|Oil in Haiti|
Eurasian Minerals Inc.
Press Release Source: Eurasian Minerals Inc.
Eurasian Minerals Inc.: Trench Results of 72 Meters @ 1.9 g/t Au from La Miel Gold Project, Haiti May 24, 2007 8:30 am ET VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 24, 2007)
Eurasian Minerals Inc. (TSX VENTURE:_EMX_ (http://finance.yahoo.com/q?s=emx.v&d=t) - _News_ (http://finance.yahoo.com/q/h?s=emx.v) ;
the "Company" or "EMX") is pleased to announce soil and trench results for the La Miel Gold Project's Savane La Place ("SLP") prospect in northeastern Haiti. Initial sample results are available from three trenches (LM-2, 3, and 6) that returned continuous mineralized intervals of 72 meters at 1.9 g/t gold for LM-3 and 150 meters at 1.03 g/t gold for LM-6 (to see the map accompanying this news release please click on the following link: _http://www.ccnmatthews.com/docs/Eurasianmap.jpg_ (http://www.ccnmatthews.com/docs/Eurasianmap.jpg) ).
La Miel Project Overview
The La Miel Project consists of four Exploration Permits (324.5 square kilometers) located in northeastern Haiti. The project covers a 35-kilometer long segment of prospective geologic terrain similar to, and on trend with, the world-class Pueblo Viejo gold-silver deposit in the neighboring Dominican Republic.
EMX reconnaissance field mapping and geochemical sampling at La Miel has confirmed and expanded the areas of high sulfidation, epithermal alteration and gold mineralization initially defined by previous United Nations Development Program work from the early 1980s. A 15 square kilometer area with epithermal alteration and anomalous gold-silver-copper assays has been outlined around the SLP prospect.
The gold mineralization is hosted within brecciated rhyodacitic pyroclastic volcanic rocks. Previously reported EMX channel sampling results for the SLP discovery outcrop yielded a continuous interval of 18.0 m averaging 3.00 g/t gold, with a higher grade subinterval of 10.0 m averaging 4.45 g/t gold (see EMX news release dated October 23, 2006).
EMX Soil and Trench Sampling Results
Soil Sampling. EMX soil samples were collected on 100-meter centers covering five square kilometers, and totaling 492 samples. Soil assay results identified a strong gold anomaly (+0.1 g/t Au) with associated copper mineralization, extending approximately 800 m (north-south) by 300 m (east-west). This anomaly is zoned outward into a larger, lower grade gold anomaly (+0.02 g/t Au), that encompasses a 1.2 km (NW-SE) by 0.9 km (NE-SW) area. These soil anomalies outline a one square kilometer high sulfidation gold-copper target area.
A second soil gold and copper anomaly was identified 1.25 km to the north of SLP and is a priority target for future work.
Trench Sampling. EMX excavated six trenches (LM-1 through LM-6) totaling 1130 m. Five of the trenches are oriented approximately northeast southwest to sample across the northwest trend of alteration and mineralization. At present, assay results are only available for trenches LM-2, LM-3, and LM-6, totaling 546 m of sampling in 182 individual three-meter channel samples. All three of the trenches are oriented NE-SW, and test approximately 500 m of strike length, and up to 250 m of width to the SLP gold-copper mineralized system. The trench channel samples all occur in weathered bedrock.
- LM-2, with 42 m @ 0.65 g/t Au, is the northern most trench, and falls within a zone peripheral to the gold enriched, silica-barite-breccia cap zone.
Anomalous copper mineralization (21 m @ 0.14 and 51 m @ 0.15 % Cu) occurs adjacent to the gold zone.
- LM-3, with 72 m @ 1.9 g/t Au, is located immediately northwest of the SLP discovery outcrop that forms a craggy siliceous hilltop. The southwestern 50 m of the trench is composed of altered rhyodacitic tuff, with the remaining 140 m primarily in brecciated rhyodacite pyroclastic rocks with variable barite and iron oxide matrix. The brecciated unit forms the better host for gold mineralization. The sampling ends in gold mineralization at both ends, and is open for extension to the SW and NE. Anomalous copper mineralization occurs on the northeast end of the trench line, returning 24 m @ 0.11 % Cu and 33 m @ 0.14 % Cu.
- LM-6, with 150 m @ 1.03 g/t Au, is located within the main soil gold anomaly. The entire trench contains elevated gold mineralization that is hosted by strongly altered and brecciated volcanic rocks, with variable argillic alteration. The gold zone remains open at both ends of the trench. A table of significant gold intervals (greater than 6 meters at a 0.3 g/t Au cutoff) is summarized below.
Trench Length Interval Intercept
# (m) (m) Au g/t Comments
LM-2 207 45 - 87 42.0 m @ 0.65 Northern most trench.
LM-3 189 0 - 6 6.0 m @ 1.05 Open to NE & SW. Elevated Au mineralization totals 117 m.
15 - 30 15.0 m @ 0.53
51 - 123 72.0 m @ 1.90 Includes 36 m @ 2.82 g/t Au
141 - 147 6.0 m @ 1.46
153 - 159 6.0 m @ 0.36
168 - 174 6.0 m @ 0.38
Ends in high grade Au that remains open.
183 - 189 6.0 m @ 8.12
LM-6 Open to both the NE & SW.
150 0 - 150 150.0 m @ 1.03 Includes 6 m @ 2.61 g/t Au.
Additional assay results are expected from the three remaining trenches (LM-1, 4, and 5) in the next month, which will provide additional data on the distribution of gold mineralization at Savane La Place. Clearly the initial trench results indicate Savane La Place contains a significant gold-copper high sulfidation system that is open for extension. The Company will evaluate all trench results upon receipt, and plan additional exploration based on those results.
Comments on Sampling, Assaying, and QA/QC
EMX's geochemical samples were collected in accordance with accepted industry standards and procedures. Trenches were excavated by hand to a depth of approximately 0.30 m and all samples were collected at a depth of 0.15 m below the top of the regolith horizon. All assay intervals were based on 3.0-meter sample intervals, using a 0.3 g/t low grade cut-off for gold and a 0.10% cut-off for copper, allowing only one interval of internal dilution.
The samples were submitted to the ISO 9001:2000 accredited ALS Chemex laboratories in Reno, Nevada and Vancouver, Canada for analysis: gold was analyzed by fire assay with an AAS finish, and multi-element analyses were determined by ICP MS/AAS techniques. EMX conducts routine QA/QC analysis on all assay results, including the systematic utilization of certified reference materials, blanks, field duplicates, and umpire laboratory check assays.
Mr. Keith A. Laskowski, a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, has reviewed and verified the technical information contained in this news release.
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Eurasian Minerals Inc. Actual results may differ materially from those currently anticipated in such statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contact: David M. Cole Eurasian Minerals Inc. President and Chief Executive Officer (303) 979-6666 Email: firstname.lastname@example.org_ mailto:email@example.com)
Website: _www.eurasianminerals.com_ (http://www.eurasianminerals.com/) Kim C. Casswell Eurasian Minerals Inc. Corporate Secretary (604) 688-6390 Email: firstname.lastname@example.org_ (mailto:email@example.com)
Source: Eurasian Minerals Inc.
|Oil in Haiti
- By Dr. Georges Michel ------------
Since time immemorial, it is no secret that in the basement of the two states that share the island of Haiti and the surrounding waters, there are significant deposits of oil still untapped, it No one knows why. Already in the early twentieth century, the physical and political map of the island of Haiti, erected in 1908 by Mr. Alexander and Henry Poujol Thomasset, reported a major oil field in Haiti near source of Rio Todo El Mondo, Tributary Right Artibonite River, known today as the River Thomonde. (the word he would Thomonde de Todo El Mondo?) the deposit of oil in question straddles the boundary between the boroughs of Hinche and Mirebalais in a mountainous area located at the foot of the chain of the Black Mountains, direction due west of Thomond.
The same map indicates an oil field in the plain of Azua Dominican, a short distance north of the Dominican Republic in the town of Azua. According to our information, the latter bearing the Dominican Republic had been operating effectively in the first half of this century it had produced up to 60,000 barrels of oil per day and had been closed because it was considered to then "sufficiently profitable. Always remain in the Dominican Republic, was announced in 1982 it was discovered in front of the plain of Azua, a huge oil field offshore the coast of Barahona, but that this deposit had been left untapped.
Those who have traveled Port-au-Prince/Santo-Domingo can testify that the plain of Azua and its coastline resembles nothing so much as the area of Vieux Bourg d'Aquin and coastal related. Chances are that there is reasonable therefore hydrocarbon deposits in the region Haitian counterpart, especially as we are told that in the plain of Cayes there were geological evidence of presence of oil, as well as Bay of Cayes, Cayes and between Ile a Vache.
We bathed in 1975 in Les Cayes to l'Eau, as we had our feet covered by a sort of black oil seeping from the seabed. A fisherman from the place we had explained that it was not uncommon in this area.
He reports a similar phenomenon in other regions. Seems he Leogane Plain and the foothills of Morne-à-Cabrit. They also reported the presence of oil shale in the province of Grand Anse.
Still, there are many places in our island (DOMINICAN Republic and Haiti) that are all the criteria géoligiques presence of hydrocarbons. In Haiti, include the plain of Cayes, Leogane Plain, the plain of Cul-de-Sac, the Gonaives plain and the Savannah sorry, the Plaine du Nord. Ile de la Gonave and literals corresponding to the off-shore deposits. In this list, do not forget the large sedimentary basin of the Central Plateau of Haiti.
In the course of 50 years, the Company Knappen-tippen-Abbet (nicknamed by local people (Company Ti-butter bread) had conducted drilling Gonave in plain Cul-de-Sac in Plateau-Central and in the region of Gonaives. All of these wells had proved extremely promising and the results were beyond expectations. However, the big multinational oil companies, some of which were operating in Haiti, had pushed for the deposits were not discovered exploited. Haiti was neither Saudi Arabia nor Kuwait. At a time when a barrel of crude oil sold for just over a dollar, and the Persian Gulf provided galore, there was no reason for these companies to farm fields in much less profitable, while ARAMCO was rain or shine in Arabia, at a low price, even looting the precious oil resources of this kingdom.
We keep the Haitian deposits and other deposits in reserve for the XXI when the jackpot Middle East would have dried up. This is what happened!. The wells of Knappen-tippen-Abbet were numbered, carefully locked or sealed with cement and forgotten.
The reports of the huge drilling were not, he seems never communicated to the Haitians. Do you think we never went back to this bunch of niggers arrears information that would allow their work to their economic liberation. This would make them too strong and give too much power to the little Haiti.
Haitians had to wait half a century or a century for that. However, the successful campaign of Knappen-Tibben-Abbet gave an opportunity for great deals Haitian school, preparing their certificate of primary school students in the geography textbook from Haiti of the Brothers of Christian Instruction, d hear that our land had oil deposits in the Central Plateau, and Gonave. This had not fallen in deaf ears ...
It is generally accepted in all circles that are petroleum hydrocarbon deposits in the basement of the island of Haiti, but these environments are not eager to put into operation, so readily available reserves and already identified are important in major oil producing regions of the world. There will always be time to think about the island of Haiti.
However, it was almost thinking of us during the Gulf crisis on deposits Kowetiens, Saudis and others were threatened by Saddam Hussein. If the Cubans had not made a great effort by them to bring their oil operations, nobody would have done for them in their place. If this were not the efforts of Cubans, Cuban oil would be housed in the bowels of the earth, as is always the Haitian oil. The ball is in our camp ...
While large companies are not interested to take care of us and our oil, we could have asked our Cuban neighbors to come help us exploit our oil.
In their quest for oil drama, the Cubans have developed technology and know-how could we, in return for their services, to sell part of Cuban domestic oil production and give them a share of profits. A mission of government officials and businessmen in Haiti should leave for Cuba in this direction.
The sad case of the international embargo clearly shown that we must fend for themselves, and especially that we do not have to wait for the OK from the big northern neighbor that affects our vital interests. The whole of society could see well realize how big northern neighbor has treated us and treat us in the future. Haiti will be saved only by Haitians, and Haitians alone is the main lesson of the embargo.
If our oil was available, we would not have been shamefully forced to capitulate after the oil embargo decided in defiance of international law with their infamous Resolution 841, by the great powers now bearing the name pompous and ridiculous "international community".
Our leaders, our great tycoons, our ultra-liberal economists, our big smugglers Our Chicagos-Boys anti-national and other ruffians, would have preferred imported from the air, rather than to use the resources of Haiti . With a zeal that is hard to understand, they obey the finger and look at the orders of the IMF and World Bank, and begin with these two organizations to destroy the Haitian economy, and especially our valuable agriculture .
Nevertheless, they find themselves caught out with us and when to imperialism, to meet his gruesome intentions, decides to impose an embargo, the embargo last (there will be perhaps more in the future, which knows?) has proven to be accelerated economic integration with the Dominican Republic.
Both Republics should undertake in the Treaty to provide each other with some oil may be the decisions of a third party. The pipeline transinsulaire, Barahona Port-au-Prince, could be part of this integration oil between the two countries which share the island.
While waiting to eat our oil surpluses which also provided valuable currency we need, increase the storage capacity of petroleum products on the territory of the Republic, and constitute important strategic reserves. The oil embargo of 1991 is also a strong argument for rebuilding our railways.