Completely missed this one. Looks pretty good, Bell extends Granduc mineralisation 520 m to the south from their phase 1 drilling, for a total of 770m added now south of the previously known Granduc Mine zone. Results from their A-train Cu-Ni-pgm prospect in Michigan should be out any day now.
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Thu Aug 17, 2006
Granduc Phase II Drilling Results: Further Extension of Mineralization
Vancouver, British Columbia: Bell Resources Corporation (the Company) is pleased to announce drillcore assays from the Phase II drill program on its Granduc Project northwest of Stewart, British Columbia. These new assays, taken together with the 2005 Phase I drilling results, demonstrate the extension of consistent thickness and grade for at least 770 meters (2500 feet) along strike to the south and extending at least 200 meters (650 feet) down dip from the historic mining at the Granduc.
In each of the drill intersections reported below, mineralization comprises poddy to banded chalcopyrite, pyrrhotite, magnetite, and minor pyrite. This style of mineralization is the same as the historic Granduc ore and the same as what was recently encountered at the newly discovered JK Zone. Historical mining at the Granduc over 16 years encompassed approximately 750 meters (2450 feet) of strike length (where a non NI43-101 historical resource remains) within what is now potentially 4 kilometres (2.5 miles) of north/south strike at the Granduc Project.
Highlights:
* Assays confirm that mineralization extends an additional 770 metres (2500 feet) along strike from the southern limits of historic mining at the Granduc.
* Drill intersections are typical of widths and metal grades of ore that were mined historically at the Granduc.
* Together with the recently announced discovery of the JK Zone, these drill intersections show potential strike length of the Granduc system in excess of 4 kilometers (2.5 miles).
Dr. Hardolph Wasteneys was Bell's project geologist for the Phase II drilling program. The objective of the program was to test the southward continuity of high grade copper mineralization that was intersected in the Company's fall 2005 drill program (see news release Dec 14 2005). The drilling along the strike of the Granduc system was conducted on stations roughly 300 meters (1000 feet) apart extending as far as 1000 meters (3300 feet) south of last fall's intersections. The following table summarizes the results of the program:
Hole From To Interval True Recov Cu Ag Au
(ft) (ft) (ft) Thick. % % gm/t gm/t
DDH2006-1 559 577 18 13 80 2.11 26.1 0.37
DDH2006-2 770 806 36 21 97 1.89 22.8 0.26
DDH2006-3 Pollux Target – No significant intercept
DDH2006-4 723 742 19 16 100 2.19 20.2* 0.19
DDH2006-5 1067 1080 13 10 60 2.08 28.4 0.14
DDH2006-5 1147 1163 16 14 82 1.84 26.8 0.29
DDH2006-6 Hole deflected, missed target
DDH2006-7 Hole deflected, missed target
*Does not include 3.3 foot interval that assayed 1140 gm/t Ag.
Recov % = length of core recovered divided by the length drilled from assay interval X 100
Diamond drillholes DDH2006-1 and DDH2006-2 were drilled into the South Zone target in a due East direction from a common pad situated in the center of the South Leduc Glacier. This site is located approximately 275 meters (900 feet) south of DDH2005-4, which Bell completed in the fall of 2005 and which cut 26 feet (true thickness) grading 2.57 % Cu, 6.7 ppm Ag, and 0.16 ppm Au (see Dec. 14, 2005 news release). DDH2006-1 was inclined 70° from the horizontal, and DDH2006-2 was inclined 88°.
Drillhole DDH2006-3 tested the Pollux target, an intense aeromagnetic anomaly located 2.4 kilometers (1.5 miles) northwest of the Granduc South Zone target tested by the other six drillholes. It was drilled in a Due East direction at an inclination of 45° from a pad near the terminus of the North Leduc Glacier. Large amounts of disseminated magnetite in a gabbro body cut at depths between 476 and 794 feet were adequate to explain the prominent aeromagnetic anomaly. The Company will not pursue this target further.
Drillhole DDH2006-4 was drilled into the South Zone target in a Due East direction from a pad situated on the southern edge of the South Leduc Glacier. This site is located approximately 530 meters (1740 feet) south of DDH2005-4. The hole was drilled at an inclination of 70° from the horizontal.
Drillhole DDH2006-5 tested the South Zone target along a Due East direction from a pad situated in the center of the South Leduc Glacier, approximately 180 meters (590 feet) west of drillholes DDH2006-1 and DDH2006-2. The hole was drilled at an inclination of 70° from the horizontal.
Diamond drillholes DDH2006-6 and DDH2006-7 tested the South Zone target along an easterly direction from a common pad on the south wall overlooking the South Leduc Glacier, perched 380 meters (1250 feet) higher than and 990 meters (3250 feet) south of DDH2005-4. Drillhole DDH2006-6 was drilled at an inclination of 51° from the horizontal and DDH2006-7 was drilled at an inclination of 58°. Both holes deflected severely and failed to penetrate the target area, though both encountered strong epidote alteration at their point of closest approach. The intended target of both of these holes was a high grade (+2.0% Cu) intercept cut in a 1961-vintage diamond drill hole. This high grade copper mineralization crops out on a cliff face in the South Zone target. Bell will retest this target with drilling as soon as logistics permit.
Current drillhole spacing remains too wide to confidently classify any of the reported mineralization as a mineral resource.
Assaying was done by Acme Analytical Laboratories of Vancouver, B.C. The geological data logging and sample collection process was overseen by Dr. Hardolph Wasteneys, consultant to the Company. Under a QA/QC program, one in four samples analyzed was a quality control sample, comprising field blanks, matrix-matched certified standards, duplicate core, duplicate pulps, and internal lab standards. Samples were kept in camp under the control of Dr. Wasteneys, and then shipped using tamper-proof chain-of-custody seals to the laboratory.
For the purposes of this news release, the Company's Vice President of Exploration, Timothy Marsh, P.E., PhD, is the Qualified Person.
About the Granduc
The Granduc project is a copper-rich magmatic volcanogenic massive sulphide (VMS-Besshi) deposit located 40 km northwest of Stewart in west-central British Columbia. Historically, the Granduc Mine produced copper, silver and gold between 1969 and 1983. Bell Resources is developing the Granduc toward potential production.
Bell Resources is focused on the exploration and development of a diversified portfolio of North American base metal projects with the most advanced being the past producing Granduc Mine. All projects will be advanced along a path toward potential production enabling Bell Resources to make the transition from explorer to producer.
On Behalf of the Board of Directors of
Bell Resources Corporation
"W. Glen Zinn"
W. Glen Zinn, CEO, President & Director |
