Int'l Kirkland and Bushman complete drilling on the Huskies
International Kirkland Minerals Inc IKI
Shares issued 5,288,001 Jun 15 close $0.40
Tue 15 Jun 99 News Release
Also Bushman Resources Inc (BHM)
Mr. Dan Clark reports
Diamond drilling is now complete on International Kirkland's
100-per-cent-owned Huskies property in Northwestern Quebec, 18 kilometres
east of the Nuinsco Resources Limited discovery. Bushman Resources has an
option to earn a 50 per cent interest in Huskies by paying Kirkland $35,000
cash, issuing 100,000 shares of Bushman and incurring $325,000 in
exploration expenditures over the next two years. All cash and share
payments have been made along with $125,000 in exploration payments.
As outlined in the company's news release of May 6, 1999, Huskies
encompasses two prominent airborne-magnetic anomalies in basement granitic
gneisses to the south of the Troilus volcanosedimentary belt. One of the
airborne magnetic anomalies is very similar in size, shape and amplitude
relative to that from the Nuinsco gabbroic intrusive body. Recently
completed ground geophysical surveys (induced-polarization magnetics)
indicated the presence of six discrete, strong, elliptical to circular
magnetic anomalies with variably coincident, moderate to strong IP
anomalous zones.
The present drilling comprised a total of 584 metres of BQ coring in three
holes and was carried out by Kosy Drilling of Kirkland Lake, Ont., with the
field work supervised by Anglaumaque Explorations Inc. of Val d'Or, Que.
The first two holes with lengths of 200 metres each were targeted on
strong, coincident magnetic-IP anomalies. Both intersected highly magnetic
ultramafic rocks containing minor amounts of disseminated pyrrhotite in
explanation of the geophysical responses. The third, 184-metre hole was
targeted on an IP anomaly with no direct magnetic correlation. The hole
intersected alternating gneisses and granitic rocks containing minor
amounts of disseminated pyrrhotite in explanation of the anomalous IP
response. There were no analytical results of potential economic interest
in Au, Pt, Pd, Cu, Co or Ni in a total of 49 samples from the three holes.
Analytical work was carried out by Intertek Testing Services of Val d'Or,
Que., using standard atomic absorption techniques.
No further work is planned on Huskies at this time.
Kirkland continues to maintain its option on the Foreurs property in good
standing given the strategic location of this ground immediately to the
south of the Nuinsco discovery and in view of the continuing work program
by Nuinsco near the common IKI-Nuinsco boundary.
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