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


To: dean poets who wrote (3441)11/30/1998 9:53:00 PM
From: Ed Pakstas  Read Replies (1) | Respond to of 3650
 
Dean... Re: the parts per billion... The same thought's occurred to me... Do you know how to translate that to grams or ounces per ton???...ed



To: dean poets who wrote (3441)12/1/1998 8:42:00 AM
From: dave brown  Read Replies (1) | Respond to of 3650
 
Dean, Hole 63 is the most encouraging and significant hole of the latest 3 holes drilled. Again, this is a good intersection considering how it fits into the big picture. Hole 63 with 40.5 m of 1.90% ZN including 9 m of 4.34% ZN relates extremely well with holes 49 and 16.

Recap

hole 49 - 39.5m to 81.5m (42m) 2.63% zn 73.6g/t ag
incl. 61.6m to 72 m (10.4m) 5.78% zn 180.8g/t ag

hole 16 - 278m to 311m (33m) 6.71% zn 215.4 g/t ag

hole 63 - 393.5m to 434m (40.5m)1.9% zn 93g/t ag
incl. 393.5m - 402.5 (9.0m) 4.34%zn 80g/t ag
395m - 401m (6.0m) 5.56%zn 93g/t ag

There is a definite open pit mine possibility here with other numerous holes (40,41,42,43,44,46,47,48,50,51,22,23,21,6)reporting 10-45m intersepts of 2+% zn all located above 200m vertically. Hole 63 has now extends the zn zone 500m representing roughly 10,000,000 tonnes of rock. Not bad so far.

Hole 64 was drilled underneath the high grade zinc zone. So not a good representation of the down plunge potential here. Another hole is need in this area to hit the high grade zinc extending it further. Also gold is now starting to appear which is a possitive. (by the way 1000 ppb = 1g/t = 0.029oz.ton). Also, hole 63 reported intersection is very close to true width.

Drills are still turning on the 100% Cross ground and two JV properties. Lots of news to come before X-mas. I still think Cross is one of the better VSE plays right now and I wouldn't be so quick to give up on it yet.