Bob, I, for one would miss you input on this forum if you decide not to participate. None of us know everything there is to know about trading in small caps stock. This news release is typical of this business, sometimes its good and sometimes its bad. This news release is not all bad, they will continue drilling and the assay results are not in yet. I'm posting the news release so everyone can have a look at it. Everyone is welcome to give feedback on this subject
September 26, 1996
Mazatlan Property
PRIOR RESOURCES LTD. ("PQL-Y")
- Mazatlan Property
Dalton B. DuPasquier, President of Prior Resources Ltd. announces that the Trejo Project, a
500m by 1000m Gold geochemical surface anomaly, has defined a drill target for a bulk tonnage
Gold mine.
Ronald H. Tammekand, M.Sc. advises that the drill program was re-organized into 18 holes of
between 100 and 200 ft. in length. The first 14 of these holes have been completed to date and
the program will complete the designed preliminary program shortly with the 1996 drilling total of
over 2,000 feet. The program will cover a rectangular area of 350m by 400m with eight holes
around the old adit and the rest covering the southern and eastern extensions of the anomaly.
All holes have intersected the target tuffaceous breccia, which shows varying facies of coarse to
fine fragment size, a green to grey colour, a silicified and quartz grained matrix, significant
chloritic or propolytic alteration, significant quartz and calcite stockworking and important
amounts of disseminated pyrite. These features have been associated with the low level gold
geochemical anomaly at the surface.
The small 10 ft. intercepts of dyke material in the first two holes have not been found in the rest
of the holes.
The assay values from the drill core will reveal whether there is a possibility of economic
mineralization and whether there is a relationship between distinct parts and/or facies of the
breccia, structural features and the gold. A further program will be designed on compilation of
the assay values.
TEL: (604) 682-0410 Dalton B. DuPasquier, President
________
(c) Corporate Dissemination Services Inc. All rights reserved.
Tel:(604) 689-1101 Fax:(604) 689-1106
RapidFax (tm) - To get the NEWS as it happens, call 1-800-667-1617 |
