Big Valley Resources - Extensions of High Grade Mineralization on Lloyd 2 Development Area.WILLIAMS LAKE, British Columbia--(BUSINESS WIRE)--Sept. 24, 1996--BIG VALLEY RESOURCES (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :BV) Mr. Lloyd Tattersall tat·ter·sall also Tat·ter·sall n. 1. A pattern of dark lines forming squares on a light background. 2. Cloth woven or printed with this pattern. adj. , President, announces that definition diamond drilling continues on the Company's 100 percent owned Lloyd-Nordik copper-gold property located 65 km. east of Williams Lake, British Columbia Williams Lake also known as BC's Stampede Capital is a city in British Columbia, Canada. Located in the Cariboo District, it is the largest urban centre between Kamloops and Prince George. The population is 10,744. . Drill hole 95-64 is located approximately 10 metres from the surveyed boundary between Big Valley and Imperial Metals Corp.'s Mount Polley gold-copper deposit. Drill hole No. 96-64 was drilled 50 metres east of 96-59 which intersected 196.8 feet of 1.45 percent Cu and 0.057 oz/tonne gold. Drill hole 96-64 intersected two well 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. Assay results of the zones are: -0-
Hole Interval Length Copper Gold
No. (ft) (ft) (percent) oz/t
---------- ---------- ------ --------- -----
96-64
(includes) 295 - 367 72 0.65 0.019
295 - 308 13 1.02 0.038
472 - 492(x) 26 0.79 0.03
(x) Drill hole terminated in mineralized material. The host rock of the 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. in both 96-59 and 96-64 is a felsic fel·sic adj. Containing a group of light-colored silicate minerals that occur in igneous rocks. [fel(dspar) + s(ilica) + -ic. breccia breccia: see conglomerate. breccia Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured. healed with magnetite. This same favourable host rock was intersected in drill hole 96-65, which is open in the western part of the Lloyd 2 Development Area, approximately 160 metres west of drill hole 96-64. Assays are pending for drill hole 96-65 and copper mineralization is visible in the breccia host rock. On the BV claims, a ground magnetic survey has been completed over a geochemical survey grid. Results of the soil sampling and magnetic surveys will be reported when compiled. The Company also announces that it has received all proceeds from an $850,000 private placement, is finalizing documentation and will close the private placement no later than the end of September. ON BEHALF OF THE BOARD Lloyd Tattersall President The Alberta Stock Exchange has neither approved or disapproved the information contained herein. CONTACT: Big Valley Resources Inc. Mr. Lloyd Tattersall, 604/243-2337 or Big Valley Resources Inc. Ms. Kelly MacDonald, 604/922-6998 or Big Valley Resources Inc. Mr. Barry Lee, 403/571-7201 |
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