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The Glacier Creek drill program was designed to evaluate the silver, uranium and poly-metallic potential of this newly emerging mineralized region. The Glacier Creek IOCG and uranium target is located on the Company's Glacier Lake property situated 2 km east of Port Radium.
The Company has intersected 5.80 meters of 1.16% copper in drill hole GC-07-02 at the Glacier Creek zone at Contact Lake in Canada's Northwest Territories. Drill hole number GC-07-01 intercepted 6.0 meters of 0.39% copper.
The Company believes that the results of the drill holes from the Glacier Creek target and the drill holes from the Echo Bay Program confirm the extensive nature of hydrothermal alteration and mineralization in the Port Radium-Echo Bay-Contact Lake poly-metallic belt. All drill cores from the Glacier Creek target were prepared, bagged and sealed by the Company's supervised personnel and were transported by plane to Acme Analytical Laboratories Ltd. ("ACME") in Yellowknife, NT where they were crushed and pulped, and then transported to ACME's main laboratories in Vancouver, British Columbia for assaying. ACME is a fully registered analytical lab compliant with the International Standards Organization (ISO) for quality assurance.
Highlights from mineralized down-hole intervals reporting:
GC-07-01 Intersected:- 6.0 meters of 0.39% copper
GC-07-02 Intersected: - 5.80 meters of 1.16% copper including 1.04 meters of 2.99% copper and 8 g/ton silver and another 1.0 meter of 1.48% copper and 4.3 g/ton silver
- 2.40 meters of 0.61% copper
- 2.60 meters of 0.33% copper
- 3.75 meters of 0.31% copper
GC-07-06 Intersected:- 1.50 meters of 46.2 g/ton silver
The Contact Lake & Eldorado district is being targeted by the Company for silver and uranium and poly-metallic exploration. The mineralization occurs within the same suite of volcano-plutonic rocks that host other poly-metallic zones in the Eldorado & Contact lake mineral belt, including the former El Bonanza Silver (Ag) and the Eldorado Uranium (U-Ag-Cu-Co-Ni-Bi) mines. Veins of the former Eldorado and Echo Bay mines are situated in metasedimentary rocks, near the margins and apices of porphyry stocks, between underlying batholiths and overlying volcanic rocks. The cores and intermediate zones of the hydrothermal systems that are responsible for these veins are possible loci for larger, more typical, bulk-mineable IOCG-type deposits. Additional drill results are pending and will be released when the Company receives them.
The accompanying table gives a summary of drilling highlights and assay results returned from drill holes reporting from the Glacier Creek target at Contact Lake, NT.
DRILL SUMMARY
|
|
|
|
Copper |
Zinc |
Vanadium |
|
From |
To |
Interval |
Cu |
Zn |
V 2 O 5 |
Drill Hole |
(m) |
(m) |
(m) |
(%) |
(%) |
(%) |
|
17 |
19 |
2 |
0.17 |
0.025 |
0.04 |
GC-07-01 |
81.5 |
87.5 |
6 |
0.39 |
0.012 |
0.05 |
129 |
130.6 |
1.6 |
0.28 |
0.018 |
0.13 |
|
|
|
|
Copper |
Zinc |
Silver |
Gold |
|
From |
To |
Interval |
Cu |
Zn |
Ag |
Au |
Drill Hole |
(m) |
(m) |
(m) |
(%) |
(%) |
(g/ton) |
(g/ton) |
|
2.4 |
5 |
2.6 |
0.33 |
0.02 |
0.5 |
0.5 |
|
27 |
32.8 |
5.8 |
1.16 |
0.02 |
3.1 |
1.2 |
|
27 |
28 |
1 |
1.48 |
0.02 |
4.3 |
0.6 |
GC-07-02 |
30.39 |
31.43 |
1.04 |
2.99 |
0.02 |
8 |
5.3 |
51.75 |
55.5 |
3.75 |
0.31 |
0.02 |
1.1 |
<0.1 |
58.5 |
60 |
1.5 |
0.12 |
0.01 |
0.1 |
<0.1 |
69 |
76.5 |
7.5 |
0.02 |
0.14 |
0.3 |
<0.1 |
123.6 |
126 |
2.4 |
0.61 |
0.01 |
0.4 |
<0.1 |
|
|
|
|
Copper |
Zinc |
Nickel |
Cobalt |
Uranium |
Vanadium |
|
From |
To |
Interval |
Cu |
Zn |
Ni |
Co |
U 3 O 8 |
V 2 O 5 |
Drill Hole |
(m) |
(m) |
(m) |
(%) |
(%) |
(%) |
(%) |
(%) |
(%) |
|
26.5 |
34.1 |
7.6 |
0.18 |
0.01 |
0.01 |
0.01 |
- |
0.031 |
|
15.26 |
18 |
2.74 |
0.12 |
0.01 |
0.02 |
0.02 |
- |
0.037 |
GC-07-03 |
22.63 |
23.54 |
0.91 |
0.2 |
0.01 |
0 |
0.01 |
- |
0.032 |
73.5 |
79.5 |
6 |
0.13 |
0.02 |
0 |
0 |
0.002 |
0.024 |
73.5 |
75 |
1.5 |
0.16 |
0.02 |
0.01 |
0.01 |
0.005 |
0.03 |
|
|
|
|
Copper |
Gold |
|
From |
To |
Interval |
Cu |
Au |
Drill Hole |
(m) |
(m) |
(m) |
(%) |
(g/ton) |
|
114 |
115.5 |
1.5 |
0.1 |
9.7 |
GC-07-04 |
171.5 |
173 |
1.5 |
0.12 |
1.3 |
195.5 |
197 |
1.5 |
0.1 |
0.3 |
200 |
201.47 |
1.47 |
0.13 |
0.2 |
|
|
|
|
Copper |
Zinc |
|
From |
To |
Interval |
Cu |
Zn |
Drill Hole |
|
|
(m) |
(%) |
(%) |
|
9 |
10.5 |
1.5 |
0.11 |
0.01 |
|
34 |
35.5 |
1.5 |
0.18 |
0.01 |
|
42.4 |
44 |
1.6 |
0.12 |
0.02 |
GC-07-05 |
48.5 |
50 |
1.5 |
0.24 |
0.02 |
71.22 |
79.5 |
8.28 |
0.01 |
0.1 |
132.25 |
138 |
5.75 |
0 |
0.12 |
154.5 |
156 |
1.5 |
0.14 |
0.08 |
|
|
|
|
Copper |
Zinc |
Silver |
|
From |
To |
Interval |
Cu |
Zn |
Ag |
Drill Hole |
(m) |
(m) |
(m) |
(%) |
(%) |
(g/ton) |
|
8 |
9.5 |
1.5 |
0.02 |
0.1 |
0.8 |
|
22.5 |
25.5 |
3 |
0.1 |
0.18 |
2.6 |
|
24 |
25.5 |
1.5 |
0.18 |
0.19 |
3.9 |
GC-07-06 |
25.5 |
27 |
1.5 |
0.01 |
0.04 |
46.2 |
59.5 |
61 |
1.5 |
0.01 |
0.15 |
0.3 |
69 |
77 |
8 |
0.01 |
0.11 |
0.7 |
70.5 |
72 |
1.5 |
0.02 |
0.18 |
0.9 |
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