Tigray Resources announced results from initial diamond drill from the first phase drill program at the Terakimti copper-gold-silver-zinc prospect in northern Ethiopia.

Drilling in the southern part of the Terakimti target area has discovered thick zones of steeply south-dipping massive sulfide mineralization over a 250-metre strike length, with an interpreted plunge to the mineralized system of 35 to 40 degrees to the ENE.

It is to be remembered that Tigray Resources completed nine diamond drill holes since mid-August in Ethiopia. The holes are approximately 1700 meters and have been completed on drill sections 80 meters apart at Terakimti and are part of ongoing exploratory drilling.

Drilling is targeting a zone approximately one kilometre in strike length identified through geological, structural and alteration mapping; gold anomalous gossan outcrops; soil geochemical anomalies; IP, resistivity, gravity and EM targeting; and results from 12 previously drilled holes.The lab is expected to deliver the results for the first eight diamond drill holes in four to six weeks.

The phase one diamond drilling program has been expanded from 11,000 to 13,000 meters in an estimated 80 drill holes and is to be finished by the end of the first quarter of 2012. Two other targets, Adi Angoda and AMEM3, will also be drilled in the first phase to test potential VMS and copper-gold related mineralization.

Source: Market Watch