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Night Hawk Lake Drill Results (edited from a CRN release) VANCOUVER, BRITISH COLUMBIA--Golden Knight Resources Inc. has conducted a recent diamond drilling on the Night Hawk Lake joint venture near Timmins, Ontario and has verified the continuation onto joint venture ground of a volcanogenic massive sulphide system (VMS), as well as specific mineralized horizons, identified in drilling on the Cross Lake's 100 percent owned Sheraton-Timmins property. The system has now been traced in widely-spaced drilling over 1,000 metres on the Night Hawk Lake joint venture and Sheraton-Timmins properties, and is open along strike and at depth. Golden Knight's drilling also expanded a previously reported panel of precious metals mineralization that appears to be associated with one of several episodes of zinc mineralization. Five holes, totalling 1,920 metres, stepped out from Hole SK97-10 which had intersected gold, silver and zinc mineralization on the Cross Lake Zone, within the joint venture's claims. Four of the five holes (SK97-17, 97-18, 97-19, 97-20) intersected zinc-silver values which have been interpreted as occurring within the footwall zinc zone of the VMS system. This zone, approximately 70 metres in true thickness, extends over 700 metres to the northeast, and continues westward over 400 metres on joint venture ground. This zone also hosts gold-silver values and flanks a copper zone which plunges below these holes. In SK97-18, significant gold- silver values included 1.2 grams of gold and 398.0 grams of silver per tonne and 0.69 percent zinc over 1.5 metres within a 20.5 metre band of 1.15 percent zinc. SK97-19 intersected 194.4 grams of silver and 1.01 percent zinc over 3.5 metres. The copper zone (1.06 percent copper over 3.7 metres) was intersected by Hole CLS97-27, between 380.8 metres and 384.5 metres. Deeper drilling is planned to test the plunge line below. /T/ Significant results included: DRILL Interval Length Gold HOLE (metres) (metres) (feet) (g/t) SK97-17 121.7 - 132.2 10.5 34.4 - including 123.2 - 124.7 1.5 4.9 0.39 and 129.2 - 132.2 3.0 9.8 - 146.6 - 147.8 1.2 3.9 - SK97-18 80.5 - 84.7 4.2 13.8 - 124.9 - 145.4 20.5 67.3 - including 124.9 - 126.4 1.5 4.9 1.20 and 124.9 - 130.9 6.0 19.7 - SK97-19 194.8 - 198.3 3.5 11.5 - including 196.3 - 197.3 1.0 3.3 - SK97-20 194.2 - 198.7 4.5 14.8 - 266.0 - 275.0 9.0 29.5 - CLS97-27 380.8 - 393.5 12.7 41.7 - including 380.8 - 382.0 1.2 3.9 - including 380.8 - 384.5 3.7 12.1 - 387.5 - 392.0 4.5 14.8 - 443.0 - 455.0 12.0 39.4 - including 450.5 - 453.5 3.0 9.8 DRILL Silver Zinc Cu HOLE (g/t) (oz/ton) (p.cent) (p.cent) SK97-17 - - 0.80 - including 103.0 3.0 0.23 - and 151.0 4.4 1.17 - 45.8 1.3 3.38 - SK97-18 - - 1.05 - - - 1.15 - including 398.0 11.6 0.69 - and 117.8 3.4 1.76 - SK97-19 194.4 5.7 1.01 - including 531.0 15.5 0.63 - SK97-20 93.8 2.7 0.40 - - - 2.11 - CLS97-27 1.9 - - 0.63 including 3.2 - - 1.59 including - - - 1.06 - - - 0.73 - - 1.29 - - - 2.73 - /T/ The winter phase of field work, which is expected to commence in February, will include 40 line-kilometres of induced polarization (IP) geophysics and 2,700 metres of drilling. The focus of drilling will be on nearby IP anomalies located to the west of the Cross Lake and Sheraton Lake zones. Interpretation of drilling results from the Sheraton Lake zone in late 1997 is continuing, with further drilling to follow. The Night Hawk Lake joint venture holds a total of 645 claim units and consists of Golden Knight (60 percent), Cross Lake Minerals Ltd. (16 percent), East West Resource Corporation (16 percent) and Canadian Golden Dragon Resources Ltd. (8 percent). Golden Knight is the operator. the Chief | ||||||||||||||
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