Blind Creek Reconnaissance Drilling Program Intersects Up To 11.3 g/t Gold and 226.0 g/t Silver near Atlin, BC
November 14 2011 - 6:30AM
Marketwired Canada
Blind Creek Resources Ltd. (TSX VENTURE:BCK) ("the Company" or "Blind Creek")
reports that reconnaissance drilling at the Wann River Project in the Atlin
Mining Division of northern British Columbia intersected multiple gold and
silver veins grading up to 11.3 g/t gold and 226 g/t silver over 1 meter
intersections, 4 kilometres south of the past producing and historic Engineer
gold-silver mine.
The 17 hole, 3,325 metre reconnaissance drill program, occurred in a zone
containing seven newly re-discovered quartz vein systems within an 800 metre by
180 metre prospective corridor adjacent to Wann River. Drilling took place from
five separate drill pads (WR1 to WR5), set up over a 700 metre NW-SE trend.
Targets in the Company's extensive claim holdings will be for a bulk tonnage
gold-silver mesothermal quartz stockwork porphyry type system as well as a high
grade gold-silver epithermal quartz vein system.
J. Frank Callaghan, President and CEO states, "It is exciting to have hit
multiple occurrences of gold and silver mineralized quartz veins in these
initial reconnaissance drill holes."
Data from 13 drill holes has been received of which nine indicated mineralized
intersections. Data from three holes remain to be received; one hole
(WR05-01-11) was not analyzed. Holes drilled ranged from vertical to -50 dips;
drill directions were 30, 70, 210 or 250 degree azimuths.
Drilled rock intercepts include metamorphosed medium grained granodiorite,
metamorphosed fine grained diorite and metamorphosed diorite, as well as
un-metamorphosed fine to medium grained, slightly porphyritic quartz diorite.
Multiple quartz stock works sections are present as well as quartz vein
intersections up to 3 metres in length. True widths of the intercepts will be
determined after additional drill holes are completed.
On surface, seven quartz vein systems host analytical gold and silver, as well
as visible chalcopyrite, galena, sphalerite, tetrahedrite in addition to more
rare molybdenite and arsenopyrite. Drill core indicates visible to trace amounts
of these minerals generally in one metre intercepts with sharp cut-offs.
Highlights include:
----------------------------------------------------------------------------
Diamond
Drill From To Interval Analyses Assays CALC. MEAN AV.
----------------------------------------------------------------------------
Au Ag Au Ag Au Ag
Hole # (m) (m) (m) ppb ppm g/t g/t ppm ppm
----------------------------------------------------------------------------
Drill pad
WR-01
----------------------------------------------------------------------------
WR-01-01-11 33.85 35 1.15 greater 8.6 1.2
than
1000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
WR-01-02-11 33.00 34 1 greater 20.6 2.34
than
1000
----------------------------------------------------------------------------
39.62 40.2 0.58 990 48.2 56.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
WR-01-03-11 73 74 1 greater 15.8 1.2
than
1000
----------------------------------------------------------------------------
147 148 1 greater greater 3.47 226
than than 50
1000
----------------------------------------------------------------------------
147 149 2 2.05 120
----------------------------------------------------------------------------
----------------------------------------------------------------------------
WR-01-04-11 31 32 1 greater 13 1.44
than
1000
----------------------------------------------------------------------------
32 33 1 greater 42.4 3.85
than
1000
----------------------------------------------------------------------------
WR-01-04-11 31 33 2 2.6 27.5
----------------------------------------------------------------------------
71 72 1 greater greater 4.45
than than 50
1000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Drill pad
WR-02 (170
m SE of
Pad WR-01)
----------------------------------------------------------------------------
WR-02-01-11 60 61 1 greater 138
than 50
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Drill pad
WR-03 (65
m SW of
Pad WR-01)
----------------------------------------------------------------------------
WR-03-02-11 45 46 1 greater 44.4 2.29
than
1000
----------------------------------------------------------------------------
78 79 1 greater greater 11.3 76.2
than than 50
1000
----------------------------------------------------------------------------
77 80 3 3.77 17.6
----------------------------------------------------------------------------
112 113 1 greater 25.4 2.5
than
1000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
WR-03-03-11 118 119 1 greater 35.2 3.21
than
1000
----------------------------------------------------------------------------
127 128 1 greater 45.8 4.15
than
1000
----------------------------------------------------------------------------
128 129 1 greater 47.2 1.69
than
1000
----------------------------------------------------------------------------
127 129 2 2.92 46.5
----------------------------------------------------------------------------
----------------------------------------------------------------------------
WR-03-04-11 186 187 1 greater 63.8
than 50
----------------------------------------------------------------------------
187 188 1 43.6
----------------------------------------------------------------------------
188 189 1 28.6
----------------------------------------------------------------------------
189 190 1 32.6
----------------------------------------------------------------------------
186 190 4 42.15
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Drill pad
WR-04
(253m NW
of Pad WR-
01)
----------------------------------------------------------------------------
WR-04-01-11 151 152 1 greater greater 11.3 94.8
than than 50
1000
----------------------------------------------------------------------------
155 156 1 greater 7.6 1
than
1000
----------------------------------------------------------------------------
164.6 166 1 greater 16 1.26
than
1000
----------------------------------------------------------------------------
151 155 5 2.504 22.8
----------------------------------------------------------------------------
151 166 15.59 1.05 9.62
----------------------------------------------------------------------------
Drill core processing included descriptive logging and sampling for geochemical
analyses. The NTW size drill core was diamond sawed in two halves at the
Company's rented facilities in Atlin, BC. After sample preparations were
completed, sample pulps were forwarded to Eco Tech Laboratory Ltd. in Kamloops,
B.C. for ICP 28 element analysis, geochemical gold analysis and fire assay when
returns are over 1000 ppb Gold. Analysis/Assays are made on requested 50 gram
sample.
The technical information in this News Release has been reviewed by Nicholas
Clive Aspinall, P.Eng., a qualified person as defined in National Instrument
43-101.
The company began staking claims in 2004 around the historic Engineer mine and
in the historic Atlin placer gold camp in the Atlin mining division of north
western British Columbia. The two claim groups, now known as the Tagish Lake and
Atlin claim groups, have grown to a total of 139,081 hectares of mineral claims.
The Wann River project consists of mineral claims covering an area of 2,271
hectares within the Tagish Lake claim group; it is located approximately four
kilometres south of the historic Engineer mine. The project area is accessible
to sealed roads which lead to the Alaska Highway, including the White Pass Rail
route to Skagway, Alaska, via 80 kilometres on navigable Tagish Lake.
On behalf of the Board of Directors,
J. Frank Callaghan, President and CEO
This News Release contains forward-looking statements. Forward-looking
statements are statements, which relate to future events and conditions and
therefore involve inherent risks and uncertainties. These statements are only
predictions and involve known and unknown risks, uncertainties and other factors
that may cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or implied by these
forward-looking statements. While these forward-looking statements, and any
assumptions upon which they are based, are made in good faith and reflect our
current judgment regarding the direction of our industry, actual results will
almost always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested herein. Except as
required by applicable law, the Company does not intend to update any of the
forward-looking statements to conform these statements to actual results. All
phases of the Company's operations are subject to environmental regulation and
governmental approval and permits and there can be no assurance that the Company
will obtain all the requisite permits for future development. Mining is an
inherently risky business with large capital expenditures and cyclical metals
markets.
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