BURNT BASIN - NEW HIGH GRADE GOLD VALUES LOCATED

SIGNIFICANT VALUES OF BASE METALS AND SILVER FOUND IN CHANNEL SAMPLING OF TRENCHES

The company is pleased to announce that the results from the fall 2007 trenching program have been returned and show good Zn, Pb and Ag values over reasonable widths, from both the Upper Eva Bell and Halifax showings, as listed below in Table 1.  Two trenches at the Upper Eva Bell returned 2.5 m of 13.72% Zn, 2.86% Pb, 2,5%Cu 460 g Ag and .6 gm Au, and 3.0m of 8.68%Zn, 1.50%Pb, 2.12 % Cu, 383g Ag and .7g Au.  In the Halifax area several trenches assayed encouraging values over reasonable widths.  Some of these were:

  1. 4.70 m of 6.48%Zn, 1.94% Pb, .08% Cu and 44gm Ag  
  2. 3.40 m of 3.98% Zn, 3.63% Pb and 112.9 gm Ag  
  3. 7.0m of 2.29%Zn, 1.69%Pb and 41.7gm Ag  
  4. 5.05 m of 2.38% Zn, 1.68%Pb and 27gm Ag

Multiple, parallel zones of semi-massive to massive magnetite-sphalerite (+/- galena) occur at the Halifax zone. The mineralization was exposed by trenching during the fall of 2007,over a strike length of 110 meters.

These values are similar to those found in 2 drill holes and one trench in the early seventies of the EVA BELL PRODUCTION PIT about 275 m to the south east.  These two holes 72-4 and 72-5 intersected a zone with a true width of 16.5 feet ( about 5 meters) returning 7.3% Zn (zinc), 4.84% Pb(lead) and 2.67 oz Ag(silver) and 8.78% Zn, 5.44%Pb and 4.05 oz/Ag, respectively.  Trenching in this area is also reported to have exposed a zone of mineralization that graded 8.15% Zn, 3.2%Pb, 2.2%Cu(copper) and 8.6 oz Ag ( about 250 grams) over a 21 foot width.

The encouraging base metal and silver values at the Halifax and Upper Eva Bell  are only two of the very few rock exposures in the massive sulphide/gold/systems on the Burnt Basin property. They are about 600 meters apart.  New showings are continually being found and are no doubt related in some fashion due to the similarities in style.  The very extensive geochemical anomaly is still open in all directions, (greater than 1000 meters in length), and can be seen on figures 10a – 10c.  These figures clearly show the enormity of the base metal/silver mineralization below the soil cover and the Halifax and Upper Eva Bell exposed areas are minute in size representing a tiny fraction of the geochemical anomaly coverage to date.  Both the Halifax and Hastings showings are outside of the area covered by geochemisty.

A large zinc lead soil anomaly occurs near the Ennismore showing (250 meters north west of the Halifax) and the magnetic anomaly between the Eva Bell and Breckle showing are just two areas slated for follow up this year.  Geochemical coverage will be increased to cover new showings and depth to bedrock measured to assist in excavations.

High grade zinc mineralization has been found at the Hastings showing which is situated about 550 meters south of the Halifax zone.  A 6 meter shaft dates back to 1929.

The contact adit was re-visited and additional sampling was done.  A 0.4 meter chip sample across the vein, at the portal to the adit, returned 15.84 g/t Au, and  select grab samples from  roadcut returned values of 27.58 Au and 33.99 g/t Au from  quartz veins.

A new showing (the Gold Knoll showing) was discovered in follow-up to a gold soil geochemical anomaly on the knoll, northwest of the Upper Eva Bell showing.  Several small historic hand trenches and open cuts were found, which explore narrow quartz veins.  Samples of vein material returned values of 43.07 g/t Au and 42.78 g/t Au.

An area of 30 by 35 m was stripped at the Upper Eva Bell showing. Within the stripped area, 6 separate zones of mineralization are exposed.

BURNT BASIN - NEW HIGH GRADE GOLD VALUES LOCATED
Click for larger image.

BURNT BASIN - NEW HIGH GRADE GOLD VALUES LOCATED
Click for larger image.

BURNT BASIN - NEW HIGH GRADE GOLD VALUES LOCATED
Click for larger image.

BURNT BASIN - NEW HIGH GRADE GOLD VALUES LOCATED
Click for larger image.

BURNT BASIN - NEW HIGH GRADE GOLD VALUES LOCATED
Click for larger image.

The largest is a 5 meter wide by 11 meter long zone of semi-massive to massive magnetite-sphalerite. The stripped area ends in this mineralization.

Table 1 – Significant Results, 2007 Trenching Program

 

Width

Zn

Pb

Cu

Ag

Au

Samples

 

(meters)

%

%

%

g/t

g/t

 

HALIFAX

 

 

 

 

 

 

 

TR07-3

 

 

 

 

 

 

 

 

5.00

2.56

0.12

0.01

7.2

<0.1

51047-50

 

0.40

14.74

21.83

0.09

425.0

<0.1

51052

 

4.70

6.48

1.94

0.08

44.1

<0.1

51054-57

(including

1.40

15.54

6.08

0.06

125.0

0.1

51054)

 

0.50

11.67

2.56

0.03

69.0

<0.1

51058

 

2.10

1.47

0.13

0.08

13.7

<0.1

51060, 64

 

 

 

 

 

 

 

 

TR07-4

 

 

 

 

 

 

 

 

2.60

6.02

3.63

<0.01

76.9

<0.1

51070-72

 

2.20

3.25

2.19

<0.01

35.8

<0.1

51074-76

 

 

 

 

 

 

 

 

TR07-5

 

 

 

 

 

 

 

 

3.85

2.02

1.18

<0.01

19.0

<0.1

51079-85

 

3.40

3.98

3.63

0.03

112.9

<0.1

51086-89

 

7.00

2.29

1.69

0.01

41.7

<0.1

51090-96

(including

1.00

5.25

3.34

0.01

74.0

0.1

51096)

 

5.05

2.38

1.68

0.01

27.5

<0.1

51097-104

(including

0.45

18.14

9.24

<0.01

154.0

0.4

51104)

 

 

 

 

 

 

 

 

Upper Eva Bell

 

 

 

 

 

 

 

TR07-6

 

 

 

 

 

 

 

 

5.00

3.89

0.22

0.06

12.5

0.1

51111-12

 

4.00

0.67

0.09

0.10

7.6

0.2

51113-14

 

2.50

13.72

2.86

2.50

460.0

0.6

51115

 

3.00

8.68

1.50

2.12

383.0

0.7

51116

 

9.00

0.14

0.10

0.24

65.4

<0.1

51120

Field work was carried out under the supervision of Linda Caron M.Sc. Geology, a “qualified person “ for the purposes of National Instrument 43-101 who has verified the data disclosed in this news release.



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