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Canadian Orebodies Inc.
Summary
| Project: | Wire Lake | |
|---|---|---|
| Deposit: | Candlestick-North Hill | |
| Location: | Canada | |
| Commodities: | Gold-Arsenic-Copper-Lead-Zinc | |
| Date: | 8/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-8-2017: Canadian Orebodies Inc. announces an Exploration/Drilling Update report for its Candlestick-North Hill deposit at the Wire Lake project. Drilling results incl. 18.7m @ 2.6g/t Au from 8.3m. TORONTO, August 21, 2017 -- Canadian Orebodies Inc. (th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Mackie (Internal) | |
| ABSTRACT: | TORONTO, August 21, 2017 -- Canadian Orebodies Inc. (the “Company”) (TSXV:CORE) is pleased to announce the recent completion of its initial drill program and first drill assays from its Wire Lake Project. The program consisted of twenty-two holes being drilled (WL-2017-001 to 009, 009a, and 010 to 21) totalling 3,069 metres. Complete assay results have been received from the first seven holes, which were drilled on the area around the Candlestick-North Hill Zone. The Candlestick-North Hill Zone is co-incident with a 1,200 metre long I.P. chargeability anomaly defined in the recently completed I.P. survey (see press release dated July 10, 2017). Historic work on the Wire Lake Property suggests that the I.P. anomaly could continue for another 600 metres to the northwest. Highlights from the initial results include: 2.6 gpt Au over 18.7 metres (2.0 gpt Au cut to 31.1 gpt) including a 0.5 metre section containing several small specks of visible gold which assayed 57.1 gpt Au in WL-2017- 001; and 1.4 gpt Au over 13 metres and 0.8 gpt Au over 28 metres (including 1.6 gpt Au over 10.6 metres) in WL-2017-002. "We are very encouraged by the first batch of assay results from the Wire Lake drill program. These results begin to verify our historical understanding of the Wire Lake Gold Zone and further demonstrate the breadth of near-surface mineralization in this gold system,” said Gordon McKinnon, President and CEO of Canadian Orebodies. "Our phase one drill program at Wire Lake was the first in over 22 years and it went flawlessly thanks to our geological team, service providers and drill contractor. We look forward to receiving additional assay results in the near future." | |
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