CALGARY, Jan. 9 /CNW/ -
Flag Resources (1985) Limited's Planned Winter Exploration Program,
Wanapitei Anomaly, Sudbury, Ontario
1. Jess Lake Gold Deposit and Cobalt Hill Mackelcan Township
a) As announced on December 30, 2002, drilling a conductor found
by a VLF and magnetometer survey. The conductor starts 24
meters (75 feet) south of the Jess Lake Gold Deposit, extending
south for 725 meters (2378 feet) south into Jones Lake.
b) Drilling a coinciding VLF and magnetic conductor, 65 meters
(213 feet) west of the nickel bearing sulfides and
chalcopyrite, in pyrite rich quartz veins at Cobalt Hill, which
is located 200 meters (656 feet) east of Jess Lake.
c) To further explore the Jess Lake Gold Deposit, which presently
extends to a depth of 270 meters (900 feet), by drilling an
exploratory drill hole to a depth of 610 meters (2000) feet.
2. Rathbun Lake Occurrence, Rathbun Township
To do a downhole geophysical probe of two drill holes in the vicinity of
the Rathbun Lake Occurrence, to detect any substantial concentration of
massive sulfides that may be present in the immediate area of the Rathbun
Lake Occurrences, to a depth of 328 meters (2500) feet.
The Rathbun Lake Occurrence is a small surface occurrence of massive
sulfides. In 1999, Inco took representative grab samples from the
Occurrence, with the following assays from 5 of the representative grab
samples.
<< .248 matrix 0.257% pit, rathbun june 6.40% .0256 block .011 palladium meter nipissing 5. 24, 2.18% 0.536% gabro 5% occurrence oz .065 sulfides .007 .005 township, 1.massive 4. .86 rx307821 xral dump rock 1999 laboratories, .517 copper .451 0.72% square 0.66% .11% rx307814-rock rx307823-small lake platinum gold rx307815 ontario nickel type .049 .048 1.29% rx307822-one 2.96% 2.33% shaft .0057 .211 rx307820-rock 22.83% 2. 0.322% mills, anomaly assays, disseminated wanapitei .038 0.356% 1.89 per rx307816-rock (3) at - .201 .086 gabbro .486 don 0.321% 3.massive 20% sedimentary .020 ton 25% .075>>
3. Boland Lake, Rathbun Township
Quartz gabbro, intersections of magnetite with visible blebs of
pyrrhotite and chalcopyrite. Downhole geophysical probe of 4 drill holes
in the quartz gabbro structure, to detect any substantial concentrations
of pyrrhotite and chalcopyrite bearing sulfides. |
