CALGARY, Aug. 21 /CNW/ - Cobalt Hill is 650 feet southeast of Flag's Jess
Lake gold deposit in Mackelcan Township.
To further evaluate the gold bearing mineralization at Cobalt Hill, Flag
has completed three 200 feet deep angle drill holes, up to 100 feet east, west
and north, respectively, of the shaft sunk on sulfide mineralization, located
on the west side of Cobalt Hill.
Assaying of mineralization intersected in the drill holes should be
completed shortly.
Recent work for Flag has shown that pyrite rich quartz veins at Cobalt
Hill contain small inclusions of nickel-copper sulfide in the pyrite along
with fuchsite (chromium rich muscovite). It has been suggested that as
chromium is a very inert element, its source, and therefore the source of the
metals, should be close by.
Subsequently, Flag found fuchsite in drillholes along the east and west
boundaries of the north trending linear, between Cobalt Hill and Jess Lake,
including A81-3, on the west boundary of the linear at the southern tip of
Jess Lake.
Originally drilled for gold, A81-3 has become of interest for, in
addition to fuchsite; it intersected traces of pyrrhotite and chalcopyrite in
a fracture at the shallow depth of 96 feet, the only drillhole in Mackelcan
Township with physical evidence of pyrrhotite-chalcopyrite mineralization.
As 81-3 is within an area of surface exposures of sulfides and 100 feet
from a ground VLF conductor, outlined last winter in a ground geophysical
survey, Flag is drilling its fourth exploratory hole in the Cobalt Hill area.
This is a 60 degree angle hole from A81-3 southeast to intersect the
conductor.
Flag's prospector has reported sulfides overlaying parts of the
conductor. |
