Copperhill has Gold Properties:
copperhillcorp.com
See recent sample testing of gold at Lemotte's Lake - Rushy Pond in Central Newfoundland from a press release on March 29, 1999. CUHL has other gold properties I believe as well.
Here is that earlier press release:
March 29, 1999
STOCK SYMBOL: CUHL (CDN)
SHARES OUTSTANDING:16,647,140
(FULLY DILUTED: 17,751,140):
FOR COPPER HILL CORPORATION
RE: EXPLORATION UPDATE: LEMOTTE'S LAKE-RUSHY POND PROJECT
EXPLORATION UPDATE: LEMOTTE'S LAKE-RUSHY POND GOLD-BASE METAL PROJECT, CENTRAL NEWFOUNDLAND
Copper Hill Corporation (Copper Hill) is pleased to report on the results from exploration work conducted during 1996-1998 on its 100%-owned Lemotte's Lake- Rushy Pond Cove Prospect. The work was conducted by its Project Geologists, Robert Taylor, B.Sc. and Wilson Jacobs, B.Sc., P.Geo., and Consultant Geologist, Dr. Derek Wilton, P.Geo. The Property covers 203 claims disposed in eight contiguous blocks 1 to 9 km west-southwest of the central Newfoundland community of Grand Falls-Windsor.
The Lemotte's Lake portion of the property was explored by Granges Inc. in 1989-91 who outlined airborne and ground geophysical anomalies which they subsequently drilled with three diamond drill holes. In 1996 local prospectors
discovered gold-bearing polymetallic quartz veins
cross-cutting sedimentary and volcanic rocks along a steep hillside. The veins are 2 to 20-cm wide and are spaced over distances of 10-15 m. The veins seem to be related to a regional lineament defined by a topographical valley. The main sulphide present in the veins is arsenopyrite, and there is lesser stibnite, galena, chalcopyrite and sphalerite. The best assays from these veins as reported by the prospectors were
40.33, 18.36, 17.1 and 13.0 g/t Au
from grab samples. The same prospectors discovered boulders of sulphide-rich (20-40% pyrite) brecciated rhyolitic porphyry which were presumably blasted from a fibre-optics cable trench dug near Rushy Pond. Copper Hill optioned the Lemotte's Lake claims from the prospectors and staked the Rushy Pond claims in 1996.
Copper Hill conducted an airborne geophysical survey over the claims in 1997. The survey defined
EM and MAG anomalies
over portions of the property and these were in part followed up with ground surveys during the winter of 1997. Mapping by Copper Hill geologists in the southwestern portion of the claims revealed the presence of a brecciated, sericitized, sulphide-bearing granite phase (associated with the Lemotte's Granite)and a conglomerate unit bearing rocks and fragments of the same (including pyrite clasts). Mr. Jacobs postulates that the unit may actually be an explosive breccia, or rift, facies of the granite intrusion, thereby implying a possible Olympic Dam-type model. The mapping and geophysical surveys further suggested that the granite has a much larger size than had been mapped in regional government surveys. The granite itself is postulated to be a recambrian intrusive correlative with the Valentine Lake Granite and Crippleback Lake Monzonite to the southwest. As such, the granite would represent basement to the volcanic and sedimentary rocks that underlie the claim blocks. The Valentine Lake Granite
hosts mesothermal gold-bearing quartz veins
and the Crippleback Lake Monzonite has been reported to have associated porphyry-style auriferous sulphide mineralization.
The main focus of the 1998 exploration program was a
Max-Min geophysical survey
and soil geochemical survey
over the Snakes grid on the southwestern part of the Lemotte's Lake claim blocks. The grid was cut to cover an airborne-defined EM-anomaly. The soil data defined slightly anomalous base metal values coincident with the airborne conductor. The ground geophysical (Max-Min) survey indicated the presence of
two medium-to-strong parallel conductors, each 600m - 800m
in length, which were coincident with the airborne conductors obtained in 1997.
In January 1999, the Newfoundland Department of Mines and Energy released a Till geochemical survey for Central Newfoundland which covered the Lemotte's Lake- Rushy Pond Cove Property. This survey indicated anomalous
gold in till values over the claims of 7-40ppb
and the anomalous nature of these results are directly comparable with those for the Moosehead Property, to the east, which is currently the object of an exploration program by the Altius-Teck joint-venture. Furthermore, the claims are contiguous with the large mineral land claim holdings of Fort Knox Gold Resources Inc. in Central Newfoundland. In particular, the Lemotte's Lake claims are approximately 7 km north of the Twi-Lite Zone prospect currently being drilled by Fort Knox. Full delineation of the auriferous systems and the granite conglomerates/breccias at Lemotte's Lake-Rushy Pond Prospect will be the object of exploration in 1999.
The
very encouraging results suggested by these findings
have prompted Copper Hill to seek a joint-venture partner to assist in the further exploration of this large target area.
Copper Hill which trades on the CDN holds a number of mineral exploration projects in Newfoundland and Labrador.
For further information, please call 709-739-4780; fax: 709-739-4785, or visit our web site home page at
copperhillcorp.com to view associated maps and data.
Earl R. Benson, President.
|
