Cross Lake Minerals Announces Update on Activities.VANCOUVER, B.C.--(BUSINESS WIRE)--Aug. 30, 1999-- Cross Lake(VSE See DOS/VSE. VSE - Virtual Storage Extended :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) .)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CRN.) Cross Lake Minerals Ltd. (the "Company") is pleased to provide the following update on its activities. Sheraton-Timmins Property Previous Induced Polarization Induced polarization (IP) is a geophysical imaging technique used to identify subsurface materials, such as ore. The method is similar to electrical resistivity tomography, in that an electric current is induced into the subsurface through two electrodes, and voltage is (IP) work identified a 900 metre anomaly on strike immediately to the northeast of the Cross Lake Zone. A deep Pulse EM survey is in the process of being completed over a one kilometre square area covering the IP anomaly. The results of the survey, along with data from recently completed whole rock studies, will be used to identify drill targets within the large IP anomaly area. Sheraton-Timmins is the Company's most advanced property on which more than $4.12 million has been spent to-date. The Company remains optimistic regarding the potential of the property and is committed to advancing the property and resuming drilling as is appropriate. Ladybug ladybug or ladybird beetle Any of the approximately 5,000 widely distributed beetles of the family Coccinellidae. The name originated in the Middle Ages, when the beetle was dedicated to the Virgin Mary and called “beetle of Our Lady. Property A follow-up program of mapping and soil sampling has just been completed over a 1000x1000 metre grid covering several anomalous chargeability areas on the zinc-silver-copper-lead Ladybug Property located 44 kilometres north of Salmon Arm, British Columbia Salmon Arm is a city in the interior of the Canadian province of British Columbia that has a population of 16,466 as reported in the BC Stats (2004). It is on the shores of Shuswap Lake, where the Salmon River empties into the Salmon Arm reach of the Lake. . The previous program of magnetometer and IP surveys identified several moderate to highly anomalous chargeability areas, in addition to the known showing. There is a general trend of chargeable lineaments in a northeast to southwest striking trend. The known showing is located in a 250 metre long chargeable zone. There are two other highly chargeable zones located to the north of the known showing. The first one is 500 metres in length and the second, with the strongest chargeability and coincident magnetic anomaly Magnetic Anomaly may refer to:
ON BEHALF OF THE BOARD OF DIRECTORS CROSS LAKE MINERALS LTD. Henry G. Ewanchuk, Chairman, President and Chief Executive Officer |
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