Finally some news! Would appreciate if the geology minded among us would comment on the following.
STARCORE RESOURCES LTD ("SOE-V") - Samuel Lake PGE Results
Ralph Brown, President of Starcore Resources Ltd. (the "Company") announces that it has proposed to its joint venture partner, ProAm
Exploration, an exploration programme on its Samuel Lake Platinum, Palladium, Gold, Copper, Nickel property in Northern Ontario.
This programme will concentrate on the North-east part of the property, with particular reference to the Platinum and Palladium values
received by sampling, trenching and drilling in the three previous programmes. This programme will begin shortly.
The grab sample assays were as follows:
Sample No. Pl & Pd & Au
OGS 4.2 grams
91924 10.35 grams
91923 .77 grams
91886 4.0 grams
91887 4.3 grams
91888 4.5 grams
91903 3.5 grams
91904 4.7 grams
91905 3.4 grams
91906 4.8 grams
The trenching sample assays were as follows:
Length Pl & Pd & Au Cu
Sample Meters (grams) %
SWP.1 1.4 - 2.2 1.66 grams .0624%
SWP.2 2.2 - 3.0 2.89 grams .1549%
SWP.3 3.0 - 4.0 2.66 grams .1905%
SWP.4 4.0 - 4.8 4.13 grams .4862%
The 1998 and 1999 programmes involved 13 holes drilled in a southerly direction into a strong conductor. The best results were obtained
from Hole No.3 which produced assays of 69.43 meters grading .22% Cu, .15% Ni and 0.74 grams P.G.M.'s and another zone
producing .82% Cu, .64% Ni and .8 grams P.G.M.'s over 46 meters. These holes also produced Platinum and Palladium values up hole
closer to the area that was sampled and trenched as follows:
Length Pl & Pd & Au
Hole Number Meters (grams)
2 1.0 1.2 grams
5 8.25 1.65 grams
9 4.6 .657 grams
including 1.65 3.0 grams
10 3.8 .855 grams
Further downhole in holes number 3, 5, 8, 11 and 12 P.G.M. values were also encountered. An example of this is hole No.8 which
encountered .60 grams over 45 meters.
This programme will concentrate on stripping and further trenching this Northeast section of the property including a large eastern section
which has not been previously explored. This section is underlain by pyroxonite which hosts the favourable P.G.M. values found in the
trenching.
Due to the focus of previous exploration programmes on the promising Cu & Ni results the P.G.M. mineralization in the Northeast
section of the property has not received proper attention even though these P.G.M. values are consistently higher than those reported by
other exploration programmes in the Thunder Bay area.
Drilling has begun on the Lac Legris property. This 13,000 acre property ties on to the North American Palladium mine in Northern
Ontario. It is a 50/50 joint venture with Avalon Ventures Ltd. TEL: 604-602-4935 Ralph Brown, President FAX: 604-602-4936 e-mail
info@starcore.com
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