Another version of the same results has been released today with some
info on hole two included:
Hole 98-1 confirms copper zone
Mutapa Gold Corp MUA
Shares issued 2,817,668 May 25 close $1.85
Tue 26 May 98 News Release
Mr. David Cook reports
The results from discovery hole DDH-LD98-1 confirm the presence and
downward continuation of VMS style copper mineralization that was
previously identified by the British Newfoundland Copper Company during
exploratory drilling in 1967 (DDH-67-135). The purpose of the drilling
program is to extend the limits of known mineralization at the Little Deer
mine to depth, in light of the fact that the adjacent Whalesback and Little
Bay mines produced economically significant copper from surface showings to
a depth of over 600 metres.
The complete results for the 135 zone in DDH-LD98-1 are as follows:
Interval Width Cu Zn Au
(m) (%) (%) (g/t)
332.1-336.1 4.0 0.44 trace nil
336.1-341.5 5.4 2.32 trace trace
341.5-361.0 19.5 trace 0.56 trace+
361.0-363.3 2.3 nil 2.76 0.75
The zone has widened from approximately 5 metres wide in DDH-67-135, to 22
metres wide in DDH-LD98-1, over a vertical distance of 40 metres.
The second hold (DDH-LD98-2) is passing through the 135 structure a further
80 metres down dip and has intersected visually similar zones of banded,
massive and semi-massive mineralization within a wide zone of disseminated
and stringer sulphide mineralization. This hole should be terminated
approximately 25 metres past the zone today. The hole will then be surveyed
with a Crone deep pulse electromagnetic probe. The 135 zone has now been
confirmed for a downward plunge of 110 metres from DDH 67-135. DDH-LD98-3
will be collared today or tomorrow to test for the further downward
continuity of mineralization within the 135 zone.
For the moment, drilling is focused on the eastern portion of a lineament
which can be traced continuously by deep PEM geophysics for over 1.5
kilometres west to east. Previous work strongly suggests that this
mineralization has continuity for at least 600 metres to the east. Its
western extension has been indicated by surface deep searching geophysical
surveys for at least 700 metres at which point it plunges beyond the
detection limit of the surface survey instruments. However, in 1966,
limited reconnaissance surface Winkie drilling at Duck Pond in the chlorite
schist zone, 300 metres above the top of the PEM conductor, returned highly
interesting results of 0.45 per cent Cu, 1.6m and 1.07 per cent Zn, 3.5m.
Resampling of this core in 1988 returned 32.46 g/t Au and 1.52 per cent Zn,
1.39 m and 0.52 per cent Zn, 9.47m. Additionally, the lineament can be
traced by VLF-EM surveys for over 5km to the west. The far western portion
was the focus of drilling by Inco Gold in 1988 and carries gold values
averaging 6 g/t Au, 1.5m in drilling along a total strike length exceeding
1.0km.
The Big Deer Pond/Little Deer Pond property lies along the northeastern
strike extension of Major General Resources Green Bay project recently
optioned by Rio Algom. Regionally this belt of rocks is related to
formations of the New Brunswick-Bathurst Camp which host some of the
largest VMS zinc deposits in the world. Additionally the Green Bay property
contains the Hammerdown zone where preliminary resource calculations
outlined 440,000 tons of 0.37 oz/ton Au.
The first phase of the Little Deer Pond program has a budget for 4,000
metres of drilling comprising 10 holes. Each will be completed
consecutively within the next three months.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com |
