Flag Resources Exploration At Campsite Zone and Cobalt Hill, Mackelcan Township, Wanapitei Anomaly, Sudbury, Ontario
CALGARY, Nov. 15 /CNW/ - The following assay results have been received
from two 200 foot-deep drill holes drilled recently, by Flag Resources, in the
Campsite gold-copper zone, at Wolf Lake, Mackelcan Township, Wanapitei
Anomaly, Sudbury, Ontario.
Drill hole WL 10-006, drilled in a southwest direction, at 75 degrees,
from WL83-28, intersected 39 feet of 6.71 grams (0.196 oz) gold per ton and
0.71% copper, from 99 to 138 feet, including 4 feet of 4.33% copper, from 134
to 138 feet.
Drill hole 11-006, 45 feet southwest of WL83-28, drilled due east at 80
degrees, intersected 80 feet of 1.97 grams (0.056 oz) gold per ton and 0.65%
copper, including 20 feet of 2.91 grams (0.085 oz) gold per ton and 0.70%
copper from 134 to 154 feet.
As the intense fracturing of the ground, in the area of the Campsite
gold-copper zone, may have provided channel ways for mineralization to migrate
from an underlying source, Flag proposes exploratory drilling to a depth of
1500 feet, to explore for the suggested underlying source, early in 2007.
Also in Mackelcan Township, Flag says results from studies of Cobalt Hill
mineralization have been the cause of the present considerable interest in
drill hole A81-3, drilled in 1981, by the southeast side of Jess Lake. It is
now known that A81-3 is within the Cobalt Hill structure, located on its
southwest boundary.
The Cobalt Hill structure, located 3600 feet south of Wolf Lake, extends
north to south for 1400 feet and east to west for 600 feet.
The studies and analysis of Cobalt Hill's mineralization, by Dr. Eva
Shandl, between 2001 and 2003, confirmed the presence of minute inclusions of
nickel-copper bearing sulfides in pyrite at Cobalt Hill. With the presence
also of chromium (chromium muscovite) along with the sulfides suggested the
source of both to be a nearby igneous intrusive source, as chromium is a very
inert element not moving far from its source. Due to the amount of chromium
present, suggested that the source was a mafic or ultra-mafic intrusion.
Drill hole A81-3 became of special significance, not only because it
contains chromium (originally called bright green mineral) and the
nickel-copper bearing sulfide inclusions in pyrite, but because it is the only
drill hole in the Cobalt Hill structure that contains traces of visible
pyrrhotite and chalcopyrite, on fractures in chromian mica.
Flag says it is a reasonable assumption that the pyrrhotite and
chalcopyrite could have migrated in, deep-seated fractures, from an underlying
intrusion.
Flag is therefore giving priority to drilling a 1000 to 1500 foot deep
vertical drill, directly adjoining A81-3, probing for the suspected mafic or
ultramafic intrusion. Successful results from the drill hole would be a
significant step forward towards assessing the economical potential of the
large Cobalt Hill structure.
Flag's Leave to Appeal application, in regard to sanctions by the TSX
Venture Exchange, has been filed with the Supreme Court of Canada.
Reviewed by the P.A.R Brown, Consulting Geologist, North Bay, Ontario |
