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Cogitore Reports
Best Ever Drill Hole at Scott Lake, including 17.9m of 23.31%
ZINC AND 32.7m of 2.05% COPPER and 6.57% ZINC.
COGITORE Resources Inc. (the
"Company") (WOO: TSX-V) is pleased to report very exciting results from
its wholly owned Scott Lake Property near Chibougamau, Quebec. Hole
SC-34 intersected three mineralized stratigraphic horizons, including a
new horizon that assayed a spectacular 23.31% zinc over 17.9
metres at a vertical depth of 400 metres , and
32.7 metres of 2.05% copper and 6.57% zinc
which includes 13.4 metres of 3.73% copper and 4.54% zinc .
Upper Zinc Horizon
The first mineralized horizon in SC-34 was
intersected over a core length of 17.9 metres starting at 408.6 metres
down-the-hole. The interval consists of massive coarse grained
sphalerite with lesser pyrite and various proportions of volcanic
clasts and late dykes displacing massive sphalerite. A photograph of
this zone can be seen at Picture A
Assays from this upper zone are
shown below:
First Zone ASSAY RESULTS –
DDH SC-34
| From (m)
|
To (m) |
Length
(m) |
Cu (%) |
Zn (%) |
Au g/t |
Ag g/t |
| 408.6 |
426.5 |
17.9 |
0.05 |
23.31 |
0.32 |
12.4 |
|
|
|
including
|
|
|
|
| 419.75 |
426.50 |
6.75 |
0.10 |
34.90 |
0.07 |
13.6 |
Note: Intercepts reported above
represent core lengths and true widths are unknown at this stage. Core
angles measured from crude layering in massive sulphides or with
volcanic contacts are anywhere from 50 degrees to 70 degrees. The
density of all the samples was measured prior to assaying for metals.
The averages shown in the above table represent weighted averages,
taking into account both the core length and the density of each
sample, thus ensuring a truly representative metal grade.
Company President and CEO
Gérald Riverin, Ph.D., P. Geo. stated “In our October 9 press
release we mentioned that our Scott Lake drill hole SC-30 represented
the most significant find of copper-rich volcanogenic massive sulphides
(VMS) in the Chibougamau area since the discovery of the Lemoine
deposit in 1973. With this upper zone in SC-34 we now have the pleasure
of announcing the most significant zinc mineralized interval ever
reported from the Chibougamau area. However, we have many more
interpretations to work out and drilling to do in order to outline and
define the new mineralized zone, which appears to occur in an upper
stratigraphic position.”
West Lens Horizon
Massive and semi-massive sulphide
mineralization correlating with the West Lens was intersected over a
core length of 32.7 metres starting at 459.7 metres down-the-hole. The
sulphides are is located along the Selco Horizon and represent a
significant 200 metre extension of the West Lens relative to drill hole
SC-30. This intersection also marks an important improvement in
thickness updip from the nearest historic hole at depth (see attached Longitudinal Section of the
Selco Horizon ). Assays are tabled below:
West Lens ASSAY RESULTS –
DDH SC-34
| From (m)
|
To (m) |
Length
(m) |
Cu (%) |
Zn (%) |
Au g/t |
Ag g/t |
Remarks |
| 459.7 |
479.0 |
19.3 |
1.07 |
7.76 |
0.42 |
44.3 |
Massive Sulphides |
| 479.0 |
492.4 |
13.4 |
3.73 |
4.54 |
0.60 |
131.5 |
Semi-massive
and stringer sulphides |
| 459.7 |
492.44 |
32.7 |
2.05 |
6.57 |
0.49 |
76.3 |
TOTAL |
Note: Intercepts reported above
represent core lengths and true widths are unknown at this stage. Core
angles measured from crude layering in massive sulphides or with
volcanic contacts range from 50 degrees to 70 degrees. The density of
all the samples was measured prior to assaying for metals. The averages
shown in the above table represent weighted averages, taking into
account both the core length and the density of each sample, thus
ensuring a truly representative metal grade.
The 32.7 metre interval tabled above
is made up of two distinct zones, namely a relatively zinc-rich massive
sulphide section up-interval followed by a copper-rich basal section of
semi-massive and stringer sulphides. Pictures of these zones can be
seen, please refer to pictures B
and C .
Dr. Riverin commented: “The combined
massive and semi-massive sulphides starting at 459.7 metres represent
at least 33 metres of continuous good grade zinc and copper
mineralization that will add significantly to the first estimates of
inferred mineral resources of the West Lens. These results further
corroborate evidence of copper-rich VMS mineralization on our Scott
Lake property. We are also very pleased to see elevated gold and silver
values with the base metals, as this is the first time we have seen
such combined precious metal content in a hole drilled at Scott Lake.
Looking at the combined high grade copper assays obtained in holes
SC-34 and SC-30 (Press release of October 9, 2008), we are truly
encouraged about the ultimate mining potential of this portion of the
West Lens.”
Third mineralized zone
In addition to the above mineralized
intervals, SC-34 intersected, from 680.8m to 686.7m, yet another
massive sulphide zone, made up of 5.9 metres of massive pyrite and
sphalerite. This intersection is correlated with the new massive
sulphide lens discovered last September in SC-28, that assayed 10.8%
zinc and 55.6 g/t silver over 3.1 metres (see press release of
September 10, 2008). The intersection is located about 200 metres west
and below hole SC-28 (see the attached longitudinal section of the
North Horizon for the position of the Central Lens and of the
piercing points of holes SC-28 and SC-34 on that horizon). Assays for
this zone and the rest of the hole are pending and will be issued at a
later date.
Company Executive Chairman Mark
Goodman commented “While current market conditions are difficult, we
are delighted by the recent Scott Lake results, particularly as the
Company is fortunate to be the 100% owner of the property, and there
are no existing back-in rights. Focus for the remainder of the year and
the first quarter of 2009 will be directed at the Scott Lake and
Caribou projects, where our exploration team continues to generate
excellent drill targets.”
Work is carried out by the personnel
of Cogitore Resources Inc., under the supervision of Gérald
Riverin, PhD, P.Geo. He is a qualified person (as defined by National
Instrument 43-101) and has more than 31 years of experience in mineral
exploration.
The drill core from hole SC-34 was
logged and marked up for assay at the Company's secure facility in
Chibougamau, Quebec. Drill core for assay was sawn in half. Half
of the core was placed in sample bags which were shipped to ALS Chemex
in Val d'Or, PQ for specific gravity measurement and sample
preparation. Pulps were flown to Vancouver, B.C. for analysis with
appropriate standards, duplicates and replicates used for quality
control purposes. The other half of the core is retained for future
reference.
Cogitore explores for VMS-type
deposits in areas where such deposits have been found and mined before.
Exploring in such areas is preferred because of existing
infrastructure, knowledgeable local workforces and broad public support
for mining. Collectively, these are major competitive advantages.
For more information please contact:
Gérald Riverin, President
& CEO
Telephone: 819-764-6666
Louis Morin, Director, Investor
Relations
Telephone: 514-591-3988
The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
SEDAR: 00020132E. CNW 01-DEC-08 ©2008 Cogitore Resources Inc.
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