Camnor drilling at Cirque

Partners Camnor Resources (CMB-V) and Oromin Explorations (OME-V) have launched a US$125,000 diamond drill program at the Cirque volcanogenic massive sulphide (VMS) property, 60 miles south of Fairbanks, Alaska.

Under the operatorship of Camnor, the 1,200-to-1,400-ft. program will test two zones of VMS mineralization, namely Discovery and Dol. Oromin stands to earn up to a 36% interest in the property over a 3-year period by paying $175,000 in cash and spending $375,000 on exploration. The company can increase its interest to 51% by paying an extra $500,000 in cash to the vendor and issuing 500,000 shares to Camnor.

Last year, trenching was carried out on the Discovery zone, the average value being 3.84% zinc, 2.76% lead and 0.49% copper, plus 3.73 grams gold and 98.5 grams silver per tonne, over a 2.4-metre width.

The Discovery zone is hosted in carbonaceous shales and appears to follow a contact with a rhyolite schist. The mineralization is massive to banded and can be traced in outcrop for about 20 metres with widths up to 2.8 metres. The zone remains open in both directions but is covered by talus and scree.

The Dol zone is hosted in a dolomite horizon that is interbedded with shale. Mineralization has been traced in scattered outcrops for about 200 metres. All outcrops sampled returned anomalous base and precious metal values. Highlights include a 1-metre chip sample that assayed 5.57% zinc, 2.24% lead, 0.31% copper, 0.41 gram gold and 33 grams silver. In 1994, a ground geophysical survey delineated a 670-metre-long electromagnetic anomaly coincident with the Dol zone.