Arauco Resources Corporation Drilling Adds to Goose Lake Deposit.TORONTO--(BUSINESS WIRE)--Aug. 20, 1997--Arauco Resources Cor (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ARU ARU Australian Rugby Union ARU Anglia Ruskin University (Cambridge and Chelmsford, UK) ARU Audio Response Unit ARU Ardhi University (Tanzania) ARU Aquarium Rescue Unit (band) .) Arauco Resources Corp. announces that the 15,000-metre infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. drilling program consisting of 143 holes at its George Lake gold property in the Northwest Territories Northwest Territories, territory (2001 pop. 37,360), 532,643 sq mi (1,379,028 sq km), NW Canada. The Northwest Territories lie W of Nunavut, N of lat. 60°N, and E of Yukon. has been completed. When all assays from the infill program have been received, the resource will be updated. Prior to this year's program, the estimated resource at George Lake was 3,156,870 tonnes grading 13.4 grams gold per tonne or about 1,361,735 ounces. Arauco also announces that initial exploration assays have been received from the nearby Goose Lake Goose Lake may refer to: The United States
adj. 1. Not producing offspring. 2. Incapable of producing offspring. barren see infertility. barren adjective Gynecology Infertile, sterile, fruitless, inconceivable diabase diabase: see basalt. diabase or dolerite Fine- to medium-grained, dark gray to black intrusive igneous rock. Diabase is one of the dark rocks known commercially as “black granite. dyke. The hole instead extended all three zones of the Goose Lake deposit, with the following results: -0- -------------------------------------------------------------- Hole Intersection (m) Core length (m) Grade (g/tonne) -------------------------------------------------------------- 97-GO-001 184.5-189.9 5.0 5.54 -------------------------------------------------------------- and 210.6-234.9 22.95 13.6 -------------------------------------------------------------- and 252.8-254.7 1.95 33.3 -------------------------------------------------------------- -0- The hole intersected the 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. zones at an estimated 67 percent of true width. The nearest hole to this was drilled in 1993 by a past operator 30 metres southeast and 25 metres deeper, and returned a number of intersections including 20.0 grams gold per tonne over 1.5 metres and 12.6 g/tonne over 3.0 metres. A hole drilled in 1994 a further 60 metres southeast and 50 metres deeper returned 13.1 g/tonne over 1.6 metres; 11.3 g/tonne over 5.3 metres and 14.8 g/tonne over 1.5 metres. A recent hole drilled 30 metres above 97-GO-001 is out for assay. The zone is open down plunge. In light of the above results, Arauco is considering additional drilling to test the down-plunge extension of the zone this season. Prior to this year's program, the estimated resource at the Goose Lake deposit was 1,393,000 tonnes grading 13.8 grams gold per tonne, or about 619,000 contained ounces. Initial assays have also been received from the Hammer Zone on the Boot Lake property. The best results from the first four holes returned 5.5 g/tonne across 3.9 metres and 6.7 g/tonne across 1.0 metre. Further assays will be reported as they are received. CONTACT: Arauco Resources Corporation Kerry Knoll, 800/889-3406 |
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