Mr metals
I couldn't have said it any better myself
Did you see this news-
LATITUDE MINERALS CORP.
SUITE 612, 475 HOWE STREET, VANCOUVER, BC. V6C 2B3
Tel: (604) 688-2010; Fax: (604) 688-2015; Toll-free: I 800 668-0071
e-mail: mineral @ mineweb-com
trading symbol: LTU.V
COLD CREEK GOLD DEPOSIT ACQUIRED
VANCOUVER, BC, October 29, 1998: Latitude Minerals Corp. (LTU.V) has
entered into agreements to acquire a 100% interest in the Cold Creek
Gold Deposit in Cassia County, Idaho. The property is an intermediate-stage epithermal hot spring exploration target with a
50,000 ounce open-ended gold resource.
Located close to the Nevada border, it is 4 miles north of the Company's Blue Hill Creek Gold Deposit. Gold mineralization at Cold Creek was originally discovered in 1985. Mineralization is at the northern end of a larger north-trending, 5 mile-long by 1-mile wide belt of precious metals occurrences along the western margin of the Albion metamorphic core complex which constitutes district scale potential. The mineralized zone at Cold Creek is at least 5,000 feet long, and up to 1,000 feet wide containing surface gold values to 0.060 opt.
A total of 9,205 feet in thirty-eight reverse circulation drill holes
were placed in earlier drilling between 1985 and 1988 to partially test the Tertiary-hosted target. Results of this drilling define a 50,000 ounce gold resource which is clearly open in every direction laterally. Fifteen of the holes encountered significant intercepts of near-surface gold mineralization as well as extensive zones of silicification. These results confirm the presence of minable thickness' of near-surface, potentially ore-grade, bulk tonnage, open-pittable material in the known resource area as well as the potential for additional mineralization along the open-ended, lateral extensions of the deposit.
The acquisition is subject to regulatory approval and calls for the
issue of 100,000 common shares to Mitchell L. Bernardi. A finders fee
of 10,000 common shares is also payable to Scott Wilding.
On Behalf of the Board of Directors,
LATITUDE MINERALS CORP.
"John,R- Carden"
John R. Carden
President
THE VANCOUVER STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE INFORMATION CONTAINED HEREIN |
