Cross Lake completes drilling on Swannell property
Cross Lake Minerals Ltd CRN
Shares issued 35,182,665 Oct 29 close $0.07
Mon 29 Oct 2001 News Release
Mr. Henry Ewanchuk reports
Cross Lake Minerals has provided the following update on its B.C.
exploration programs.
Swannell property: A 400.8-metre diamond drill program was completed on the
Swannell property, under option from Teck Cominco Ltd. and located 103
kilometres north-northwest of Germansen Landing in the Omineca region.
A total of three holes (CS-01-08, 09, 10) were drilled on the north side of
the Swannell River in the vicinity of earlier drilling carried out in 1957
and 1985. Holes CS-01-08 and CS-01-09 were drilled on an east-west section
near hole CS-85-06 (1985 drill hole) 100 metres to the north along strike
from hole CS-57-01 (1957 drill hole) which was situated on the north side
of the Swannell River. Hole CS-01-10 was drilled a further 50 metres to the
north along strike from CS-01-08 and CS-01-09. All holes were drilled in a
westerly direction across the mineralized horizons.
The three recent holes were designed to verify the orientation of the
mineralized horizons as there had never been a multihole section drilled
across the stratigraphy. The drill target was two parallel base metal
mineralized horizons, separated by 30 metres of carbonaceous siltstone and
limestone. The two base metal horizons consist of silicified dolomite
containing tan, brown and black sphalerite, galena and pyrite.
Two of the drill holes (CS-01-08 and CS-01-10), located 50 metres apart
along strike, intersected the two mineralized horizons. The deepest hole
(CS-01-09), drilled in section to intersect the horizons 50 metres below
CS-85-06 and 100 metres below CS-01-08, intersected only one mineralized
horizon. The low core angles of the stratigraphy intersected in this hole,
compared with the high core angles in the other holes, indicate a possible
fold at depth. Significant results from the three drill holes completed are
tabulated below:
Hole From To Interval Zn Pb Ag
No. (m) (m) % % g/t
CS-01-8
1st
horizon 57.3 60.3 3.0 3.56 0.92 8.4
Incl. 57.3 58.3 1.0 8.61 2.24 20.2
2nd
horizon 79.2 83.7 4.5 4.16 0.46 6.5
Incl. 79.2 80.2 1.0 7.00 1.29 13.2
And 82.2 83.2 1.0 6.22 0.27 4.4
CS-01-9 89.7 90.7 1.0 2.47 0.99 13.4
CS-01-10
1st
horizon 60.5 64.5 4.0 5.07 0.64 8.7
Incl. 62.5 64.5 2.0 8.81 1.11 14.8
2nd
horizon 92.4 95.4 3.0 5.82 3.17 28.2
Incl. 92.4 94.4 2.0 7.74 1.57 13.5
The results for the two earlier holes drilled in this vicinity, one
completed by Cominco Ltd. in 1957 (CS-57-01) and one drilled in 1985
(CS-85-06) by Elite Resources Corp., are tabulated below:
Hole Length Length Zn Pb Ag
No. (ft) (m) % % g/t
CS-57-01
1st
horizon 5.5 1.7 14.5 4.3 37.7
2nd
horizon 6.0 1.8 15.4 1.2 10.3
3.0 0.9 12.6 1.3 17.1
CS-85-06
1st
horizon 9.6 5.83 1.29 15.3
Incl. 2.8 12.04 0.99 11.3
2nd
horizon 10.6 5.05 0.30 4.30
The recent drilling confirmed the strike of the zone at 325 degrees and
indicated a possible fold occurring at depth which presents an attractive
target area for higher grade and thicker base metal mineralization. The
differences in the grades and thicknesses in the holes completed to date
may be explained by structural folding and deformation in conjunction with
the remobilization of metals. To date, this mineralized structure has only
been explored for 150 metres along strike and 100 metres down dip.
Additional drilling is recommended along strike and down dip to locate
higher grade and thicker mineralized horizons. Elsewhere on the property
there are several untested soil geochemical anomalies that remain highly
attractive drill targets.
Ingenika property: The MMI soil survey outlined several high-priority base
metal anomalies on this property, which is located immediately north of the
Swannell property. One area located on the southwest corner of the grid is
the highest priority due to the discovery of float material consisting of
manganese stained dolomite with extensive pyrite mineralization. This float
is similar to the host rock of the old Ingenika mine, located three
kilometres to the north. As a result of this geochemical anomaly on the
edge of the grid, two more soil lines were sampled, 50 metres either side
of the existing sampled line, with samples collected every 25 metres. The
initial line was also extended. This entire grid is strongly anomalous in
base metal elements. The zinc values are higher than the soil results from
the first grid that was centred on the historic Onward south shaft that was
located and sampled earlier this year (see Stockwatch June 14, 2001).
Another program of MMI soil sampling and geological mapping has recently
been completed.
LJ property: The LJ property's LoCoJo base metal showing was mapped during
the summer. The property is situated 35 kilometres north-northeast of
Revelstoke and the mapping revealed that the base metal mineralization is
contained within a tight fold plunging to the south at the contact of the
Index and Badshot formations. While mapping, two rock channel samples were
collected with assays of 5.90 per cent zinc, 4.56 per cent lead and 3.8
grams per tonne silver over a 2.5-metre width and 1.39 per cent zinc, 0.41
per cent lead and 1.4 g/t silver over 1.5 metres. A geological review of
the property will be completed before any further work is recommended.
End Lake property: A drill program of two holes totalling 146 metres was
completed on the End Lake property located 48 kilometres north-northwest of
Germansen Landing. The two holes were located 50 metres apart and were
drilled in a westerly direction at an angle of -70 degrees to explore the
area to the east of the two old exploration adits located at creek level.
The two exploration adits exposed sphalerite, galena and pyrite with
extensive hydrozincite alteration hosted in Cambrian-aged dolomite and
limestone. Both drill holes intersected the dolomite/limestone host their
entire lengths with varying degree of silicification and sphalerite, galena
and pyrite mineralization. Although assay results were low, the textures in
the core indicate porous open space infilling, which is a good geological
indicator for the mobility of solutions. The analytical results for the two
drill holes are tabulated below:
Hole From To Interval Zn Pb Ag
No. (m) (m) % % g/t
EL-01-1 21.3 22.9 1.6 0.02 3.16 10.4
41.1 47.2 6.1 0.25 1.65 8.5
EL-01-2 48.8 51.8 3.0 2.14 0.08 3.2
In light of the results of the drilling, a geological review of the End
Lake property and surrounding area will be completed before any further
work programs are proposed.
All work was conducted under the supervision of the company's
vice-president, exploration, Jim Miller-Tait, PGeo. Rock and conventional
soil samples were analyzed by ALS Chemex in North Vancouver, B.C. The MMI
soil samples were analyzed using the proprietary method of XRAL
Laboratories, a division of SGS Canada Inc., of Toronto, Ont.
Over the past two years, the company has amassed a land package of 4,900
hectares in the Omineca region of north-central British Columbia hosting
what management considers, based on extensive in-house research, to be very
attractive geological conditions for the discovery of a significant
carbonate-hosted zinc-lead-silver deposit. To further advance these areas,
future exploration programs will include geochemical and geophysical
surveying, trenching and drilling.
(c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com |
