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Gold/Mining/Energy : News that catches your eye
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To: John Fairchild who wrote (1)5/19/1998 12:14:00 PM
From: chevalier  Read Replies (1) of 148
 
Very impresses drill results for MSR:

rilling results from Cerro Blanco, Guatemala

Mar-West Resources Ltd MSR
Shares issued 16,600,000 May 15 close $1.20
Tue 19 May 98 News Release
Mr. Simon Ridgway reports
Mar-West Resources has released the initial drill results from the 100 per
cent owned Cerro Blanco project in Southeast Guatemala. Drilling commenced
on April 17, and to date, five holes have been completed.
Results have been received for drill holes CB-1 and CB-2 and are tabled
below. Both holes cut a wide interval of gold mineralization associated
with a large breccia diatreme system. The mineralization has been traced on
surface for a distance of three kilometres and is associated with a thick
sequence of hot spring sinter and breccia bodies.
Holes 1 and 2 were collared on section line 7100N and both terminated in
strong gold mineralization. The width of the zone is unknown but is a
minimum of 100 metres wide. A thin veneer of younger rock masks the
mineralization and makes the size of the zone difficult to determine. The
IP geophysics indicate the main target could be up to 300 metres wide.

Gold
Hole From To Length grade
No. (m) (m) (m) (g/t)

CB-1 25.9 99.1 73.2 0.75

CB-2 21.3 132.6 111.3 1.48

Including 82.3 132.6 50.3 2.57

The distribution of the gold is uniform within the mineralized zones and
the average grades reported are not related to narrow zones of high grade.
As noted above, the gold grades in CB-2 increase with depth indicating the
zone is open in all directions.
Drilling is being conducted with a reverse circulation drill. All holes to
date have been drilled without encountering water and thus have a
negligible chance of down hole contamination. Samples are collected every
five feet down the hole and are shipped from the project to a sample
preparation laboratory operated by TSL Laboratories in Tegucigalpa,
Honduras. After preparation, the samples are split and shipped to a TSL
facility in Saskatoon, Canada for standard fire assay with a gravimetric
finish. All of CB-2 has been shipped to a second lab in Canada for
confirmation assay and those results will be available shortly.
Management at Mar-West feels the Cerro Blanco is a significant discovery
and clearly demonstrates the gold potential of the volcanic belt of
Southern Guatemala.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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