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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (129063)	2/27/2004 1:41:10 PM
From: Rocket Red	Respond to of 150070

MSK Gold numbers pretty F impressive Called company 2 more holes set to be released SOON like next week Mr. Tom Corcoran reports GOLD MINERALIZATION ENCOUNTERED IN MUSKOX MINERAL CORPORATION'S INITIAL DRILLING ON THE YELLOW JACKET PROPERTY Muskox Minerals has released preliminary analytical results from its initial two-hole drilling program on its Atlin project, northwestern British Columbia. The two exploratory holes were drilled to test a section of the Pine Creek fault zone identified in a review of previous exploration data. The initial results confirm the presence of rich gold mineralization within the bedrocks. Visual examination of the cores has revealed a number of intervals with coarse-grained visible native gold. The locations and details of the two holes are: Total Hole No. depth Dip Azimuth (feet) (deg.) (deg.) YJ-03-01 243 -58 178 YJ-03-02 257 -60 358 Significant preliminary analytical results from the two holes YJ 03-01 and YJ 03-02 include: DDH No. YJ-03-01 Gold Gold Depth Depth (Au) (Au) From To gram/ oz/ (ft) (ft) tonne ton 45' 9" 47' 199.7 5.82 47' 48' 5" 5724.0 166.95 48' 5" 49' 10" 620.1 18.09 49' 10" 51' 3" 5.47 0.16 51' 3" 52' 8" 0.75 0.02 52' 8" 54' 1" 11.44 0.33 54' 1" 55' 6" 0.35 0.01 55' 6" 57' 1.00 0.03 57' 58' 28.55 0.83 58' 59' 27.39 0.80 59' 60' 3.33 0.10 60' 61' 8.23 0.24 61' 62' 9.27 0.27 62' 63' 3.49 0.10 63' 64' 6.26 0.18 72' 73' 13.72 0.40 73' 74' 46.64 1.36 74' 75' 3.07 0.09 75' 76' trace trace 77' 78' 5.53 0.16 78' 79' 1.51 0.04 79' 80' 2.25 0.07 80' 81' 0.54 0.02 81' 82' 0.24 0.01 82' 83' 7.60 0.22 83' 84' 0.31 0.01 84' 85' 2.96 0.09 85' 86' 30.63 0.89 86' 87' 178.20 5.20 87' 88' 22.81 0.67 118' 119' 2.42 0.07 119' 120' 158.66 4.63 120' 121' 2.03 0.06 121' 122' 38.75 1.13 122' 123' 9.19 0.27 123' 124' 13.65 0.40 124' 125' 1.21 0.04 125' 126' 0.36 0.01 126' 127' 22.41 0.65 127' 128' 99.43 2.90 141' 142' 120.86 3.53 142' 143' 57.06 1.66 143' 144' 51.41 1.50 144' 145' 2.17 0.06 DDH No. YJ-03-02 Gold Gold Depth Depth (Au) (Au) From To gram/ oz/ (ft) (ft) tonne ton 164' 165' 1.36 0.04 165' 166' 4.68 0.14 211' 212' 0.69 0.02 212' 213' 1.00 0.03 232' 233' 2.78 0.08 233' 234' 0.22 0.01 The most significant gold-bearing intersections were encountered in drill hole YJ-03-01 and are as follows: From To Inter- Inter- (ft) (ft) section section 45.75' 64.0' 18.25' 5.56 m 72.0' 75.0' 3.0' 0.91 m 82.0' 87.0' 5.0' 1.52 m 118.0' 128.0' 10.0' 3.05 m 141.0' 145.0' 4.0' 1.22 m From To Au Au (ft) (ft) (g/t) (oz/ton) 45.75' 64.0' 513.50 14.98 72.0' 75.0' 21.06 0.61 82.0' 87.0' 40.42 1.18 118.0' 128.0' 34.81 1.02 141.0' 145.0' 57.88 1.69 Observations The first two holes drilled on the Yellow Jacket property have tested a small domain of the Pine Creek fault zone and have revealed a clear potential for bonanza-style gold deposits along the zone. The results of drill hole YJ-03-01, sampled on one-foot intervals, illustrate the nugget effect anticipated in such deposits. No cutoff grades were applied in this case, as there are insufficient data to justify the establishment of a cutoff grade at this preliminary exploration stage. Drill hole YJ-03-02 was collared at some distance (70 metres southwest) from hole YJ-03-01, and was intended to test a potential target in a separate and different sector of the fault zone. The president of Muskox Minerals, Dr. Roger Morton, observed: "Our initial investigation of the Yellow Jacket system has yielded new and highly encouraging data. Now that we have a clearer idea of the bonanza-style gold mineralization our continuing program of six more drill holes will progress on a surer footing." Background The Atlin project is seeking gold within geologic environments similar to those hosting rich gold deposits such as those in the Motherlode district of California and in the prolific Bralorne mine area of Southern British Columbia. Gold in these areas is associated with the listwanitic (carbonate-quartz-mariposite) alteration of ultramafic ophiolitic rocks. The association of listwanitic rocks with the placer gold deposits of the Atlin area resulted in exploration of the area from 1987 to 1989 by Homestake Minerals Corporation. During this earlier program, subsurface gold mineralization was encountered in association with a wide, 070-degree-trending fault zone which underlies a prolific placer gold deposit. The fault zone (the Pine Creek fault) was drill tested on a cursory scale along several kilometres. A review and statistical analysis of Homestake's data have identified a section of this fault with higher gold potentials. The previous Homestake drilling encountered gold in the fault zone from near surface to depths of 100 metres and along some 230 metres of strike. Muskox's initial drilling (reported herein) confirms the auriferous potential of this particular portion of the Pine Creek fault, now referred to as the Main zone. Gold is hosted across the 50-metre width of the fault zone in association with the listwanitic alteration. Further drilling is now under way to explore an initial 100-metre section of the fault zone from three 50-metre-spaced drill setups, each with a 45-degree and 60-degree fence of holes. Current objectives Muskox's objectives are to systemically drill, analyze and test the Main zone with the goal of establishing a gold resource and to explore areas beyond this zone. An airborne geophysical survey will be used to further define targets in this new program. Qualified person/analytical resources Dr. Roger Morton, PGeol (Alberta), a director and officer of the corporation, is the company's qualified person responsible for monitoring the supervision and quality control of the exploration completed on the Atlin project. The diamond drilling was conducted using NQ diameter coring. All core was sampled under the supervision of Dr. Morton and sent for analysis at Loring Laboratories of Calgary, Alta. Samples were prepared for analysis by jaw crushing material to greater than 90 per cent passing 10 mesh and homogenized thoroughly. A coarse-gold procedure was used on the majority of the samples, which involved normalization of the fire assays of both the plus-I5O mesh and minus-I5O mesh screened fraction postpulverization. Fire assays of both fractions were completed using standard fire assay procedures. (c) Copyright 2004 Canjex Publishing Ltd. stockwatch.com old url (better for printing)