Southern Star Resources Inc.: Multilple High Grade Gold Intersections; 0.50 oz/ton over 56.17 Feet; 8.50 oz/ton over 8.01 Feet.TORONTO -- Southern Star Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:SSR (Scalable Sampling Rate) See AAC. SSR - Scalable Sampling Rate ) is pleased to announce that the on-going drill program at its 50% owned Gold Eagle Mine property in Red Lake, Ontario Red Lake is a municipality and census subdivision 535 km north-west of Thunder Bay, Ontario, Canada. The municipality consists of 6 small towns ( Balmertown, Cochenour, Madsen, McKenzie Island, Red Lake and Staratt-Olsen) and has a local population of approximately 8,500 people. continued to intersect In a relational database, to match two files and produce a third file with records that are common in both. For example, intersecting an American file and a programmer file would yield American programmers. significant widths of high-grade High-grade Credit quality of AAA or AA. high-grade Of, relating to, or being a bond with little risk of default on the part of the issuer. High-grade is usually reserved for bonds rated AAA or AA by the rating services. gold (291.4 g/tonne over 2.44 m. (8.50 oz/ton over 8.01 Feet) and also discovered new high-grade sulphide-hosted type of 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. (17.03 g/tonne over 17.12 m. (0.50 oz/ton over 56.17 Feet). The Bruce Channel Bruce Channel (pronounced "shuh-NELL") (born Bruce McMeans, 28 November 1940, Jacksonville, Texas) is an American singer, known for his 1962 number one hit, Hey! Baby. high-grade gold mineralization has characteristics similar to other high-grade Red Lake gold deposits and is open in all directions.
BC11-3:
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Gold
Intersection Length ----------------
(in Metres) Grams Ounces
---------------------------------------- per per
From To Metres Feet tonne ton VG
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1,251.30 1,254.90 3.60 11.81 3.20 0.09
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1,266.55 1,267.40 0.85 2.79 10.29 0.30
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1,282.22 1,284.67 2.45 8.04 5.63 0.16 VG
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1,286.05 1,286.92 0.87 2.85 3.57 0.10
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1,361.45 1,363.89 2.44 8.01 291.39 8.50 VG
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including 0.30 0.98 2,355.35 67.62 VG
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1,391.50 1,400.27 8.77 28.77 4.38 0.13 VG
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including 0.28 0.92 20.74 0.605 VG
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including 0.42 0.92 25.75 0.75 VG
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1,464.38 1,465.91 1.53 5.02 64.07 1.87 VG
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including 0.27 0.89 281.97 8.22 VG
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1,598.37 1,598.92 0.55 1.80 76.14 2.22 VG
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including 0.28 0.92 104.44 3.046 VG
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1,622.70 1,623.57 0.87 2.85 7.72 0.23 VG
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BC11-4:
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Gold
Intersection Length -----------------
(in Metres) Grams Ounces
---------------------------------------- per per
From To Metres Feet tonne ton
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1,331.56 1,334.75 3.19 10.47 20.06 0.58 VG
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including 0.66 2.17 49.64 1.448 VG
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including 0.63 2.07 44.56 1.300 VG
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1,339.30 1,339.92 0.62 2.03 105.84 4.98 VG
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1,352.40 1,353.60 1.20 3.94 10.93 0.32
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1,379.15 1,379.74 0.59 1.94 10.00 0.29
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1,404.21 1,404.50 0.29 0.95 13.90 0.41 VG
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1,425.60 1,428.13 2.53 8.30 7.15 0.21 VG
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including 0.29 0.95 52.62 1.535 VG
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1,433.32 1,435.28 1.96 6.43 13.80 0.40 VG
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1,440.36 1,445.07 4.73 15.52 4.46 0.13 VG
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1,463.78 1,467.00 3.22 10.56 18.87 0.55 VG
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including 0.25 0.82 88.79 2.59 VG
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including 0.47 1.54 36.00 1.05
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1,501.90 1,503.17 1.27 4.17 8.03 0.23
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1,536.55 1,538.00 1.45 4.76 25.82 0.75 VG
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1,648.10 1,650.53 2.43 7.97 51.19 1.49
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including 0.70 2.30 171.67 5.01
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1,759.60 1,762.40 2.80 9.19 4.11 0.12
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1,772.78 1,789.90 17.12 56.17 17.03 0.50 VG
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including 0.27 0.89 95.06 2.77 VG
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including 0.35 1.15 159.61 4.66 VG
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1,798.77 1,799.70 0.93 3.05 11.20 0.33 VG
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1,825.37 1,825.62 0.25 0.82 33.26 0.97 VG
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BC 6-2:
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Gold
Intersection Length -----------------
(in Metres) Grams Ounces
---------------------------------------- per per
From To Metres Feet tonne ton
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1,517.70 1,519.40 1.70 5.58 3.74 0.11
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1,531.00 1,531.88 0.88 2.89 3.37 0.10
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1,543.36 1,544.04 0.68 2.23 19.92 0.58
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1,558.77 1,559.12 0.35 1.15 24.93 0.73 VG
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1,640.15 1,640.48 0.33 1.08 53.25 1.55 VG
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Notes: - Lengths reported are core 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. lengths and do not represent true widths. It is anticipated that true width estimates will be possible after additional drilling. - Conversion: g/tonne x 0.0292 equals Troy ozs. per short ton. - VG - Visible gold Drillhole BC11-3 (-63 @ 341 Deg. to -56 @ 002 Deg.) completed a trio of wedged wedged - 1. To be stuck, incapable of proceeding without help. This is different from having crashed. If the system has crashed, it has become totally non-functioning. If the system is wedged, it is trying to do something but cannot make progress; it may be capable of doing a few holes (see News Release of December 6, 2005 for details on BC11-1 and BC11-2) designed to extend the gold bearing zones in the vertical plane further to the west of those previously outlined in BC10-1,2,3 and 4. The BC11 "master hole" was deepened to facilitate another three hole fan of wedged holes to follow the high-grade gold zones deeper and further to the west. BC11-4 (-74 @ 304 Deg. to - 67 @ 353 Deg.) is the first of these holes. It intercepted the gold bearing zones approximately 50m down plunge The term Plunge has multiple meanings:
The current drilling also discovered a new type of gold mineralization to that previously encountered. This new discovery is characterized char·ac·ter·ize tr.v. character·ized, character·iz·ing, character·iz·es 1. To describe the qualities or peculiarities of: characterized the warden as ruthless. 2. by 1-2 % fine acicular acicular /acic·u·lar/ (ah-sik´u-ler) needle-shaped. acicular needle-shaped. arsenopyrite arsenopyrite (är'sĭnōpī`rīt, ärsĕn`ō–) or mispickel (mĭs`pĭkəl), silver-white to steel-gray mineral with the metallic luster characteristic of a pyrite. in a brecciated brec·ci·ate tr.v. brec·ci·at·ed, brec·ci·at·ing, brec·ci·ates To form (rock) into breccia. brec , silicified si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. , biotitically altered hostrock. Gold values are remarkably evenly dispersed dis·perse v. dis·persed, dis·pers·ing, dis·pers·es v.tr. 1. a. To drive off or scatter in different directions: The police dispersed the crowd. b. through the 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. intersection which returned a composite assay of 17.12m grading 17.03 g/tonne (56.17 feet at 0.50 oz/ton). In addition there were three small occurrences of visible gold in this sequence. Drillhole BC6-2 (-60 @ 084 Deg. to -50 @ 080 Deg.) is the first wedged "satellite" hole off the BC6 master hole (now renamed BC6-1 to conform with the nomenclature nomenclature /no·men·cla·ture/ (no´men-kla?cher) a classified system of names, as of anatomical structures, organisms, etc. binomial nomenclature protocol used in the BC10 and BC11 series of drill holes. The Company's geologists A geologist is a contributor to the science of geology. Geologists are also known as earth scientists or geoscientists. The following is a list of famous or notable geologists. interpret that this hole may have clipped clip 1 v. clipped, clip·ping, clips v.tr. 1. To cut, cut off, or cut out with or as if with shears: clip coupons; clipped three seconds off the record. the southeastern flank flank (flank) the side of the body between ribs and ilium. flank n. 1. The side of the body between the pelvis or hip and the last rib; the side. 2. of the main gold bearing structures. Drilling is continuing. A third drill rig is on site with start up scheduled by mid March. Qualified Person The Gold Eagle Mine Property drill program is being carried out under the direction of Mr. John F. Whitton, P.Geo, the qualified person within the meaning of National Instrument 43-101. Mr. Whitton has reviewed the contents of this news release. The Gold Eagle Mine Property is located in Red Lake, Ontario and is owned 50% by SSR and 50% by Exall Resources Limited and is operated under a joint venture. Sample preparation and assay procedures are carried out by 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 Laboratories in Red Lake using standard fire assay method with AA finish and metallics. The statements made in this News Release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. 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 this news release and does not accept responsibility for the adequacy or accuracy of this release. Southern Star Resources Inc. (TSX VENTURE:SSR) |
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