Normabec Intersects 11.52 g/t Au Over 5 Metres and 9.13 g/t Au Over 11 Metres on Pitt Gold
January 06 2009 - 8:53AM
Marketwired Canada
Normabec Mining Resources Limited ("NORMABEC" or the "Company") (TSX
VENTURE:NMB)(FRANKFURT:N6M) is pleased to announce the first results from its
fall drilling program on the Pitt Gold property, located along the
Porcupine-Destor Break, some 35 km north of Rouyn-Noranda, in the Abitibi region
of Quebec.
From October to December 2008, Normabec completed 9 holes for a total of 5,180
metres of core. All holes targeted extensions of known mineralized zones and
more specifically zones 1 and 2 located in the eastern portion of the property.
DRILL HOLE FROM TO LENGTH GRADE VEIN
(m) (m) (m) g/t Au
PG2008-08 341.0 342.0 1.0 1.65
354.0 359.0 5.0 11.52 # 1
including 356.0 357.0 1.0 18.69
and 358.0 359.0 1.0 34.43
443.0 444.0 1.0 1.18 # 2
455.5 456.0 0.5 1.74
505.0 506.0 1.0 1.12
PG2008-09 353.0 354.0 1.0 1.19
451.0 462.0 11.0 9.13 # 1
including 452.0 453.0 1.0 16.50
and 454.0 455.0 1.0 12.90
and 461.0 462.0 1.0 43.60
463.0 463.75 0.75 1.25
509.0 511.0 2.0 11.05 # 2
519.0 520.0 1.0 3.87
Of note, in both of the holes reported above, significant widths and grades are
now being returned from zone 1 (11.52 g/t Au over 5 m and 9.13 g/t Au over 11
m). The Company estimates that true widths are approximately 80% of the core
lengths indicated above. These two holes were drilled 100 metres apart with
hole PG2008-05 located in between (see below). Results are pending for the
remaining seven holes of this program.
These excellent results follow on a series of outstanding intersections reported
in early 2008 (please see Press Releases dated Feb. 28 and March 18) from the
winter drilling program undertaken in the same area (10.43 g/t Au over 3.0 m in
PG2008-01, 35.2 g/t Au over 5.0 m in PG2007-07, 21.04 g/t Au over 2.0 m and
31.75 g/t Au over 1.5 m in PG2008-05). Mineralization at Pitt Gold can be
followed laterally for 500 metres and vertically for 800 metres, and remains
open at depth. Notably, as is common within the prolific Porcupine-Destor
region, a large majority of high grade values are found below the 300 meter
level.
In the fall of 2008, Normabec acquired the remaining 20% interest in the Pitt
Gold property from SOQUEM Inc. and GeoNova Exploration Inc. The interests
retained by the former owners have been converted into a 1% NSR royalty to each.
The royalty can be bought back for $1 million.
Samples were prepared and assayed at Technilab of Sainte Germaine de Boule and
were subjected to fire assay with AA finish. Normabec has implemented a QAQC
program which includes systematic use of standards, blanks and duplicates.
Values above 3 g/t Au are systematically re-assayed.
The 2008 drilling program was carried out under the supervision of Mr. Pierre
O'Dowd, geologist and Qualified Person as per National Instrument 43-101.
Normabec is a junior mining exploration company with a portfolio of advanced
exploration projects including: the 100% owned Pitt Gold Project in Quebec and
the 100% owned Real de Catorce Silver Project in Mexico.
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