Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Cross Lake Minerals CRN -- Ignore unavailable to you. Want to Upgrade?

To: Wizzer who wrote (3434)	11/30/1998 1:15:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 3650

Nighthawk drilling resumes Cross Lake Minerals Ltd CRN Shares issued 30,177,109 Nov 27 close $0.99 Mon 30 Nov 98 News Release See Canadian Golden Dragon Resources Ltd (CGG) News Release Mr. K. Crosby reports A 1,000 metre diamond drill program has commenced on the Road zone approximately 3,000 metres southwest of the original Cross Lake discovery zone to test a series of pulsed EM (PEM) conductors and strong induced polarization anomalies that extend for over 800 metres in strike length. Several mise-a-la-masse anomalies occur in association with the PEM - IP trends and are interconnected by resistivity lows which represent intense sericite alteration possibly hosting disseminated to massive sulphides. Previous drilling reported by Cross Lake has located important copper and zinc mineralization 1,200 metres to the northeast of this target area along the regional IP trend that defines and hosts the Cross Lake zone. Another drill hole on the west boundary of the property intersected an important rhyolite fragmental similar to that found adjacent to the Cross Lake discovery as well as massive pyrite zones with elevated gold values hosted in sericite schists with abundant green mica alteration. Anomalous zinc and copper values were also encountered. The size of the property and the extent of the Cross Lake trend (over seven kilometres) is equivalent to the extent of the Noranda camp and the Thomson-Bousquet trend respectively, where over 15 base metal mines and 17 gold mines occur. Sulphide deposits in these camps occur in clusters or groups and are often repeated along a structural trend. Therefore, it is possible that several zones are hosted within the trend, justifying continued exploration. Golden Knight Resources (60 per cent) is the operator for the joint venture with East West Resource Corporation holding 16 per cent, Cross Lake Minerals holding 16 per cent, and Canadian Golden Dragon holding 8 per cent interest. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com