Cross Lake Minerals Ltd.: Initial Assay Values for Massive Sulphide Intersection: Sheraton-Timmins Project.VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 10, 1997-- Cross Lake Minerals (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) .) CROSS LAKE MINERALS LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (the "Company") is pleased to announce that assays for the massive-semi-massive sulphide sulphide: see sulfide. intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. in Hole CLS (Common Language Specification) The structure and syntax of .NET and CLI programming languages. See .NET. 97-16 between 278 to 311 metres have yielded weighted average grades over 33 metres (108 feet) of 6.71 percent zinc (Zn), 1.86 percent lead (Pb), 106.95 grams/tonne or 3.12 oz/ton silver (Ag), 0.16 percent copper (Cu) and 55 ppb ppb abbr. parts per billion or 0.055 grams/tonne gold (Au), with a cut silver value of 10 oz/ton (342.8 grams/tonne). The gross metal value for this intersection is US$114.68 per ton using current prices. This includes a section from 281 to 287 metres (6 metres) containing a weighted average grade of 18.4 percent zinc, 314 grams/tonne silver (9.16 ounces/ton), 9.28 percent lead, and 0.69 percent copper, 0.183 grams/tonne gold giving a contained metal value of US$345.17 per ton at current prices (with silver assays cut to 10 ounces/ton). This zone is hosted in a cherty chert n. 1. A variety of silica that contains microcrystalline quartz. 2. A siliceous rock of chalcedonic or opaline silica occurring in limestone. [Origin unknown. rhyolite rhyolite, fine-grained light-colored acidic volcanic rock. Rhyolite is chemically the equivalent of granite, and is thus composed primarily of quartz and orthoclase feldspar with subordinate amounts of plagioclase feldspar, biotite mica, amphiboles, and pyroxenes. which stratigraphically overlies a sericite Ser´i`cite n. 1. (Min.) A kind of muscovite occuring in silky scales having a fibrous structure. It is characteristic of sericite schist. and chlorite chlorite Widespread group of layer silicate minerals composed of hydrous aluminum silicates, usually of magnesium and iron. The name, from the Greek for “green,” refers to chlorite's typical colour. schist schist (shĭst), metamorphic rock having a foliated, or plated, structure called schistosity in which the component flaky minerals are visible to the naked eye. zone containing cherty bands and disseminated disseminated /dis·sem·i·nat·ed/ (-sem´i-nat?ed) scattered; distributed over a considerable area. dis·sem·i·nat·ed adj. Spread over a large area of a body, a tissue, or an organ. 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. (zinc) with local 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. (lead). Assays for this section are attached. Additional 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. is present both above and below this massive sulphide section. Zinc mineralization continues below 311 metres in the hole associated with a rhyolite 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. (fragmental frag·men·tal adj. 1. Fragmentary. 2. Geology Consisting of broken rock, coal, or ore moved from its place of origin. frag·men ) and assays for this section along with other parts of this drill hole will be released when they are completed. Additionally, check assays are being conducted on a number of the samples. -0- ON BEHALF OF THE BOARD OF DIRECTORS CROSS LAKE MINERALS LTD. "Henry G. Ewanchuk" Henry G. Ewanchuk Chairman
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CROSS LAKE MINERALS LTD.
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SHERATON-TIMMINS PROPERTY
HOLE CLS97-16
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Metal Prices used in calculation (US$)
Copper $ 0.95 per pound Gold $ 332.00 per Oz
Lead $ 0.27 per pound Silver $ 5.25 per Oz
Zinc $ 0.63 per pound
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SAMPLE FROM TO LENGTH Gold SILVER COPPER
NUMBER (Au) (Ag) (Cu)
(m) (m) (m) PPB g/tonne percent
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690251 278.00 279.00 1.00 10 27.90 0.001
690252 279.00 280.00 1.00 smaller than 37.20 0.001
5
690253 280.00 281.00 1.00 smaller than 59.10 0.06
5
690254 281.00 282.00 1.00 120 244.00 0.12
690255 282.00 282.73 0.73 125 greater than 0.46
350
690256 282.73 284.00 1.27 85 greater than 0.89
350
690257 284.00 285.00 1.00 565 greater than 1.33
350
690258 285.00 286.00 1.00 135 greater than 0.89
350
690259 286.00 287.00 1.00 70 272.00 0.34
690260 287.00 288.00 1.00 smaller than 31.50 0.12
5
690261 288.00 289.00 1.00 10 46.20 0.05
690262 289.00 290.00 1.00 85 117.50 0.03
690263 290.00 291.00 1.00 smaller than 36.30 0.001
5
690264 291.00 292.00 1.00 90 61.80 0.03
690265 292.00 293.00 1.00 25 15.60 0.01
690266 293.00 294.00 1.00 20 16.50 0.01
690267 294.00 295.00 1.00 smaller than 9.00 0.01
5
690268 295.00 296.00 1.00 smaller than 32.10 0.04
5
690269 296.00 297.00 1.00 smaller than 16.80 0.001
5
690270 297.00 298.00 1.00 smaller than 7.20 0.001
5
690271 298.00 299.00 1.00 smaller than 6.00 0.001
5
690272 299.00 300.00 1.00 smaller than 16.20 0.18
5
690273 300.00 301.00 1.00 50 45.60 0.26
690274 301.00 302.00 1.00 40 156.00 0.26
690275 302.00 303.00 1.00 30 100.00 0.02
690276 303.00 304.00 1.00 40 308.00 0.06
690277 304.00 305.00 1.00 25 127.00 0.05
690278 305.00 306.00 1.00 50 58.80 0.01
690279 306.00 307.00 1.00 70 58.80 0.001
690280 307.00 308.00 1.00 50 52.80 0.001
690281 308.00 309.00 1.00 20 54.30 0.01
690282 309.00 310.00 1.00 25 57.00 0.01
690283 310.00 311.00 1.00 75 87.90 0.01
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Average grades over 33 metres 55 106.95 0.16
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NB: Ag cut to 10 oz/t. (342.8g/tonne)
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SAMPLE FROM TO LENGTH LEAD ZINC Contained
NUMBER (m) (m) (m) (Pb) (Zn) metal value
per short ton
percent percent US$
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690251 278.00 279.00 1.00 0.03 0.69 13.25
690252 279.00 280.00 1.00 0.03 1.35 22.89
690253 280.00 281.00 1.00 0.06 2.51 42.15
690254 281.00 282.00 1.00 0.28 8.01 143.27
690255 282.00 282.73 0.73 3.82 6.01 158.81
690256 282.73 284.00 1.27 28.60 22.10 503.13
690257 284.00 285.00 1.00 7.58 22.70 410.20
690258 285.00 286.00 1.00 8.02 26.40 446.67
690259 286.00 287.00 1.00 0.71 20.90 315.99
690260 287.00 288.00 1.00 0.10 8.32 112.48
690261 288.00 289.00 1.00 0.11 2.22 36.69
690262 289.00 290.00 1.00 0.25 6.27 99.75
690263 290.00 291.00 1.00 0.09 1.49 24.84
690264 291.00 292.00 1.00 0.10 3.05 49.88
690265 292.00 293.00 1.00 0.07 3.55 47.93
690266 293.00 294.00 1.00 0.10 5.53 73.13
690267 294.00 295.00 1.00 0.10 5.04 65.61
690268 295.00 296.00 1.00 0.48 5.90 82.61
690269 296.00 297.00 1.00 0.16 1.33 20.22
690270 297.00 298.00 1.00 0.26 2.35 32.14
690271 298.00 299.00 1.00 0.17 1.53 21.13
690272 299.00 300.00 1.00 0.11 0.92 18.09
690273 300.00 301.00 1.00 0.27 16.10 216.73
690274 301.00 302.00 1.00 1.05 12.40 191.14
690275 302.00 303.00 1.00 1.38 8.50 130.55
690276 303.00 304.00 1.00 0.10 7.23 140.36
690277 304.00 305.00 1.00 0.10 5.38 88.98
690278 305.00 306.00 1.00 0.14 1.23 25.94
690279 306.00 307.00 1.00 0.03 0.63 17.81
690280 307.00 308.00 1.00 0.07 0.90 20.31
690281 308.00 309.00 1.00 0.07 0.86 19.92
690282 309.00 310.00 1.00 0.07 0.89 20.76
690283 310.00 311.00 1.00 0.30 4.94 78.25
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Average grades over 33 metres 1.86 6.71 114.68
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-0- Note To Editors: The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT: Cross Lake Minerals Ltd. Erik Andersen Erik Andersen (10 April 1904, Gentofte – 27 February 1938, Copenhagen) was a Danish chess master. He was twelve-times Danish Champion (1923, 1925, 1926, 1927, 1929, 1930, 1931, 1932, 1933, 1934, 1935, and 1936). , 604/688-5448 or Cross Lake Minerals Ltd. Michele Jones, 604/688-5448 Website: www.crosslakeminerals.com |
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