Cross Lake four properties in north central B.C.
Cross Lake Minerals Ltd CRN
Shares issued 32,782,665 Sep 29 close $0.105
Mon 2 Oct 2000 News Release
Mr. Henry Ewanchuk reports
Cross Lake Minerals has acquired by staking, four properties in the Omineca
Mountains of north central British Columbia, on which some very promising
assay results have been obtained from recent rock sampling. Three of the
properties are in the Osilinka River area while the fourth is located along
the Ingenika River. The properties were acquired as a result of the
company's recent efforts in researching underexplored areas of
carbonate-hosted zinc, lead, silver mineralization in British Columbia. All
four properties are road accessible and in the vicinity of the power
transmission line to the Kemess mine.
The End Lake property is located on the north side of the Osilinka River
approximately 210 kilometres northeast of Smithers, B.C., and 48 kilometres
north-northwest of Germansen Landing. This 20-unit, 500-hectare claim was
acquired over the old Childhood Dream zinc, lead and silver showing. The
showing consists of a rusty gossan of sphalerite, galena and pyrite
sulphide mineralization hosted by Cambrian to Middle Devonian Razorback and
Echo Lake Group dolomite and limestone.
The significant results from the samples taken by the company on this
property are:
End Lake
Sample Zn Pb Ag
description (%) (%) (g/t)
2.0 m channel 10.20 9.39 21.80
3.0 m channel 9.23 5.62 16.80
4.0 m channel 1.98 0.34 4.20
Grab sample 6.08 0.98 8.80
The Ingenika property is situated on the south side of the Ingenika River
approximately 250 kilometres north northeast of Smithers, B.C., and 108
kilometres north-northwest of Germansen Landing. These three claims,
totalling 54 units and encompassing 1,350 hectares, were acquired around
the old Ingenika mine and cover the historic Onward and Onward South
trenching. The old trenches were located and sampled. The Onward trenches
were completed in the Hadrynian Ingenika Group of brecciated limestone with
disseminated to massive sulphides consisting of galena with minor
chalcopyrite and pyrite mineralization. The Onward south trenching is
located 500 metres south of the Onward showing and consists of historic
trenches in the same brecciated limestone but the sulphides consist of
sphalerite and galena with minor pyrite mineralization.
The significant results from the samples taken by the company on this
property are:
Ingenika -- Onward
Sample Zn Pb Ag
description (%) (%) (g/t)
Grab sample N.S. 51.80 1,205.00
Grab sample N.S. 45.20 1,070.00
Grab sample N.S. 8.11 121.00
Grab sample N.S. 8.35 135.00
Grab sample N.S. 64.20 1,870.00
Grab sample N.S. 13.95 272.00
Ingenika -- Onward south
Sample Zn Pb Ag
description (%) (%) (g/t)
Grab sample 2.65 0.50 7.20
Grab sample 13.05 5.86 55.60
Grab sample 15.70 5.07 45.60
N.S.: not significant
The Wasi Creek property is located on the south side of the Osilinka River
approximately 200 kilometres northeast of Smithers, B.C., and 43 kilometres
north-northwest of Germansen Landing. This 20-unit, 500-hectare claim was
acquired over areas of historic trenching of zinc, lead and silver
mineralization in the Cambrian Atan Group dolomite and limestone. While
staking, an eight-metre channel sample was taken across a rusty gossan
exposed in a road cut and graded 2.46 per cent zinc and 8.2 grams per tonne
silver.
The Whistler property is located on an unnamed creek on the south side of
the Osilinka River approximately 205 kilometres northeast of Smithers,
B.C., and 35 kilometres north-northwest of Germansen Landing. This 20-unit,
500-hectare claim was acquired over the old Whistler mineral showing
consisting of galena and sphalerite mineralization hosted by the Middle
Devonian Otter Lakes Group limestone.
The significant results from the samples taken by the company on this
property are:
Whistler
Sample Zn Pb Ag
description (%) (%) (g/t)
Grab sample N.S. 4.24 6.80
Grab sample 4.51 4.53 8.20
Grab sample 1.90 5.86 10.40
Grab sample N.S. 3.19 4.00
N.S.: not significant
The sampling program was supervised by the company's vice-president of
exploration, Jim Miller-Tait, PGeo. All the samples were analyzed at the
laboratory of ALS Chemex in North Vancouver, B.C., using the 32 element ICP
analytical package coupled with AAS and fire assays for overlimit zinc,
lead and silver samples.
The next stage of exploration work on these four properties is currently
being planned and will include detailed geological mapping, soil and rock
sampling, trenching and geophysical surveys. Results from this work will
determine the nature and extent of any exploratory drilling.
With respect to the Sheraton-Timmins property near Timmins, Ont., the
company has received and is in the process of reviewing the results of the
airborne magnetic and electromagnetic survey over the property. The results
were recently released by the Ontario Geological Survey as part of its
Operation Treasure Hunt initiative. This survey reveals a number of
conductors, including one over the centre of the Cross Lake zone, which is
immediately east of the deepest drilling and coincident with the conductors
that were earlier indicated by Borehole Pulse EM surveys carried out in
deep diamond drill holes. This correlation may be significant in that it
enhances the exploration potential for any additional airborne conductors
that are on the Property. The company has engaged Roger J. Caven, BASc,
PEng, consulting geophysicist, to complete a detailed review and
interpretation of the airborne survey and to provide recommendations as to
specific targets.
The company has also recently received the results of a soil sampling
conducted directly over the Cross Lake zone that employed the Mobile Metal
Ions (MMI) analytical method. Results revealed a strong zinc anomaly
directly over the subcrop of the Cross Lake zone. This direct correlation
between surface soil samples and a known drilled zinc resource is
significant in that the MMI procedure provides the company with an
additional exploration tool to test other geophysical anomalies on the
property.
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