Owner
Post by Franko10 ™ on Oct 12, 2004 12:12:29 GMT -5
VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 15, 1997-- Consolidated Pine Channel (VSE: KPG.) Dale W. Hoffman, President of Consolidated Pine Channel Gold Corp. (the"Company") is pleased to report that assays were received on January 15, 1997, from the recently completed 10-hole drill program on the Company's joint venture (with JNR Resources Inc.) Asbell Bay gold-copper project, in north-central Saskatchewan.
Although the results were not as high as expected, the fact that the assays returned values better than the anomalous combined gold-copper values from material tested to date, is very encouraging. In the 10-hole drill program, holes were confined to a depth of 90 feet within four separate surface-mineralized zones, over a strike length of 1 km. All of this mineralization is hosted by mylonitized Bervin Lake plutonics that have unusually extensive strike lengths and widths.
Encouraging assay results from the program returned the following sample high values:
Bornite Zone:
Sample No. Hole Gold Copper Width
--------------------------------------------------------
D93061 DDH-3-96 1,550 ppb 1,633 ppm 4 feet
D93052 DDH-1-96 4,650 ppb 3,984 ppm 1 foot
Discovery Zone:
Sample No. Hole Gold Copper Width
--------------------------------------------------------
D112652 DDH-9-96 1,074 ppb n/a 4 feet
Results of assays of additional core from the drilling, selected for assays of the PGE,Au and Cu groups, will be released when they become available.
As soon as weather conditions permit, a further 20-hole program will be undertaken to better test the 1.5 km structure defined to date, which has so far produced mineralized widths of 60 to 120 feet. The determination to continue exploration is based on the certain knowledge that, in Saskatchewan, several gold mines have been hosted by mylonitized plutonics.
CONSOLIDATED PINE CHANNEL GOLD CORP. Dale W. Hoffman, President -0-
Note to Editors: The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of the content of this News Release.
CONTACT: Consolidated Pine Channel Gold Corp.
Dale W. Hoffman, 604/684-5118
604/682-8566 (FAX)
Email: jnrres@skybus.com
www.infodine.com/kpg/kpg.htm
COPYRIGHT 1997 Business Wire
COPYRIGHT 2004 Gale Group
Although the results were not as high as expected, the fact that the assays returned values better than the anomalous combined gold-copper values from material tested to date, is very encouraging. In the 10-hole drill program, holes were confined to a depth of 90 feet within four separate surface-mineralized zones, over a strike length of 1 km. All of this mineralization is hosted by mylonitized Bervin Lake plutonics that have unusually extensive strike lengths and widths.
Encouraging assay results from the program returned the following sample high values:
Bornite Zone:
Sample No. Hole Gold Copper Width
--------------------------------------------------------
D93061 DDH-3-96 1,550 ppb 1,633 ppm 4 feet
D93052 DDH-1-96 4,650 ppb 3,984 ppm 1 foot
Discovery Zone:
Sample No. Hole Gold Copper Width
--------------------------------------------------------
D112652 DDH-9-96 1,074 ppb n/a 4 feet
Results of assays of additional core from the drilling, selected for assays of the PGE,Au and Cu groups, will be released when they become available.
As soon as weather conditions permit, a further 20-hole program will be undertaken to better test the 1.5 km structure defined to date, which has so far produced mineralized widths of 60 to 120 feet. The determination to continue exploration is based on the certain knowledge that, in Saskatchewan, several gold mines have been hosted by mylonitized plutonics.
CONSOLIDATED PINE CHANNEL GOLD CORP. Dale W. Hoffman, President -0-
Note to Editors: The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of the content of this News Release.
CONTACT: Consolidated Pine Channel Gold Corp.
Dale W. Hoffman, 604/684-5118
604/682-8566 (FAX)
Email: jnrres@skybus.com
www.infodine.com/kpg/kpg.htm
COPYRIGHT 1997 Business Wire
COPYRIGHT 2004 Gale Group
