Cross Lake Minerals Announces Promising Zinc, Lead, Silver Showings Staked In North Central British Columbia.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Oct. 2, 2000 Cross Lake Minerals Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CRN CRN Computer Reseller News CRN Crown CRN Council for Responsible Nutrition CRN Crane CRN Community Recycling Network CRN Course Reference Number CRN Center for Responsible Nanotechnology CRN Cornish (SIL code, UK) .) (the "Company") is pleased to announce that it has acquired by staking four properties in the Omineca Mountains The Omineca Mountains, also known as "the Ominecas", are a group of mountain ranges in north-central British Columbia, Canada. They are bounded by the Finlay River on the north, the Rocky Mountain Trench (here filled by Lake Williston on the east, the Nation River on the of north central 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 on which some very promising assay results have been obtained from recent rock sampling. Three of the properties are in the Osilinka River area while the fourth is located along the Ingenika River. The properties were acquired as a result of the Company's recent efforts in researching under-explored areas of carbonate-hosted zinc, lead, silver 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 British Columbia. All four properties are road accessible and in the vicinity of the power transmission line to the Kemess Mine Kemess Mine is an open-pit copper and gold mine, located in British Columbia. It was operated by Royal Oak Mines from 1998 to 2000, when it was bought by Northgate Minerals. It is serviced by Kemess Creek Airport. . The End Lake Property is located on the north side of the Osilinka River some 210 kilometres northeast of Smithers Smithers is a surname, and may refer to: People People with the surname Smithers
n. An exposed, oxidized portion of a mineral vein, especially a rust-colored outcrop of iron ore. [Cornish gossen, from g of sphalerite sphalerite (sfăl`ərīt, sfā`–), mineral composed of zinc sulfide, usually containing some iron and a little cadmium. It occurs in crystals of the isometric system but more generally in cleavable, compact masses. , galena galena (gəlē`nə) or lead glance, lustrous, blue-gray mineral crystallizing usually in cubes, sometimes in octahedrons. It is the most important ore and the principal source of lead. and pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. sulphide mineralization hosted by Cambrian to Middle Devonian In the geological timescale, the Middle Devonian epoch (from 397.5 ± 2.7 million years ago to 385.3 ± 2.6 million years ago) occurred during the Devonian period, after the end of the Emsian age. The Middle Devonian epoch is subdivided into two stages: Eifelian and Givetian. Razorback and Echo Lake Group dolomite dolomite (dō`ləmīt', dŏl`ə–). 1 Mineral, calcium magnesium carbonate, CaMg (CO3)2. and limestone. The significant results from the samples taken by the Company on this property are:
Property Sample Zinc Lead Silver
description (%) (%) (g/t)
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End Lake 2.0 m channel 10.20 9.39 21.80
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End Lake 3.0 m channel 9.23 5.62 16.80
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End Lake 4.0 m channel 1.98 0.34 4.20
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End Lake Grab sample 6.08 0.98 8.80
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The Ingenika Property is situated on the south side of the Ingenika River some 250 kilometres north northeast Noun 1. north northeast - the compass point that is midway between north and northeast NNE, nor'-nor'-east compass point, point - any of 32 horizontal directions indicated on the card of a compass; "he checked the point on his compass" of Smithers B.C. and 108 kilometres north-northwest of Germansen Landing. These three claims, totalling 54 units and encompassing 1350 hectares, were acquired around the old Ingenika Mine and cover the historic Onward and Onward South trenching. The old trenches were located and sampled. The Onward trenches were completed in the Hadrynian Ingenika Group of brecciated brec·ci·ate tr.v. brec·ci·at·ed, brec·ci·at·ing, brec·ci·ates To form (rock) into breccia. brec limestone with disseminated to massive sulphides comprised of galena with minor chalcopyrite and pyrite mineralization. The Onward south trenching is located 500 metres south of the Onward showing and consists of historic trenches in the same brecciated limestone but the sulphides consist of sphalerite and galena with minor pyrite mineralization. The significant results from the samples taken by the Company on this property are:
Property Sample Zinc Lead Silver
description (%) (%) (g/t)
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Ingenika - Onward Grab sample N.S. 51.80 1205.00
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Ingenika - Onward Grab sample N.S. 45.20 1070.00
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Ingenika - Onward Grab sample N.S. 8.11 121.00
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Ingenika - Onward Grab sample N.S. 8.35 135.00
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Ingenika - Onward Grab sample N.S. 64.20 1870.00
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Ingenika - Onward Grab sample N.S. 13.95 272.00
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Ingenika - Onward
South Grab sample 2.65 0.50 7.20
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Ingenika - Onward
South Grab sample 13.05 5.86 55.60
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Ingenika - Onward
South Grab sample 15.70 5.07 45.60
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N.S. = not significant
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The Wasi Creek Property is located on the south side of the Osilinka River some 200 kilometres northeast of Smithers B.C. and 43 kilometres north-northwest of Germansen Landing. This 20 unit, 500 hectare claim was acquired over areas of historic trenching of zinc, lead and silver mineralization in the Cambrian Atan Group dolomite and limestone. While staking, an eight metre channel sample was taken across a rusty gossan exposed in a road cut and graded 2.46% zinc and 8.2g/t silver. The Whistler Property is located on an unnamed creek on the south side of the Osilinka River some 205 kilometres northeast of Smithers B.C. and 35 kilometres north-northwest of Germansen Landing. This 20 unit, 500 hectare claim was acquired over the old Whistler mineral showing consisting of galena and sphalerite mineralization hosted by the Middle Devonian Otter Lakes Group limestone. The significant results from the samples taken by the Company on this property are:
Property Sample Zinc Lead Silver
description (%) (%) (g/t)
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Whistler Grab sample N.S. 4.24 6.80
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Whistler Grab sample 4.51 4.53 8.20
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Whistler Grab sample 1.90 5.86 10.40
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Whistler Grab sample N.S. 3.19 4.00
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N.S. = not significant
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The sampling program was supervised by the Company's Vice President of Exploration, Jim Miller-Tait, P.Geo. All the samples were analyzed at the laboratory of ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex in North Vancouver North Vancouver, city (1991 pop. 38,436), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver, of which it is a suburb. Shipbuilding, woodworking, and the shipping of grain, lumber, and ore are the chief industries. , B.C., utilizing the 32 element ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. analytical package coupled with AAS and fire assays for overlimit zinc, lead and silver samples. The next stage of exploration work on these four properties is currently being planned and will include detailed geological mapping, soil and rock sampling, trenching and geophysical surveys. Results from this work will determine the nature and extent of any exploratory drilling. With respect to the Sheraton-Timmins Property near Timmins, Ontario, the Company has received and is in the process of reviewing the results of the airborne magnetic and electromagnetic survey over the Property. The results were recently released by the Ontario Geological Survey as part of its Operation Treasure Hunt initiative. This survey reveals a number of conductors, including one over the centre of the Cross Lake Zone, which is immediately east of the deepest drilling and coincident with the conductors that were earlier indicated by Borehole bore·hole n. A hole that is drilled into the earth, as in exploratory well drilling or in building construction. Pulse EM surveys carried out in deep diamond drill holes. This correlation may be significant in that it enhances the exploration potential for any additional airborne conductors that are on the Property. The Company has engaged Roger J. Caven, BASc, P.Eng., Consulting Geophysicist, to complete a detailed review and interpretation of the airborne survey and to provide recommendations as to specific targets. The Company has also recently received the results of a soil sampling conducted directly over the Cross Lake Zone that employed the Mobile Metal Ions ("MMI (Man Machine Interface) See HMI. 1. MMI - Man-Machine Interface. 2. (company) MMI - The company which developed the first Programmable Array Logic devices. MMI was bought by AMD. ") analytical method. Results revealed a strong zinc anomaly directly over the sub-crop of the Cross Lake Zone. This direct correlation between surface soil samples and a known drilled zinc resource is significant in that the MMI procedure provides the Company with an additional exploration tool to test other geophysical anomalies on the Property. ON BEHALF OF THE BOARD OF DIRECTORS CROSS LAKE MINERALS LTD. Henry G. Ewanchuk Chairman, President and Chief Executive Officer |
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