Dianor Resources makes new discoveries in James Bay
Dianor Resources Inc
DOR
Shares issued 13,741,258
1999-09-13 close $0.15
Tuesday Sep 14 1999
Mr. David McDonald reports
A prospecting and mapping program executed on the 100-per-cent-owned MEP
1404 and the Yasinski and Yasinski North properties returned values up to 66.99
grams per tonne Au (1.96) in two mineralized sectors separated by a distance of
1.7 kilometres (5,600 feet) along an important regional structure.
Board of directors
David McDonald
Daniel Duval
Rocco Guarnaccia
Highlights
The work performed to date highlights the underestimated potential of the
volcano-sedimentary sequence on the 1404 project. A follow-up exploration
program is presently under way.
Location of properties (100-per-cent Dianor)
Yasinski, James Bay, Que.
Yasinski Nord, James Bay, Que.
PEM 1404, James Bay, Que.
Treegold, James Bay, Que.
Mlakadow, James Bay, Que.
Adanac, Rouyn-Noranda, Que.
Fourniere, Malartic, Que.
Nipisso, Sept-Iles, Que.
TLF54547, Northwest Territories
WSF54548, Northwest Territories
MLF54549, Northwest Territories
Dianor Resources has completed the first results of a geological mapping and
prospecting program executed on the project 1404 (MEP 1404 and Yasinski and
Yasinski North properties).
Two mineralized sectors separated by a distance of 1.7 kilometres (5,600 feet)
along all east-northeast trending regional structure were uncovered during
geological mapping and prospecting.
The David mineralized sector consists in a 350-metre (1,150-foot) by 200-metre
(656-foot) quartz-rich section of the principal felsic intrusive. The quartz veins are
generally north-south and east-northeast in orientation, have a maximum width of
0.30 metres (one foot) and are mineralized with pyrite and chalcopyrite. A total of
nine samples were collected from the veins, eight of them yielding results above
0.5 g/t Au with values varying between 0.70 g/t Au (0.02 ounces) and 66.99 g/t
Au (1.96 ounces).
The Pascale mineralized sector is 1.7 kilometres (5,600 feet) east of the David
sector consists in a 170-metre (560-foot) by 100-metre (330-foot) quartz-rich
section of Yasinski Group volcano-sedimentary rocks. The quartz veins show a
general northeast orientation, have a maximum width of 0.60 metres (two feet)
and are mineralized with pyrite, chalcopyrite and galena. A total of nine samples
were collected from the veins, five of them yielding result above 0.5 g/t Au with
values varying between 2.39 g/t Au (0.07 ounces) and 36.96 g/t Au (1.08
ounces).
A value of 13.47 g/t Au (0.39 ounces) was also obtained from a sample collected
in a 0.10-metre (four-inch) wide fracturation zone with an east-northeast
orientation immediately southeast of the David sector.
These new discoveries reflect the widespread nature of the mineralization and the
potential of the volcano-sedimentary sequence between Lake Menarik and the
Yasinski North property high-grade showing of 1998 which yielded a value of
1,917.75 g/t Au (56 ounces) (as reported in Stockwatch Dec. 8, 1998). All
reported assays were obtained from rock grab samples. All assays were
performed with an atomic absorption method at the Intertek Testing Services
laboratory in Val d'Or, Que. A follow-up exploration program is presently under
way and additional results will be released as soon as possible.
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