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Project: | Wire Lake | |
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Deposit: | Wire Lake | |
Location: | Canada | |
Commodities: | Gold-Arsenic-Copper-Lead-Zinc | |
Date: | 9/19/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 19-9-2018: Canadian Orebodies Inc. announces an Exploration/Drilling Update report for its Wire Lake deposit at the Wire Lake project. Old drillholes, new assay results incl. 0.38m @ 23.90g/t Au. TORONTO, Sept. 19, 2018 -- Canadian Orebodies Inc. (the “Co | |
Resources: | x | |
CP/QP: | [Overall Report]: Bruce Mackie (Independent) | |
ABSTRACT: | TORONTO, Sept. 19, 2018 -- Canadian Orebodies Inc. (the “Company”) (TSXV:CORE) is pleased to announce a significant increase in grade of the historical Super G Vein drill core by limited check assaying with metallic screen fire assay and provide an update on its 2018 field work which commenced in June and continues at the Company’s Wire Lake project, which includes the Black Raven, Goodchild, Sprucejack, and Wire Lake properties. The Super G Vein was discovered by Hemlo Gold Mines Inc. in 1993. High-grade visible-gold bearing, quartz vein float boulders on the north shore of Smoke Lake returned grab samples assaying up to 32.3 gpt Au. Follow-up work led to the discovery of surface samples which produced bonanza grades up to 846.40 gpt Au and 570.00 gpt Au*. Drilling by Entourage Metals Ltd. in 2011-12 returned assay results of 44.57 gpt Au (uncut) over a drilled width of 2.38 metres* and defined a narrow but locally high-grade quartz vein system over a strike length of 400 metres and to a depth of 130 metres. Limited check assaying using metallic screen fire assay of historic intercepts from the Super G Vein have significantly increased gold grades by an average of 31%, based on 9 samples grading greater than 1.00 gpt Au, including one interval in historical drill hole BR-12-18 which was upgraded from 14.10 gpt Au over 0.38 meters to 23.90 gpt Au over 0.38 meters, representing a 70% increase. | |
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