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Gold/Mining/Energy : Chapleau Resources :VSE>CHI -- Ignore unavailable to you. Want to Upgrade?

To: Dev who wrote (63)	10/9/1998 6:56:00 PM
From: Rick the Vet	Read Replies (1) \| Respond to of 118

This just out: Interim drilling report from Indian Ranch. Drilling has intersected carbonate rocks of the lower plate below the Roberts Mountain thrust on the Indian Ranch property. Drill hole IR98-1 has been completed to a depth of 1,535 feet. This vertical hole was sited in a large zone of low grade mineralization as defined by nine holes which were drilled in 1997. The widespread gold mineralization discovered in 1997 is hosted in Ordovician age rocks of the Vinini formation which occur in the upper plate above the Roberts Mountain thrust fault. Drill hole IR98-1 intersected the targeted lower plate carbonates at a depth of 725 feet. The hole continued in the carbonates downward to a depth of 1,535 feet. Hydrothermal alteration observed in the hole consisted of intense silicification from about 685 feet to approximately 740 feet. The presence of a large and strong gold bearing hydrothermal system and the presence of favorable host rocks at a reasonable depth makes this an attractive target. Drill hole IR98-1 is the first of a 12 hole program which will be completed this fall. Comments anyone?