Think you'll be happy to see this Matt.
Cancor resumes Gemini drilling
Cancor Mines Inc KCR
Shares issued 14,210,018 Jul 28 close $0.25
Tue 3 Aug 99 News Release
Mr. A. Khobzi reports
Cancor Mines is proceeding with phase II of the exploration program on the
Gemini property. The excellent base metal results generated this spring
along with data compilation have allowed the company to target additional
drill holes on zone B of the property.
As previously noted, all drill holes carried out this spring intersected
massive sulphides rich in zinc, copper, silver and gold (see news in
Stockwatch April 16, 1999).
Two distinct massive sulphide lenses were delineated:
The main lens, rich in zinc, contains grades of 5 per cent to 12 per cent
over widths of 3.4 metres to 12.80 metres.
The second lens, rich in copper, shows grades of 1 per cent to 2 per cent
over widths of 4.90 metres to 7.0 metres.
The company's new drilling program of approximately 3,000 metres has the
following two objectives:
to evaluate and increase the total geological resources; and
to further delimit the zinc and copper zones.
This drilling campaign will continue until September. Bore hole geophysical
surveys will be carried out simultaneously in order to obtain better
orientation and target definition.
The acquisition and development of base metal projects in recognized mining
camps remain the cornerstones of the company's corporate strategy, which is
aimed ultimately at discovering a world-class deposit.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com |
