Blackstone and Moneta complete two holes in Timmins district
Blackstone Resources Inc BZZ
Shares issued 10,985,501 Jan 6 close $0.13
Wed 6 Jan 99 News Release
Also Moneta Porcupine Mines Inc (ME)
Mr. Donald McInnes reports
Blackstone Resources and Moneta Porcupine Mines have completed a two hole,
730 metre diamond drill campaign on the Jamieson and Godfrey properties, 20
kilometres northwest of Timmins, Ontario. The property lies within the
Porcupine camp, in the prolific Abitibi Greenstone belt, which hosts
several current and past-producing base and precious metal mines. The
property is two kilometres east of the past-producing Kam Kotia mine (six
metric tonnes grading 1.09 per cent Cu, 1.03 per cent Zn, 3.5 g/t Ag) and
15 kilometres west of Falconbridge's giant Kidd Creek mine complex (160
metric tonnes grading 2.4 per cent Cu, 6.7 per cent Zn, 0.27 per cent Pb,
83 g/t Ag).
In southern Godfrey township, a 580 metre diamond drill hole has been
completed, targeted on a deep realsection IP chargeability anomaly
discovered by Moneta in 1997. The hole intersected a felsic volcanic
breccia sequence with minor interlayered graphitic argillite terminating in
andesite. Pyrite and pyrrhotite were found to occur disseminated in the
matrix of the breccia, and as clasts and rare veinlets. A down hole pulse
survey has also been completed.
Drilling results will be made available when received. |
