Lake Victoria Gold Ltd. press release
Copper Reef's Parres Vein Assays up to 114.2g Gold per Tonne
TSXV - TSX Venture Exchange · Gold · Canada
(via Thenewswire.ca)
Copper Reef Mining Corporation (CNSX: CZC) wishes to announce that it has received assays from a preliminary sampling of the Parres Vein on its 100% owned Otter Lake Property (the Property). The Vein which averages 80 cm wide is exposed over 100 m before buried beneath soil cover at each end. Ten samples along a 90 m section were taken at roughly every 10 meters intervals. The results indicate high grade gold mainly associated with galena and minor pyrite and chalcopyrite. From northeast to south west along the strike of the vein the results in grams per tonne gold are as follows: 7.17, 0.83, 33.90, 33.89, 49.50 114.20, 46.61, 24.61 3.10, and < 0.03. The most westerly sample taken of a barren portion of the vein did not carry but a 50 m section averaged over 35 grams gold per tonne (over 1.0 ounce gold /ton). Other similar veins in the same area were observed to contain galena but remain to be sampled systematically after they are better exposed and mapped. The Otter Lake Property has a 1% NSR payable to Bruce Murray a local prospector.
Copper Reef has planned a summer program of mapping, prospecting, and detailed sampling over this and its adjacent 100% owned Twin Lakes property which the Company acquired by staking. Follow up drilling will target the Parres Vein. The two properties, which total 1,388 ha straddles highway 10, 30 km south of Flin Flon Manitoba. The Twin Lakes property host the similar high grade veins: the Joplin and Payuka Veins as well as the Adit and Shaft gold structures. All these veins remain open along strike and at depth and are accessible on high ground year round. An older abandoned section of Highway 10 passes within a 100 m of the Joplin and Parres Veins providing easy access.
The Property, which is contiguous with Copper Reef's Twin Lakes Property, contains a number of gold prospects which are part of a trend of gold showings and mines along the northwest trending Payuk Lake - Gurney Mine deformation zone (Gurney Mine Structure). The Gurney Mine structure is approximately up to 80 metres wide locally, with gold showings and deposits generally on the southern side of the structure in subsidiary shears. Copper Reef holds 4 km of this gold structure.
ABOUT COPPER REEF MINING CORPORATION
Copper Reef is a Canadian junior mineral exploration company with a specific focus on mineral properties in Northwest Manitoba and Northeast Saskatchewan, Canada. All of the Company's properties are currently at the exploration stage. The Company, which has no long-term debt, has assembled a portfolio of base metal and precious metal prospects and has the funds to explore them.
Copper Reef Mining Corporation
Stephen L. Masson M.Sc. P.Geo.
President & CEO
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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