Okak Bay activities; drilling under way at Harp Lake 2 projectÿÿÿÿÿÿÿÿÿÿÿÿ
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Gallery Resources Limitedÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ GYR
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Wed 26 Nov 97ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ News Release
Mr Bruce Costerd reports
Gallery's exploration programs at the Okak Bay and Harp Lake 2ÿ properties,
areÿ progressingÿ despiteÿ someÿ interruptionsÿ due to equipment breakdowns
earlier this month.
A field crew from Lamontagne Geophysics ofÿ Kingston,ÿ Ontarioÿ arrivedÿ at
Okakÿ Bayÿ earlierÿ thisÿ month to carry out an EM borehole survey of drill
hole OK-M1 down to a depth of 4,915 ft. An electricalÿ malfunctionÿ inÿ the
geophysicsÿ equipment which disrupted the survey has now been corrected. Mr
Vic French,ÿ projectÿ geologistÿ isÿ confidentÿ thatÿ theÿ surveyÿ willÿ be
completed this week.
The company is proceeding with this down hole surveyÿ toÿ determineÿ whyÿ a
deepÿÿ electricalÿ conductor,ÿ outlinedÿ duringÿ aÿ magnetotelluricÿ survey
completed earlier this season by Phoenix Geophysicsÿ ofÿ Toronto,ÿ Ontario,
has not been intersected. This survey had outlined two conductive layers, a
shallow, weak conductor shown to be stacked over aÿ deeper,ÿ muchÿ stronger
conductor.ÿÿ Theÿÿ firstÿÿ hole,ÿ OK-M1,ÿ intersectedÿ 205ÿ ftÿ ofÿ heavily
disseminated copper, gold, silver, nickel, cobaltÿ enrichedÿ mineralization
(seeÿ newsÿ in Stockwatch November 6 1997) corresponding to the location of
the shallow conductor, but failed to intersect the deeper conductor.
The report of theÿ finalÿ resultsÿ ofÿ theÿ downÿ holeÿ EMÿ survey,ÿ toÿ be
interpretedÿ byÿ Lamontagne,ÿ willÿ beÿ made available when received by the
company. Bruce Costerd, president and CEO, feels that the results from this
surveyÿ willÿ helpÿ determineÿ future drilling activities. To expedite this
program the drill contractor, Lantech Drilling ofÿ Dieppe,ÿ Newÿ Brunswick,
hasÿ agreedÿ to store its Boyles 56 drill rig on the property to resume the
drilling program in the spring of 1998.
Due to more favourable weather conditions the company has decided toÿ focus
theÿ remainderÿ ofÿ this season's drill efforts at its Harp Lake 2 property
currently under way in central Labrador, 160 miles south of Okak Bay.
The company's short hole drilling program at the Harpÿ Lakeÿ 2ÿ projectÿ is
underÿ wayÿ andÿ progressingÿ favourably.ÿ The first two holes of the drill
program designed to test the area of aÿ shallow,ÿ strongÿ HLEMÿ (horizontal
loop electromagnetic) conductor has been completed.
Project geologist, Victor French, says that althoughÿ significantÿ sulphide
mineralizationÿ wasÿ notÿ intersected,ÿ bothÿ holes have intersected highly
alteredÿ sectionsÿ ofÿ gabbroÿ andÿÿ anorthositeÿÿ conduciveÿÿ toÿÿ hosting
nickel-copper rich deposits.
In a recent development on Tuesday afternoon Mr French advised theÿ company
thatÿ a third hole presently being drilled has intersected, in the first 80
ftÿÿ ofÿÿ core,ÿÿ disseminatedÿÿ chalcopyrite,ÿÿ pyrrhotite,ÿÿÿ pentlandite
mineralizationÿ onÿ the gossan zone. The drill hole is set up on the gossan
zone which fringes the west side of theÿ conductor.ÿ Heÿ isÿ encouragedÿ by
theseÿ latestÿ resultsÿ andÿ isÿ confidentÿ thatÿ continuedÿ drillingÿ will
intersect the source of this conductor. He emphasizesÿ thatÿ thisÿ classÿ A
typeÿ anomalyÿ isÿ a highly prospective target and anticipates that further
drilling will produce positive results. Drill core will be sentÿ forÿ assay
as drilling continues.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com |
