Owner
Post by Franko10 ™ on Sept 30, 2004 19:52:16 GMT -5
Petro Plus Inc. announces further results of the summer exploration program from its 100% owned Devil's Property
Business Wire, Jan 3, 1996
EDMONTON, Alberta--(BUSINESS WIRE)--Jan. 3, 1996--Further results of the summer exploration program on Petro Plus Inc.'s 100% owned Devil's Property have been received.
Results to date have shown consistent values over mineable widths. Hopefully, 1996 drilling results will confirm gold in economic quantities. The drill program is designed to test the depth and extentions along strike. Initial results were released by press release dated December 4, 1995. Devil's Property is located in the La Ronge Goldbelt, 90 kilometres north of La Ronge, Saskatchewan.
The Devil's Property is situated along the McLennan Lake Tectonic Zone, which is one of the most persistant high-strain zones in the region. This zone marks the contact between the Central Metavolcanic Belt and meta-arkoses of the McLennan Group. The Zone ranges between several tens of metres and a kilometre in width. Sampling to date has been concentrated along the Thomas Pond Shear. Bedrock sampling on the Devil's Property has returned many anomalous gold samples to date. New sampling Northeast of the PIT ZONE which has been exposed for 75 metres, returned values of up to 0.21 oz/ton gold over 2.2 meters. Gold mineralization is associated with quartz veining, and carbonate alteration in granodiorite gneiss, which have undergone three fracturing events. The D2 fractures are gold bearing, and contain sericite, Mg-chlorite, and two-carbonate (ankerite?) alteration zones.
A summary of the values are as follows:
PIT-NE-DL95-C5A; 0.227 oz/ton gold over 2.0 feet (0.6 m)
PIT-NE-DL95-C6; 0.21 oz/ton gold over 7.1 feet (2.2 m)
0.54 oz/ton gold over 2.5 feet (0.75 m)
PIT-NE-DL95-C12; 0.026 oz/ton gold over 3.3 feet (1.0 m)
SW2-DL95-C19; 0.05 oz/ton gold over 4.1 feet (1.3 m)
All channel samples reported were analysed using the metallic total gold method, whereby the total sample is pulverized and fire assayed. -0-
The Alberta Stock Exchange has neither approved or disapproved of the information contained herein.
CONTACT: Petro Plus Inc.
Urban Casavant, 306/922-6065
or
Head Office (Administration), 403/421-9090
COPYRIGHT 1996 Business Wire
Business Wire, Jan 3, 1996
EDMONTON, Alberta--(BUSINESS WIRE)--Jan. 3, 1996--Further results of the summer exploration program on Petro Plus Inc.'s 100% owned Devil's Property have been received.
Results to date have shown consistent values over mineable widths. Hopefully, 1996 drilling results will confirm gold in economic quantities. The drill program is designed to test the depth and extentions along strike. Initial results were released by press release dated December 4, 1995. Devil's Property is located in the La Ronge Goldbelt, 90 kilometres north of La Ronge, Saskatchewan.
The Devil's Property is situated along the McLennan Lake Tectonic Zone, which is one of the most persistant high-strain zones in the region. This zone marks the contact between the Central Metavolcanic Belt and meta-arkoses of the McLennan Group. The Zone ranges between several tens of metres and a kilometre in width. Sampling to date has been concentrated along the Thomas Pond Shear. Bedrock sampling on the Devil's Property has returned many anomalous gold samples to date. New sampling Northeast of the PIT ZONE which has been exposed for 75 metres, returned values of up to 0.21 oz/ton gold over 2.2 meters. Gold mineralization is associated with quartz veining, and carbonate alteration in granodiorite gneiss, which have undergone three fracturing events. The D2 fractures are gold bearing, and contain sericite, Mg-chlorite, and two-carbonate (ankerite?) alteration zones.
A summary of the values are as follows:
PIT-NE-DL95-C5A; 0.227 oz/ton gold over 2.0 feet (0.6 m)
PIT-NE-DL95-C6; 0.21 oz/ton gold over 7.1 feet (2.2 m)
0.54 oz/ton gold over 2.5 feet (0.75 m)
PIT-NE-DL95-C12; 0.026 oz/ton gold over 3.3 feet (1.0 m)
SW2-DL95-C19; 0.05 oz/ton gold over 4.1 feet (1.3 m)
All channel samples reported were analysed using the metallic total gold method, whereby the total sample is pulverized and fire assayed. -0-
The Alberta Stock Exchange has neither approved or disapproved of the information contained herein.
CONTACT: Petro Plus Inc.
Urban Casavant, 306/922-6065
or
Head Office (Administration), 403/421-9090
COPYRIGHT 1996 Business Wire
