winston.s.c,
FLAG RESOURCES (1985) LIMITED
Canadian Quotes from Telenium
FGR.A. (CDNX)
GOLDEN BRIAR MINES LIMITED
Canadian Quotes from Telenium
GLB. (ME)
Attention Business Editors:
Flag Resources (1985) Limited
CALGARY, April 27 /CNW/ - Flag Resources (1985) Limited and Golden Briar
Mines Limited announce that a drill hole into a large nickel copper rock
geochemical anomaly, located in the Rathbun Lake Peninsula, Rathbun Township,
Wanapitei Anomaly, Sudbury, Ontario, Canada, has intersected one hundred and
five feet of disseminated chalcopyrite and pyrrhotite mineralization, hosted
by an unusual coarse grained gabbroic rock.
Consulting geologist P.A.R. Brown says the drill hole, drilled into a
newly discovered surface outcrop of mineralized gabbroic rock, traced for 1000
feet along strike to date, is located in a nickel-copper rock geochemical
anomaly over 3000 feet in length and up to 300 feet wide. The anomaly was
outlined by the Ontario Geological Survey in the 1980's.
The vertical exploratory drill hole has intersected up to 3% chalcopyrite
and pyrrhotite disseminated mineralization, from surface to 105 feet. It is
currently drilling below 400 feet. The mineralized drill core is being assayed
for nickel, copper, platinum, palladium, gold and silver.
Drilling will continue to determine the thickness and attitude of the new
mineral discovery.
Mr. Brown notes that, at the northernmost part of the nickel-copper rock
geochemical anomaly, a sample taken in 1998 assayed 0.58% copper, 0.27%
nickel, 0.25 grams gold, 0.34 grams platinum and 2.2 grams palladium.
Mr. Brown recommends than an Induced Polarization Survey should be
completed to try and confirm a link between the new discovery and a similarly
trending airborne conductor located approximately 1000 feet to the east.
FLAG owns a 100% interest in 98% of Rathbun township, being part of its
70,000 acre holdings in the Wanapitei Anomaly, the adjoining magnetic and
gravity regional anomaly to the Sudbury Anomaly, and its
nickel-copper-platinum-palladium ore deposits. The new mineral discovery is in
that portion of Rathbun Township, in which FLAG has granted associated Golden
Briar the right to earn a 50% interest. FLAG owns a 100% interest in the Wolf
Lake and Jess Lake Gold-Copper Deposits in adjoining Mackelcan Township, its
first discoveries in the Sudbury mining camp.
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For further information: M.C. McLeod, President, Flag Resources/Golden
Briar Mines Limited, Toll free in North America 1-888-531-7798,
www.flagresources.com, e-mail info@flagresources.com
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FLAG RESOURCES (1985) LIMITED
GOLDEN BRIAR MINES LIMITED |
