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Marquee Resources Ltd.
Summary
| Project: | Werner Lake | |
|---|---|---|
| Deposit: | Werner Lake | |
| Location: | Canada | |
| Commodities: | Cobalt-Copper-Gold | |
| Date: | 10/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-10-2018: Marquee Resources Ltd. announces an Exploration/Drilling Update report for its Werner Lake deposit at the Werner Lake project. Drilling results incl. 3.90m @ 0.214% Co, 0.120% Cu from 346.0m. Marquee Resources Limited (“Marquee” or the “Compan | |
| Resources: | (not mentioned in this report) | |
| 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 the assay results from drill holes WL 18-08 to WL 18-13 (Table 1) at its Werner Lake Cobalt Project (“Werner Lake”), located in Ontario, Canada. WL 18-08 was drilled on section 359,840 E (Figure 1) and was designed to infill between mineralised intercepts drilled during the 2009-2010 drill program by Puget Ventures Inc. (“Puget”) and drilling by Canmine Resources Corp. (“Canmine”) in 1996-1997. The hole successfully intersected a sequence of the “Mixed Unit” over approximately 11 m core length. The hole returned two significant intercepts; 0.534% Co over 0.55 m (from 202.75 m) and 0.159% Co over 0.73 m, from 210.2 m (Table 1). These intercepts correlate well with historical drill holes WL-10-28 (0.404% Co over 1.69 m; from 233.11 m) and will help to confirm the mineralised zone on this section WL 18-09 was drilled on section 359,870 E (Figure 2) and was designed to infill between sections and to extend mineralisation down plunge. A wide zone of the “Mixed Unit” with varying amounts of disseminated sulphides was encountered. The most significant intercept in the hole was 0.365% Co over 0.89 m, from 253.86 m (Table 1). WL 18-10 was drilled on section 359,930 E (Figure 3) and to test a potential gap in mineralisation approximately 150 m below surface. The targeted “Mixed Unit” with disseminated sulphide mineralisation was encountered at 138 m down hole and again at 158 m down hole. Both zones returned narrow intercepts with copper mineralisation (Table 1). The hole successfully hit the prospective targeted unit(s), but cobalt mineralisation was not strong. Results are consistent with historical values in this area. | |
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