Tiomin cuts wide copper zones at Pukaqaqa

Tiomin Resources (TIO-T) has cut significant copper at its Pukaqaqa project 10 km northwest of Huancavelica, Peru.

Drilling was highlighted by hole 95, which cut 280.6 metres grading 0.87% copper and 0.095 gram gold per tonne beginning at one metre down hole and ending at 280.6 metres.

True thickness of this mineralization is estimated at 209 metres. The intersection graded 0.66% copper and 0.06 gram gold for the first 98 metres (true width), cutting the Northern Blanket zone, followed by 110 metres (true width) grading 1.06% copper and 0.13 gram gold per tonne in the Gaby breccia splay.

The copper cutoff varied from 0.3-0.5% at shallow depth up to 1% in the sulphide mineralization at depth.

Six other holes cut from 1.07-2.2% copper over true widths of 5.2-42 metres. The hole, which graded 2.2% copper, also cut 0.91 gram gold and 4.59 grams silver per tonne over the same true width interval of 5 metres.

One of these holes graded up to 184.5 ppm molybdenum over a true width of 21 metres.

Nine holes cut from 0.34-0.81% copper over true widths ranging from 10.4-65 metres.

In total 16 holes, or 3,400 metres of drilling, tested the Northern Blanket, Southern Blanket and Gaby breccia zones.

The Gaby breccia zone, at the eastern edge of the blankets, is sub-vertical and has a strike length of almost two km. The blankets are flat-lying; the Northern blanket has been cut over a 1-km by 800-metre area, whereas the Southern blanket has an area of at least 200 metres by 600 metres.

One hole, drilled into the Monica breccia zone, failed to hit significant mineralization.

In 2001, Rio Tinto Mining (RTP-N) estimated the measured resource of the Gaby breccia at 2.4 million tonnes grading 1.04% copper. In addition Pukaqaqa had an indicated 65.3 million tonnes grading 0.9% copper and an inferred 18.5 million tonnes grading 0.94% copper. The estimate used a 0.5% copper cutoff.

This estimate was based on 17,590 metres of diamond drilling and 91 reverse circulation holes.

Tiomin is earning a 49% interest in Pukaqaqa from Peruvian miner, Compania Minera Milpo. (Milpo optioned the property from Rio Tinto).

In addition Tiomin is busy arranging financing to begin construction at its Kwale titanium sands project in Kenya. The project is fully permitted, a bankable feasibility is complete and the company intends to begin construction there later this year.