Western Star Resources Inc. press release
Copper Reef's Jewel Box Returns 48.1 grams per ton Gold
CSE - Canadian National Stock Exchange · Lead · Silver · Zinc · Gold · Copper · Tungsten · Cobalt · Canada
(via Thenewswire.ca)
Copper Reef Mining Corporation is pleased to announce initial grab samples from a preliminary prospecting program on the JEWEL Box Property located within the Flin Flon Greenstone Belt of Manitoba. Gold assays up to 48.1 g/t gold have been taken from quartz veins and altered wall rock along a 50 m section of a north trending shear structure on the Property. This is the first work Copper Reef has carried out on the property since its acquisition. The gold is very coarse, occurring as wires and plates associated with quartz carbonate veining. The structure although narrow is flanked by larger north and north-west trending structures with associated carbonate, sericite and chlorite-epidote alteration. There is no drilling on these nearby larger structures and in particular the area where these intersections intersect where there is gold in soil anomalies.
Work permits have been received and work on a grid followed by geophysical surveys, mapping and prospecting is scheduled to begin shortly with drilling planned for this winter.
Original fire assay results for high grade grab samples from the Jewel Box gold zone are shown in the table below. For comparison, the averages of screen metallic and original results are also shown. The average values for the three selected samples exceeded the original fire assay grade by more than 40%. The bulk of the gold was found in the coarse sample fraction.
|Sample|Au g/t (original)|Au g/t (average)|% increase| |8908 |7.6 |16.9 |122 | |26847 |33.7 |48.1 |43 | |26848 |12.8 |18.0 |41 |
Three historic shallow drill holes tested the zone at shallow depths over a strike length of 30m; all three holes returned high gold grades ranging from 199 g/t over 10 cm to 511 g/t over 25 cm. The consistent reporting of high gold grades for this zone suggests that the gold is uniformly distributed.
ABOUT COPPER REEF MINING CORPORATION
The Corporation 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, including strategic locations in the Provinces of Manitoba and Saskatchewan and has the funds to explore them.
No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or 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 Harbor.
Copper Reef Mining Corporation
"signed"
Stephen L. Masson M.Sc. P.Geo.
President & CEO
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