Paget Minerals Provides Exploration Plan for Ball Creek Gold-Copper Property in B.C.
07 Setembro 2011 - 3:50PM
Marketwired Canada
Paget Minerals Corp. (TSX VENTURE:PGS) ("Paget" or the "Company") is pleased to
provide its exploration plan and additional background data for the newly
acquired Ball Creek Gold-Copper-Molybdenum-Silver (Au-Cu-Mo-Ag) property in
Northwestern British Columbia (see news release of September 2, 2011).
The Ball Creek property contains five porphyry Au-Cu-(Mo-Ag) systems (Ball
Creek, Goat/Cliff, Mess Creek, North More and North Rainbow), and four
epithermal Au-Ag systems (Lower Rainbow, Upper Rainbow, Rojo Grande and HP)
within 144 claims covering over 47,200 hectares. The gold-enriched Ball Creek
porphyry is the most accessible porphyry system in the Iskut region, located 37
kilometres ("kms") from the Bob Quinn transfer station on the new Northwest
Transmission Line and 8 kms west of Highway 37 ((Galore Creek (NovaGold/Teck
Resources) - 82 kms, Red Chris (Imperial Metals) - 90 kms and Schaft Creek
(Copper Fox) - 67 kms from the transmission line)).
David Volkert, President and CEO, stated, "In addition to the excellent
potential for gold-copper porphyry deposits, peripheral epithermal targets at
Ball Creek contain high-grade gold values of 5-59 grams per tonne ("g/t") that
could enhance the value of the Ball Creek Porphyry. The North Rainbow,
Goat/Cliff, Mess Creek and North More porphyry targets add further long-term
potential making the entire Ball Creek property highly prospective."
The exploration plans for the remainder of the 2011 season, weather permitting,
include drilling on the following targets:
-- Upper Rainbow epithermal target: sediment-hosted, structurally-
controlled mineralization with highs of 19 and 59 g/t Au and 106 and 169
g/t Ag from surface sampling,
-- North Rainbow porphyry target: volcanic-hosted, Maricunga-style sheeted
veining with highs of 4.6 and 8.1 g/t Au and 0.29% Cu from surface
sampling,
-- Ball Creek porphyry target: a deep drill hole (800-1,000 metres) to test
the depth potential of historic drilling that returned 231 metres @ 0.54
g /t Au and 0.21% Cu.
Disclosure of a technical or scientific nature in this news release has been
reviewed and approved by David Volkert, AIPG, who serves as a Qualified Person
under the definition of National Instrument 43-101.
About Paget Minerals Corp.
Paget Minerals Corp. is a British Columbia company focused on mineral
exploration and the advancement of a diverse range of precious metal and copper
projects in British Columbia, Mexico and Colombia, all under active exploration
with drill projects in B.C. including Ball Creek, Chist Creek, Icy Lake, Fae and
Slam.
On Behalf of the Board of Paget Minerals Corp.,
David F. Volkert, President & CEO
Paget Minerals Corp. (TSXV:PGS)
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