Int’l Annax cuts massive sulphides at Dairi

Vancouver — Drilling at the Dairi massive sulphide project in Indonesia has yielded more encouraging grades for International Annax Ventures (iax-v).

Hole 44D, collared 3 km northwest of the Anjing Hitam zone, cut three intervals grading up to 6% zinc and 2.9% lead, plus 5.7 grams silver per tonne, over 8.1 metres. Mineralization begins 141 metres down-hole.

Collared 460 metres to the northwest, hole 45D intersected 6 metres of massive sulphides, starting 99 metres down-hole. Results are pending.

At Anjing Hitam, hole 43D hit the zone 40 metres east of hole 41D, which yielded 6.6 metres averaging 15.6% zinc, 9.1% lead 26.8 grams silver, starting 369 metres down-hole. Although results are pending, 9 metres of massive sulphides were intersected at a down-hole depth of 381 metres.

Mineralization is hosted in a 30-to-140-metre-thick sequence of carbonaceous shale and siltstone that strikes northwest and dips to the northeast. The mineralized beds appear to flatten out at depth.

Drilling also tested the continuity of the main mineralized sedimentary-exhalative horizon at the southeastern end of the Sopokomil zinc-lead prospect, as well as surrounding regional targets. A resource estimate for Anjing Hitam is expected in January.

Single and multiple massive sulphide horizons have been identified along a 5-km strike length. To the end of last year, 18 widely spaced drill holes had tested a 1.5-km length of the favourable horizon.

The Dairi project comprises a seventh-generation contract of work covering 220 sq. km and a Kuasa Pertambanggan (land permit) of 136 sq. km. Annax owns an 80% interest in the property, with the remainder held by state-owned Aneka Tambang. Australian-listed Herald Resources owns 71% of Annax.