A walk down memory lane tonight and take a look at some assays their compiling in the office for June publication. WOW!
Flag Resources (1985) Limited
Assay Results
Campsite Zone, Wolf Lake
Mackelcan Township
Wanapitei Anomaly
Sudbury, Ontario
Canada
April 2, 1997
Flag has received assay results from 5 drill holes completed in the Campsite Zone, Wolf Lake, Mackelcan Township, from Swastika (Located at Swastika, Ontario, Canada) Laboratories (established 1928).
Drill hole WL97-7 (previously announced) intersected 44.5 feet of 4 grams (.118 ounces of gold) and 2.12 percent copper, per ton, from 142.8 to 187.3 feet. Also intersected was 3 feet of 2.3 grams (.066 ounces of gold), from 132.8 to 135.8 feet and 10 feet of 1.79 percent copper, per ton, from 132.8 to 142.8 feet.
Drill hole WL97-8, 25 feet southwest of WL97-7, intersected 66.6 feet of 6 grams (.175 ounces) of gold and .525 percent copper, per ton, from 101.8 to 168.6 feet, including 49 feet of 7.6 grams (.224 ounces of gold) and .422 percent copper per ton, from 119.4 to 168.6 feet.
WL97-9, drilled east of WL83-28, did not intersect any economic mineralization.
WL97-10, 38 feet northeast of WL97-8, intersected 45.4 feet of 3.9 grams (.115 ounces of gold) and 2.19 percent copper per ton, from 154.2 to 199.6 feet.
WL97-11, 25 feet south of WL97-10, intersected 29.5 feet of 7.8 grams (.228 ounces of gold) and .865 percent copper, per ton, from 141.2 to 170.7 feet, including 5 feet of 29 grams (.839 ounces of gold per ton), from 141.2 to 146.2 feet.
These initial 1997 drill holes were drilled in the central area of the Campsite Zone.
The Campsite, and other Wolf Lake gold-copper bearing sulfide zones, are located in a 1000 foot long structure, along the west shoreline of the lake. Substantial widths of good grade gold and copper bearing sulfides have been intersected in each zone.
Prior to making any preliminary estimate of gold and copper reserves, Flag is completing a large program of closely spaced vertical drill holes, to more fully delineate the near surface 1000 foot long structure.
Once the snow leaves, Flag will be examining, in detail, the large hill, which adjoins to the west, the Wolf Lake gold-copper zones. The hill has a large surface exposure of Sudbury Breccia with Sudbury Breccia being associated with the Wolf Lake gold-copper zones.
In Wolf Lake itself, intermittent gold and copper values have been intersected, in drill holes, over a wide area of the lake.
Flag is considering a recommendation to test the mineralization at depth, by drilling a 3000 to 3500 foot deep drill hole. The proposed drill hole could also probe for an igneous intrusion (the host rock to Sudbury's nickel-copper deposits), as Wolf Lake is in close proximity to the western magnetic peak of the Wanapitei Anomaly.
Flag proposes to complete up to 8000 feet of drilling, on its base metal prospects in northwest McNish and southwest MacBeth townships, 11 miles east of Mackelcan Township.
Flag's nickel-copper prospect, in Rathbun Township, has been optioned to associated Golden Briar Mines Limited (M.S.E.) who can earn a 50% interest by the expenditure of $400,000.00.
In its holdings in Kelly and McCarthy Townships, Flag proposes to complete initial exploratory programs of geological mapping.
Flag holds 70,000 acres in these adjoining six townships, in the western sector of the Wanapitei Anomaly, which is the adjoining twin magnetic and gravity anomaly to the Sudbury Anomaly, the world's largest nickel producer, along with copper, cobalt and platinum group minerals.
Flag's consulting geologist is Peter Giblin, recently retired from the Ontario Ministry of Northern Development and Mines, and a recognized authority on the Sudbury Anomaly and Sudbury geology. |
