6-170.6 | 6.0 | 0.38 | 0.28 | 0.11 | 0.05 | 10.8 | |
| 49 | 16.2-22.2 | 6.0 | 0.39 | 0.18 | 0.16 | 0.08 | 3.7 |
| 48.2-62.2 | 14.0 | 0.57 | 0.39 | 0.41 | 0.16 | 7.3 | |
| 104.2-154.2 | 50.0 | 0.52 | 0.41 | 0.28 | 0.13 | 10.2 | |
| including | 148.2-154.2 | 6.0 | 1.29 | 0.33 | 0.12 | 0.08 | 15.3 |
| 50 | 58.1-104.0 | 45.9 | 0.98 | 0.23 | 0.34 | 0.13 | 4.7 |
| including | 90.0-102.0 | 12.0 | 2.73 | 0.13 | 0.26 | 0.10 | 4.0 |
| 166.0-168.0 | 2.0 | 0.59 | 0.08 | 0.12 | 0.03 | 3.3 | |
| 172.0-184.0 | 12.0 | 0.43 | 0.19 | 0.22 | 0.11 | 5.2 | |
| 51 | 122.0-137.3 | 15.3 | 0.58 | 0.50 | 0.29 | 0.22 | 5.4 |
| 52 | 48.9-52.9 | 4.0 | 0.55 | 0.45 | 0.37 | 0.22 | 7.6 |
| 127.0-145.0 | 18.0 | 0.41 | 0.28 | 0.11 | 0.07 | 11.1 | |
| 53 | 37.0-39.0 | 2.0 | 1.36 | 0.45 | 0.41 | 0.18 | 5.1 |
| 65.0-69.0 | 4.0 | 0.18 | 3.16 | 0.28 | 0.98 | 2.2 | |
| 99.0-115.0 | 16.0 | 0.56 | 0.51 | 0.43 | 0.19 | 6.9 | |
| 54 | 3.0-45.0 | 42.0 | 0.39 | 0.37 | 0.39 | 0.17 | 7.0 |
| 55 | 45.0-55.0 | 10.0 | 0.69 | 0.62 | 0.42 | 0.30 | 5.5 |
| 101.0-119.0 | 18.0 | 0.56 | 0.20 | 0.33 | 0.15 | 3.2 | |
| including | 109.0-113.0 | 4.0 | 1.37 | 0.14 | 0.35 | 0.12 | 3.1 |
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