Normabec: Drilling at Pitt Gold Intersects 10.43 g/t Au Over 3.0 Meters and 11.11 g/t Au Over 1.8 M
18 Março 2008 - 11:04AM
Marketwired
ST-BRUNO, QUEBEC (TSX VENTURE: NMB)(FRANKFURT: N6M) 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.
Normabec previously released impressive results from its first
two first holes of the season (See Press Releases dated February
28, 2008 and January 29, 2008). The current release lists more
excellent results from its completed third drill hole as per the
table below:
DRILL HOLE FROM TO LENGTH GRADE
(m) (m) (m) g/t Au
PG2008-01 277.0 279.00 2.0 1.53
426.0 429.0 3.0 10.43
443.0 477.0 34.0 1.61
including 443.0 449.0 6.0 3.30
and 466.0 477.0 11.0 2.31
570.9 572.7 1.8 11.11
Hole PG2008-01 is located 100 metres to the east of the
previously released PG2007-07 (February 2008, 35.18 g/t Au over 5.0
meters). The mineralized intervals between 426 and 477 metres
correspond to the expected location of Zone 1 while the 11.11 g/t
Au between 570.9 and 572.7 corresponds with mineralization
encountered in Zone 2. Of significance, it is the first time that
such a long, continuously mineralized interval (34 meters) has been
reported from Pitt Gold project. It is hosted by weakly mineralized
and moderately silicified and sericitized felsic units
(sub-volcanic QFP intrusions and related rhyolitic extrusive rocks)
exhibiting 1-5% disseminated pyrite. This mineralization is open up
dip and will be drill tested in the coming weeks.
Drilling is ongoing with one drill rig, having now completed
approximately 4,500 meters during this phase. Five holes have been
completed and one is in progress. As mentioned above, results have
now been received and reported for the first three holes. Drilling
is performed on a semi-systematic 50 X 50 meter grid in order to
properly define zones 1 and 2 and other gold bearing structures
identified in previous drilling programs.
Samples were prepared and assayed at Laboratoire Expert of
Rouyn-Noranda and were subjected to fire assay with AA finish. A
batch of 16 samples were also sent to ALS Chemex in Val d'Or.
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 21,000 meters of drilling on the property since the
signing of this agreement. Notably, the company has recently
notified its partners that it has facilitated the conditions of its
earn-in under the aforementioned agreement to qualify for the
acquisition of an additional 20 percent undivided interest in the
property. Normabec is in the process of preparing all documentation
pertaining to this notification.
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.
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 www.normabec.com Normabec Mining
Resources Ltd. Louis Morin Director Investor Relations 514-591-3988
louis.morin@normabec.com
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