Hello Wil and All:
We have news on further drill results at Sewell Brook. Any thoughts?
Nice price move today. Hope it keeps up and maybe we will see $2+ next week. News posted below.
Mark
>Date: Fri, 09 May 1997 16:25:55
>To: Chapleau
>From: Shawn Wiltzen <chapleau@cyberlink.bc.ca>
>Subject: Sewell Brook drill results
>
>Chairman of board and CEO appointed
>
>Chapleau Resources Ltd CHI
>Shares issued 25,690,491 May 6 close $1.29
>Wed 7 May 97 News Release
>Mr Eric Wiltzen reports
>Mr Jim Stypula has been appointed chairman of the board and CEO. Mr Allan
>Rella has been appointed secretary. Mr Frank Rossi remains as a director.
>(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
>
>
>
>Sewell Brook drill results
>
>Chapleau Resources Ltd CHI
>Shares issued 25,690,491 May 8 close $1.29
>Fri 9 May 97 News Release
>Mr Eric Wiltzen reports
>The company has received the latest results of drill holes completed on its
>Sewell Brook property in New Brunswick.
>
>Drill Hole
>[Depth from surface (From-To in metres)]
>----------------------------------------
>Interval Ag Cu Pb Zn Cu+Pb+Zn
> (ft) oz/t % % % %
>------- ----- ----- ----- ----- --------
>
>SW-97-43 (594.40-597.30)
> 9.51 0.039 0.029 0.726 2.128 2.9
>
>665.70-671.10
> 17.72 0.055 0.066 1.024 1.775 2.9
>
>SW-97-45 (121.00-122.10)
> 3.61 0.070 1.030 0.003 0.037 copper
> zone
>
>175.10-175.90
> 2.62 0.130 0.164 0.297 4.360 5.0
>
>237.45-237.65
> 0.66 0.560 5.770 0.058 0.133 copper
> zone
>
>241.30-242.70
> 4.59 0.204 2.391 0.014 1.091 3.5
>
>248.00-249.70
> 5.58 0.154 2.112 0.020 0.140 copper
> zone
>
>253.60-270.60
> 55.77 0.159 1.901 0.038 0.185 2.1
>
>incl. 265.30-270.60
> 12.30 0.335 5.663 0.070 0.057 5.8
>
>
>Drill hole SW97-43, although due west of SW97-40, encountered a much
>thicker sequence of hanging wall sediments overlain by probable mafic
>(pillowed) flows. Therefore, the mineralized succession encountered was at
>greater depth than the eastern holes. The two most significant mineralized
>intervals, documented above, are hosted by lapilli tuffs overlain by
>sediment dominated intervals. Stratigraphic correlations suggests these
>mineralized horizons are at the base of the zinc-rich mineralized
>succession in the deeper discovery zone equivalent but overlie the
>copper-rich mineralized strata identified at deeper levels (i.e. SW96-19
>and SW90-08-06).
>Drill hole SW97-45 was collared grid north of SW97-37 and grid south of
>SW96-31. The hole tested strata between these two holes and the up-dip
>extension of mineralization identified in the deeper, faulted equivalent of
>the discovery zone. The purpose of the hole was to test lateral
>continuation of mineralization up-dip to the north against a fault.
>Proposed correlations surest only 6m of mineralized rhyolite (the target
>zone) was intersected, with the remainder removed by the fault. The hole
>was allowed to continue in order to test stratigraphy hosting the finely
>laminated, bedded massive sulphide horizon identified in SW97-37. A
>significant thickness of mineralization (17.0m) was encountered at that
>stratigraphic horizon, grading approximately 2.1% Pb+Zn+Cu with one higher
>grade zone grading 5.8% copper over 3.75m. There is a 3.9m thick zone
>between interval 5 and interval 6, which was not sampled due to poor core
>recovery, making a total mineralized interval of at least 22.6m.
>Anomalous copper values up to 1.13% over 0.90m were assayed from 270.6 to
>the end of the hole (374.0m). It is highly significant that no single hole
>drilled by the company has passed through the entire mineralized succession
>into an unmineralized footwall stratigraphy.
>Drilling on the company's New Brunswick properties (Shingle Gulch, Sewell
>Brook and Costigan) is expected to resume May 12 1997.
>Drilling on the Fors project near Cranbrook, BC, has begun. A grid drill
>program of 10 to 12 holes ranging in depth from 2,800 to 3,500 ft will be
>carried out over the next three months.
>(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
> |
