CALGARY, Dec. 17 /CNW/ - Confirming airborne conductors, the ground
survey found 4 conductors in the vicinity of the Jess Lake gold deposit.
The ground magnetometer and V.L.F. survey was done by Ray Lashbrook,
North Bay, Ontario, who says the conductors appear to be bedrock conductors.
A. Jones Lake Conductor - middle of Jones Lake, 65 meters (213 feet) west
of the east shoreline.
B. Jones Lake Conductor - 200 meters (656 feet) due north of Conductor A,
65 meters (213 feet) west of the east
shoreline.
C. Jess Lake Conductor - 200 meters north of Conductor B, 55 meters
(180 feet) west of east shore of Jess Lake and
50 meters (164 feet) south of the Jess Lake
gold deposit).
D. Cobalt Hill Conductor - 60 meters (197 feet) west of Colbalt Hill
(Cobalt Hill is 200 meters (656 feet) south
and east of Jess Lake).
There are gold bearing sulfides, in intervals over 1 mile, from the Wolf
Lake gold deposit, directly south to the Jess Lake gold deposit, and to the
further south, adjoining Jones Lake.
With the conductors located in this area of gold-bearing sulfides, Flag
proposes to drill a 500-foot exploratory drill hole into each conductor.
The Jess Lake gold deposit, in altered Lorrain quartzite, extends to a
depth of 900 feet. Flag proposes to drill an exploratory drill hole, as
announced, to explore the Jess Lake gold deposit to a depth of 2000 feet.
Flag has previously reported the ubiquitous pressure of nickel-bearing
sulfides and chalcopyrite in pyrite-rich quartz veins at Colbalt Hill. To
further explore the mineralization, a ground magnetic and VLF survey is being
completed north of the small shaft at Cobalt Hill, on ground, which has never
been explored.
Mackelcan Township is located in the northern sector of Flag's 70,00 acre
holdings in the Wanapitei Anomaly.
On behalf of the Board of Directors
Murdo C. McLeod, President |
