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Canadian Orebodies Inc.
Summary
| Project: | Wire Lake | |
|---|---|---|
| Deposit: | Wire Lake, Smoke Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-12-2018: Canadian Orebodies Inc. announces an Exploration/Drilling Update report for its Wire Lake, Smoke Lake deposit at the Wire Lake project. Drilling results incl. 2.0m @ 133.2g/t Au from 141.3m. TORONTO, Dec. 11, 2018 -- Canadian Orebodies Inc. (t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Quentin Yarie (Independent) | |
| ABSTRACT: | TORONTO, Dec. 11, 2018 -- Canadian Orebodies Inc. (the “Company”) (TSXV:CORE) is pleased to announce that the first phase of drilling has been completed on the Company’s Wire Lake project, consisting of the Black Raven, Goodchild, Sprucejack, and Wire Lake properties. This first phase of the drill program comprised thirteen holes totalling 2098.3 metres. The drill program tested three areas on the Black Raven property including Super G, North Ridge, and Contact Lake, as well as three separate areas on the Wire Lake property: Kakeeway Zone, Lucky Seven and the West Zone. We are very excited to see the results from the Super G drilling. We likely identified a significant mineralized system in the Smoke Lake area composed of multiple gold-bearing structures in which each structure has potential to host high-grade gold mineralization. Our 2018 drilling also supports the down plunge continuity of the high-grade mineralization identified in the Super G structure with a significant improvement in grade from the historic Entourage Metals Ltd. holes located up and downplunge,” said Gordon McKinnon, President and CEO of Canadian Orebodies. “Our intersection from hole BR-2018-002 has produced one of the highest grade gold intercepts in the Hemlo Greenstone Belt outside of the Hemlo Mines complex, which was discovered in 1981. Looking into 2019, the combination of this season’s results, with the historic drilling results, will greatly improve our exploration model to expand the high-grade gold zones known in the system and to discover new ones.” Smoke Lake Gold System Five diamond drill holes totalling 785.3 metres were drilled in the Smoke Lake area to target the Super G vein. The results of the 2018 drilling suggested that the Super G vein is part of the much larger mineralized system referred to as the SLGS. From the integration of the historic and the 2018 drilling results, the SLGS is interpreted as an anastomosed network of mineralized structures in which gold mineralization is associated with mm-wide to cm-wide quartz stringers and veins with haloes of disseminated sulfides. Additional drilling is however necessary to confirm the interpreted geometry of the SLGS. | |
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