New Release Logo BMSC

November 3, 2011

 

               Bisha Mining Drills 88.5m of 11.8% Zinc at Bisha Mine

 

Bisha Mining Share Company (BMSC) is pleased to report assays from the 41 infill diamond drill holes at the Bisha Main deposit. 

Highlights

  • High-grade zinc with copper below current Bisha pit design
  • Confirmation of mineralization grades and widths at depth

Select High Grade Results Include:

  • Hole #B-433 – 88.50m of 11.84% Zn & 0.76% Cu from 268.0m-356.5m
  • Hole #B-459 – 94.65m of 8.29% Zn & 0.84% Cu from 308.5m-403.15m
  • Hole #B-461 – 85.90m of 10.71% Zn & 0.86% Cu from 275.1m-361.0m
  • Hole #B-427 – 103.80m of 4.98% Zn & 1.13 % Cu from 234.0m-363.0m
  • Hole #B-434 – 99.60m of 5.78% Zn & 1.27% Cu from 294.4m-394.0m

The objective of this program was to infill drill the inferred resource portion of the Bisha Main deposit to convert those resources to an indicated resource category.  The results were positive, and have confirmed the grade and continuity of the Bisha primary zone below the current pit shell design.  The resulting resource and reserve restatement is expected in Q1 2012.

The 16,000m of drilling took place May through July 2011.  Detailed results are in the attached schedule together with a map of the hole locations.

Bisha Infill Drill Graphic

Hole ID

From (m)

   To (m)

Interval (m)

Au (g/t)

Ag (g/t)

Cu (%)

Pb (%)

Zn (%)

Azimuth

Dip

B-422

Incl.

170.00

179.50

207.50

203.00

37.50

23.50

0.93

0.27

66.39

42.00

0.79

0.43

0.47

0.38

10.20

14.10

90

 

-68

 

B-423

Incl.

and

and

188.00

191.00

200.00

208.00

235.00

197.00

203.50

215.50

47.00

6.00

3.50

7.50

1.01

0.71

0.92

1.07

81.91

129.00

99.14

103.60

1.47

0.89

0.40

0.53

0.43

0.86

0.71

1.11

10.80

17.15

22.09

27.86

90

 

 

 

-74

 

 

 

B-425

Incl.

and

and

234.00

246.00

262.95

319.50

363.00

249.00

268.50

343.50

129.00

3.00

5.55

24.00

0.24

0.64

0.91

0.84

17.31

93.00

93.92

54.94

0.36

1.01

0.83

0.67

0.08

0.71

0.82

0.44

5.85

16.55

19.38

17.61

90

 

 

 

-65

 

 

 

B-426

Incl.

351.10

376.00

386.50

384.35

35.40

8.35

0.49

0.67

22.06

44.94

0.42

0.70

0.15

0.45

3.69

8.90

90

 

-65

 

B-427

Incl.

and

225.70

225.70

320.50

329.50

254.50

329.50

103.80

28.80

9.00

0.60

0.85

0.56

47.34

97.64

35.67

1.13

1.63

0.98

0.19

0.58

0.04

4.98

12.47

7.85

90

 

 

-60

 

 

B-428

Incl.

350.20

407.50

428.50

422.50

78.30

15.00

0.69

1.02

43.20

115.80

0.44

0.60

0.28

0.87

5.69

17.69

90

 

-72

 

B-429

Incl.

342.00

381.00

399.00

391.50

57.00

10.50

0.62

0.62

43.43

90.86

0.47

0.69

0.39

1.03

6.77

21.13

90

 

-66

 

B-430

Incl.

302.80

319.00

374.50

362.50

71.70

43.50

0.64

0.80

67.61

97.03

0.88

1.06

0.68

1.05

12.44

18.21

90

 

-60

 

B-431

Incl.

and

and

254.50

266.30

289.00

311.50

334.00

272.50

298.00

319.00

79.50

6.20

9.00

7.50

0.87

0.75

1.04

1.07

63.58

71.85

79.67

62.60

1.45

0.98

0.92

0.61

0.28

0.57

1.02

0.15

8.68

16.70

21.73

13.37

90

 

 

 

-55

 

 

 

B-432

Incl.

and

274.00

309.80

329.60

355.00

325.00

347.50

81.00

15.20

17.90

0.68

0.65

0.79

62.63

71.11

48.42

0.81

0.62

0.73

0.54

0.95

0.37

12.25

20.47

15.65

90

 

 

-82

 

 

B-433

Incl.

and

268.00

297.88

308.50

356.50

304.00

352.00

88.50

6.12

43.50

0.69

0.84

0.91

59.87

121.89

69.97

0.76

1.54

0.70

0.66

0.88

0.98

11.84

17.31

18.37

90

 

 

-67

 

 

B-434

Incl.

and

294.40

334.50

346.10

394.00

341.35

355.50

99.60

6.85

9.40

0.87

0.52

0.81

57.78

109.36

101.27

1.27

0.91

0.83

0.29

1.21

0.81

5.78

22.12

23.25

90

 

 

-72

 

 

B-435

Incl.

323.50

340.00

349.00

347.50

25.50

7.50

0.72

1.09

37.35

81.80

0.42

0.70

0.26

0.66

5.87

15.32

90

 

-65

 

B-436

280.00

301.00

21.00

0.94

22.00

0.93

0.03

0.62

90

-60

B-437

Incl.

and

309.90

326.50

386.50

392.50

338.50

389.50

82.60

12.00

3.00

0.64

0.50

0.63

35.36

77.32

33.50

1.08

0.81

1.04

0.18

0.91

0.20

3.22

13.98

10.51

90

 

 

-60

 

 

B-438

Incl.

338.50

344.50

359.50

358.00

21.00

13.50

0.55

0.65

52.14

72.11

0.43

0.53

0.72

1.07

11.98

17.14

90

 

-75

 

B-439

Incl.

300.50

315.50

321.50

320.00

21.00

4.50

0.73

0.91

31.14

62.33

0.43

0.59

0.13

0.46

4.27

14.05

90

 

-65

 

B-440

Incl.

and

374.50

377.50

380.50

383.50

379.00

382.00

9.00

1.50

1.50

0.65

0.46

0.76

32.83

57.00

66.00

0.39

0.46

0.55

0.17

0.45

0.36

5.60

16.55

11.50

90

 

 

-67

 

 

B-441

And

Incl.

52.50

189.50

201.50

74.00

215.00

210.50

21.50

25.50

9.00

0.68

0.49

0.75

20.33

34.82

64.00

0.85

0.75

0.84

0.12

0.28

0.73

1.78

6.59

15.19

90

 

 

-60

 

 

B-442

And

Incl.

55.00

218.20

233.50

77.25

242.50

239.50

22.25

24.30

6.00

0.90

0.38

0.81

21.35

22.42

47.50

0.49

0.51

0.75

0.13

0.14

0.42

2.23

4.10

11.06

90

 

 

-68

 

 

B-443

And

Incl.

50.50

243.40

255.00

85.45

261.00

259.50

34.95

17.60

4.50

1.05

0.47

0.82

20.17

25.61

47.00

0.48

0.48

0.67

0.12

0.15

0.42

1.90

3.96

10.30

90

 

 

-75

 

 

B-444

Incl.

264.00

271.50

283.50

282.00

19.50

10.50

0.53

0.72

46.77

68.86

0.80

0.73

0.49

0.90

12.01

21.46

90

 

-50

 

B-445

Incl.

263.50

268.00

277.00

275.50

13.50

7.50

0.58

0.69

48.33

71.20

0.54

0.67

0.68

1.10

14.36

21.71

90

 

-55

 

B-446

Incl.

235.50

246.25

262.50

252.00

27.00

5.75

0.59

0.78

33.98

66.39

0.64

0.71

0.23

0.85

5.80

18.62

90

 

-60

 

B-447

Incl.

264.50

276.50

285.50

284.00

21.00

7.50

0.35

0.59

31.50

61.80

0.52

0.59

0.26

0.67

7.44

18.32

90

 

-67

 

B-448

Incl.

293.00

300.00

312.00

306.00

19.00

6.00

0.71

0.86

42.79

68.50

1.01

0.92

0.32

0.83

7.55

17.09

90

 

-50

 

B-449

347.00

350.00

3.00

0.69

37.50

1.06

0.21

6.00

90

-65

B-450

Incl.

333.00

337.50

349.50

343.50

16.50

6.00

0.50

0.77

32.64

50.25

0.81

0.63

0.23

0.55

4.81

12.28

90

 

-50

 

B-451

358.50

361.50

3.00

0.80

37.50

0.90

0.24

7.09

90

-56

B-452

Incl.

And

415.00

422.50

437.50

425.50

425.50

439.00

10.50

3.00

1.50

0.45

0.60

0.54

23.14

55.00

45.00

0.27

0.42

0.56

0.22

0.65

0.17

5.04

14.98

4.24

90

 

 

-67

 

 

B-453

Incl.

393.00

397.50

403.50

402.00

10.50

4.50

0.68

0.63

66.00

81.67

0.76

0.30

0.64

0.97

14.48

21.02

90

 

-60

 

B-454

Incl.

270.00

283.50

291.00

288.00

21.00

4.50

0.56

0.63

36.21

64.33

0.86

0.89

0.20

0.69

4.52

14.87

90

 

-60

 

B-455

Incl.

And

444.00

468.00

499.50

484.50

478.50

508.50

40.50

10.50

9.00

0.97

0.73

1.14

43.93

86.57

31.83

0.44

0.56

2.66

0.35

0.96

0.01

6.67

18.22

1.07

90

 

 

-65

 

 

B-456

Incl.

366.50

381.50

401.00

395.00

34.50

13.50

0.47

0.41

47.26

79.89

0.52

0.56

0.43

0.94

7.48

14.19

90

 

-65

 

B-457

And

Incl.

394.50

421.40

441.00

407.30

451.50

448.50

12.80

30.10

7.50

0.76

0.67

0.70

24.26

41.27

59.80

0.24

0.46

0.75

0.14

0.35

0.58

2.70

6.41

14.96

90

 

 

-65

 

 

B-458

Incl.

and

235.00

241.00

347.50

356.50

269.50

355.00

121.50

28.50

7.50

0.56

0.70

0.52

34.95

81.24

36.40

0.81

0.99

0.54

0.19

0.64

0.38

5.10

15.50

15.36

90

 

 

-60

 

 

B-459

Incl.

308.50

338.50

403.15

400.00

94.65

61.50

0.62

0.68

52.32

64.65

0.84

1.05

0.41

0.50

8.29

11.34

90

 

-60

 

B-460

Incl.

332.85

354.00

369.00

367.50

36.15

13.50

0.82

1.29

42.19

81.78

0.46

0.59

0.27

0.59

6.33

13.15

90

 

-65

 

B-461

Incl.

275.10

309.65

361.00

353.50

85.90

43.85

0.61

0.83

61.91

77.81

0.86

1.12

0.49

0.61

10.71

14.90

90

 

-62

 

B-462

Incl.

307.00

358.00

383.50

376.00

76.50

18.00

0.72

0.79

42.82

92.08

0.55

0.74

0.29

0.83

6.16

18.00

90

 

-72

 

Note. True thickness is estimated at approximately 85% of the drill intervals reported in the table.

 Hole B-424 showed no significant mineralization.

 Forward Looking Statements:  The above contains statements regarding positive drill results, and indications that the Bisha resources are likely more extensive than previously disclosed.  Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievementsForward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimates,” “potential,” “possible” and similar expressions, or statements that events, conditions or results “will,” “may,” “could” or “should” occur or be achieved.  Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors.  The Company’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made and the Company assumes no obligation to update such forward-looking statements in the future.

 

Bisha Mining Share Company

“Cliff T. Davis”

Cliff T. Davis
Chairman