NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: CROSS LAKE MINERALS LTD.
12(g) No. 82-2636
VSE SYMBOL: CRN
APRIL 21, 1998
Cross Lake Minerals: Copper Zone Extended in Night Hawk
Lake Drilling
VANCOUVER, BRITISH COLUMBIA--CROSS LAKE MINERALS LTD. (the
"Company") has been advised by Golden Knight Resources Inc. (the
"Operator"), of the highlights of a recently completed diamond
drilling program at the Night Hawk Lake project located 30
kilometres east of Timmins, Ontario. Five holes totalling 1,729
metres tested base and precious metal targets defined by
geophysics on the Sheraton Lake and Cross Lake Zones.
On the Cross Lake Zone, Hole SK98-24 intersected copper
mineralization approximately 350 metres below surface. A 13.5
metre intersection (between 344.0 and 357.5 metres) which graded 1
percent copper including 1.6 percent copper over 7.5 metres (348.5
to 356.0 metres), was hosted by chlorite altered cherty
exhalatives. The footwall zinc zone was intersected between 370
metres and 453 metres (83 metres) and contained highly anomalous
values, including 2.2 percent zinc over 1.5 metres. This hole
tested a deep anomaly defined by mise-a-la-masse and pulse EM
geophysics and is significant in that subsequent down-hole
geophysics suggests the edge of a potentially larger copper zone
has been intersected. Hole SK98-24 extended the strike length of
copper mineralization in the Cross Lake Zone to 700 metres, and
down-hole geophysics indicates further potential along strike and
at depth.
The four other holes tested extensions of the Sheraton Lake Zone,
as well as a new zone in Bond Township about two kilometres to the
north. All holes intersected geology favourable for massive
sulphide mineralization, as well as locally anomalous base metal
values. SK98-22 tested an induced polarization target located 1.5
kilometres to the southwest of previous drilling near Sheraton
Lake. This hole intersected 15 metres of semi-massive banded
pyrite at the argillite/felsic volcanic contact and indicates that
the favourable host rocks of the Sheraton Lake Zone continue
significantly further west than was previously known. In 1997
drilling on the Sheraton Lake Zone, copper and zinc mineralization
was identified in every hole of widely-spaced drilling over a
strike length of 1.1 kilometres. The Sheraton Lake Zone is open
along strike and at depth.
The Night Hawk Lake Joint Venture has approved a $410,000 program
consisting of additional down-hole and ground geophysics, data
interpretation and drilling on the Cross Lake, Sheraton Lake and
Bond Township Zones.
The Night Hawk Lake Joint Venture consists of the Company (16
percent), Golden Knight (60 percent), East West Resource
Corporation (16 percent), and Canadian Golden Dragon Resources
Ltd. (8 percent). Golden Knight is the operator.
A schematic longitudinal section is available by fax, upon
request.
ON BEHALF OF THE BOARD OF DIRECTORS
CROSS LAKE MINERALS LTD.
Erik Andersen
Vice President, Land
Note: A schematic longitudinal section is available by fax by
calling the phone number listed below. |
