CALGARY, March 30 /CNW/ - Flag recently announced three exploration
projects for its holdings in the Sudbury area mining camp. These were at Wolf
Lake and Cobalt Hill in Mackelcan Township and at the Exploratory Licence of
Occupation (ELO) in Rathbun Township.
At Wolf Lake, Flag is in preliminary discussions concerning a joint
venture to explore the unexplored coinciding gold-copper geochemical and VLF
electromagnetic anomalies, in the northern sector of Wolf Lake, on which four
target areas have been suggested. The anomalies adjoin the north edge of the
Wolf Lake gold-copper deposit.
A copy of the map showing zones of the Wolf Lake gold-copper deposit, the
size of the coinciding geochemical and electromagnetic anomalies and the
location of the target areas, is available upon request, by phone, fax, or
email. Phone: (403) 262-8883, Fax: (403) 262-8886, E-mail:
info@flagresources.com.
At Cobalt Hill deeper drilling is proposed to explore for the projected
igneous source of the nickel, copper and gold sulphides found in inclusions in
unique pyrite rich quartz veins, with chromium rich fuchsite, in
hydro-thermally altered Lorraine quartzite
At the ELO exploration of surface occurrences of gold in quartz veins and
of a mineralized gabbroic structure is proposed.
Flag's holdings are in the western sector of the Wanapitei Anomaly, the
adjoining regional and magnetic anomaly to the Sudbury Anomaly, with its many
nickel-copper and gold deposits. |
