Sarissa Resources Inc (SRSR): Here's what Golden Chalice has to say ab...

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Re: cmzio post# 1928

Friday, 11/16/2007 12:05:04 PM

Friday, November 16, 2007 12:05:04 PM

Here's what Golden Chalice has to say about the Shilligton (Deadmoose Area)

Shilligton
Located approximately 24 kilometers northwest of Elk Lake, Ontario. The Shillington property is south of the Matachewan gold camp and northeast of the famed Gowganda silver camp, second only to the Cobalt area in terms of its silver production.

Earlier workers in the area have reported significant gold and silver mineralization occurring within altered Huronian sediments, diabase dikes and syenite. The Lavigne Lake Silver Mining Company reportedly had zones containing 1.25 opt gold and 20 opt silver over 30 feet, with another zone averaging 14 pennyweights (0.7 opt) gold over 20 feet for great length. Whereas the Chicago-Gowganda property had 0.35 opt gold over 20 feet on the 185 foot level of the mine. The Stibbard-Morrison Property was reported to be the best of the properties, however no assays were given. The exact locations of the mined zones are not known. They were last worked in 1911.

Combined ground magnetometer and VLF surveys have delineated E-W anomalies within and proximal to northwest trending structural corridors that coincide with a number of historical trenches and shafts dating back to the early 1900’s. Drilling to explore for the Lavigne Lake zone intersected a brecciated zone of quartz stockwork with patches of semi-massive chalcopyrite hosted within hematitic and potassic altered greywackes. The quartz breccia zone dips subvertically to the north. One zone returned a value of 1.50% Cu over 10.30 meters from 25.0 to 35.30 meters, including 1.98% Cu over 3.4 meters from 25.60 to 29.0 meters. Another hole intersected 2.0% Cu over 6.0 meters.
http://www.goldenchaliceresources.com/Properties/Gold/Ontario/tabid/966/Default.aspx