Flag Resources (1985) Limited Preparing To Drill For The Projected Mineralized Igneous Source Of Cobalt Hill Mineralization, Mackelcan Township, Wanapitei Anomaly, Sudbury, Ontario
CALGARY, June 24 /CNW/ - Studies have confirmed the presence of nickel
and copper mineralization in small inclusions in pyrite - rich quartz veins in
Lorrain quartzite, found along the east and west sides of a 400 foot wide
fault zone, by Cobalt Hill, which Flag has concluded is the likely place for
finding the mineralized igneous intrusion, suggested to be the source of the
Cobalt Hill mineralization.
Drill hole A81-3, drilled in 1981, at 60 degrees to the west, near the
southern tip of Jess Lake, is located on the western edge of the fault zone.
It intersected the chromium - rich fuchsite, beginning at 14.4 meters (47.32
feet), and traces of chalcopyrite and pyrrhotite in fractures at 29.3 meters
(94.55 feet). As chromium is a very inert element, it is suggested that its
source, projected to be, as suggested, a mineralized igneous intrusion, should
be close by.
Because of the shallow depth of the chromium - rich fuchsite and the
chalcopyrite and pyrrhotite mineralization, Flag is preparing to drill a
vertical drill hole, and an angle drill hole, to the east at 70 degrees, from
the same location as A81-3.
Flag notes that the mineralization in A81-3 was only assayed for gold and
not for nickel, copper or cobalt. It is the only drill hole, at Cobalt Hill,
which intersected any visible pyrrhotite in the drill core, and chromium-rich
fuchsite at such a shallow depth. |
