SUDBURY AREA AND THE PGM PLAY Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : SUDBURY AREA AND THE PGM PLAY

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: manben who wrote (292)	7/11/2000 5:24:40 PM
From: Brumell	Read Replies (1) of 349

Aquiline East Bull Lake drill results Aquiline Resources Inc AQI Shares issued 9,160,808 Jul 10 close $0.64 Tue 11 Jul 2000 News Release Mr. Marc Henderson reports Aquiline Resources has received preliminary assay results for diamond drill holes 1 through 7 inclusive on its East Bull Lake palladium/platinum exploration project near Sudbury, Ont. The East Bull Lake project covers a strike length of approximately 1.6 kilometres of the southern contact of the East Bull Lake layered mafic intrusive and is under option from Mustang Minerals Ltd. and Freewest Canada Resources Inc. These results represent the initial drill results of an intended 1,300-metre first phase drill program following a spring program of line cutting, surface sampling, and geophysics. East Bull Lake Drill Results From To Intersection Grade Hole No. (m) (m) Pt/Pd PDZ-1 51.8 62.2 10.4 0.78 g/t Incl. 56.7 61.31 4.6 1.04 g/t PDZ-2 No significant Intersections PDZ-3 Hole terminated due to poor ground conditions PDZ-4 No significant Intersections PDZ-5 No significant Intersections PDZ-6 39.6 41.4 1.8 1.41 g/t Incl. 40.5 41.5 1 2.07 g/t 46.9 48.4 1.5 1.34 g/t 61.9 69.2 7.3 0.76 g/t 76.5 84.7 8.2 0.61 g/t PDZ-7 130.1 136.5 6.4 0.77 g/t Platinum group elements (PGE) mineralization intersected in PDZ-1, 6 and 7 -- which cover approximately 200 metres of prospective strike length -- appears to be terminated at depth by the well-documented Parisien deformation zone (fault). All three holes were collared north of the fault within an anorthositic unit considered part of the lower series of the stratigraphic sequence of mafic rocks that make up the East Bull Lake layered intrusive. Drill holes PDZ-2, PDZ-3 and PDZ-4 were collared south of the deformation zone in an area where surface sampling returned promising geochemical results but intersected diabase and granitic rocks that are not part of the East Bull Lake intrusive sequence. These results have led to a geological reinterpretation of the area and discounted the possibility of intersecting the PGE-bearing intrusive contact south of the fault zone. All exploration efforts are now focused on the northern part of the property. Drilling is continuing with the drill now targeting contact areas which may host massive sulphide mineralization similar to that found within the Parisien deformation zone that have to date returned assay grades of up to 11.2 grams per tonne PGEs. Hole 8 has been completed below hole 1 on line 2+00 east and the drill will now move 600 metres to east to drill a series of holes on line 8+00 east where IP surveying indicated a strong chargeability anomaly. Further assay results will be reported when available. Work continues on the company's River Valley properties. Field crews have now completed all of the infill lines necessary to complete the IP survey on the Mustang joint venture claim block and will be moving to the Dana North block to expand the scope of the existing survey there. A report on the progress of exploration at River Valley will be forthcoming within a few weeks time.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next