NOTE: Winzer inserted the latest DD hole info in DD#7 in the SS#7 (previously reported)summary.
Makes for a nice drill hole?
Exall releases Gold Eagle drill results
2003-12-02 17:56 ET - News Release
See News Release (C-EXL) Exall Resources Ltd
Mr. Stephen Roman of Exall reports
EXALL RESOURCES LIMITED: ADDITIONAL HIGH GRADE AT SS#7
Exall Resources and Southern Star Resources have released the remaining assay results of the Discovery zone in hole SS-7 of the phase II drill program on the Gold Eagle mine property, Red Lake, Ont.
Hole From To Length Au
(ft) (ft) (ft) (oz/t)
SS-7 925.51 928.89 3.38 0.520
As previously reported
SS-7 531.5 534.0 2.5 0.573
701.2 703.4 2.2 0.171
817.6 820.0 2.4 0.582
(WinzerInsert) 925.5 928.9 3.4 0.520
1586.5 1589.1 2.6 9.232
SS-2 947.3 952.2 4.9 0.297
incl 948.9 950.2 1.3 0.825
Drill hole SS-7 has encountered high-grade zones over a core length in excess of 1,000 feet. Drill hole SS-7 was drilled to a depth of 2,132 feet (650 metres) from the same collar as SS-2. SS-2 was drilled to 1,033 feet (315 metres) and Southern Star has just finished deepening hole SS-2 to a depth of 2,457 feet (749 metres) and assays are pending.
Assays are also pending on SS-6, SS-8 and SS-9 and will be released upon the receipt of those complete results.
Southern Star intends to commence a multirig, 55,000-foot drill program at the property in January, 2004, to:
follow up on the Discovery zone (SS-2 and SS-7);
explore the Cochenour Willans mine down dip extension;
follow up on the 1946 zone (SS-1); and
follow up on the Wilmar mine extension (SS-4 and SS-5).
The Gold Eagle mine property consists of 35 patented claims totalling 726.1 hectares (1,793.5 acres) in the heart of the prolific Red Lake gold camp. The Gold Eagle mine produced approximately 40,000 ounces of gold from 1937 to 1941. Since operations ceased, no significant exploration program has been undertaken on the property. With successful former producing mines on two sides of the property, the claims are exceptionally well located. There are no royalties on the subject property.
Sample preparation and assay procedures are carried out by SGS Laboratories in Red Lake. For more detailed information on these procedures please refer to Southern Star's annual information form dated Nov. 25, 2003. Dr. James M. Patterson, PhD, PGeo, DIC, is the qualified person within the meaning of National Instrument 43-101 and has reviewed the exploration results contained in this news release.
WARNING: The company relies upon litigation protection for "forward-looking" statements. |
