|By Marketwired .||
|March 24, 2014 04:45 PM EDT||
VANCOUVER, BC--(Marketwired - March 24, 2014) - Meryllion Resources Corporation ("Meryllion" or the "Company") (TSX VENTURE: MYR) is pleased to announce that its program of reconnaissance mapping has led to the identification of another mineralized porphyry system on the Cerro Amarillo Cu-Mo-Au property in west central Argentina. The newly mapped system, known as the Vaca de Cobre prospect, lies some three km east-southeast of the Cerro Apero prospect along the eastern margin of the property (Figure 1). The persistent presence of chalcopyrite throughout the potassic alteration zone at Vaca de Cobre indicates it hosts a better-developed mineralization event than any of the other prospects presently recognized on the property.
The Vaca de Cobre prospect (Figure 2) was originally identified by Meryllion during its regional reconnaissance program as an area of yellow alteration visible in low-resolution satellite imagery. Recently, Meryllion georeferenced an aeromagnetic image from a helicopter survey flown over the area some years ago by Xstrata/MIM which indicated a strong magnetic anomaly slightly offset from the colour anomaly. As well, Meryllion superimposed new, high-resolution imagery captured by DigitalGlobe's WorldView-2 satellite, and found that a dark-grey colour anomaly is coincident with the magnetic anomaly, and is approximately 600 m in diameter and corresponds to an area of magnetite+chlorite alteration. In some outcrops, this magnetite+chlorite alteration appears to be a retrograde overprint of earlier secondary biotite (potassic) alteration. The centre of the magnetic anomaly occurs near the southern end of this outcropping potassic alteration zone, which suggests that this zone may be significantly larger at shallow depth. The original yellow colour anomaly corresponds to an area of albite+pyrite alteration that surrounds the northern side of the system, and appears to overprint the magnetite+chlorite alteration at the boundary between the two zones.
Within the magnetite-chlorite alteration zone is a complex of porphyry intrusives which outcrop over an area 450 m in diameter. The intrusives range from quartz-diorite to granodiorite in composition, and have similar mineralogy and textures to the other mineralized intrusive centres within the property; however, these bodies have a higher-proportion of free quartz, suggesting they are more fractionated than those found elsewhere. A hydrothermal breccia body with magnetite infill was mapped within the southeast section of this intrusive complex, and is approximately 50 m diameter in outcrop; the full extent is obscured by scree.
Mineralization at Vaca de Cobre was largely seen to be associated with quartz-magnetite stockworks, which were observed throughout the chlorite-magnetite alteration zone and appear to be most abundant (up to 10% rock volume) in a hornblende+biotite+quartz diorite porphyry in the northern-half of the intrusive complex. Veins in the chlorite+magnetite altered volcanics surrounding the intrusives are more abundant but thinner and dominated by magnetite. Mineralization occurs principally as chalcopyrite replacing magnetite in the stockwork veins, breccia and alteration of the potassic zone, particularly where the potassic alteration is partially overprinted by chlorite or albite+pyrite assemblages. Chalcopyrite was also observed as disseminated grains in the quartz-rich intrusives, which may represent replacement of primary magnetite or infilling of minute miarolitic cavities. Many of the chalcopyrite grains observed in outcrop are coated with a thin layer of chalcocite, suggesting supergene enrichment processes have been active. Copper carbonate minerals (malachite and azurite) were also observed in a few outcrops.
In summary, the Vaca de Cobre prospect contains a classical "porphyry copper" style intrusive complex with a mineralized core of potassic alteration and a halo of albite+pyrite alteration. The system is exposed at a level where the potassic alteration is partially overprinted by propylitic and albite+pyrite alteration, which is typically an ideal level within the system for precipitation of chalcopyrite. The potassic core of the system is somewhat larger than that at Cerro Apero, and the historical magnetic data indicates it may be increase in size with depth. The system does not appear to have a shell of phyllic-altered breccia, nor the potential for skarns seen at Cerro Apero as it lacks receptive country rock. While the scale of Vaca de Cobre is somewhat smaller than the Cajon Grande system, the persistent presence of chalcopyrite throughout the potassic alteration zone indicates a better developed mineralization event than any of the other prospects presently recognized on the property.
"Our exploration efforts have indicated that Cerro Amarillo is a cluster of mineralized porphyry systems along a northeast-trending corridor", commented Meryllion's CEO Terry Krepiakevich, "This is not unlike what has been found at the Vicuña and Alumbrera camps in Argentina or the Escondida, Collohuasi and Chuquicamata properties in Chile. Furthermore, each system at Cerro Amarillo has a sufficiently large scale footprint indicating large-tonnage potential for the property."
Meryllion's program at Cerro Amarillo comprises detailed geological mapping, geochemical sampling, and geophysical surveying together with property-wide prospecting. The exploration is being supervised by Willem Fuchter, PhD PGeo, CEO of Meryllion's subsidiary in Argentina. Dr. Fuchter is a Member of the Association of Professional Geoscientists of Ontario ("APGO"), and is a qualified person in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. He has approved the data disclosed in this news release.
Meryllion is a natural resource company engaged in the acquisition and exploration of resource properties in South America.
This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute " forward-looking statements " and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.
There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Figure 1. The Cerro Amarillo property in Argentina showing the location of the Vaca de Cobre, Cerro Apero, Cajon Grande, and La Blanca prospects.
Figure 2. Geological map of the Vaca de Cobre prospect on the Cerro Amarillo property in Argentina.
Image Available: http://www.marketwire.com/library/MwGo/2014/3/21/11G013621/Images/20140320_CA_VacaDeCobre_Figure_01-493063201559.jpg
Image Available: http://www.marketwire.com/library/MwGo/2014/3/21/11G013621/Images/20140320_CA_VacaDeCobre_Figure_02-1236902606148.jpg
For more information, please contact
Alex Bayer, Chief Legal Officer and Corporate Secretary
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
Oct. 7, 2015 04:45 PM EDT Reads: 177
SYS-CON Events announced today that Spirent Communications, the leader in testing navigation and positioning systems, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Spirent Communications enables innovations in communications technologies that help connect people. Whether it is service provider, data centers, enterprise IT networks, mobile communications, connected vehicles or the Inte...
Oct. 7, 2015 04:45 PM EDT
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. Migration to cloud shifts computing resources from your data center, which can yield significant advantages provided that the cloud vendor an offer enterprise-grade quality for your application.
Oct. 7, 2015 04:39 PM EDT
The APN DevOps Competency highlights APN Partners who demonstrate deep capabilities delivering continuous integration, continuous delivery, and configuration management. They help customers transform their business to be more efficient and agile by leveraging the AWS platform and DevOps principles.
Oct. 7, 2015 04:15 PM EDT Reads: 120
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Oct. 7, 2015 04:13 PM EDT
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of at least three separate application components: the software embedded in the device, the backend big-data service, and the mobile application for the end user's controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/...
Oct. 7, 2015 04:00 PM EDT Reads: 201
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes ab...
Oct. 7, 2015 04:00 PM EDT Reads: 1,063
Saviynt Inc. has announced the availability of the next release of Saviynt for AWS. The comprehensive security and compliance solution provides a Command-and-Control center to gain visibility into risks in AWS, enforce real-time protection of critical workloads as well as data and automate access life-cycle governance. The solution enables AWS customers to meet their compliance mandates such as ITAR, SOX, PCI, etc. by including an extensive risk and controls library to detect known threats and b...
Oct. 7, 2015 04:00 PM EDT Reads: 126
DevOps and Continuous Delivery software provider XebiaLabs has announced it has been selected to join the Amazon Web Services (AWS) DevOps Competency partner program. The program is designed to highlight software vendors like XebiaLabs who have demonstrated technical expertise and proven customer success in DevOps and specialized solution areas like Continuous Delivery. DevOps Competency Partners provide solutions to, or have deep experience working with AWS users and other businesses to help t...
Oct. 7, 2015 04:00 PM EDT Reads: 115
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
Oct. 7, 2015 04:00 PM EDT Reads: 2,131
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, will look at di...
Oct. 7, 2015 03:30 PM EDT Reads: 551
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. It also ensured scalability and better service for customers, including MUY! Companies, one of the country's largest franchise restaurant companies with 232 Pizza Hut locations. This is one example of...
Oct. 7, 2015 03:30 PM EDT Reads: 7,417
Between the compelling mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how busine...
Oct. 7, 2015 03:15 PM EDT
SYS-CON Events announced today that Luxoft Holding, Inc., a leading provider of software development services and innovative IT solutions, has been named “Bronze Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Luxoft’s software development services consist of core and mission-critical custom software development and support, product engineering and testing, and technology consulting.
Oct. 7, 2015 03:15 PM EDT Reads: 606
JFrog has announced a powerful technology for managing software packages from development into production. JFrog Artifactory 4 represents disruptive innovation in its groundbreaking ability to help development and DevOps teams deliver increasingly complex solutions on ever-shorter deadlines across multiple platforms JFrog Artifactory 4 establishes a new category – the Universal Artifact Repository – that reflects JFrog's unique commitment to enable faster software releases through the first pla...
Oct. 7, 2015 03:00 PM EDT Reads: 581