Chapleau Intersects 23.45 g/t Gold, 39.33 g/t Silver and 3.53 % Lead on the Coringa Gold Project, Brazil
December 09 2008 - 2:40PM
Marketwired
Chapleau Resources Ltd. (TSX VENTURE: CHI) continues to intersect
high grade gold, silver and lead at depth on the Meio structure at
the Coringa gold project in Brazil. Hole 67 (first of the 3rd phase
drill program of 7,000 m) intersected 1.50 m of 23.45 g/t gold,
39.33 g/t silver, 3.53 % lead, 0.30 % zinc and 0.20 % copper from
107.5 to 109.0 m. Hole 67 was drilled approximately 50.0 m east of
Hole 62 with a previously reported intersection of 3.0 m of 65.77
g/t (1.92 oz/t) gold, 65.17 g/t (1.90 oz/t) silver, 6.03 % lead,
4.35 % zinc and 0.45 % copper from 56.0 to 59.0 m (see location map
on website: www.chapleauresources.com/projectmaps.php?ID=11).
Results for an additional 2 drill holes (DDH68 and DDH69) have
also being received and the three holes confirm consistent gold
mineralization associated with a shear zone, which is open at depth
and in a northwest and southeast direction. To date a total of 13
drill holes (1,653.0 m) in the 3rd phase program have been
completed over a strike length of 473.0 m. Results for the
remaining holes will be released on receipt of assays from SGS
Geosol Laboratory.
The summary of gold, silver, copper, lead and zinc results for
the 3rd phase drill holes on the Meio, structure are highlighted in
the table below.
Summary of Drill Hole Results for the 3rd Phase Program
------------------------------------------------------------------------
Structure Mineralization
------------------------------------------------------------------------
Hole
BR_COR_# From To Width Gold Silver Copper Lead Zinc
------------------------------------------------------------------------
metre (g/t) (g/t) % % %
------------------------------------------------------------------------
Meio
------------------------------------------------------------------------
DDH67 22.00 24.50 2.50 1.54 3.54 - 0.59 0.11
------------------------------------------------------------------------
includes 22.00 22.50 0.50 3.84 - - 0.59 0.22
------------------------------------------------------------------------
------------------------------------------------------------------------
DDH67 107.50 109.00 1.50 23.45 39.33 0.20 3.53 0.30
------------------------------------------------------------------------
includes 108.50 109.00 0.50 36.65 44.00 0.17 2.58 0.37
------------------------------------------------------------------------
------------------------------------------------------------------------
DDH68 149.00 155.00 6.00 4.28 7.50 - 0.48 0.03
------------------------------------------------------------------------
includes 154.00 155.00 1.00 16.83 12.40 - 4.70 -
------------------------------------------------------------------------
------------------------------------------------------------------------
DDH69 169.80 170.30 0.50 1.15 - - - -
------------------------------------------------------------------------
- Gold assays greater than 0.5 g/t Au are reported with the exception of
gold values included within mineralized intervals with widths of greater
than 1 m.
- Cu, Pb and Zn values greater than 0.1 % are reported with the exception
of Cu, Pb and Zn values included within mineralized intervals with widths
of greater than 1 m.
During November 2008, the remaining 8.7 km of the 70.7 -line km
IP (induced polarization) dipole-dipole, geophysical survey and the
time domain electromagnetic (EM) geophysical survey of 1,109.0
line-km were completed. These two geophysical surveys were done to
cover all identified gold vein structures, pan concentrate and gold
in soil anomalies both at Coringa and Mato Velho. Results from the
EM and the remaining 8.7 km of the IP surveys are awaited in order
to further delineate future drill targets on the 31,995 ha of
claims.
Drill holes were inclined at between 50 degrees and 60 degrees.
Core recovery for the mineralized intervals averaged greater than
95%. The estimated true widths of all the mineralized intervals are
approximately 90% of the intersected widths in the holes. Gold
mineralization occurs within silicified, quartz veined and sericite
altered shear zones surrounded by hematitic and propylitic
envelopes within volcanic rhyolites. Principal sulphide
mineralization includes pyrite, galena, sphalerite and chalcopyrite
between 0.5% and 20.0%.
Drill cores for assaying were taken at a minimum of 0.5 m and
maximum of 2.0 m intervals. All core samples (HQ diameter) were cut
with a diamond saw and one-half of the core placed in bags,
numbered and sealed then sent via a secure transport agency to the
SGS Geosol Laboratory in Itaituba in Brazil for preparation and the
pulps sent directly to the SGS Geosol Laboratory in Belo Horizonte
and Vespasiano for analysis. The core samples were crushed down to
2 mm, a split of 250 to 300 g was taken and pulverized to better
than 95% minus 150 mesh. Gold analysis was by fire assay of a 30 g
sample and an atomic absorption finish. Silver and additional 32
elements using aqua regia acid digestion were analyzed by
Inductively Coupled Plasma (ICP). As part of the Company's QA/QC
program duplicates, blanks and internationally recognized standards
were included in the sample batches to check on assay precision and
accuracy. SGS Geosol, which is an ISO, 9001:2000 and ISO 14001:
2004 registered laboratory also has a quality control program in
place, which includes standards and duplicates.
This press release was prepared by Ian Gendall, Pr. Sci. Nat., a
qualified person in compliance with National Instrument 43-101.
For technical information regarding this press release, kindly
contact Ian Gendall at 604 669 8511.
BY ORDER OF THE BOARD OF DIRECTORS
Signed:
CHAPLEAU RESOURCES LTD.
Ian Gendall, President
This news release may contain forward-looking statements
including but not limited to comments regarding the timing and
content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes,
etc.
Forward-looking statements address future events and conditions
and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in
such statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Chapleau Resources Ltd. Ian Gendall (604) 669-8511
(604) 669-7712 (FAX) Email: info@chapleauresources.com Website:
www.chapleauresources.com
Chapleau Resources Com Npv (TSXV:CHI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Chapleau Resources Com Npv (TSXV:CHI)
Historical Stock Chart
From Jul 2023 to Jul 2024