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COGITORE INTERSECTS HIGH
GRADES AT SCOTT LAKE WITHIN BROAD STRINGER MINERALIZATION
- 10.3% Copper, 19.4% Zinc and 243 g/t Silver
over 1 metre within 2.06 % Cu, 4.71 % Zn, 0.14
g/t Au and 65.1 g/t Ag over 10.7 metres
TORONTO, February 23 - COGITORE Resources
Inc. (the "Company") (TSX VENTURE:WOO) is pleased to report
a narrow but high grade intercept of volcanogenic massive
sulphides (VMS) within a larger 31.5 metre zone of stringer
sulphides at the 100%-owned Scott Lake Project in Chibougamau,
PQ. Drill hole SC-36 intersected a one metre massive sulphide
interval, which assayed 10.3% copper, 19.4% zinc and 243
g/t silver starting at 526.7 metres down hole (vertical
depth 474m). The high grade intercept is believed to be
an extension of the 1750 Lens and occurs within a broader
31.5 metre intersection of altered rhyolite and stringer-type
sulphide mineralization. Core angles (70 degrees-80 degrees)
indicate near true width. Weighted averages of individual
assays are tabled below:
ASSAY RESULTS – DDH SC-36
| From (m) |
To (m) |
Length (m) |
Cu (%) |
Zn (%) |
Au g/t |
Ag g/t |
Remarks |
| 519.0 |
550.5 |
31.5 |
1.17 |
2.18 |
0.13 |
31.5 |
stringer + massive sulphides |
|
|
|
including |
|
|
|
|
| 520.0 |
530.7 |
10.7 |
2.06 |
4.71 |
0.24 |
65.1 |
stringer + massive
sulphides |
|
|
|
including |
|
|
|
|
| 526.7 |
527.7 |
1.0 |
10.30 |
19.35 |
0.05 |
243.0 |
massive sulphides |
As seen on Section 1500W on Figure
1 , has the potential to also host copper-enriched
zones, such as has been seen in the West Lens and as
would be expected in layered or "stacked" massive sulphide
environments.
Gerald Riverin, Cogitore's President & CEO, noted that "while
narrow, the high grades of copper, zinc and silver in this
one metre massive sulphide intersection may be significant,
as it does not take large volumes of such mineralization
to 'sweeten' or 'carry' large tonnages of surrounding stringer
mineralization. The Company continues to be strongly encouraged
by the discovery of multiple high grade mineralized horizons
at Scott Lake."
SC-36 was also targeting the West Lens about 100 metres
higher than the stringer mineralization intercept in SC-35
(see press release of January 21, 2009) but the Selco Horizon,
which hosts the West Lens, was dyked out and therefore
not intersected in SC-36. The Company is awaiting borehole
geophysical results in order to determine the direction
in which the West Lens was dilated or displaced.
Subsequent to the January 21, 2009 press release, additional
assays were also received from the bottom section of hole
SC-35. Highly anomalous copper and zinc values were intersected
as tabled below:
ASSAY RESULTS – DDH SC-35 (bottom
section of the hole)
| From (m) |
To (m) |
Length (m) |
Cu (%) |
Zn (%) |
Au g/t |
Ag g/t |
Remarks |
| 859.8 |
865.3 |
5.5 |
0.39 |
2.24 |
0.19 |
7.1 |
stringer sulphides |
| 902.6 |
914.5 |
11.9 |
0.68 |
0.49 |
0.12 |
16.2 |
stringer sulphides |
| 946.7 |
956.8 |
10.1 |
0.67 |
0.12 |
0.09 |
12.5 |
stringer sulphides |
|
|
|
including |
|
|
|
|
| 946.7 |
947.4 |
0.7 |
2.14 |
0.14 |
0.54 |
42.6 |
stringer + massive
sulphides |
The Company is in the process of interpreting
and correlating the results from the bottom section of
SC-35.
Drilling will continue at Scott Lake, testing the West
Lens and the 1750 Lens at approximate 100 metre centres
until the end of the first quarter, with the objective
of determining the size and geometry of the mineralized
zones. Wedging or directional drilling from existing holes
is being evaluated to save on costs and time.
Work is carried out by the personnel of Cogitore Resources
Inc., under the supervision of Gerald 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-36 was logged and marked up
for assay at the Company's secure facility in Chibougamau,
Quebec. Drill core for assay was split in half. Half of
the core was shipped in sample bags to the ALS Chemex laboratory
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.
Upcoming Events
Management of Cogitore Resources will be
present at the 2009 PDAC in Toronto, Ontario. We look forward
to meeting you at these events:
March 1 - 2, 2009 – Core Shack -
Level 700 Booth # 5008A
March 1 - 4, 2009 - Investors Exchange
- Level 800 Booth # 3013
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 logistics and economics.
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. |
