Tiger Gold Corp press release
Parres Vein's High Silver Assays compliment Gold Values
TSXV - TSX Venture Exchange · Canada
(via Thenewswire.ca)
Copper Reef Mining Corporation (CNSX: CZC) wishes to announce that it has received the silver assays up to 477 g/t silver from the sampling of the Parres Vein on its 100% owned Otter Lake Property (the Property). This press release follows the press release on June 4th, 2011 where the Company reported high gold values from the Parres Vein. The Vein which averages 80 cm wide is exposed over 100 m before disappearing 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 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 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.
The higher silver and lead values associated with high gold values are given in the table below.
|Sample #|Au (g/t)|Au (oz/t)|Ag (g/t)|Ag (oz/t)|Pb (%)| |539410 |7.17 |0.21 |39.6 |1.16 |0.13 | |539401 |0.83 |0.02 |6.8 |0.2 |0.11 | |539402 |33.90 |0.99 |165.1 |4.82 |0.59 | |539403 |33.89 |0.99 |179.3 |5.23 |1.86 | |539404 |49.50 |1.44 |245.7 |7.17 |3.00 | |539405 |114.20 |3.33 |477.0 |13.91 |0.64 | |539406 |46.61 |1.36 |357.1 |10.42 |0.32 | |539407 |24.61 |0.72 |140.0 |4.08 |0.65 | |539408 |3.10 |0.09 |5.3 |0.15 |0.01 | |539409 |<.03 |0 |1.5 |0.04 |0 |
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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