Here's some new news on the drill program at the Lew property in Manitoba.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Thunderwood Resources Inc.
Mr. John B. Heslop,
President
416-362-8730
E-mail at info@thunderwood.com
or visit our website at www.thunderwood.com/explore
or
Consolidated Abitibi Resources Ltd.
Dr. James W. Gill,
President
416-362-4699
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: THUNDERWOOD RESOURCES INC.
TSE SYMBOL: THS
OTC Bulletin Board SYMBOL: TWDRF
AND CONSOLIDATED ABITIBI RESOURCES LTD.
ME SYMBOL: CAQ
FEBRUARY 20, 1998
Thunderwood Resources Inc. and Consolidated Abitibi
Resources Ltd. High Grade Copper and Gold Mineralization
Intersected on the Lew Copper-Zinc-Gold Property in
Manitoba
TORONTO, ONTARIO--Thunderwood Resources Inc. and Consolidated
Abitibi Resources Ltd. announce that high grade copper and gold
mineralization has been intersected within two separate zones
during their on-going diamond drilling program on the Lew
volcanogenic copper-zinc-gold property which is located
approximately 20 kilometers east of Flin Flon, Manitoba.
Hole 98-LW-16 intersected 38.5 g/t Au and 49.8 g/t Ag over 10.0
feet from 37.5 to 47.5 feet and 5.4 percent Cu over 10.0 feet from
1488.0 to 1498.0 feet down the hole. Other significant
intersections from the current drill program include 1.9 percent
Cu over 4.0 feet and 4.8 percent Cu over 2.2 feet in 98-LW-12, 2.6
percent Cu over 4.8 feet in 98-LW-14 and 2.3 percent Cu over 2.5
feet and 1.2 percent Cu over 38.0 feet, including 2.6 percent Cu
over 6.0 feet, in 98-LW-16 (see attached table).
The high-grade gold mineralization is associated with minor
amounts of pyrite and chalcopyrite in quartz-carbonate veins that
occur within a sericitic quartz porphyry. No visible gold was
noted. The 10.0 foot interval comprises four individual samples
that have been re-assayed three times by fire assay with an atomic
absorption finish. The results have also been re-confirmed by
metallic sieve analysis. All of the copper mineralization
intersected during the current program, with the exception of a
narrow interval of massive sulphides in hole 98-LW-12, occurs as
stringers, with or without pyrite, within moderately to intensely
altered felsic volcanics. This style of copper mineralization
suggests that an extensive hydrothermal alteration zone exists on
the Lew property. Similar alteration zones containing copper
mineralization are often associated with gold-rich, massive
sulphide deposits in the Flin Flon camp.
The on-going drill program is designed to test the depth extent of
copper-gold mineralization known to occur south of Leo Lake, to
further evaluate the new gold mineralization discovered on the
property in the fall of 1997 and to test various IP and EM
geophysical conductors and zones of hydrothermal alteration that
were defined during 1997. Hole 98-LW-12 confirms that the copper
mineralization that assayed 4.2 percent Cu over 7.6 feet, 2.5
percent Cu over 9.8 feet and 2.7 percent Cu over 4.0 feet from
three prior holes at a vertical depth of between 50 and 200 feet
extends to a depth of 400 feet and is still open at depth and
along strike. Holes 98-LW-14 and 16 were targeted at the 1,000
foot level to follow-up an off-hole Pulse EM anomaly that was
identified in 1997 as follow-up to high grade copper
mineralization intersected in 98-LW-3 that assayed 2.3 percent Cu
over 67.0 feet, including 17.0 percent Cu, 2.0 percent Zn, 76.3
g/t Ag and 2.0 g/t Au over 3.2 feet and 8.4 percent Cu over 23.8
feet at an approximate depth of 475 feet. Hole 98-LW-17 is
currently in progress and has been collared to further evaluate
the depth potential of both the high grade gold and copper
mineralization intersected in 98-LW-16.
Upon completion of hole 98-LW-17, the Lew drill program will be
suspended for a period of two weeks so that the drill can be moved
to the Mystic Lake base metal property in Saskatchewan in order to
drill two previously untested airborne EM anomalies before lake
ice conditions deteriorate. These two anomalies occur
approximately 3 kilometers northeast, along trend from and in a
similar geological environment to, the past-producing Coronation
Mine that produced 1,280,000 tonnes grading 4.3 percent Cu, 0.3
percent Zn and 1.9 g/t Au. This drill will then be moved back to
the Lew property where it is anticipated that another hole to test
the high grade copper mineralization intersected in 98-LW-16 and
two or three short holes to further define the high grade gold
mineralization will be completed before break-up.
Thunderwood and Abitibi also announce that a $350,000 exploration
program consisting of 2,000 meters of diamond drilling in seven
holes, lithogeochemical sampling and downhole Pulse EM geophysical
surveys has commenced on the Bruce Morgan and Reed Lake
volcanogenic base metal properties which are located approximately
18 kilometers southwest of Snow Lake, Manitoba in the Snow Lake
volcanic belt. The Bruce Morgan property hosts the Morgan Lake
massive sulphide deposit which contains 200,000 tonnes grading 8.0
percent Zn. Two holes will test hydrothermal alteration zones
that occur along the Bruce Morgan horizon and two holes will test
undrilled airborne EM anomalies that occur in geology favourable
for the occurrence of massive sulphides elsewhere on the property.
Three holes are also planned for the Reed Lake property where
previous drilling in 14 holes has defined a hydrothermal
alteration zone containing abundant
garnet-chlorite-biotite-staurolite with minor copper-zinc
sulphides up to 62.0 feet thick over a strike length of 1,000 feet
and to a depth of 600 feet. The best intersection from previous
drilling was 0.3 percent Cu, 0.3 percent Zn, 10.3 g/t Ag and 0.9
g/t Au over 62.0 feet at a depth of 325 feet. Similar alteration
zones, also anomalous in precious metals, accompany the major base
metal deposits in the Snow Lake area and the possibility exists
that a massive sulphide deposit could be associated at depth with
such an alteration zone.
/T/
1998 LEW DIAMOND DRILLING PROGRAM
SIGNIFICANT INTERSECTIONS
Core
Hole Grid Az Dip Interval Length Cu Ag Au
# Loca- (degree)(degree) (ft) (ft) (per- (g/t) (g/t)
tion cent)
(ft)
98-LW-8 20+00N/ 125 -50 311.4-312.4 1.0 1.7
155+50E
98-LW-10 17+00N/ 125 -50 387.0-388.0 1.0 2.0
155+40E
98-LW-11 17+00N/ 035 -50 375.0-378.0 3.0 1.3
159+50E
497.0-499.5 2.5 1.3
821.0-828.5 7.5 1.1
1003.5-1006.2 2.7 1.3
98-LW-12 14+50N/ 125 -50 93.0-97.0 4.0
156+00E (xx)514.3-516.5 2.2 4.8 10.0 0.4
98-LW-14 19+25N/ 125 -60 441.0-444.0 3.0 1.0
152+00E 1208.1-1212.9 4.8 2.6 2.8 0.4
98-LW-15 44+00N/ 170 -60 853.0-856.0 3.0 21.0 1.2
148+00 931.8-932.8 1.0 3.2 2.5
98-LW-16 20+15N/ 125 -60 37.4-47.5 10.0 49.8 38.5
152+90E 74.5-79.5 5.0 1.3 1.2
247.3-258.0 10.7 1.7 1.1
1242.5-1245.0 2.5 2.3
1271.0-1309.0 38.0 1.2
(x)1291.0-1297.0 6.0 2.9
1488.0-1498.0 10.0 5.4 5.0 0.7
(x) including
(xx) massive sulphides
/T/
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