|By Marketwired .||
|June 9, 2014 04:05 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/09/14 -- Reservoir Minerals Inc. (TSX VENTURE:RMC)(PINKSHEETS:RVRLF)(BERLIN:9RE) ("Reservoir" or the "Company") is pleased to provide an update on exploration activities in the Company's 100%-owned Properties in the Timok Magmatic Complex in Serbia. The Company is budgeting up to $5 million on exploration programs this year, including systematic geochemical sampling, ground geophysics, trenching and drilling on the Coka Kupijatra, Tilva Njagra, Nikolicevo and Kraljevica exploration permits, which cover a combined area of 293.2 square kilometres. A map showing the locations of these exploration permits is posted on the Company website (www.reservoirminerals.com).
Dr. Simon Ingram, President and CEO of Reservoir Minerals Inc. commented: "The proximity of the Nikolicevo and Kraljevica exploration permits to the Bor copper-gold mining complex and the Cukaru Peki copper-gold discovery, combined with favourable geology, the lack of any historical drilling, and the encouraging results from initial Company fieldwork, make this a very exciting program for us, with potential to discover new porphyry and epithermal copper-gold targets. Company geologists have integrated their detailed understanding of the geology of the Bor mining district and the Cukaru Peki discovery to design an effective exploration campaign to test these permits. Evaluation of the drilling already completed on the Coka Kupijatra and Tilva Njagra exploration permits also provides support for the presence of epithermal gold and porphyry copper-gold mineralisation."
Nikolicevo and Kraljevica Exploration Permits
The Nikolicevo and Kraljevica exploration permits are located in the eastern Timok. The Nikolicevo exploration permit is adjacent and to the east of the Brestovac-Metovnica Permit (approximately 5 kilometres east of the Cukaru Peki discovery) and about 8.5 kilometres southeast of the Bor copper-gold mining complex. The Kraljevica permit is located on strike to the south of the Nikolicevo exploration permit.
The underlying geology in both permits includes andesites from the first phase of volcanism, which are the host rocks to the Cukaru Peki copper-gold mineralisation in the Brestovac-Metovnica permit, and the volcano-sedimentary post-mineralization succession all of Upper Cretaceous age and unconformably overlying Miocene clastic sediments in the east of the permit areas.
In spite of its proximity to the Cukaru Peki discovery and the Bor mining district, the Company is not aware of any historical exploration on either of the permits and there are no records of any previous drilling. There are no known copper or gold mineral occurrences recorded on either of the permits.
The Company has initiated a fast-track exploration campaign on both permits, which includes detailed geological mapping, structural analysis, systematic soil and rock geochemical sampling, ground geophysics (magnetometry, controlled source magneto-telluric (CSAMT) and induced polarisation (IP)). The initial results have identified geochemical anomalism (rock chip and soil geochemistry) and surface indications of copper mineralisation hosted by andesites in a favourable structural setting and with a distinctive geophysical signature. Company geologists are now defining targets that will be tested by an initial 3,000 metre drilling campaign this summer.
Coka Kupijatra and Tilva Njagra Exploration Permits
The Coka Kupijatra and Tilva Njagra exploration permits are located in the western Timok and include basaltic andesites of the second phase of Upper Cretaceous volcanism, which are characterised by extensive hydrothermal alteration and epithermal gold and porphyry copper-molybdenum mineralisation. Occurrences within the permits include the high-sulphidation gold mineralisation at Coka Frasen, Coka Kupjatra, Beljevina-Kumustaka and Tilva Njagra and the low sulphidation gold-bearing vein-type mineralisation at Zlace. Historical work by state-owned agencies and companies in the period 1960 to 1990 focussed on discovery of copper mineralisation that could add to the resources being exploited by the state-owned mining company at Bor and Majdenpek.
During 2012 and 2013 Freeport-McMoRan Exploration Corporation ("Freeport"), independently and without technical support from the Company, undertook a limited CSAMT survey on the Tilva Njagra permit, and drilled eight wide-spaced holes at different targets to test for porphyry copper-gold mineralisation in both the Coka Kupijatra and Tilva Njagra exploration permits. Only selected intervals in five holes were analysed for copper and other elements by ICP-AES and for gold by fire assay and AAS and no analyses have been undertaken on core from three of the holes. Weak copper mineralisation was found in two holes and low-grade, high-sulphidation gold mineralisation in the near surface sections of the Kulmea target (FMWC 1201 intersected an average of 0.54 grams per tonne gold over 41.0 metres (from 0.0 to 41.0 metres) from surface). Maps showing the location of the exploration permit perimeters, mineral occurrences and drill holes, and tables with the significant intercepts are presented on the Company website (www.reservoirminerals.com).
The Company is carrying out further geochemical analysis on the drill cores. Logging of the drill core by Company geologists identified extensive zones of hydrothermal and tectonic breccias in the host andesites, which are moderately to strongly altered (silicification and argillic) and contain traces of chalcopyrite.
The Company has initiated an exploration campaign focussed on discovery of epithermal and porphyry copper-gold mineralisation on both permits, including systematic soil and rock geochemical sampling, ground geophysics (magnetometry and IP), and drilling.
Quality Assurance and Control ("QAQC"):
Drill hole orientations were surveyed at approximately 50 metre intervals. The core was cut into two equal halves, and sampled over 1 to 3 metre intervals. The samples were submitted to Eurotest Control EAD Laboratory in Sofia, Bulgaria, for sample preparation. The prepared samples were analysed for gold by fire assay at the ALS Chemex laboratories in Rosia Montana, Romania, and by multi-element ICP at the Eurotest Control EAD Laboratory (ISO 9001:2008 and ISO 17025 accredited) in Sofia, Bulgaria. Twenty-one samples were submitted to Eurotest Control EAD Laboratory (ISO 9001:2008 and ISO 17025 accredited) in Sofia, Bulgaria. In addition to the laboratory's internal QAQC procedures, certified reference materials, blank samples and field duplicate samples were inserted into the sample batches. The Company has evaluated the analytical results from the quality control samples and they conform to best practice standards.
The Timok Project:
The Company's most notable discovery to date is the Cukaru Peki copper-gold deposit in Serbia, which is part of the Timok Project. The Company announced an initial resource estimate (65.3 million tonnes at an average grade of 2.6% copper and 1.5 grams per tonne gold) for the Cukaru Peki copper-gold deposit in the Brestovac-Metovnica Exploration Permit in News Release, January 27, 2014, and provided an update on exploration for copper-gold mineralisation in the Leskovo and Jasikovo-Durlan Potok Exploration Permits in News Release, June 4, 2014. The Timok Project is a joint venture with Freeport-McMoRan Exploration Corporation ("Freeport") on three exploration permits (Brestovac-Metovnica, Leskovo and Jasikovo-Durlan Potok) in the Timok Magmatic Complex that cover a combined area of 245 square kilometres. Maps showing the location of the exploration permit perimeters and the Cukaru Peki copper-gold deposit are presented on the Company website (www.reservoirminerals.com).
Dr. Duncan Large, Chartered Engineer (UK) and Eur. Geol., a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators and a consultant to the Company, has approved the technical disclosure in this release and verified the data disclosed.
About the Company:
Reservoir Minerals Inc. is an international mineral exploration and development company run by a experienced technical and management team, with a portfolio of precious and base metal exploration properties in Europe and Africa. The Company operates an exploration partnership business model to leverage its expertise through to discovery.
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Silver Spring Networks, Inc. (NYSE: SSNI) extended its Internet of Things technology platform with performance enhancements to Gen5 – its fifth generation critical infrastructure networking platform. Already delivering nearly 23 million devices on five continents as one of the leading networking providers in the market, Silver Spring announced it is doubling the maximum speed of its Gen5 network to up to 2.4 Mbps, increasing computational performance by 10x, supporting simultaneous mesh communic...
Feb. 14, 2016 05:00 AM EST
Sensors and effectors of IoT are solving problems in new ways, but small businesses have been slow to join the quantified world. They’ll need information from IoT using applications as varied as the businesses themselves. In his session at @ThingsExpo, Roger Meike, Distinguished Engineer, Director of Technology Innovation at Intuit, showed how IoT manufacturers can use open standards, public APIs and custom apps to enable the Quantified Small Business. He used a Raspberry Pi to connect sensors...
Feb. 14, 2016 04:30 AM EST Reads: 401
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Feb. 14, 2016 04:00 AM EST Reads: 485
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Feb. 14, 2016 04:00 AM EST Reads: 258
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...
Feb. 14, 2016 03:45 AM EST Reads: 476
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
Feb. 14, 2016 03:30 AM EST Reads: 389
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Feb. 14, 2016 02:00 AM EST Reads: 434
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, will discuss how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved effi...
Feb. 14, 2016 01:15 AM EST Reads: 293
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 13, 2016 11:15 PM EST Reads: 314
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Feb. 13, 2016 09:00 PM EST Reads: 259
Data-as-a-Service is the complete package for the transformation of raw data into meaningful data assets and the delivery of those data assets. In her session at 18th Cloud Expo, Lakshmi Randall, an industry expert, analyst and strategist, will address: What is DaaS (Data-as-a-Service)? Challenges addressed by DaaS Vendors that are enabling DaaS Architecture options for DaaS
Feb. 13, 2016 08:45 PM EST Reads: 401
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
Feb. 13, 2016 08:00 PM EST Reads: 153
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
Feb. 13, 2016 07:00 PM EST Reads: 421
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Feb. 13, 2016 04:45 PM EST Reads: 208
CIOs and those charged with running IT Operations are challenged to deliver secure, audited, and reliable compute environments for the applications and data for the business. Behind the scenes these tasks are often accomplished by following onerous time-consuming processes and often the management of these environments and processes will be outsourced to multiple IT service providers. In addition, the division of work is often siloed into traditional "towers" that are not well integrated for cro...
Feb. 13, 2016 04:00 PM EST Reads: 514