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Gold/Mining/Energy : Clear Creek Resources - CK/VSE

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To: Maple Leaf who wrote (87)	4/8/1998 4:06:00 PM
From: Natedog	Read Replies (1) of 150

Hi Maple Leaf, Porphyry systems and Diamond potential. Does it get any beter?... Clear Creek Resources Ltd - Indata drill program completed Clear Creek Resources Ltd CK Shares issued 3251001 1998-04-07 close $0.7 Wednesday Apr 8 1998 See Wildrose Resources Ltd (WRS) News Release Mr J.W. Morton reports A ten hole, 955m diamond drill program was completed during March 1998 at the Indata property approximately 130 km to the northwest of Fort St James by Clear Creek Resources. The Indata property consists of ten mineral claims totalling 139 units encompassing approximately 8500 acres (3450 hectares). Wildrose owns an 84.1% working interest in the Indata property with Imperial Metals holding the remaining 15.9% interest in the property. Terms of this option provide that Clear Creek makes payments totalling $180,000; issues 50,000 shares and completes exploration expenditures of $1.5 million before July 31 2000. The Indata property consists of a number of target areas for porphyry copper and vein related precious metal mineralization. The thrust of Clear Creek's work has been on a porphyry copper target first identified by Imperial Metals in 1985, the Albert Lake target. In that year hole I-85-1 intersected multiple zones of 0.10 to 0.22% copper over widths of up to 9m. Coincident with the 1985 drill program was the location of an angular boulder that, while never assayed, was described as being 25 cm by 35 cm in size and being 15% to 20% chalcopyrite and bornite. In 1995 Wildrose (then Eastfield Resources) completed an excavator trenching program in the vicinity of this 1985 hole. Results included 0.36% copper over 75m from mafic volcanics altered to an assemblage of quartz-amphibole and magnetite. In 1996 Clear Creek drilled hole 96-I-1 50m west of hole 85-I-1 at right angles to this trench. Hole 96-I-1 intersected 0.12% copper over a full length of 96.5m. Narrow diorite dykes and minor tourmaline alteration were observed for the first time. In 1998 Clear Creek completed several spurs to the road system over a 3km north-south section including a westward spur from hole 96-I-1. Hole 98-I-4 was then completed 120m west of 96-I-1. Hole 98-I-4 is the most successful hole to date, intersecting 0.20% copper over 145.2m (from 12.2m to 157.4m) including 0.37% copper over 24.1m from 133.3 to 157.4m. Mineralization in this hole is associated with swarms of silicified granodiorite to quartz monzonite dykes in an andesite host and occurs coincident with an increase in quartz-tourmaline and biotite alteration. Molybdenum, previously unknown on the property, occurs in this hole in concentrations up to 360 ppm. Hole 98-I-9 120m to the southwest of hole 98-I-4 and drilled in the opposite direction, intersected 0.18% copper over 58.3m. Holes 98-I-4 and 98-I-9 are the most westerly and the most successful holes yet completed in the Albert Lake target. The surface extent (plan) of porphyry copper mineralization identified by drilling and trenching now exceeds 200m by 300m. Holes 98-I-4 and 98-I-9 are on the extreme edge of soil and geophysical grids and indicate a westward direction of increasing alteration, intrusive dyking and copper mineralization. Wildrose believes it has an excellent chance of discovering an economic deposit if the porphyry system continues to strengthen in this direction. Clear Creek is currently reviewing the results of the March program.

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