Normabec Intercepts 35.18 g/t Au Over 5.0 Meters on Pitt Gold
28 Fevereiro 2008 - 3:30PM
Marketwired
ST-BRUNO, QUEBEC (TSX VENTURE: NMB) is pleased to announce
additional results from its on-going winter drilling program on the
Pitt Gold property, located along the Porcupine-Destor Break, some
35 km north of Rouyn-Noranda, in the Abitibi region of Quebec.
In January, the company released results from the first hole
PG2007-06 (1) (Zone 2: 11.3 g/t Au over 2.0 meters from 651 to 653
metres along the hole). The following table includes results from
the second hole of the program (PG2007-07).
DRILL HOLE FROM TO LENGTH GRADE
(m) (m) (m) g/t Au
PG2007-07(1) 484.0 485.0 1.0 1.51
485.0 485.5 0.5 16.77
485.5 486.0 0.5 300.72
486.0 487.0 1.0 12.14
487.0 488.0 1.0 2.33
488.0 489.0 1.0 1.17
average 484.0 489.0 5.0 35.18(i)
514.0 516.0 2.0 1.75
(i) uncut
(1) Drill holes started in December 2007 and assayed in 2008
The impressive results obtained in PG2007-07 appear to
correspond to Zone 1. It is located 60 metres above hole DQ96-43
(6.05 g/t Au over 1.75 m) and 30 metres below hole PG2007-01 (7.47
g/t Au over 0.90 m). While the individual value of 300.72 g/t Au is
the highest ever returned from the property, it is interesting to
note that no visible gold was observed confirming that the
occurrence of gold is closely related to the sulphide
mineralization (fine pyrite).
Although the mineralized horizon of the property hosts several
gold bearing structures, Zone 1 and 2 host structures that exhibit
the best continuity encountered to date. Both zones of
mineralization can now be traced laterally and vertically for
approximately 500 metres. The intersection in PG2007-07 is found in
the central western portion of Zone 1.
Drilling on Pitt Gold continues with one drill rig. The company
is planning to complete approximately 8,500 meters of drilling
during this phase of the project with the principal objective being
to target and further delineate additional high grade
mineralization intersected since 2006 below the 450 meters level
(see PG2006-01). Of note to date, is that all of the ten gold
values above 34 g/t Au (1.0 oz/t) intersected so far on the project
were obtained below the 450 metre level.
Samples were prepared and assayed at Laboratoire Expert of
Rouyn-Noranda and were subjected to fire assay with AA finish.
Normabec has implemented a QAQC program which includes systematic
use of standards, blanks and duplicates. Values above 1 g/t Au are
systematically re-assayed.
The 2008 drilling program is being carried out under the
supervision of Mr. Pierre O'Dowd, Geologist and Qualified Person as
per National Instrument 43-101.
In 2007, Normabec acquired a 60 percent interest in the Pitt
Gold property, as per the option purchase agreement signed with
SOQUEM Inc. and GeoNova Exploration Inc. The Company has completed
more than 19,000 meters of drilling on the property since the
signing of this agreement. Normabec is now in the process of
earning an additional 20 percent interest in the property by
undertaking exploration expenditures (incl. drilling) of C$500,000
before June 2008.
SOQUEM is a wholly owned subsidiary of the Societe generale de
financement du Quebec (SGF). The mission of the SGF, an industrial
and financial holding, is to undertake economic development
projects, in the industrial sector, in cooperation with partners
and in compliance with the economic development policies of the
Quebec government.
GeoNova is a wholly owned exploration company of Campbell
Resources Inc., a mining Corporation which operates mainly in the
Chibougamau area (Quebec), and holds several gold and copper
properties.
We would like to take this opportunity to invite everybody to
visit Normabec at PDAC Core Shack booth 5018A on Sunday, March 2nd
and Monday, March 3rd. Normabec team will exhibit drill core from
the Real de Catorce Silver project in Mexico.
Normabec is a junior mining exploration company with a portfolio
of advanced exploration projects including: the Pitt Gold Project
in Quebec and the Real de Catorce Silver Project in Mexico.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this press release.
Contacts: Normabec Mining Resources Ltd. Robert Ayotte President
450-441-9177 info@normabec.com http://www.normabec.com/ Normabec
Mining Resources Ltd. Louis Morin Director Investor Relations
514-591-3988 louis.morin@normabec.com
Normabec Mining Resources Com Npv (TSXV:NMB)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Normabec Mining Resources Com Npv (TSXV:NMB)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024