Results from seven holes at Mac property confirm mineralization

Diamond drilling at Spokane Resources’ (SKN-V) Mac property in northern British Columbia continues to confirm and expand known molybdenite and copper mineralization, the company says.

The last phase of the 1996 drilling program was conducted in the east half of the defined deposit in the Camp Zone. Results from the latest seven holes confirm the lateral and vertical continuity of mineralization within the zone, the company adds.

Highlights include hole 50, which intersected 246.9 metres grading 0.115% molybdenite and 0.115% copper (including 114 metres of 0.182% molybdenite and 0.172% copper), and hole 51, which returned 187.5 metres of 0.142% molybdenite and 0.133% copper (including 100 metres of 0.198% molybdenite and 0.199% copper).

Hole 47 returned 0.102% molybdenite and 0.034% copper over a length of 120.3 metres from 19 metres to 139.6 metres, while hole 48 returned 0.125% molybdenite and 0.098% copper over 122.9 metres, from 28 metres to a total depth of 150.9 metres. Spokane Resources says those results confirm the continuity of mineralization within the quartz monzonite porphyry intrusive.

Hole 45 returned 94 metres of 0.123% molybdenite and 0.123% copper, hole 46 hit 74 metres of 0.12% molybdenite and 0.111% copper, and hole 49 intersected 90 metres grading 0.113% molybdenite and 0.086% copper.

Spokane believes that the higher-grade sections may be lenses within the contact volcanics of the intrusive.

The Mac property is situated 100 km east of the town of Smithers. Spokane is earning a 60% interest form Rio Algom (ROM-T), and plans to begin the next phase of drilling in early 1997.