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Gold/Mining/Energy : Big Valley Resources (BV-ASE) -- Ignore unavailable to you. Want to Upgrade?

To: Spiney who wrote (198)	5/2/2001 8:35:37 AM
From: bcjt	Respond to of 231

Big Valley receives QR property airborne results Big Valley Resources Inc BV Shares issued 22,842,889 May 1 close $0.21 Wed 2 May 2001 News Release Mr. Art Thiessen reports Big Valley Resources has received results from a Digem V airborne geophysical survey completed by Fugro Airborne Surveys Corp. and Pacific Western Helicopters Ltd., covering the company's QR property located near Quesnel, B.C. The survey comprised 692 line kilometres using Digem V multicoil, multifrequency electromagnetic system supplemented by a high sensitivity cesium magnetometer. Two high priority targets favourably located adjacent to known orebodies have been identified. The survey area included zones of known mineralization and previously mined orebodies. The West and MidWest orebodies are characterized by weak multichannel in-phase and quadature EM anomalies whereas the Main zone is characterized by moderately strong, relatively discrete multichannel in-phase and quadrature EM anomalies. Significantly, all of the orebodies sit on the edge of MAG highs. Immediately to the south of the West zone orebody lies an anomaly very similar in character to the Main zone orebody. This anomaly is characterized by moderately strong, relatively discreet in-phase and quadrature EM responses situated on the edge of a strong MAG high. The immediate vicinity of this anomaly remains underexplored, and preliminary compilation suggests this high priority target has not been adequately drill tested. The second high priority target is located immediately south east of the Main zone and is characterized by the continuation of the strong magnetic feature interpreted to represent the diorite intrusive associated with all zones of mineralization that have been mined to date. The extension of this important intrusive beyond Wally's fault, combined with thickening of the basaltic epiclastic unit, which host known mineralization on the QR property, creates a permissive corridor for the continuation of the Main zone mineralization well beyond its currently known limits. Preliminary compilation suggests previous drilling in the vicinity of this important anomaly, known as the East zone extension, has only begun to test this important target. There are a number of other anomalies of interest identified in the survey, but consultants to the company have identified the East zone extension and the area immediately southwest of the West zone as having the greatest potential to immediately add to the existing resource on the QR property. (c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com