Columbia Yukon - Voisey's Bay Update - Drilling Results from VBE 1.VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 15, 1996-- Columbia Yukon (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :CYR CYR Colonia, Uruguay (Airport Code) ) The management of Columbia Yukon Resources Ltd. and International CanAlaska Resources Ltd. are reporting that drilling has been terminated on the deep drill hole on the VBE See VESA BIOS Extension. 1 claim block, due east of the Voisey's Bay Eastern Deeps discovery of Diamond Fields - Inco, at a depth of 870 metres (2854 feet). The drilling equipment reached its limits before the targeted depth of 1000 metres (3280 feet) and the hole has been capped to allow re-entry into the hole with a larger drill rig. The drill site was selected on gravity anomaly with a strong magnetic signature. The geological information from the drill hole confirmed that an anorthosite/norite complex underlies the surface expressions of nickel copper 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. . Within the last 100 metres of drill core disseminated pyrrhotite and chalcopyrite is reported to be increasing in concentration. Also, olivine olivine (ŏlĭv`ēn), an iron-magnesium silicate mineral, (Mg,Fe)2SiO4, crystallizing in the orthorhombic system. crystals were identified within the anorthosite/norite rocks and locally the core was comprised of magnetite and plagioclase plagioclase Any member of the series of abundant feldspar minerals that usually occur as light- to medium-grey-coloured, transparent to translucent grains or crystals. Plagioclase ranges in composition from albite to anorthite. suggesting development of cumulates. (Cumulates are characteristic formations in some intrusive rocks that indicate settling of crystals in the molten magma to form discrete concentrations of minerals. This sort of accumulation of minerals can lead to the formation of concentrations of economic sulphides as well as the more common silicate minerals.) These significant changes occurred beneath more uniform sequences of norite nor·ite n. See gabbro. [Norwegian Norge, Norway + -ite1.] nor·it higher in the hole indicating a development of the type of rocks that would be expected to overlie o·ver·lie tr.v. o·ver·lay , o·ver·lain , o·ver·ly·ing, o·ver·lies 1. To lie over or on. 2. To suffocate (a baby, for example) by accidentally lying on top of it. a potential extension of the world class Eastern Deeps type mineralization on the neighbouring claim block. A down-the-hole geophysical E.M. probe was conducted before capping the hole and results are awaited. This probe tested for conductors up to 200 metres (660 feet) from the end of the hole and will allow further drilling to be optimized. Columbia Yukon Resources Ltd. will continue its exploration program in Labrador with further drill programs planned for several of its properties in the spring of 1997. ON BEHALF OF THE BOARD OF DIRECTORS Benjamin Ainsworth, Director Internet: http://www.columbia-yukon.com/columbia-yukon/ -0- Note to Editors: The Alberta Stock Exchange 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) 888/888-9122 (Toll-Free Canada) 888/888-9123 (Toll-Free USA) |
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