Cogitore Resources Inc. (the "Company") (TSX VENTURE:WOO) is pleased to report assays from drill hole SC-61. The intercepts consist of volcanogenic massive and stringer sulphides (VMS) located near the top of the Tony Rhyolite and hole SC-61 is interpreted as a discovery hole for a second copper-enriched lens associated with the Tony Rhyolite volcanic unit.
The assay breakdowns for the sulphide mineralization-types are:
Hole SC-61 (south massive sulphides)
From
(m) |
To
(m) |
Length
(m) |
Cu
% |
Zn
% |
Au
g/t |
Ag
g/t |
Remarks |
| 534.4 |
555.4 |
21.0 |
0.9 |
0.2 |
- |
12.4 |
massive and stringer sulphides
(vert. depth: 480m) |
including |
| 534.4 |
537.5 |
3.1 |
2.8 |
0.5 |
0.2 |
46.3 |
massive sulphides
South contact of rhyolite |
and |
| 548.8 |
555.4 |
6.6 |
1.4 |
0.2 |
0.1 |
16.8 |
Stringers sulphides |
| 555.4 |
589.3 |
33.9 |
low values |
| 589.3 |
592.4 |
3.1 |
1.9 |
0.1 |
0.2 |
13.7 |
Stringers sulphides |
In addition to the above mineralization located at the south contact of the rhyolite unit, there was also a narrow high grade massive sulphide band along the north contact of the rhyolite:
Hole SC-61 (north massive sulphides)
From
(m) |
To
(m) |
Length
(m) |
Cu
% |
Zn
% |
Au
g/t |
Ag
g/t |
Remarks |
| 616.7 |
616.9 |
0.2 |
6.8 |
0.4 |
0.5 |
140 |
massive sulphides
(vert. depth: 550m) |
Bedding core angles in the north and south massive sulphides suggest true widths in the order of 75-80 percent. The configurations of the underlying stockwork sulphide "plumbing" zones are unknown at this time.
Hole SC-61 targeted a down-the-hole geophysical response related to stringer-type mineralization (1.3% copper over 4.5 metres) intersected by hole SC-51. The intersections in holes SC-51 and SC-61 are located approximately 30 metres apart and about 150 metres north of the West Lens which contains the bulk of the published NI 43-101 compliant resources on the project. The fact that the recent massive sulphide intercepts in holes SC-61 (Tony Rhyolite) and the West Lens (Scott Rhyolite) are separated horizontally by only 150 metres has positive implications for eventual extraction, since mineralization is essentially 'twinned' in plan.
Significance of hole SC-61
The SC-61 mineralization occurs at the same formational time horizon (top of Tony Rhyolite) as the "CFO Lens" (Press Release June 17, 2010) but at shallower depth. The intercept is also likely related to a 3.0% copper over 4.7 metres interval in old hole SL-91-88 drilled in 1991 and located approximately 65 metres above and 200 metres east of SC-61.
"The SC-61 intercepts appear to represent a new lens located at the top of the Tony Rhyolite" says President & CEO Dr. Gerald Riverin. "For years the copper hit in SL-91-88 seemed to be an unexplainable "exotic" located too far north and too high in the volcanic sequence to relate to anything we knew. Until our discovery of the CFO Lens in mid-2010 our focus was indeed on the "West", "Central" and "800" massive sulphide lenses, all of which are associated with the Scott Rhyolite about 150 metres to the south."
The drill program is now completed and the Company has recently commissioned Roscoe Postle Asociates Inc. to prepare an updated mineral resource estimate and supporting NI 43-101 Technical Report on the property. Results are anticipated to be released mid-June.
Work is carried out by the Company's personnel, 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 30 years of experience in VMS exploration.
All drill core discussed in this press release 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 ALS Chemex of Val d'Or with appropriate standards, duplicates and replicates used for quality control purposes. The other half of the core is retained for future reference.
The Company has developed a strategic focus on base metal exploration in prospective areas that also feature infrastructure favourable for mining development. Accordingly, it will focus its work in the Abitibi Belt of Quebec and Ontario.
http://www.cogitore.com/
For more information please contact:
Gérald Riverin
President & CEO
Telephone: 819-764-6666 or
Mark Goodman
Executive Chairman
Telephone: 416-924-9893, ext. #1
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