Sea Green Capital Corp Drilling Update.TORONTO -- Sea Green Capital Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions )(FRANKFURT:S9G) (the "Corporation" or "Sea Green") announces that assay results have been received for the three diamond drill holes (375 m) completed 33 m. west of the historical McEnaney Shaft in Ogden Township (Press Release, Feb. 28, 2006). All three drill holes intersected highly altered mafic volcanic rocks containing ankerite an·ker·ite n. A white, gray, or red iron-rich dolomitic or carbonate mineral, Ca(Fe,Mg,Mn)(CO3)2. [After M.J. Anker (1771-1843), Austrian mineralogist.] , 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. , fuchsite disseminated pyrite and quartz veins, similar to the lithologies hosting gold in the McEnaney Mine. 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. intercepts encountered in the north-dipping alteration zone are listed in the following table. DDH # From(m) To (m) Interval (m) Gold (g/t) SOG-06-01 62.8 63.3 0.5 3.31 SOG-06-02 73.5 75.0 1.5 3.07 SOG-06-03 99.7 102.0 2.3 0.78 Additional drilling is recommended at intervals of 50 and 100 m west of the current drill section in April. The drilling will explore the economic potential of the gold 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. zone as it approaches the DeSantis Mine. See the Ogden Township Property Map at the Corporation's website: www.seagreencapital.com. Diamond drilling has been completed on the Godfrey / Jamieson Township property located 18 km southwest of the Kidd Creek Mine. A three hole drill test of a high priority electromagnetic anomaly has been completed. Assays are not yet available. The diamond drill has been dispatched to Carnegie Township, located approximately 5 km north of the Kidd creek Mine. The drill program will test a volcanic massive sulphide target defined by a "Kidd type" 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. , suggestive of base metal massive sulphide mineralization. On the Cancor Extension properties of Sea Green in the Casa-Berardi area of Quebec, the balance of the geophysical surveys have been completed and interpretation is nearly complete. Interpretation of the data will add several drill targets in addition to the seven known drill targets. Depending upon the availability of a diamond drill rig it is anticipated that drilling will commence in April. Farther north in the Casa-Berardi area, Sea Green claims optioned to Aurizon Mines Ltd. in which Sea Green maintains a 27.5% interest (reducing to 16.5%), were explored by sampling basal till at five sites. Subsequent diamond drill testing yielded a highest value of 1.05 g/t Au over 1.2 m. Aurizon recommends additional drilling in the vicinity of this drill intercept. Sea Green currently has 38,445,568 common shares outstanding. 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 in any way passed upon the merits of the matters disclosed herein, and has not approved or disapproved o f the contents of this release. Sea Green Capital Corp. (TSX VENTURE:SGS) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion