Int’l Annax unveils results

A planned 7-hole drill program is testing the downdip continuity of high-grade stratiform massive sulphide mineralization at the Dairi project in North Sumatra, Indonesia.

International Annax Ventures (IAX-V) is targeting the southeastern end of the Sopokomil zinc-lead prospect, where previous drilling hit 6.8 metres grading 21.3% zinc and 12.9% lead, plus 19 grams silver per tonne, in diamond drill hole SOP-1D and 17 metres grading 18% zinc and 12% lead in hole 18D, a further 150 metres to the southeast.

The third hole of the 2000 program, 24D, was collared 100 metres north of hole 18 and intersected 4 metres grading 8.2% zinc, 5.1% lead and 7.7 grams silver, beginning at a down-hole depth of 48 metres. This was followed by 10.2 metres grading 17% zinc, 12.2% lead and 19.1 grams silver, starting at a depth of 64.8 metres.

Hole 24 was drilled about 80 metres updip of hole 23D, which cut 3 metres of 2.6% zinc, 1.5% lead and 3.2 grams silver, immediately followed by 14.5 metres grading 15.9% zinc, 9% lead and 8.6 grams silver, starting at 104 metres down-hole.

The first hole of the program, 22D, was drilled 100 metres downdip of hole 18 at an angle of -85 and intersected a previously reported 2.7 metres grading 29% zinc, 22.2% lead and 21.4 grams silver, followed by a second interval of 19.1 metres grading 16% zinc, 7.54% lead and 4.8 grams silver.

Annax is currently drilling hole 26D, which is testing the mineralization downdip from hole 1. Hole 25D intersected a 5-metre section of sulphide vein stockwork, 100 metres updip of hole 18, which suggests that the main sedimentary-exhalative (sedex) horizon may have been displaced by faulting.

Aneka Tambang owns a minority interest in Dairi.