CALGARY, Oct. 25 /CNW/ - Flag Resources has engaged Lamontagne
Geophysics, to complete a down-hole geophysical probe of CH 92-1, a 2900 foot
deep vertical drill hole, in Mackelcan Township, near the northern perimeter
of the Wanapitei Anomaly.
CH 92-1, located on what has been called "Cobalt Hill", intersected
significantly anomalous values in nickel, cobalt and gold, and variously
anomalous values in copper, platinum and palladium. There is extensive
albitization in the drill core. The mineral concentrations were detected in a
large pyritic, albitized quartz breccia and micro breccia zone in Huronian
sediments overlaying the Wanapitei Anomaly. CH 92-1 is due east of Jess Lake,
and the site of Flag's recently completed drill hole.
Flag notes the drill hole is in what appears to be the only surface
occurrence of cobalt in the area. Cobalt is commonly associated with nickel in
the adjoining regional magnetic and gravity anomaly to the Wanapitei Anomaly,
the Sudbury Anomaly.
Flag reports that it is commencing its appeal to the Mining and Lands
Commissioner, in regard to a Provincial Mining Recorder's ruling which would
delete part of Claim 809104, located in Rathbun and Scadding Townships. Flag
is also endeavoring to resolve the dispute more quickly.
A newspaper article, on the recent discovery on the claim, reports Flag's
president as saying, there was a rich deposit of minerals, on the claim. Mr.
McLeod says what he did say was that a representative grab sample, from the
new discovery, had good values in nickel, copper, gold, platinum and
palladium. |
