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:
- 4.70 m of 6.48%Zn, 1.94% Pb, .08% Cu and
44gm Ag
- 3.40 m of 3.98% Zn, 3.63% Pb and 112.9 gm
Ag
- 7.0m of 2.29%Zn, 1.69%Pb and 41.7gm Ag
- 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. |

Click for larger image.

Click for larger image.

Click for larger image.

Click for larger image.

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.
|
Gold Nugget
Native Silver
Native Copper |