Crosshair Exploration and Mining Corp. - Drilling to Commence at Wings Point Project, Newfoundland: Additional High Grade Gold Assays Received.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--May 11, 2004 Crosshair Exploration and Mining Corp. (the 'Company') (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CXX) is pleased to announce that a 10 hole (1000 meter) drilling program will commence on the Wing's Point-Titan project, north central Newfoundland, under option from Rubicon Minerals Corporation (TSX:RMX RMX Remix (music) RMX RockMan X (video game) RMX RetailersMarketXchange RMX Reverse Mail eXchange RMX Remote Mail Exchange RMX Realtime Multitasking Executive RMX Reverse Mx RMX Real Music Jukebox ). The Phase 1 drilling program will test previously released trench trench: see ocean. results including 15.25 g/t Au over 3.00 meters (trench 7) and 9.41 g/t Au over 4.25 meters (trench 9). The Company has received preliminary approval from the Department of Mines and expects to collar the first hole May 21st. The focus of Phase 1 drilling will test 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 trenches 3, 7, 9 and 11. Eight holes will test high grade gold mineralization exposed in trenches 7 and 9 to vertical depths of 25 and 50 meters directly beneath the trenches, with step-outs of up to 50 meters along strike. Trenches 3 and 11 will each be tested by a single hole at a planned vertical depth of 25 meters. Due to the presence of coarse gold at Wings Point -Titan, HQ core will be drilled and all assays will be carried out using a metallic screen separation and fire assay technique to ensure that any coarse gold in the samples report to the final results. The Company is also pleased to report a new batch of assays, including re-assaying of samples using the metallic screen fire assay method, has demonstrated increases in some of the original channel samples announced on April 21, 2004 (see news release for background on project).
Fire assay metallic assays sample length(m)
average average
Trench 9 9.4 11.21 4.25
Trench 7 15.25 15.75 3.00
Revised results are based on 55 samples that were re-submitted for metallic screen separation and fire assaying due to the presence of +150 mesh Refers to an interconnect architecture that cross- connects several devices. See mesh network, wireless mesh network and switch fabric. (character) mesh - The INTERCAL name for hash. coarse gold occurring in a significant portion of previously analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. samples. A complete list of the new and previously reported results is available at the Company web site located at www.crosshairexploration.com/results.html Crosshair is planning an aggressive exploration program on all of the Newfoundland projects in 2004, with a heavy emphasis on trenching and drilling. All work is being supervised su·per·vise tr.v. su·per·vised, su·per·vis·ing, su·per·vis·es To have the charge and direction of; superintend. [Middle English *supervisen, from Medieval Latin by Timothy Froude, P. Geo., General Manager and Chief Geologist for the Newfoundland Projects, and the Qualified Person as defined under the Canadian Securities Administrators' National Instrument 43-101. ON BEHALF OF THE BOARD Mark J. Morabito, President 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 responsibility for the adequacy or accuracy of the content of this News Release. |
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