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COGITORE REPORTS MORE ASSAYS
FROM HOLE SC-34 AT SCOTT LAKE; West Lens Interval
Extended By Additional 21 Metres To Reach 53.7 Metres Of
1.88% Copper, 4.89% Zinc, 0.39 g/t Gold And 69.5 g/t Silver.
TORONTO, January 12 - COGITORE Resources
Inc. (the "Company") (WOO: TSX-V) is pleased to report
additional encouraging results from Scott Lake drill hole
SC-34. An initial set of assays were released on December
1, 2008. All remaining assays for the hole have now been
received and the Company is pleased to report the following
highlights:
- The 32.7 metre intersection of massive and semi-massive
sulphides initially reported on the December 1, 2008
press release as grading 2.05% copper and 6.57%
zinc has been extended by an additional
21 metres of mineralization grading 1.61% copper, 2.27%
zinc and 58.8 g/t silver. The combined massive
and stringer sulphide intersection, which
begins at 459.7 metres down the hole, now represents 53.7
metres of continuous zinc and copper mineralization
for the West Lens ( Figure
1 ) grading 1.88% copper, 4.89% zinc, 0.39
g/t gold and 69.5 g/t silver ;
- The entire West Lens stringer zone, beginning at
479m down the hole, has now been extended to a depth
of 609 metres for a total stringer envelope of 130
metres, including a previously unreported 74.2m envelope
starting at 534.8m and averaging 0.83% copper, 1.99%
zinc, 0.34 g/t gold and 27.6 g/t silver;
- Strongly anomalous gold values
are found throughout the West
Lens stringer zone, including
a one metre section grading 14.5
g/t gold at 600 metres;
- Two pyrite-rich sulphide
zones over core lengths of
7.7 metres (631.3m to 639.1m)
and 3.6 metres (661.5m to 665.1m)
are strongly anomalous in zinc,
grading 3.7% and 7.3% zinc
respectively. These pyrite-rich
horizons have not been correlated
with any of the other known
major mineralized horizons
on the Scott Lake project;
and
- The new massive sulphide
lens (“1750 Lens”) discovered
with hole SC-28 (see press
release of September 10, 2008)
was confirmed and extended
in area by hole SC-34. Hole
SC-34 lies 150 metres to the
west and down-dip of SC-28
( Figure
2 ). This intersection
graded 0.30% copper,
6.00% zinc, 0.23 g/t gold and
26.3 g/t silver over
a core length of 12.4
metres , which included
3.1 metres of barren dyke at
zero grade .
A schematic diagram showing the trace of
hole SC-34 is presented in Figure
3 with the Company's current interpretation of the
various styles of mineralization encountered in hole SC-34.
In essence, hole SC-34 cored five separate massive sulphide
horizons. Each horizon represents a distinct period of “Black
Smoker” type massive sulphide accumulation onto a former
seafloor. The extensive stringer zone which almost links
the West Lens with the 1750 Lens represents a “feeder vent” structure
through which mineralizing fluids circulated to transport
the various metals to individual massive sulphide horizons.
Complete assays for SC-34 are tabled below:
34 ZINC ZONE ASSAY RESULTS – SC-34
(previously released)
| From (m) |
To (m) |
Length (m) |
Cu (%) |
Zn (%) |
Au g/t |
Ag g/t |
Remarks |
| 408.6 |
426.5 |
17.9 |
0.05 |
23.31 |
0.32 |
12.4 |
Massive sulphides |
|
|
|
including |
|
|
|
|
| 419.75 |
426.50 |
6.75 |
0.10 |
34.90 |
0.07 |
13.6 |
Massive sulphides |
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 (previously
released) |
| 492.4 |
513.4 |
21.0 |
1.61 |
2.27 |
0.23 |
58.8 |
stringer sulphides
(new results) |
| 459.7 |
513.4 |
53.7 |
1.88 |
4.89 |
0.398 |
69.5 |
TOTAL (including
new results) |
West Lens ASSAY RESULTS – DDH SC-34
(new results)
| From (m) |
To (m) |
Length (m) |
Cu (%) |
Zn (%) |
Au g/t |
Ag g/t |
Remarks |
| 513.4 |
528.0 |
14.6 |
0.58 |
1.28 |
0.12 |
17.7 |
stringer sulphides |
| 528.0 |
534.8 |
6.8 |
unmineralized |
gabbro |
dyke |
|
|
| 534.8 |
608.9 |
74.1 |
0.82 |
1.99 |
0.34 |
27.6 |
stringer sulphides |
|
|
|
including |
|
|
|
|
| 600.0 |
601.0 |
1.0 |
0.50 |
0.39 |
4.50 |
22.3 |
stringer sulphides |
NEW MASSIVE SULPHIDES (UNCORRELATED) – DDH
SC-34 (new results)
| From (m) |
To (m) |
Length (m) |
Cu (%) |
Zn (%) |
Au g/t |
Ag g/t |
Remarks |
| 631.3 |
639.0 |
7.7 |
0.10 |
3.70 |
0.05 |
10.3 |
Massive sulphides |
| 661.5 |
665.1 |
3.6 |
0.25 |
7.25 |
0.21 |
19.0 |
Massive Sulphides |
1750 LENS ASSAY RESULTS – DDH SC-34 (new results)
| From (m) |
To (m) |
Length (m) |
Cu (%) |
Zn (%) |
Au g/t |
Ag g/t |
Remarks |
| 674.3 |
677.6 |
3.3 |
0.25 |
10.45 |
0.75 |
43.7 |
Massive Sulphides |
| 677.6 |
680.7 |
3.1 |
unmineralized |
gabbro |
dyke |
|
|
| 680.7 |
686.7 |
6.0 |
0.42 |
5.74 |
0.05 |
26.2 |
Massive sulphides |
| 674.3 |
686.7 |
12.4 |
0.3 |
6.00 |
0.23 |
26.3 |
TOTAL of above
intervals |
| 686.7 |
699.2 |
12.5 |
0.25 |
1.69 |
0.08 |
17.8 |
stringer sulphides |
Dr. Riverin commented “Combined with the
initial assays released last December, these results confirm
that SC-34 has clearly hit a “hot spot” in the Scott Lake
mineralized system. It is a rare occurrence in exploration
to hit, in the same hole, no less than five distinct massive
sulphide lenses, in addition to spectacular envelopes of
stringer sulphides with grades that potentially are of
real economic interest. Core angles in massive sulphides
are generally high, suggesting hole SC-34 intersected an
area of multiple stacked horizons in an active volcanic
environment. Holes SC-34 and SC-30, located approximately
225 metres apart, both had high copper grades, suggesting
the newly discovered upper part of the West Lens may represent
a substantial accumulation of proximal high grade massive
sulphides that still remains open to the east and to the
west.”
Despite the current negative capital and
commodity market conditions, Company management has determined
that these results are sufficiently impressive so as to
necessitate an aggressive winter drill program to continue
to develop its understanding of the Scott Lake system.
The Company plans to drill an additional 4,000 metres over
7 holes in the first quarter of 2009 to test extensions
of SC-30 and SC-34. Drilling resumed at Scott Lake
with one machine on January 7, 2009.
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 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.
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.
SEDAR: 00020132E. CNW 12 JAN 09 ©2009 Cogitore Resources
Inc. |
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