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Phoenix Matachewan Mines: Infinitem Geophysics Starts at Barville
ORLEANS, ONTARIO, Apr 07, 2008 (MARKET WIRE via COMTEX) --
Robin Dow, CEO of Phoenix Matachewan Mines Inc. ("Phoenix") (TSX VENTURE: PMM)announced today that 124 km of line cutting in process at its Barville zinc-silver property, 65 km north of Val d" Or, QC has now been completed. Abitibi Geophysics has informed Phoenix that its deep penetrating Infinitem geophysics survey has begun and will take 4 to 6 weeks to complete.
The Infinitem deep penetrating EM survey should provide a 3-dimensional representation, to a vertical depth of 300 meters, of strong EM anomalies obtained in a previously flown airborne VTEM survey. Abitibi Geophysique of Val d"Or will conduct the survey. The main purpose of this survey is to precisely define the targets, so as to optimize the drilling program.
Once the Infinitem survey is complete, diamond drilling of the most prospective zones will proceed, and is expected to begin about mid May. MRB and Associates Ltd will oversee the technical aspects of the program.
The Barville property includes the west and southeast on-strike extensions of the Abcourt Mine horizon. Abcourt is returning to production with an undiluted measured and indicated mineral resource of 7,018,969 tonnes containing 61 .19 g/t Ag and 3.33 % Zn, and an undiluted inferred resource of 1,505,687 tonnes containing 120.53 g/t Ag and 2.98 % Zn (GENIVAR 2007. Abcourt-Barvue project. Barraute, Quebec. Technical feasibility study report on the Abcourt Barvue deposit. Report by GENIVAR and BUMIGEME to Abcourt Mines Inc. 167 p. and appendices).
Dr. James M. Franklin, FRSC, P. Geo is the qualified person for Phoenix under National Policy 43-101.
"The statements in this Press Release may contain forward looking statements that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company"s expectations and projections. The TSX Venture Exchange has not approved or disapproved of the information contained in this Press Release."
ORLEANS, ONTARIO, Apr 07, 2008 (MARKET WIRE via COMTEX) --
Robin Dow, CEO of Phoenix Matachewan Mines Inc. ("Phoenix") (TSX VENTURE: PMM)announced today that 124 km of line cutting in process at its Barville zinc-silver property, 65 km north of Val d" Or, QC has now been completed. Abitibi Geophysics has informed Phoenix that its deep penetrating Infinitem geophysics survey has begun and will take 4 to 6 weeks to complete.
The Infinitem deep penetrating EM survey should provide a 3-dimensional representation, to a vertical depth of 300 meters, of strong EM anomalies obtained in a previously flown airborne VTEM survey. Abitibi Geophysique of Val d"Or will conduct the survey. The main purpose of this survey is to precisely define the targets, so as to optimize the drilling program.
Once the Infinitem survey is complete, diamond drilling of the most prospective zones will proceed, and is expected to begin about mid May. MRB and Associates Ltd will oversee the technical aspects of the program.
The Barville property includes the west and southeast on-strike extensions of the Abcourt Mine horizon. Abcourt is returning to production with an undiluted measured and indicated mineral resource of 7,018,969 tonnes containing 61 .19 g/t Ag and 3.33 % Zn, and an undiluted inferred resource of 1,505,687 tonnes containing 120.53 g/t Ag and 2.98 % Zn (GENIVAR 2007. Abcourt-Barvue project. Barraute, Quebec. Technical feasibility study report on the Abcourt Barvue deposit. Report by GENIVAR and BUMIGEME to Abcourt Mines Inc. 167 p. and appendices).
Dr. James M. Franklin, FRSC, P. Geo is the qualified person for Phoenix under National Policy 43-101.
"The statements in this Press Release may contain forward looking statements that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company"s expectations and projections. The TSX Venture Exchange has not approved or disapproved of the information contained in this Press Release."
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