Cream Minerals Ltd.: 2004 Exploration Program Commences Goldsmith Property, BC.Business Editors VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--June 9, 2004 Cream Minerals Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CMA CMA - Concert Multithread Architecture from DEC. ) is pleased to announce that it has now commenced a two phase exploration program on its Goldsmith Property, located near Kaslo in southeastern British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . Due to the discovery in 2003 of high grade 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. in several locations over a 1.2 kilometre long area, a two phase follow-up follow-up, n the process of monitoring the progress of a patient after a period of active treatment. follow-up subsequent. follow-up plan exploration program for 2004 has been recommended. Grab sampling done by the Company in June 2003, of mineralization from the waste dump piles piles: see hemorrhoids. of the Bullock bullock a mature castrated male cattle destined for meat production or draft. , Goldsmith, Crown King and Lucky Jack workings returned the following high gold and silver assays:
Goldsmith Property Grab Sample Results (previously reported(i))
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Ag Cu Pb
Sample Location Type Au (g/t) (ppm) (ppm) (ppm)
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B1-3 Bullock 1 Grab 8.35 8.7 3271 2030
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B2-3 Bullock 2 Grab 140.16 69.8 675 greater
than
9999
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B4-1 Bullock 4 Grab-VG 75.27 129.0 217 31600
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B4-4 Bullock 4 Grab-VG 9901.79 619.5 120 77500
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CK-1 Crown King Grab 9.19 45.0 1173 8274
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GS1-1 Goldsmith 1 Grab 6.29 2.8 71 52
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GS1-4 Goldsmith 1 Grab 36.75 2.3 514 464
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GS3-1 Goldsmith 3 Grab 7.07 3.2 21 77
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GS3-2 Goldsmith 3 Grab 13.83 6.2 4406 157
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LJ1-1 LuckyJack 1 Grab 2.28 less 23 35
than
0.1
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LJ1-2 LuckyJack 1 Grab-VG 3.10 1.2 4 245
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LJ4-1 LuckyJack 4 20cm chip 4.82 0.3 6 30
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LJ4-2 LuckyJack 4 Grab-VG 49.67 3.1 12 148
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LJ4-3 LuckyJack 4 Grab-VG 3888.10 181.6 13 1503
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(i) see news release dated July 22, 2003
A small more detailed sampling program was completed by Cream in late 2003, with chip samples collected at the Bullock workings (see News Release dated Dec 9, 2003). Results of the initial chip sampling program are very encouraging, with the identification of the high grade 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. veins responsible for the high gold and silver values found in the earlier grab sampling program. At the Bullock #1 workings, a 0.8 metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, chip sample returned 63.78 g/t gold and 36.2 g/t silver. At the Bullock #2 workings, a 0.5 metre chip sample returned 14.33 g/t gold. The initial phase of the 2004 exploration program will focus on defining the mineralizing structures and horizons which host the high grade gold mineralization discovered in 2003. The property contains numerous historic pits, trenches and adits, not all of which have yet been located. As well as detailed mapping and sampling, work will also concentrate on locating the remainder of the historic high grade gold workings. Phase I program is budgeted at $20,000. The Phase II mapping and sampling program will consist of more widespread work throughout the property, with detailed mapping and sampling of all workings located from prior work programs. Geochemical and geophysical surveys Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. will be completed between the historic workings in order to trace the mineralizing structures across the property. The Phase II program is budgeted at $100,000. The Phase II work is proposed to commence upon completion of the Phase I program, subject to available financing. Frank A. Lang Lang language LANG Louisiana Army National Guard Lang Langobardian (linguistics) LANG Los Angeles Newspaper Guild , P.Eng., President SEC 12g3-2(b): 82-4741 No regulatory authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities has approved or disapproved the information contained in this news release. |
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