Coronation Minerals Inc.: Press Release.TORONTO -- Coronation Minerals Inc.(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CMV CMV cytomegalovirus. CMV abbr. 1. controlled mechanical ventilation 2. cytomegalovirus Cytomegalovirus (CMV) ) has completed a 3,324 metre drill program on its Coppermine River, Copper-Silver-PGE Property located in NW Nunavut during the 2005 summer field season. A total of 7 holes were drilled in the area of the Dot 47 Copper-Silver Deposit for 2,976 metres. The program was designed to test on-strike and down-dip extensions to the known 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. . Previous workers had calculated resources of 3,433,000 tons grading 3.2% copper plus some silver in a 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. zone measuring 400 metres long by 11 metres wide to a depth of approximately 170 metres (J. M. Bracken P.Eng., 1968). All of the 2005 holes intersected interesting copper sulphide mineralization mainly in carbonate-veined, fractured and brecciated brec·ci·ate tr.v. brec·ci·at·ed, brec·ci·at·ing, brec·ci·ates To form (rock) into breccia. brec basalt flows and flow top 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. . Sulphide minerals include chalcocite chalcocite Sulfide mineral, Cu2S, that may be an important ore of copper. It belongs to a group of sulfide minerals formed at relatively low temperatures. Chalcocite alters to native copper and other copper minerals. , bornite bornite Common copper-ore mineral, copper and iron sulfide (Cu5FeS4). Typical occurrences are found in Mount Lyell, Tasmania; Chile; Peru; and Butte, Mont. Bornite may form isometric crystals but occurs most commonly as irregular masses. and chalcopyrite. Some native copper is also noted. The drilling successfully extended the strike length of the mineralization to 660 metres and added a down-dip dimension of 100 metres for a total vertical depth of approximately 200 metres. The mineralization remains open to depth and along strike. Copper and silver assays for the first 5 holes are tabulated below. Assays for the remaining 2 holes, plus PGE PGE Pacific Gas and Electric Company PGE Portland General Electric PGE Prostaglandin E PGE Platinum Group Elements PGE Pacific Great Eastern (Railroad) PGE Phenyl Glycidyl Ether PGE Perfect Girl Evolution results are awaited.
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Hole Number Intercept From To Length Copper Silver
(m) (m) (m) (%) (g/t)
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2005-47-04 1 46.89 65.50 18.61 0.75 1.88
includes 48.89 61.00 12.11 0.95 2.47
includes 54.00 56.76 2.76 1.96 6.48
2 107.70 120.05 12.35 1.28 4.64
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2005-47-05 1 83.88 89.01 5.13 0.84 2.01
2 142.28 161.80 19.52 1.90 4.90
includes 147.00 156.98 9.98 3.07 7.38
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2005-47-06 1 49.41 63.45 14.04 0.64 3.38
2 207.68 234.00 26.32 1.23 3.75
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2005-47-07 1 176.99 229.87 52.88 1.16 3.52
includes 218.23 229.87 11.64 2.71 7.29
includes 227.98 229.87 1.89 9.69 3.70
2005-47-08 1 142.08 203.32 61.24 0.69 0.21
includes 142.08 172.00 29.92 0.90 0.34
includes 156.94 166.00 9.06 1.23 0.39
includes 179.47 203.32 23.85 0.65 0.15
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Dot 47 is situated on the regional, NE trending, Teshierpi Fault zone. Copper mineralization has been identified over an 8 kilometer length of this structure and this length lies on the Company's No. 2797 Mining Lease. The drilling program was carried out and reviewed under the direction of Mr. Neil Willoughby, a qualified person under the meaning of National Instrument 43-101. Mr. Willoughby has reviewed the exploration results contained in this news release. Drill core is split with half sent to Loring Laboratories of Calgary for analysis. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. Coronation Minerals Inc. (TSX VENTURE:CMV) |
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