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Cleghorn Minerals Ltd.
Summary
| Project: | Meech Lake | |
|---|---|---|
| Deposit: | Matachewan | |
| Location: | Canada | |
| Commodities: | Nickel-Gold-Copper-Platinum-Palladium-Silver-Cobalt | |
| Date: | 10/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-10-2018: Cleghorn Minerals Ltd. announces an Exploration/Drilling Update report for its Matachewan deposit at the Meech Lake project. Drilling results incl. 2.5m @ 0.21G/T Au, 1.37g/t Ag, 0.53% Zn from 27.15m. VAL-D’OR, Québec, Oct. 24, 2018 -- Cleghor | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Micheal Rosatelli (Independent) | |
| ABSTRACT: | VAL-D’OR, Québec, Oct. 24, 2018 -- Cleghorn Minerals Ltd. (“Cleghorn” or the “Company”) is pleased to announce the discovery of a second mineralized trend (Gold-Silver-Zinc), on the Company’s 100%-owned Meech Lake – Matachewan Prospect. The new Au-Ag-Zn mineralization was intersected at the Waterhole Showing on the property located approximately 290 metres south of the Ni-Cu-PGE Kell’s Showing (please refer to the press release dated October 1, 2018 for full details of the drill results). Drillholes ML-001 to ML-006 tested the historical surface pits and trenches at the Waterhole Showing over a strike length of 70 metres. The objective of the initial drill program at the Waterhole Showing was to confirm the historical documented mineralization defined by a series of trenches (circa 1930’s; Hugh Kell’s). In addition, a historical diamond drillhole (New Kelore Mines Limited, 1974, AFRI: 42A02SW0098) that tested the area was reported to have intersected gold mineralization grading 0.21oz/t Au (7.2g/t Au) & 1.35% Zn over 3.2 feet (0.97 metres). Stripping conducted by Cleghorn concurrent with the drill program over the wide area of the historical trenches identified widespread quartz veining and sulphide mineralization. A broad zone of zinc mineralization was intersected in the drillholes with associated gold and silver. All anomalous Au-Ag-Zn assay results for ML-18-001 appear to be associated with quartz veins (+/- carbonate) with trace to high percentages of sulphides (including moderate percentage of sphalerite) and are hosted in aphanitic to porphyritic andesite. The anomalous Au-Ag-Zn assay results for ML-18-003 are hosted within a strong black chlorite altered section of coarsegrained syenite that appears to be weakly sheared. This section includes a high percentage of sphalerite. | |
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