Tuffnell Ltd. Announces Initiation of Phase 3 Drilling at Its Little Butte Gold Project in Arizona
LONDON, July 5, 2011 /PRNewswire/ — Tuffnell Ltd. (Tuffnell or “the Company”) (OTC Bulletin Board: TUFF) is pleased to announce that it has initiated Phase III drilling at the Little Butte Project in western Arizona. Drilling of three fences of east-west angle holes across a north-south trending geophysical target will test the continuity of gold/copper mineralization and the relationship of it to the anomaly. The drilling program will consist of approximately 5,000 feet of Reverse Circulation (RC) drilling and include one deeper vertical hole to test an interpreted intrusive associated with the anomaly. Results are expected within 4-6 weeks.
In 2010 Tuffnell conducted a gradient IP-resistivity survey over a 3,600 by 3,600 feet area using. 30 meter dipole spacing along east-west lines spaced 100 meters apart. The survey was completed by Zonge Engineering of Tucson, Arizona and interpreted by Frank Fritz, a highly respected geophysicist. The resistivity survey has been superimposed on the drill hole/trench locations and included in a plan map available on the Tuffnell website www.tuffex.com.
Mr. Fritz’s interpretation shows several north-south structures offset by east-northeasterly trending later faults. By far the most impressive feature runs north-south through the middle of the map and correlates well with the structure and mineralization found in Tuffnell’s trenching and drilling. This resistivity high runs at least 3,000 feet to the north and averages 300-500 feet in width. Fritz interprets this feature as an altered structure. Mr. Fritz believes there is a major intrusive dike under the central portion of the resistivity high. This dike could be the source of the mineralization.
The three east west fences of drill holes to test this IP anomaly are shown on the map referenced above (shown as P1-14). Each fence consists of five angle holes drilled from east to west, approximately 100 feet apart and averaging 300 feet in depth. A deeper vertical hole (600-800 feet deep will be drilled in the vicinity of P7. This hole will test the possible intrusive dike at depth.
Tuffnell has also begun a district-wide study of Little Butte project area to determine what other drilling targets occur on the property. The company has obtained sample pulps from historic drilling of nearly 50 holes scattered throughout the project and has conducted 34 element analysis of these pulps. Previously only analyzed for gold, copper content as well as other element analysis will be used to determine elemental zonation and to target shallow targets similar to those currently being tested. Plotting of higher temperature elements may help target a postulated large intrusive body at depth, a deep drilling target Tuffnell plans on testing in a later program.
Shareholders and the public are encouraged to visit www.tuffex.com for more information and to request an Investor Package.
About The Company
Tuffnell Ltd. (OTC BB: TUFF) is a mineral exploration company focused on maximizing returns for its shareholders by exploring and developing low-cost gold assets in proven mining districts. With a focus primarily on the State of Arizona, Tuffnell Ltd. has put together a team of highly qualified, strongly motivated individuals with the experience required to advance our corporate vision. Based on geological potential, infrastructure proximity, and previously undertaken exploration, Tuffnell Ltd selects properties of merit so as to provide its shareholders with the highest probability of success. The company’s main property, known as Little Butte, is located in La Paz county Arizona and has previous exploration history indicating that resources are present and the prospect for economic recovery of gold support management’s decision to proceed with further exploration. Tuffnell Ltd. holds a 100% option to 85 unpatented mining claims and 7 patented claims. Total Land holdings including patented claims total 1,840 acres or 2.88 square miles. The Little Butte project lies in the historic Plomosa District, 20 miles north of the town of Quartzite, Arizona and approximately 150 miles southeast of Las Vegas, Nevada. Based solely on historical records and drilling data from the former claim holder, the Company believes its property has the potential to host up to 1.0 million oz of gold. Little Butte is located in the world famous Walker Lane Gold Trend. The Walker Lane gold belt has historically produced over 50 million ounces of gold and 400 million ounces of silver.
Safe Harbour Statement:
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan,” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
The forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company’s filings with the Securities and Exchange Commission, and may be accessed through the SEC’s website at www.sec.gov.
CONTACT: Investor Relations 1-800-459-0794
SOURCE Tuffnell Ltd.