Columbia Yukon - Fire Assays Update Confirms Continuity of Strong Cobalt Values - ML 1506 - Alliger Lake, Labrador.VANCOUVER, B.C.--(BUSINESS WIRE)--June 20, 1996--Drill core sample assays from drill hole #7 on ML 1506 in the Alliger Lake area have been received. The intersection of 9.75 meters (32 feet) of massive and disseminated disseminated /dis·sem·i·nat·ed/ (-sem´i-nat?ed) scattered; distributed over a considerable area. dis·sem·i·nat·ed adj. Spread over a large area of a body, a tissue, or an organ. sulphides is believed to be close to a true width and represents a thickening thick·en·ing n. 1. The act or process of making or becoming thick. 2. Material used to thicken: stir in a thickening of flour and water. 3. A thickened part. of the overall 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. . Assay results for the better grade horizons within the section indicate good continuity of mineralization with cobalt Cobalt, town, Canada Cobalt (kō`bôlt), town (1991 pop. 1,470), E Ont., Canada, NE of Sudbury, near Lake Timiskaming. Once a center for cobalt and silver mining, the area is now economically depressed. values comparable to those in the first drill hole in this conductor and the highest grade mineralization was again found in an interval at the base of 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. section. The drill intervals and assays for 1506-6 on an unrelated conductor believed to be higher in the system and 1506-7 follow: -0-
DDH# FROM TO INTERVAL NICKEL COPPER COBALT
(m.) (m.) (m.) (percentage)
1506-6 209.23 209.68 0.45 0.44 0.55 0.099 1506-7 43.65 46.46 2.81 0.63 0.57 0.095 1506-7 48.25 49.62 1.37 0.55 0.16 0.079 1506-7 50.78 51.48 0.70 0.65 0.25 0.094 1506-7 61.24 62.04 0.80 0.75 0.55 0.113 The new results confirm strong indications of mineralization in the layered troctolitic rocks on ML 1506. Columbia Yukon Resources Ltd. is planning to continue systematic exploration with further testing of the claims using deep search geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. methods and a higher capacity drill rig. Silverstone Resources Ltd. (SVT-VSE) has an option to earn a 50 percent interest in the claims with Columbia Yukon Resources Ltd. as the operator. ON BEHALF OF THE BOARD OF DIRECTORS BENJAMIN AINSWORTH, DIRECTOR -0- NOTE TO EDITORS: The Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). nor any other regulatory body has reviewed this news release and therefore do not accept responsibility for the adequacy or accuracy of this release. CONTACT: Columbia Yukon Resources Ltd. Benjamin Ainsworth, 604/683-3070 604/683-2308 (Fax) |
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