They are still at it.
Flag Resources Has Received February 6th, 2002, Mineralogical Report on Cobalt Hill by Dr. Eva Schandl, Geological Consultant, Research Associate, (Dept. of Geology, University of Toronto)
FGR.A on the Canadian Venture Exchange
CALGARY, Feb. 13 /CNW/ - Dr. Schandl's Feb 6, 2002, report is a detailed
mineralogical study of the hydrothermally altered quartzites and sulfides
around drill hole Ch92-01, with the primary objective of investigating the
economic potential of Flag's Cobalt Hill property.
A significant result of the mineralogical study was Dr. Schandl's
discovery of salt cubes in primary fluid inclusions in quartz veins (that
intrude the quartzites) on Cobalt Hill, indicating that the hydrothermal
fluids from which quartz veins crystallized were highly saline.
Dr. Schandl notes that similar fluid inclusions have been reported, in
quartz, from the deep copper zone of the Strathcona Mine and in the epidote
zone of the Fraser Mine at the Sudbury Nickel (Ni), Copper (Cu), Platinum
Group Element (PGE) deposit (Farrow and Watkinson, 1992).
The saline fluids at Sudbury are considered to have been late magmatic in
origin and are believed to have mobilized the PGE, as well as the Cu (Farrow
and Watkinson 1992; Jago et al 1994).
Highly saline fluids are known to be associated with other magmatic
sulfide PGE deposits such as the Lac des lles Complex (Fellier et al, 1991),
Merenksy Reef, Bushveld Complex (Ballhaus and Stumpfl, 1986) and the New
Rambler deposit, Wyoming (Nyman et al, 1990).
Dr. Schandl emphasizes that, to her knowledge, fluid inclusions with salt
crystals have not been previously identified in the Huronian sediments, nor in
quartz veins associated with the sediments, noting that inclusions with such
saline fluids are relatively rare, and are generally associated with magmatic
porphyry-type ore deposits.
A fluid inclusion study of selected samples, from Cobalt Hill, is in
progress, to compare the temperature, salinity and type of salt crystals to
fluid inclusions associated with the Sudbury Igneous Complex (in the Sudbury
Anomaly), where mobilization of PGE and Cu have been attributed to saline,
late magmatic fluids (cf. Farrow and Watkinson 1992; Jago et al 1994).
In an earlier report, August 7th, 2001 report to Flag, Dr. Schandl
suggested that the presence of fuchsite (chromium rich muscovite) in Flag's
drill hole CH92-01, on Cobalt Hill, Mackelcan Township, Sudbury, Ontario,
implies the introduction of chromium (Cr) by hydrothermal fluids from an
external source such as a mafic or ultramafic intrusion at depth. As chromium
is immobile under most geological conditions, Dr. Schandl suggests these
source rocks cannot be far.
Nickel and cobalt enrichment of the hydrothermally altered quartzites is
suggested by nickel and cobalt values found in siliceous and sulphide rich
grab samples in the vicinity of CH-92-1.
Results should be received shortly, from a down-hole geophysical survey
of drill hole CH92-1.
A technical report is being completed on Flag's gold and gold-copper
zones at Wolf Lake, Mackelcan Township, by Dr. Peter Giblin, Consulting
Geologist, Sudbury, Ontario. Flag notes that 111 drill holes, drilled in the
area, between 1981 and 1997 obtained gold or gold-copper bearing
intersections.
The report will also include recommendations for exploration on Flag's
Exploratory License of Occupation ground, located on the northwestern edge of
Lake Wanapitei, Rathburn Township.
Flag holds, approximately, 70,000 acres in the western sector of the
Wanapitei Anomaly, the adjoining regional magnetic and gravity anomaly to the
Sudbury Anomaly.
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For further information: Murdo C. McLeod, President, Flag Resources
(1985) Limited, Toll Free: 1-888-531-7798, www.flagresources.com, E-mail:
info@flagresources.com |
