28.47 g/t Over 11.70 m-0.83 ozs/t Over 38.39 feet-Cut By DDH BC10-1 New High Grade Gold Structure Discovered at Gold Eagle Mine Property, Red Lake, ON.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Southern Star Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:SSR (Scalable Sampling Rate) See AAC. SSR - Scalable Sampling Rate ) and Exall Resources Limited (TSX:EXL EXL Ethernet Accelerator EXL Expiration Notice (insurance) EXL Expression List EXL Extended Learning ) announced today the intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of a significant mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. gold structure discovered during the current Bruce Channel Bruce Channel (pronounced "shuh-NELL") (born Bruce McMeans, 28 November 1940, Jacksonville, Texas) is an American singer, known for his 1962 number one hit, Hey! Baby. drill program at the Gold Eagle Mine Property in Red Lake, Ontario Red Lake is a municipality and census subdivision 535 km north-west of Thunder Bay, Ontario, Canada. The municipality consists of 6 small towns ( Balmertown, Cochenour, Madsen, McKenzie Island, Red Lake and Staratt-Olsen) and has a local population of approximately 8,500 people. . Drill hole BC10-1 and BC10-2, were designed to test the vertical continuity and extent of the gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. encountered in BC4. From May 27 to August 13, 2005 approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 2,700 metres of drilling was completed. Structural continuity can be seen over a current vertical distance of 350 metres from BC4 through BC10-1 and BC10-2. Drill hole BC10-3 is now being drilled between BC10-1 and BC10-2. Subsequent drilling is expected to be targeted below drill hole BC10-1 which has intersected the highest grades and thickest widths found on the Gold Eagle Mine Property to date. The structure remains open at depth and along strike. The highlights of the drill program include:
DDH BC10-1:
- Between 1,080 metres and 1,596 metres (hole stopped in
mineralization) drilling encountered a 516 meter intersection
with multiple high grade gold zones and contiguous anomalous gold
throughout;
- The Balmer Assemblage, host to Goldcorp's Red Lake Mine, was
intersected starting at a down hole depth of 518 metres;
- From 1,234.03 - 1,245.73 m this hole graded 28.47 grams/tonne over
11.70 metres (0.83 ounces/ton over 38.39 feet) including a section
of 3.77m @ 10.67 g/t (12.37 ft @ 0.31 oz/t) and another section of
2.99m @ 98.86 g/t (9.81 ft @ 2.83 oz/t). The section in between
these two carried gold values of 4.94m @ 0.67 g/t (16.21 ft
@ 0.02 oz/t) in the same rock unit as the two higher grade sections
referred to above.
DDH BC10-2:
- From 1,250.42 to 1,260.66 intersected 10.24 metres grading 6.57 g/t
(0.19 oz/t over 33.6ft);
- From 1,456.98 to 1,459.55 intersected 2.57 metres grading 42.37 g/t
(1.24 oz/t over 8.43 ft);
- This hole intersected the target area at an elevation 150 metres
above BC10-1 and encountered the same mineralized zones showing
structural continuity through to the initial intersection
encountered in BC4, 200 metres above BC10-2.
The significant results are as follows:
BC10-1 (Dip - 74 Degrees, Azimuth 347 to 010 Degrees)
-------------------------------------------------------------
Intersection
(in Metres) Length Gold
-------------------------------------------------------------
Grams Ounces
per per
From To Metres Feet tonne ton
-------------------------------------------------------------
-------------------------------------------------------------
933.00 933.63 0.63 2.07 3.41 0.10
-------------------------------------------------------------
1080.92 1083.70 2.78 9.12 3.12 0.09
-------------------------------------------------------------
1087.74 1093.80 6.06 19.88 4.44 0.13
-------------------------------------------------------------
1095.00 1096.20 1.20 3.94 5.15 0.15
-------------------------------------------------------------
1098.95 1101.00 2.05 6.73 2.29 0.07
-------------------------------------------------------------
1121.20 1122.41 1.21 3.97 2.58 0.08
-------------------------------------------------------------
1125.75 1131.40 5.65 18.54 3.20 0.09
-------------------------------------------------------------
1137.00 1138.27 1.27 4.17 112.13 3.27 VG
-------------------------------------------------------------
Including 0.35 1.15 373.51 10.89
-------------------------------------------------------------
1141.10 1143.95 2.85 9.35 2.23 0.07 VG
-------------------------------------------------------------
1172.37 1173.62 1.25 4.10 32.98 0.96 VG
-------------------------------------------------------------
Including 0.63 2.07 62.05 1.81
-------------------------------------------------------------
1196.50 1198.52 2.02 6.63 6.70 0.20 VG
-------------------------------------------------------------
1234.03 1237.80 3.77 12.37 10.67 0.31
-------------------------------------------------------------
Including 0.65 2.14 34.18 0.98
-------------------------------------------------------------
1242.74 1245.73 2.99 9.81 96.86 2.83 VG
-------------------------------------------------------------
Including 0.24 0.79 973.90 28.41
-------------------------------------------------------------
1346.10 1346.40 0.30 0.98 394.05 11.51 VG
-------------------------------------------------------------
1368.58 1371.46 2.88 9.45 37.40 1.09 VG
-------------------------------------------------------------
Including 0.39 1.28 109.04 3.18
-------------------------------------------------------------
Including 0.28 0.92 176.16 5.14
-------------------------------------------------------------
1409.10 1409.80 0.70 2.30 22.01 0.64
-------------------------------------------------------------
1411.13 1411.95 0.82 2.69 15.13 0.44 VG
-------------------------------------------------------------
1438.85 1439.21 0.36 1.18 14.23 0.42 VG
-------------------------------------------------------------
1503.85 1504.50 0.65 2.13 4.32 0.13
-------------------------------------------------------------
1519.60 1520.40 0.80 2.62 6.11 0.18
-------------------------------------------------------------
1526.25 1527.24 0.99 3.25 9.08 0.27 VG
-------------------------------------------------------------
BC10-2 (Dip - 64 Degrees, Azimuth 333 to 353 Degrees)
Intersection
(in Metres) Length Gold
-------------------------------------------------------------
Grams Ounces
per per
From To Metres Feet tonne ton
-------------------------------------------------------------
-------------------------------------------------------------
1240.00 1242.00 2.00 6.56 5.17 0.15 VG
-------------------------------------------------------------
1250.42 1260.66 10.24 33.60 6.57 0.19 VG
-------------------------------------------------------------
Including 0.46 1.51 47.10 1.37
-------------------------------------------------------------
Including 0.31 1.02 20.64 0.60
-------------------------------------------------------------
Including 0.72 2.36 31.81 0.93
-------------------------------------------------------------
1262.88 1264.35 1.47 4.82 21.59 0.63 VG
-------------------------------------------------------------
1277.38 1282.16 4.78 15.68 1.58 0.05 VG
-------------------------------------------------------------
1290.60 1291.80 1.20 3.94 2.85 0.08
-------------------------------------------------------------
1381.60 1384.55 2.95 9.68 2.00 0.06
-------------------------------------------------------------
1439.48 1444.81 5.33 17.49 3.72 0.11 VG
-------------------------------------------------------------
1456.98 1459.55 2.57 8.43 42.37 1.24 VG
-------------------------------------------------------------
Including 0.42 1.38 246.85 7.20
-------------------------------------------------------------
1462.88 1463.38 0.50 1.64 16.39 0.48
-------------------------------------------------------------
1464.67 1465.00 0.33 1.08 11.07 0.32 VG
-------------------------------------------------------------
1468.85 1470.34 1.49 4.89 2.65 0.08 VG
-------------------------------------------------------------
Notes:
VG - Visible gold
Lengths reported are core intersection lengths and do not represent
true widths. It is anticipated that true width estimates will be
possible after additional drilling.
Conversion: g/tonne x 0.0292 = Troy ozs. / short ton. Trace
mineralization noted includes Po, Py, Cpy, AsPy and coarse
visible Gold.
The Bruce Channel target area of the Gold Eagle Mine Property lies at the meeting point of two of the major gold bearing trends present in the Red Lake mining camp. From the east runs a major trend hosting Goldcorp's Red Lake, Placer Dome's Campbell Campbell, city, United States Campbell, city (1990 pop. 36,048), Santa Clara co., W Calif., in the fertile Santa Clara valley; founded 1885, inc. 1952. and the Cochenour-Willans mines. From the north east runs the East Bay trend which hosts several currently active large scale exploration projects (Wolfden/Placer Dome dome, a roof circular or (rarely) elliptical in plan and usually hemispherical in form, placed over a circular, square, oblong, or polygonal space. Domes have been built with a wide variety of outlines and of various materials. , Rubicon Rubicon (r  `bĭkŏn), Lat. Rubico, small stream that flows into the Adriatic and in Roman times marked the boundary between Cisalpine Gaul and ancient Italy. In 49 B.C. Minerals, etc.) and past producers
(Marboy, Abino etc.).Qualified Person The Gold Eagle Mine Property drill program is being carried out under the direction of Mr. John F. Whitton Whitton can refer to: People
Sample preparation and assay ASSAY. A chemical examination of metals, by which the quantity of valuable or precious metal contained in any mineral or metallic mixture is ascertained. 2. By the acts of Congress of March 3, 1823, 3 Story's L. U. S. 1924; of June 25, 1834, 4 Shars. cont. Story's L. U. S. procedures are carried out by SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions Laboratories in Red Lake using standard fire assay method with AA finish and metallics. Independent View Mr. Chester Chester, city and district, England Chester, city (1991 pop. 80,154) and district, Cheshire, W central England, on a sandstone height above the Dee River. It is a railroad junction. Manufactures include electrical equipment, paint, and window panes. Kuryliw, P.Geo., a consulting geologist to the Gold Eagle Mine Property Joint Venture, noted "the deep drill results indicate a broad trend of fracturing that is flooded with gold, of much significance is that the gold flooding Refers to various denial-of-service techniques that saturate a critical resource, leading either to system failure or to the exclusion of legitimate access. See e-mail bombing, Fraggle attack, smurf attack and SYN-flood attack. is continuous over the tested area. It is also significant and encouraging that the habit of the richest gold intersections occurs together with a light bluish blu·ish also blue·ish adj. Somewhat blue. blu  ish·ness n. vitreous vitreous /vit·re·ous/ (vit´re-us)1. glasslike or hyaline. 2. vitreous body. primary persistent hyperplastic vitreous quartz quartz, one of the commonest of all rock-forming minerals and one of the most important constituents of the earth's crust. Chemically, it is silicon dioxide, SiO2. . The richest gold ores mined at Goldcorp's Red Lake and Cochenour mines and Placer Dome's Campbell mine contained such bluish quartz. The structural control of the richest gold shoots within the broad, continuous trend is yet uncertain, but, rich drill intersections have been intersected, which augers well for the occurrence of rich gold structures." Mr. Kuryliw was the Chief Mine Geologist and Mine Superintendent at the Cochenour-Willans gold mine and did underground mapping and consulting at the McKenzie Red Lake Mine in Red Lake, Ontario during the 1950's and early 1960's. These two mines form the eastern and northern boundaries Natural or artificial separations or divisions between adjoining properties that show their limits. Boundaries are used to establish private and public ownership by determining the exact location of the points at which one piece of land is distinguishable from another. , respectively of the Gold Eagle Mine Property and are now controlled by Goldcorp Goldcorp (TSX: G, NYSE: GG) is one of the world’s largest gold mining companies with the strongest production growth profile among all major gold companies. Inc. The statements made in this News Release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release. Southern Star Resources Inc. (TSX VENTURE:SSR) |
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