Big Valley receives QR property airborne results
Big Valley Resources Inc BV
Shares issued 22,842,889 May 1 close $0.21
Wed 2 May 2001 News Release
Mr. Art Thiessen reports
Big Valley Resources has received results from a Digem V airborne
geophysical survey completed by Fugro Airborne Surveys Corp. and Pacific
Western Helicopters Ltd., covering the company's QR property located near
Quesnel, B.C. The survey comprised 692 line kilometres using Digem V
multicoil, multifrequency electromagnetic system supplemented by a high
sensitivity cesium magnetometer. Two high priority targets favourably
located adjacent to known orebodies have been identified.
The survey area included zones of known mineralization and previously mined
orebodies. The West and MidWest orebodies are characterized by weak
multichannel in-phase and quadature EM anomalies whereas the Main zone is
characterized by moderately strong, relatively discrete multichannel
in-phase and quadrature EM anomalies. Significantly, all of the orebodies
sit on the edge of MAG highs.
Immediately to the south of the West zone orebody lies an anomaly very
similar in character to the Main zone orebody. This anomaly is
characterized by moderately strong, relatively discreet in-phase and
quadrature EM responses situated on the edge of a strong MAG high. The
immediate vicinity of this anomaly remains underexplored, and preliminary
compilation suggests this high priority target has not been adequately
drill tested.
The second high priority target is located immediately south east of the
Main zone and is characterized by the continuation of the strong magnetic
feature interpreted to represent the diorite intrusive associated with all
zones of mineralization that have been mined to date. The extension of this
important intrusive beyond Wally's fault, combined with thickening of the
basaltic epiclastic unit, which host known mineralization on the QR
property, creates a permissive corridor for the continuation of the Main
zone mineralization well beyond its currently known limits. Preliminary
compilation suggests previous drilling in the vicinity of this important
anomaly, known as the East zone extension, has only begun to test this
important target.
There are a number of other anomalies of interest identified in the survey,
but consultants to the company have identified the East zone extension and
the area immediately southwest of the West zone as having the greatest
potential to immediately add to the existing resource on the QR property.
(c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com |
