Continental Caretech Corp. -- update.TORONTO--(BUSINESS WIRE)--Jan. 9, 1996--Continental Caretech (Canadian Dealing Network Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. : CNCC CNCC Conseil National des Centres Commerciaux CNCC Consciousness in a Natural and Cultural Context (EUROCORES programme) CNCC Council of Northern Caving Clubs CNCC Customer Network Control Center ) update: THUNDER LAKE Thunder Lake can refer to:
Continental Caretech is pleased to announce the following results from three drill holes on its Thunder Lake West property. This project is a joint venture between Continental Caretech Corporation and Teck Corporation and represents the latest in an ongoing exploration program which totals, to date, approximately 90,000 feet of drilling and expenditures in excess of $3,000,000. The current program consists of approximately 12,000 feet of diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral , of which 5,656 feet have been completed. These most recent, widely spaced holes, are the first in a series of deep holes designed to test a gold bearing alteration corridor to the east and west of the more intensely drilled No. 1 Shoot area. High grade results have been previously reported from this shoot. The first of the three holes, TL-125, intersected the target zone at a vertical depth of 1,037 feet and is located 335 feet east of the nearest hole drilled in a previous program. The second hole, TL-126, intersected the target zone at a vertical depth of 1,450 feet and is located 650 feet east of TL- 125. The third hole, TL-127, intersected the target zone at a vertical depth of 1,575 feet, is located 649 feet east of TL-126, and 1,299 feet east of TL-125. The holes tested the zone returning the following gold values: HOLE TRUE THICKNESS GRADE/AU
TL-125 4.8 FEET 3.68 OZ/TON
TL-126 6.5 FEET .32 OZ/TON (X)
TL-127 3.2 FEET 0.08 OZ/TON (XX)
AND 6.5 FEET 0.05 OZ/TON (XX)
(X) Includes an interval of 3.8 feet assaying 0.52 oz/ton (XX) The significance of an intersection of 0.12 oz/ton gold over a core interval of 4.9 feet in the hanging wall well above the main horizon is unknown at this time. The drill rigs have now been moved to the west of the No. 1 Shoot area. Drilling of at least three additional, deep, widely spaced holes, will begin immediately. AUBREY PROPERTY Caretech has the right to earn a 50 percent interest in this Teck property located 24 miles west of Dryden, Ontario Dryden (2006 population 8,195) is the second largest city in the Kenora District of Northwestern Ontario, Canada located on Wabigoon Lake. It is currently the smallest community in the province of Ontario designated as a city. . A single short hole, TAE-02, has been drilled to further test a zone of alteration and anomalous a·nom·a·lous adj. 1. Deviating from the normal or common order, form, or rule. 2. Equivocal, as in classification or nature. 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. intersected in hole TAE-01. Additional anomalous mineralization was encountered but no further drilling is planned at this time. This press release has been approved by Teck Exploration Ltd. CONTACT: Continental Caretech Corp., Toronto Peter Walker, 416/482-8606 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-236-4266 or |
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