HUMONGOUS IS RIGHT, "The private placements have been going on with zest without the assays of BC10-3 out yet, but likely visible gold in it, so this is HUMONGOUS!"
Exall cuts 21.68 g/t gold over 11.11 m at Gold Eagle
2005-09-21 10:40 ET - News Release
Mr. Stephen Roman reports
EXALL RESOURCES LIMITED: 21.68 G/T OVER 11.11 M '0.63 OZS/T OVER 36.45 FEET' CUT BY DDH BC10-3 AT GOLD EAGLE MINE PROPERTY, RED LAKE, ON
Exall Resources Ltd. and Southern Star Resources Inc. have released the following results of the latest drilling from the Bruce Channel discovery on the Gold Eagle mine property, Red Lake, Ont.
BC 10-3, which intersects the mineralized system above BC 10-1, continues the program aimed at obtaining further information on the large gold-bearing area indicated by BC 10-1 and BC 10-2 (see news as reported in Stockwatch Aug. 29, 2005). The drill hole was collared off a wedge inserted in BC 10-2 at a depth of 1,134.50 metres. The final depth of this hole was 1,584 metres at a lateral distance from the bottom of BC 10-2 of approximately 150 metres.
The interval from 1,263.21 to 1,266.96 metres (3.75 metres) runs 0.46 gram per tonne. It is part of a brecciated chert unit noted from 1,257.60 to 1,268.32. When included with the other figures referred to above, the section from 1,257.21 to 1,268.32 runs 21.68 g/t over 11.11 metres (0.63 ounce per ton over 36.45 feet).
The significant results are as follows:
Intersection Length Gold Gold
From To Metres Feet g/t oz/t
(m) (m)
1217.00 1219.88 2.88 9.45 4.19 0.12
1257.21 1268.32 11.11 36.45 21.68 0.63
Incl 6.00 19.69 36.18 1.06
VG
Incl 0.42 1.38 190.77 5.564
VG
Incl 0.40 1.31 271.29 7.913
VG
1266.96 1268.32 1.36 4.46 16.20 0.47
Incl 0.69 2.26 30.99 0.904
1435.00 1435.80 0.80 2.62 4.49 0.13
1442.85 1444.70 1.85 6.07 2.43 0.07
1466.15 1467.56 1.41 4.63 27.07 0.79
Incl 0.71 2.33 52.45 1.53
1476.00 1481.13 5.13 16.83 1.40 0.04
1487.48 1493.08 5.60 18.37 3.41 0.10
1498.64 1501.60 2.96 9.71 32.74 0.95
VG
Incl 0.36 1.18 255.08 7.44
VG
Notes:
* VG -- visible gold
* Lengths reported are core intersection lengths and do not represent true widths. It is anticipated that true width estimates will be possible after additional drilling.
* Conversion -- g/t times 0.0292 equals troy ounce/short ton
A working stratigraphy is being developed across these zones of gold mineralization which is characterized by a sequence of metasediments with mafic volcanics. Several silicified sections with moderate to strong carbonate and biotitic alteration can be followed from BC 10-2 to BC 10-3. The area between BC 10-1 and BC 10-3 will require additional drilling to further define the structure.
Diamond drilling is continuing. A further hole infilling the area between BC 10-1 and BC 10-3 was abandoned due to problems with the drill rods. This hole has been restarted and is currently drilling. Results are expected during mid-October. A second drill rig will be added by the end of October to increase the productivity of the drill program. Drilling is expected to continue during the freeze-up period.
Qualified person
The Gold Eagle mine property drill program is being carried out under the direction of John F. Whitton, PGeo, the qualified person within the meaning of National Instrument 43-101. Mr. Whitton has reviewed the contents of this news release.
Sample preparation and assay procedures are carried out by SGS Laboratories in Red Lake using standard fire assay method with AA finish and metallic |
