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Article: Nautilus Discovers Two New High Grade SMS Systems in the Bismarck Sea.
- Article from:
- Marketwire Canada
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Nov 4, 2009 (Marketwire via COMTEX) -- Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") is pleased to announce the discovery of Solwara 12 and Solwara 13, two new Seafloor Massive Sulphide ("SMS") systems on its wholly owned exploration licences in Papua New Guinea ("PNG"). Discovered during the first five days of Nautilus' 2009 target testing campaign, Solwara 12 returned handheld x-ray fluorescence ("XRF") results up to a maximum of 23.4% copper ("Cu") and 36% zinc ("Zn") from 10 chimney samples collected from the new site. Solwara 13, discovered only four days later, returned XRF results from seven chimney samples up to a ...