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Marquee Resources Ltd.
Summary
| Project: | Werner Lake | |
|---|---|---|
| Deposit: | Werner Lake | |
| Location: | Canada | |
| Commodities: | Cobalt-Copper-Gold | |
| Date: | 8/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-8-2018: Marquee Resources Ltd. announces an Exploration/Drilling Update report for its Werner Lake deposit at the Werner Lake project. Drilling results incl. 5.5m @ 0.660% Co from 198.5m. Marquee Resources Limited (“Marquee” or the “Company”) (ASX:MQR) | |
| Resources: | (Resource, Ind.): 79.4Kt @ 0.43% Co | |
| CP/QP: | [Overall Report]: Paul Sarjeant (Independent) | |
| ABSTRACT: | Marquee Resources Limited (“Marquee” or the “Company”) (ASX:MQR) is pleased to announce that it has received assay results from drill holes WL 18-03 to WL 18-07 at its newly acquired interests in the Werner Lake Cobalt project (“Werner Lake”), located in Ontario, Canada. Marquee Managing Director Mr Charles Thomas Commented: “We are extremely encouraged to have intersected such high grade cobalt mineralisation in Phase 1 of Marquee’s drilling program. WL 18-07 is one of the best holes that has ever been drilled at Werner Lake and indicates the potential for this deposit to grow in both size and grade at depth.” “The team at Marquee in consultation with consultants AGP will use these Phase 1 results to plan the second phase of drilling which will target mineralisation at depth, which we believe has the potential to significantly increase the existing NI 43-101 Resource at Werner Lake .” WL 18-03 (Figure 1) was designed to test down dip potential of the mineralised zone on Section 359,660 E from Canmine drill hole J-041 (4.76m @ 0.426% Co). The hole encountered zones of sulphide mineralisation where expected based on historical data (Figure 1) representing an approximately 40 m extension of mineralisation. WL 18-04 encountered weak sulphide mineralisation in drill core and elevated cobalt values were observed (Table 1) where expected, indicating the mineralised horizon continues further at depth (Figure 1). | |
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