Answer: ONE Gram is ...ONE HUNDRED Million Ounces in that area as I parametered it. Note, I miss-spelt the word: PROBABLE ..in my hedged context of POSSIBLE.
1,000,000,000 X 3.1 ( as my calculator wont go another decimal place) ( Right?) 3,100,000,000 Divide by 31 = 100,000,000 Metal In The Ground, Min...or 5 X that if the High Numbers Used...or if other Hot Sots found...say, what?
Chucka-Decimal Problems well documented...I do Math ...need new Calculcator! Back it off to one tenth of what might be...that is still...ONE MILLION OZs of stuff in the ground. Maybe basis..
I certainly wish that the release a schedule of CORES will drill looged samples at Deepth ..I feel that we all were entitled to that type of documentation. Stanard Fire Assays mean that we had the proper folks doing it all right and we deserve the same allowable credible documentation as any other Standard Mining Drill Core - Surface Rock IDed Test Results - a Release Company. I hope that such results are posted as I see in LOGGGED RESULTS documented news releases as I see elsewhere...like FGA.A at Flag on their intervals based upon first tests on Platinums in similar USGA Cores that were SEMs studdied First then the Exchange let them put out SFA interval Core Results. I think I will scan and past those NEWS Relaeses to compare the Granits of the Ontario Sudbury Metals to the LIMESTONES of these CagaryAlberta Regions Devonian Canadain schield- They have no where near our possible size but they outsept to finf just a small area and we have NO CORES to study as LONG TERM INVESTORS waiting for SFA? Why is that?
ChuckaHypey- cause NO ONE ELSE is!
Subject 8829
Subject 8829
Subject 8829
Press Release July 6, 1999
"Flag Resources (1985) Limited And Golden Briar Mines Limited Report Assay Results From Sampling Of Surface Occurrence Of Massive Sulfides, Rathbun Lake, Rathbun Township, in the Wanapitei Anomaly, Sudbury, Ontario.
Under the terms of a Confidentiality Agreement with FLAG, INCO Limited (N.Y.S.E.) took representative grab samples from the rock dump of a prospector's shaft sunk on a small surface occurrence of massive sulfides at Rathbun Lake.
Best assay values from the grab samples, listed below, were 22.83% copper, 2.18% nickel, .517 ounces platinum, 1.89 ounces palladium and 0.86 ounces of gold per ton.
XRAL Laboratories, Don Mills, Ontario
Assays, Rathbun Lake Occurrence
Rathbun Township, Wanapitei Anomaly
June 24, 1999
Per Ton
Massive Sulfides
RX307814-Rock Dump
Copper : 22.83%
Nickel : 0.257%
Platinum : 0.038 ounces
Palladium : 0.86 ounces
Gold : 0.007 ounces
RX307815
Copper : 6.4%
Nickel : 0.356%
Platinum : 0.201 ounces
Palladium : 0.211 ounces
Gold : 0.049 ounces
Gabbro 25% Disseminated Sulfides
RX307816-Rock Dump
Copper : 0.11%
Nickel : 0.322%
Platinum : 0.065 ounces
Palladium : 0.211 ounces
Gold : 0.005 ounces
RX307820-Rock Dump
Copper : 2.33%
Nickel : 1.29%
Platinum : 0.248 ounces
Palladium : 0.451 ounces
Gold : 0.086 ounces
Massive Sulfides Sedimentary (3) Matrix
RX307821
Copper : 2.96%
Nickel : 2.18%
Platinum : 0.517 ounces
Palladium : 1.89 ounces
Gold : 0.075 ounces
Gabbro - 20% Disseminated Sulfides
RX307822: One Square Meter Block At Shaft
Copper : 0.66%
Nickel : 0.536%
Platinum : 0.048 ounces
Palladium : 0.486 ounces
Gold : 0.0256 ounces
Gabbro 5% Disseminated Sulfides
RX307823 - Small Pit, Nipissing Gabbro
Copper : 0.72%
Nickel : 0.321%
Platinum : 0.0057 ounces
Palladium : 0.020 ounces
Gold : 0.011 ounces
Of the 22 pulp and rock grab samples taken, these are the assays received from INCO.
The assays confirm previous assay results, but better represent the geological characteristics of the mineralized structure.
Two miles east, at Matagamasi Lake, FLAG discovered 1111 continuous feet of disseminated nickel, copper, platinum and palladium mineralization, in a vertical drill hole, from 419 to 1530 feet, in Gowganda sediments.
The mineralization is not economic. Analysis of the drill core indicated that the mineralization migrated from an underlying or nearby source.
To find the source, the original discovery hole is being deepened from 2500 to below 3000 feet. It is currently at 2637 feet.
To also explore for the source and extension of the widespread disseminated mineralization, an exploratory drill hole is being drilled into a 2600 foot wide zone of Sudbury breccia, located 1100 feet south, on the southern boundary of a large olivine diabase dike. Sudbury breccia is associated with many of the ore deposits of the adjoining magnetic and gravity anomaly, to the Wanapitei Anomaly, the Sudbury Anomaly.
Golden Briar Mines Limited (M.S.E.), an associated company, may earn a 50% interest in the Rathbun and Matagamsi Lake portions of FLAG's Rathbun Township holdings, by spending $400,000.00 over a four-year period. FLAG holds the mineral rights to over 90% of the eastern half of the two township wide Rathbun Township.
FLAG's exploration of its large holdings in the Wanapitei Anomaly, is being concentrated on its platinum-palladium prospects in Rathbun Township, deferring further development of its Wolf and Jess Lake gold and copper deposits in Mackelcan Township and the visible surface gold occurrences on its Exploratory Licence of Occupation, located in western Rathbun Township"
For further information contact M.C. McLeod, President
Suite 1970-540-Fifth Avenue S.W., Calgary, Alberta, Canada, T2P 0M2
Toll free in North America 1-888-531-7798
www.flagresources.com
e-mail info@flagresources.com
The Alberta and Montreal Stock Exchanges have neither approved nor disapproved the contents herein
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FLAG RESOURCES (1985) LTD. PRESS RELEASE: May 10th, 1999
"Flag Resources (1985) Limited And Golden Briar Mines Limited Drilling Step-out Hole 1200 Feet South From The Disseminated Platinum, Palladium, Nickel, And Copper Mineral Discovery At Matagamasi Lake, Rathbun Township, Wanapitei Anomaly, Sudbury, Ontario, Canada.
Flag and Golden Briar (M.S.E.) say that the reason for the discovery being the only widespread dissemination of mineralization, in Gowganda sediments, in the Sudbury mining camp, is that the mineralization did not originate in the Gowganda sediments, but originated and migrated from a large underlying igneous intrusion. It is a significant discovery because it is the first evidence of a mineralized igneous intrusion being close to the surface in the 54 mile long Wanapitei gravity and magnetic anomaly.
The step-out drill hole, 1200 feet to the south, is being drilled east, at 70 degrees, with Matagamsi Lake, prior to deepening the 2500 feet vertical discovery drill hole, and extending the 1400 foot 60 degree hole east into the lake, both still in disseminated mineralization, as there is geological evidence of the indicated mineralized igneous intrusion being closer to the surface, including the apparent intersection of three fault zones.
The Matagamasi Lake discovery and the Rathbun Lake Occurrence, two miles to the west, are located on the northern boundary of the Wanapitei Gabbro Intrusion. The Rathbun Lake Occurrence is a small surface lens of rich massive nickel, copper, platinum, palladium, silver and gold bearing sulfides, in gabbro rock. It contains some of the highest abundances of platinum and palladium known to be associated with mafic rock (Ontario Geological Survey and Geological Survey of Canada, 1993).
The discovery and development of the mineralized igneous intrusion, indicated to exist adjoining or in Matagamsi Lake, would open up the mineral potential of the 15 mile long Wanapitei Gabbro Intrusion, and the 54 mile long Wanapitei Anomaly, in which it is located. Flag owns approximately 60% of the Wanapitei Gabbro Intrusion. It is the largest holder of mineral claims in the western sector of the Wanapitei Anomaly.
Golden Briar, an associated company of Flag, may earn a 50% interest in the Matagamasi Lake discovery and adjoining mining claims by spending $400,000.00 over a four year period."
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PRESS RELEASE VIA CANADA NEWSWIRE: January 18th, 1999
FLAG RESOURCES (1985) LIMITED ANNOUNCES DRILLING TO PROCEED ON RATHBUN TOWNSHIP, WANAPITEI GABBRO INTRUSION, PLATINUM-PALLADIUM PROSPECT, SUDBURY, ONTARIO, DELAYED DUE TO SEVERE WEATHER CONDITIONS
"Flag has reported that there is geochemical evidence indicating the existence of a 3000 foot long mineralized zone on Flag's Wanapitei Gabbro Intrusion ground, located one mile south of the small rich massive sulfide surface occurrence, known as the Rathbun Lake Occurrence, Rathbun Township. The abundance of platinum and palladium, in the Occurrence, are some of the highest known to be associated with mafic rocks. (Ontario Geological Survey and Geological Survey of Canada report, 1993). A selected grab sample, by the O.G.S. (Report 213, 1982) yielded 34.6 ounces of palladium, 0.056 ounces of platinum, 2.22 ounces of silver, 0.02 ounces of gold per ton and 10.2% copper, 0.14% nickel per ton.
A 1996 O.G.S. Study 58, by A.J. Naldrett and P.C. Lightfoot, on petrology and geochemistry of Nipissing Gabbro, in Ontario, states there is well documented association of mineralization with hypersthene-rich, high magnesium rock, with lower abundance of titanium and zirconium in Nipissing Gabbro. The study says the typical exploration target to look for, in geochemical sampling, include 9% or better magnesium oxide and 0.41 percent or less titanium.
One mile south of the Rathbun Lake Occurrence, in the Wanapitei Gabbro Intrusion, 44 geochemical samples, over a length of 3000 feet, assayed from 9% to over 12% magnesium oxide and from 0.20 to 0.48% titanium. Most of the higher nickel and copper values, from the geochemical sampling, are in the 3000 foot long zone, evidence supporting the association of mineralization with high magnesium oxide and low titanium values in Nipissing Gabbro.
There has been no previous exploratory drilling in the area of the indicated 3000 foot long mineralized zone.
Associated Golden Briar Mines Limited can earn a 50% interest, by spending $400,000.00 over a four year period, on this portion of Flag's Wanapitei Gabbro Intrusion holdings."
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