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Gold/Mining/Energy : Canadian Rocket Red's Picks -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Red who wrote (8741)9/14/2006 9:19:26 PM
From: Frankly Speaking  Read Replies (2) | Respond to of 19697
 
OK. I've gone back and re-read the press release. Can somebody tell me what is new in the release. Maybe I'm just not getting it....

SUTTER GOLD INTERSECTS THREE NEW ZONES IN FIRST FIVE CORE HOLES

Sutter Gold Mining Inc. has discovered three new mineralized zones, plus significant extensions to four shoots hosting previously reported indicated mineral resources.

Assay highlights were reported in Stockwatch on Aug. 31, 2006, for holes 163 through 167. Four of the first five holes targeted three known shoots within the 40 vein and 42 vein, with the intention of upgrading inferred resources to the indicated category. One of the first five holes (166) was unplanned and targeted the north strike extension of barren mineralization cut in the 31 vein (hole 163), which exhibited deformation of late porphyroblastic overgrowths, a feature which has proven to occur within approximately 10 metres of most oreshoots within the Comet veins.

The three new mineralized deposits are described as follows.

* The first new discovery lies within a 200-foot-long-by-300-foot-high area along the steeply eastward-dipping 20 vein between cross-sections 2200N and 2400N, identified in holes 164 (23.5 feet at 0.207 ounce per ton) and 165 (10 feet at 1.208 ounces per ton).
* The second new zone is located within a 500-foot-long-by-100-foot-high area in the 31 vein between cross-sections 2200N and 2600N, which has been cut in hole 166 (six feet at 0.275 ounce per ton) between previous holes 73 (five feet at 0.145 ounce per ton) and 141 (six feet at 1.616 ounces per ton).
* The third zone is an estimated 110-foot strike length of mineralization in the 26 vein, intersected in hole 166 (nine feet at 2.173 ounces per ton), which is untested at depth along a 700-foot unexplored strike length.