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  • published in 2010-07-01 08:26:26 
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  • PRESS RELEASE: Landen Capital Discovers Two New Mineralized Zones Located 1.3 km From Its Main Poly-metallic Samapleu Deposit in Cote d'Ivoire Including 15 Metres of Semi-Massive Sulphide Materi ...
  • PRESS RELEASE: Landen Capital Discovers Two New Mineralized Zones Located 1.3 km

    From Its Main Poly-metallic Samapleu Deposit in Cote d'Ivoire Including 15

    Metres of Semi-Massive Sulphide Material

    Thu Jun 17 07:30:03 2010 EDT

    VANCOUVER BRITISH COLUMBIA--(Marketwire - June 17 2010) - Landen Capital

    Corp. (TSX VENTURE:LAN) ("Landen") is pleased to announce the discovery of two

    new mineralized zones located 1.3 kilometres ("km") and 1.4 km respectively

    from Landen's main Samapleu poly-metallic deposit (the "Project"). Exploration

    hole SM24-661614 drilled 1.3 km northeast of the Project intersected 106.2

    metres ("m") of mineralized material including 15 m of semi-massive sulphide

    (pyrrhotite ("Py") pentlandite ("Pn") and chalcopyrite ("Cp")). A second

    exploration hole SM23-675562 located 1.4 km northwest of the Project

    returned 25 m of ultramafic host with 2 m of up to 60% disseminated Py Pn and

    Cp rich sulphide material.

    "These two newly discovered mineralized zones open up a whole new perspective

    and potential for the Project. We are very enthusiastic about the potential for

    SODEMI and Landen to become major poly-metallic producers in West Africa" said

    Dr. Audet President and CEO of Landen.

    The Project is a joint venture amongst Landen's 100% owned subsidiary SAMA

    Nickel Corporation ("Sama") (66 2/3%) and Societe pour le Developpement Minier

    de Cote d'Ivoire ("SODEMI") (33 1/3%).

    These two holes drilled last week were aimed at testing induced

    polarization ("IP") anomalies that formed two parallel sectors several km long

    and 500 m apart from each other. These two new discoveries increase the

    potential of the Project by adding several km of prospective ground northwest

    north and northeast of the Project. Both new zones extend outside Sama's cut

    grid toward the west and the east. The reader is invited to visit Landen's

    website: www.landencapital.com under item "Investors/May 2010 investor

    presentation.pdf" for maps (slide 11) showing the location of these two new

    parallel mineralized zones outlined by IP anomalies 01 and 02. Table 1 shows

    the mineralized intersections for these two holes. Intervals with less than 10%

    disseminated mineralization are not reported in Table 1. True width for these

    mineral intersections are not known at this moment. However according to our

    geological model these holes were planned to intersect the ultramafic host

    perpendicular to the general strike and dip.

    The semi-massive mineralized material intersected at the first new zone

    called "Sama-Extension 1" presents a net-textured rock composed of intermixed

    sulphides and olivine. Sulphide phases are composed of a light grey metallic

    lust compound of combined Py-Pn and yellowish Cp phases. Cp phases are distinct

    from the Py-Pn compound and locally represent up to 30% of the me

    Now 1/ total 4 pages Index previous 1 2 3 next Last 1 per page / total 4
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