Interesting, but I'm not sure of it has any relevance to CMKX.
The only thing I can understand is that Canada is starting to look like swiss cheese. Sorry if this was already posted!
Canadian Royalties Inc.: Early Hole Confirms Expo Northeast Mineralization
News Editors
MONTREAL--(BUSINESS WIRE)--July 27, 2004--Canadian Royalties (TSX
VENTURE:CZZ) reports it has received initial assay results from its extensive, ongoing diamond drill program being carried out on its property holdings in the Raglan South Trend area of Nunavik Quebec.
The first set of diamond drill core assay results include an interval in hole EX-04-71 from 95.9-120.45 meters that assayed 1.2% nickel (Ni), 1.0% copper (Cu), 0.38 g/t platinum (Pt), 1.23 g/t palladium (Pd), 0.06 % cobalt (Co) over a core length of 24.55 meters (80 feet).
The hole was targeted to test for the continuation of the Expo
northeast mineralization (discovered in 2003) below the lower contact of the Expo ultramafic body and below the bottom of hole EX-03-63, the last hole drilled in 2003 exploration program.
Hole EX-04-71 successfully intersected a lower ultramafic body below the mineralized ultramafic body that hosts the Expo deposit, at a depth of 95.9 meters, some 20 meters below the lower contact of the main Expo ultramafic body.
Massive and disseminated Ni-Cu-PGE bearing sulphides were
intersected from 95.9-120.45 meters. The sulphide mineralization includes an interval of massive sulphides from 95.9-101.22 that assayed 3.5% Ni, 3.3% Cu, 0.75 g/t Pt, 2.7 g/t Pd, 0.15% Co over a core length of 5.3 meters.
This sulphide intersection is located approximately 40 meters to the south of the sulphides intersected in hole EX-03-62 and the zone remains open to depth in this area. Holes 65,66 and 67 were collared approximately 425 meters to the west of hole 71 while holes 68, 69 and 70 were collared approximately 275 meters to the west of hole 71.
-0-
EX From To Width Ni Cu Co Au Pt Pd PGE
DDH (m) (m) (m) % % % g/t g/t g/t g/t
-----------------------------------------------------------
04-65 36.00 86.10 50.10 0.44 0.55 0.03 0.07 0.21 0.81 1.09
04-65 36.00 48.00 12.00 0.64 0.80 0.04 0.10 0.34 1.39 1.82
04-65 53.00 61.80 8.80 0.59 0.77 0.03 0.07 0.39 0.95 1.41
04-65 79.00 86.10 7.10 0.87 0.82 0.05 0.12 0.28 1.36 1.76
04-66 34.00 48.75 14.75 0.52 0.71 0.03 0.07 0.22 0.90 1.18
04-66 47.60 48.75 1.15 2.17 1.52 0.11 0.28 1.04 1.24 2.56
04-66 86.00 86.95 0.95 3.56 0.50 0.18 0.03 1.04 4.84 5.91
04-67 41.00 45.00 4.00 0.57 0.15 0.03 0.03 0.10 1.01 1.15
04-68 34.00 77.50 43.50 0.39 0.60 0.02 0.11 0.15 1.01 1.27
04-68 34.00 48.00 14.00 0.62 0.60 0.03 0.07 0.18 1.25 1.50
04-68 67.00 77.50 10.50 0.47 1.16 0.03 0.31 0.24 1.96 2.50
04-68 71.10 74.30 3.20 0.44 2.20 0.03 0.15 0.29 3.87 4.32
04-69 54.50 79.00 24.50 0.42 0.49 0.03 0.06 0.23 2.50 2.79
04-69 54.50 61.80 7.30 0.40 0.63 0.02 0.07 0.40 2.57 3.04
04-69 70.00 79.00 9.00 0.79 0.79 0.05 0.08 0.26 4.68 5.03
04-69 70.00 76.80 6.80 1.03 0.86 0.06 0.10 0.34 6.17 6.61
04-70 52.60 58.20 5.60 0.39 0.52 0.02 0.05 0.14 1.54 1.73
04-71 95.90 120.45 24.55 1.23 1.03 0.06 0.04 0.38 1.23 1.65
04-71 95.90 112.22 16.32 1.36 1.24 0.07 0.04 0.34 1.36 1.74
04-71 95.90 101.22 5.32 3.52 3.26 0.15 0.06 0.75 2.74 3.55
*T
Note: More detailed information on these intervals, including hole collar locations, dip angles, and a plan map showing holes, can be found at adianroyalties.com/en/ourbusiness/nickel/raglanproject/expodepo
sit.asp (Due to the length of this URL, it may be necessary to copy and paste it into your Internet browser's URL address field. You may also need to remove an extra space in the URL if one exists.)
For logistical reasons, drilling in the Expo and Expo Northeast areas continued for two weeks, and subsequently drilling was shifted to other priority areas on the extensive property. Drilling will continue on these other target areas which include Mesamax and surrounding area, Mequillon Lake, Giraffe as well as other, newly developed targets until September. At that time drilling will return
to the Expo area.
Bruce Durham, P.Geo. and President of Canadian Royalties Inc. is the designated Qualified Person responsible for the exploration program on the property and the person responsible for the preparation of this release.
The Company maintains a diligent protocol for its analytical work. The assay technique and protocol were designed with the assistance of Strathcona Mineral Services Limited and have been disclosed in various press releases and reports which are available on the Companys' website and on SEDAR.
Additional detail including maps, sections and assay data will be available on Canadian Royalties' website - www.canadianroyalties.com, and will be continuously updated as information become available.
Canadian Royalties has been actively and successfully exploring for magmatic sulphide related nickel-copper-cobalt-platinum-palladium-gold (Ni-Cu-PGE)mineralization in the area since the summer of 2001. Canadian Royalties holds various property interests in the area covering over 1400 square km., and all holes reported in this release were drilled on the Expo-Ungava Option/Joint Venture Property, in which Canadian
Royalties holds a 70% interest (an additional 10% may be earned upon completion of a bankable feasibility study). Canadian Royalties maintains a strong cash position and a portfolio of more than 200 property interests. For additional information please visit our website at www.canadianroyalties.com.
The Statements contained in this press release may contain
statements that may involve a number of risks and uncertainties. Actual events or results could defer materially from the Company's expectations and projections.
--30--SLB/cl*
CONTACT: Canadian Royalties Inc.
Glenn J. Mullan
Chairman
819-824-1030
mullan@canadianroyalties.com
OR
Canadian Royalties Inc.
Bruce Durham
President
514-879-1688, ext. 25
durham@canadianroyalties.com
KEYWORD: NEW YORK INTERNATIONAL CANADA
INDUSTRY KEYWORD: MINING/METALS
SOURCE: Canadian Royalties Inc.
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Jul-27-2004 13:28 GMT
Symbols:
CA;CZZ DE;CRQ DE;CRQF US;CRYA
Source BW Business Wire
Categories:
MST/I/MNG MST/L/EN MST/R/CA MST/R/US/NY TGT/BWN