THUNDER BAY, ON, April 6 /CNW/ - QRS Capital Corp. (the "Company") (TSXV: QRS) - Diego Benalcazar, President of QRS, is pleased to announce a bulk
sample of stockpiled material extracted from underground workings on
the Judith Property has been submitted for analysis.
Sample consists of 160 tonnes of stockpiled material from the main drift
of the excavation within the mineralized zone.
Material has been transported to the Ing. Luis Escudero Chavez plant
operated by the Recompensa Group in Hidalgo del Parral 230 km to the
south of Chihuahua.
Tests of the metallurgy, recovery and physical properties of the
material will be carried out during the processing of the bulk sample.
Soon after this first recovery test, a large sample of 3000 tons will be
sent to the Dia-Brass Plant in Chihuahua for beneficiation. This
twofold exercise will allow the Company to compare and control results
coming out of the pilot test and the larger test by cross comparison of
two different plants using the same flow process.
QRS has sent large bulk samples from Judith to Ing. Luis Escudero Chavez
plant for analysis. The 160 tonne sample was taken from waste dumps and
ore stock piles outside the main artisanal workings on the property
which has historically been exploited by the original concession owner
Mr. Francisco Soto. The sample consists of waste from the excavation of
the main drift and ore shoot. The ore shoots are comprised of a
fluorite/barite gangue with galena, pyrite and copper oxide
mineralisation. The high grade silver is concentrated in the galena
rich zones of the vein.
The sample was delivered to the "Ing. Luis Escudero Chavez" plant which
is operated by the Recompensa Group in Hidalgo del Parral 230 km to the
south of Chihuahua. It will be processed in two stages. The material
will pass first through the crushing circuit producing a ½ʺ feed for
the ball mill. After passing through the ball mill the feed will be
about 70% -200 mesh and 6% +100 mesh. From there it will pass to the
flotation circuits which contain a solution of 10% Xantato-350.
The company is awaiting the assay and report which will contain
information about the metallurgy and recovery rate of the sample and
physical properties of the sample that has been submitted. The Company
is very pleased to be in position to obtain this type of information at
such an early stage in the exploration program.
About Judith Project
The Project comprises six mineral concessions covering 554 hectares.
Recent work on the property has confirmed the presence of high grade
ore shoots which appear to be related to multiphase intrusive episodes
filling pre-existing faults. The main rock type in the area is a
mixture of greywackes, phylittes and shales, probably representing a
flysch type deposit with the presence of some turbidites. The rocks
are highly deformed and contain trace fossils indicating a continental
shelf environment. Greenschist grade alteration is present over the
whole area with evidence of local superheated steam venting and
possible breccia chimneys.
Further exploration will help elucidate the model postulated for the
area. At present the model being used for the mineralization is that
of a Carbonate Replacement Deposit (CRD), the most common type of
economic deposit in the Chihuahua basin.
The above information has been prepared under the supervision of Pippa
Jeffcock, a chartered geologist and member of the Geological Society of
London, who is designated as a Qualified Person as defined by NI-43-101
with the ability and authority to verify the authenticity and validity
of the data.
Quality Control and Assurance
Samples are sealed on the property and driven directly to the ALS CHEMEX
laboratory in Chihuahua, Mexico for preparation. Samples pulps of 80
mesh are shipped by ALS Chemex to its laboratory in Canada, for gold
Fire Assay, silver and multi-element ICP analysis.
About QRS Capital Corp.
QRS is a mineral exploration company that holds an 80% beneficial
interest in the Judith Property which consists of six mining lots and
concessions located in the City of Aldama, Chihuahua State, Mexico and
is entitled to 70% of any net profits from the Judith Property. QRS
also holds an option to purchase the remaining 20% beneficial and legal
interest in the Judith Property. QRS is actively seeking additional
exploration stage copper and gold properties in South America,
particularly in Colombia, Brazil, Chile and Ecuador.
ON BEHALF OF THE BOARD OF DIRECTORS
Forward Looking Statements
This Company Press Release may contain certain "forward-looking"
statements and information relating to the Company that are based on
the beliefs of the Company's management as well as assumptions made by
and information currently available to the Company's management. Such
statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations, competitive
factors, general economic conditions, customer relations, relationships
with vendors and strategic partners, the interest rate environment,
governmental regulation and supervision, seasonality, technological
change, changes in industry practices and one-time events. Should any
one or more of these risks or uncertainties materialize, or should any
underlying assumptions prove incorrect, actual results may vary
materially from those described herein.
Neither 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 release.
SOURCE QRS Capital Corp.
For further information:
Brett Allan, Apex Capital Inc.
O: 647 453 8955
C: 647 453 8955