I have no clue!!!!! I tried calling but nobody home on a Saturday...
This is their last NR that I could find so maybe something more in Gowganda...that would mean your closer to the source than I.
ORG 1998-03-12 (provided courtesy of ISDN Wire Service)
OROGRANDE RESOURCES INC. - GOWGANDA AREA - IRELAND
PROJECT: GOLD ASSAY OF 10.9 G/TONNE FOUND IN DDH
RE-SAMPLING
CALGARY, ALBERTA--
The Company announces the completion of the first phase of exploration in our
64 continous claims located in North Williams Township near Gowganda, north
central Ontario. Partial results from new trench sampling and drill core
re-sampling shows that the quartz sandstone and quartz pebble conglomerates
of the Upper Lorrain Formation within our property carries gold values as
high as 10.9 grams/tonne (re-split re-assay: 8.37 grams /tonne) over 0.59
meters of drill core. Assay values reported to date are:
From To Width Gold Assay Re-split Assay
(m) (m) (m) (g/t) (g/t)
DDH 3103: 36.41 37.00 0.59 10.9 8.37
37.00 37.70 0.70 1.05 0.62
PREVIOUS 36.00 37.84 1.84 1,375ppb's
DDH 3101 25.32 26.07 0.75 1.95 3.94
Trench samples taken no more than two meters below surface have shown the
presence of a similar horizon that has returned gold values of 940 ppb's
(re-split assay 0.48 g/t), 620 ppb's (0.55 g/t), 700 ppb's (0.79 g/t) and
1045 ppb's (0.96 g/t). Our sampling shows spatially related and/or coincident
arsenic (to 910 ppm's), copper (to 2,740 ppm's = 0.27%), barium (to 3,500
ppm's), cobalt (to 765 ppm's), and molybdenum (to 280 ppm's) values. Induced
polarization chargeability survey carried out by previous workers defined a
coincident anomaly that is 400 meters wide by 2,000 meters long, open in all
directions. This target was first highlighted by the Ontario Geological
Survey as having a high potential for hosting sedimentary copper deposits.
However, the high gold values reported above and the associated geochemistry
and alteration indicates the presence of a large hydrothermal system which
may host a copper and/or gold deposit in the area.
DISPUTE SETTLEMENTS
The Company has reached settlement agreements with respect to claims against
the Corporation by Nebex Resources Inc and Dr. John Todd. To satisfy its
obligations under these agreements, the Corporation will, subject to
regulatory approval, issue an aggregate of 106,000 common shares and 106,000
share purchase warrants, each warrant entitling the holder to purchase one
common share at a price of $0.19 for a period of two years.
For further information, please contact Guillermo Salazar S., President
(403-233-2964) or Mr. J. David Mason, Chairman (888-442-8436 or 416-777-2007)
The Alberta Stock Exchange has neither approved nor disapproved of the
information contained herein.
|
