Canagau drill results
Mountain Lake Resources Inc
MOA
Shares issued 11140937
1997-10-15 close $0.46
Monday Oct 20 1997
Mr Allen Sheito reports
Noranda Mining and Exploration Inc has informed the company
that it is pleased with the drill results achieved to date and intend
to continue exploration of the Canagau property. Currently, a
work program is being developed and will be implemented in early
1998 when the ground is frost-free.
Two deep holes totalling 1,582.5 metres were drilled on the
property in Ben Nevis township, 75km northwest of
Rouyn-Noranda.
DDH Can-97-01, drilled vertically to a depth of 960 metres to test
the Ehrhart showing revealed strong Na2O depletion throughout
the drill hole and intersected chlorite altered volcanics with a
prominent sulphide content (5-30% pyrite, sphalerite, chalcopyrite
and galena). At a depth of 730m, an alteration zone was
intersected over a distance of 107m and returned grades of 0.55%
zinc, 0.05 copper and 7.3 g/t silver for this interval. This included
1.42% zinc over 11.75 metres and 5.35% zinc, 0.10% copper,
33.7 g/t silver, and 0.6 g/t gold over 0.15m. This mineralized zone
can be interpreted as being within a halo associated with a much
larger VMS system.
DDH Can-97-02, drilled vertically to a depth of 622.5m to test the
Canagau showing, intersected an altered sericite/chlorite and
mineralized felsic breccia unit, which yielded assay results
grading 0.62% zinc over 11m. Quartz carbonate veins were
intersected in both holes with values up to 4 g/t gold over narrow
widths. |
