Blue Lagoon Resources Inc. press release
Copper Reef Resumes Drilling at Gold Rock
CSE - Canadian National Stock Exchange · Gold · Silver · Copper · Molybdenum · Canada
Oct. 16, 2009 (TheNewswire.ca) --
Toronto, Ontario, October 16, 2009….Copper Reef Mining Corporation ("Company")(CZC.CNSX) is pleased to announce that Copper Reef has resumed drilling on the Gold Rock vein of our 100% owned Gold Rock -North Star Property near Snow Lake Manitoba.
The Company, which last year drilled 79 HQ diamond drill holes into the north portion of the Gold Rock Vein, will drill an additional 30-35 HQ drill holes into the central and southern portions of the vein which have never been drilled. Following receipt of results from this current drilling, a second drill program is planned to commence after freeze up when swamps are frozen.
The new area of the vein being drilled is 200 m long and will be drilled with two tiers of holes at 10 m intervals. Samples assaying up to 3.96 oz gold/ton have been taken from old surface trenches in this vein excavated in the 1920's. The drilling will start south of DDH-08-32 which intersected 81.73 g /t gold over 1.6 m (core length) and work south covering the 200 m.
The Gold Rock vein length, from known exposures and drilling to the north, is at least 345 m (1131') long and open to the north and south beneath overburden. Previous drilling in 2008 outlined two zones approximately 200 ft (60m) long each in the northern 150 m (492 foot) long portion of the vein.
Coarse gold was intersected in over 50% of the holes drilled in this area. The Gold Rock vein lies along a quartz veined shear 2 km long, with the North Star deposit at the south end and the Gold Rock Vein at the north end with very little drilling in between. Copper Reef has concentrated its recent drilling in 2008 and the current drilling programs on the high grade Gold Rock Vein.
Copper Reef's website copperreef.com shows the relative location of these drill holes under the heading Gold Rock, as well as maps, photos and other information on Copper Reef.
The North zone (marked N in the table) is the furthest north gold bearing shoot. It has not been cut off to the north. The Middle North zone ("MN") which occurs just north of the half way point in the vein is designated MN in the table which follows. Current drilling will first target two deeper intersections of the Gold Rock Vein at the south end of the MN zone next to a intersection of 19.15 g gold over 5.9 m where the vein appears to widen at depth. Both these holes should be completed this weekend. This will be followed by regular 10 m step outs to the south along the undrilled 200m long southern portion of the vein.
The intersections below have been previously released in a number of press releases but not presented together as below. All intersections are core length, true width varies depending on the hole between 70% and 85% of the core length.
SELECTED GOLD ROCK DRILL HOLE RESULTS 2008 Drill Hole Dip Zone From To Core Length(m) g/t gold oz/ton gold GR-08-06 -78 MN 16.0 19.9 3.9 m 24.14 0.70 GR-08-08 -78 MN 29.0 30.3 1.3 m 5.75 0.17 GR-08-09 -45 MN 8.2 9.3 1.1 m 6.00 0.18 GR-08-10 -78 MN 15.8 18.0 2.2 m 8.66 0.25 GR-08-14 -78 MN 24.8 26.6 1.8 m 61.2 1.79 GR-08-23 -45 N 13.7 14.9 1.2 m 10.32 0.30 GR-08-24 -78 N 27.1 28.7 1.6 m 17.05 0.50 GR-08-26 -78 N 21.7 23.9 2.2 m 53.6 1.56 GR-08-27 -45 N 10.55 12.05 1.5 m 11.83 0.35 GR-08-28 -78 N 16.5 18.9 2.4 m 11.32 0.33 GR-08-29 -45 N 10.8 12.7 1.9 m 8.32 0.24 GR-08-30 -78 N 15.5 18.4 2.9 m 24.6 0.72 GR-08-31 -45 N 15.15 16.75 1.6 m 81.73 2.38 GR-08-34 -78 N 18.0 21.0 3.0 m 12.41 0.36 GR-08-35 -45 N 10.5 12.0 1.5 m 9.57 0.28 GR-08-41 -45 MN 10.65 13.05 2.4 m 10.73 0.31 GR-08-43 -45 N 14.1 15.9 1.8 m 27.85 0.81 GR-08-44 -78 N 27.95 29.45 1.5 m 25.65 0.75 GR-08-45 -45 MN 12.35 13.85 1.5 m 11.99 0.35 GR-08-46 -78 MN 19.3 22.1 2.8 m 19.35 0.56 GR-08-48 -78 MN 17.75 18.95 1.2 m 7.88 0.23 GR-08-50 -78 MN 15.9 19.3 3.4 m 104.39 3.05 GR-08-51 -66 MN 28.8 30.3 1.5 m 18.41 0.54 GR-08-52 -77 MN 41.7 47.6 5.9 m 19.15 0.59 GR-08-53 -68 N 56.9 58.8 1.9 m 17.71 0.52 GR-08-54 -57 MN 44.0 45.8 1.8 m 7.91 0.23 GR-08-55 -65 MN 50.5 52.3 1.8 m 10.06 0.29 GR-08-59 -72 MN 53.8 56.2 2.4 m 30.61 0.89 GR-08-60 -60 MN 40.5 42.4 1.9 m 11.78 0.34 GR-08-64 -60 MN 35.7 37.2 1.5 m 17.44 0.51 GR-08-68 -45 N 44.7 46.0 1.3 m 15.27 0.45 GR-08-71 -72 N 46.34 47.54 1.2 m 7.98 0.23 GR-08-78 -77 N 23.5 25.5 2.0 m 25.54 0.75
Quality Control
The Company employs QA/QC protocol on all aspects of its analytical procedures. Core samples are sawn and one half of the HQ core is restored to the core boxes for future reference and one half sent for analysis. Samples of veining or mineralization are taken in approximately 50 cm intervals or less. Sample preparation and analytical work is conducted at TSL labs in Saskatoon, Saskatchewan utilizing fire assaying with a two assay ton charge, with an AA finish. In addition pulps of the samples are analysed using a multi-acid digest/ ICP-AES and AAS techniques for trace elements. Gold assays above 0.5 g/ t are then re-assayed by the screen metallic method where the entire sample of the sawn core sent for assay is pulverized and screened with a 150 mesh screen to remove the coarse gold and is then assayed separately by fire assay technique, the remaining pulverized core material that passes through the screen will be assayed by four separate two assay ton charges. The average of the 4 assays will be combined, on a weighted basis, with the assay of coarse gold that was captured by the screen to obtain an overall average grade. This method should give a high level of reliability in representing the contained gold in the core. The large size of core and the closely spaced holes should provide a reasonable sample size and spacing to represent the grade of the vein.
Commercially prepared standards representing 2 ranges of gold grades are inserted at intervals of 1 in 10 samples. A blank rock sample of granite is inserted every 20 samples. Stephen Masson M.Sc., P.Geo President of Copper Reef is the qualified person for the Company. He has reviewed the drill core and confirms the assay results.
On Behalf of the Board of Directors
"signed"
Robert N. Granger QC
Chairman
No securities regulatory authority has reviewed or accepts responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are or may be considered forward-looking statements, such as estimates and statements that describe Copper Reef's future plans, objectives or goals, including words to the effect that Copper Reef or its management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. We seek safe harbour.
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