BATEMAN/SHAVER TOWNSHIP GEOPHYSICS UPDATE
Further to our news release of February 18, 2004 the Companies
have received a preliminary geophysics report on its northern
claim block. These claims are bordered by Rubicon along the
north and west sides and by the Goldcorp / MetalCORP Black
Bear property, which is currently under extensive exploration,
to the northeast.
The geophysics interpretation has targeted 5 drill sites
in the south central portion of the claim block. A summer
drilling program is being planned. The Companies are further
encouraged by a recent news release (MetalCORP Ltd. –
“TSX-V: MTC” dated May 26/04) which reported a
gold occurrence discovered in the south eastern portion of
the property where a sample yielded a grade of 14.9 grams
per tonne gold over 0.30 metre.
WALSH LAKE/ BATEMAN TOWNSHIP – RED LAKE UPDATE
Further to our news release of April 6 and May 6/04, Belmont
Resources Inc. (“BEO”) and Montoro Resources Inc.
(“MNQ”) have received the drilling results on
its Walsh Lake, Bateman Township property.
63 samples (59 from Hole BWL – 04-01 and 4 from BWL
– 04-03) totalling 55 metres of core were assayed for
gold assay and multi element analysis.
Hole #01 was drilled to target an electromagnetic conductor.
The conductor was explained by 1 - 25% sulphide mineralization
over an approximately 60 metre core length hosted in an altered
(silicified, carbonatized and chloritized) mafic volcanic
unit No significant gold values were obtained.
Hole #02 – No samples were taken.
Hole #03 – Silicified zones with minor concentrations
of sulphide mineralization were sampled. No significant gold
values were obtained.
A summer ground geophysics program consisting of magnetic
and VLF-em surveying is being planned for the 3 claims (35
units) which were staked in February 2004, and which are contiguous
with the Walsh Lake claim groups. These 3 claims are adjacent
to Rubicon / Goldcorp joint venture property to the west.
The above information was provided by our independent project
supervisor, Mr. James Burns, B.Sc., P.Eng. of Timmins, Ontario;
a qualified person under National Instrument 43-101.
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