A new zone of copper-cobalt mineralization has been discovered by Canmine Resources (ASE) on a northwestern Ontario property it holds under option from Falconbridge (TSE).
The property, at Werner Lake, 80 km north of Kenora, is near two former nickel-copper producers: Falco’s Werner Lake mine and Consolidated Canadian Faraday’s Gordon Lake mine.
Seven drill holes cut copper-cobalt mineralization, and in six of these the intersections were 3 metres or longer. When averaged over the whole of each intersection, copper concentration ranged from 0.05% to 2.29%, and cobalt from 0.09% to 0.6%. Gold assays were as high as 0.11 oz. and silver as high as 0.12 oz. per ton in some of these intersections. Chip samples on surface contained comparable grades of copper, and cobalt values as high as 0.74%.
The discovery, named the West Zone, has been traced for 280 metres along strike and 40 metres at depth, and is open along strike to the east and downdip. It is about 600 metres west of the Werner Lake mine and 200 metres from a gravel road connected to the Manitoba provincial highway system.
Stepout drilling will continue through the fall and winter at 50-metre intervals to the east. Induced-polarization surveys are also under way.
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