Lakeside Minerals Inc. Announces Launay Property Drill Results: Intersects Up to 29.0 g/t Au Over 1.5 m and 1.65 g/t Au Over ...
15 Januar 2013 - 3:28PM
Marketwired Canada
Lakeside Minerals Inc. (TSX VENTURE:LAK) (the "Company") is pleased to announce
results from its first drill program on the Trojan block, Launay property,
northwestern Quebec. The Company completed a thirteen hole, 3981 m, drill
program in December 2012 and highlights from the first seven drill holes are
reported here.
Drill results indicate significant high grade gold intersections within much
wider anomalous to lower grade zones. Higher grade highlights include 29.00 g/t
Au over 1.5 m; 10.31 g/t Au over 3.0 m, which includes 17.90 g/t Au over 1.5 m;
7.08 g/t Au over 1.5 m; and 4.82 g/t Au over 1.6 m.
Anomalous to lower grade intersections have composite average values greater
than 0.10 g/t Au (100 ppb) to greater than 1.00 g/t Au over drill intervals from
several metres to tens of metres wide. Anomalous highlights include 1.65 g/t Au
over 18.0 m; 1.23 g/t Au over 64.5 m; 0.29 g/t Au over 11.2 m; 0.25 g/t Au over
25.5 m; 0.16 g/t over 45.0 m; 0.12 g/t over 36.0 m; 0.14 g/t over 32.0 m; and
0.10 g/t over 27.0 m.
Mario Justino, President and CEO of Lakeside Minerals Inc., commented: "The
results of the first seven drill holes further validate the potential of the
gold zones on the Trojan block associated with the Macamic deformation zone.
These results correlate well with historical high grade drill intersections. The
Company plans to continue assessing the along strike and depth potential of
these gold zones. The current drill program only tested several hundred metres
of the over 22 km of Macamic deformation zone on the Launay property. Based on
historical exploration and drill data, we are confident the Launay property
shows high potential to host significant gold mineralization."
Launay Property - Trojan Block Drill Results
In late October to December 2012, Lakeside conducted a thirteen hole, 3981 m,
drill program on the Trojan block, Launay property, located in northwestern
Quebec. Gold assay results from the first seven drill holes, LKTR-001 to
LKTR-007, are summarized in Table 1 below. Location maps will be made available
at www.lakesideminerals.com (see Properties: Launay property).
Table 1: Gold assay result highlights from drill holes LKTR-001 to LKTR-007.
"Anomalous" indicates drill intervals with weighted average results greater than
0.10 g/t Au (100 ppb) to greater than 1.0 g/t Au. Drill intervals (core length)
greater than 10 m and gold results greater than 1.0 g/t Au are indicated in
bold. (Note: "anomalous" may include intervals with less than 0.10 g/t Au)
----------------------------------------------------------------------------
Hole ID From (m) To (m) Interval (m)(i) Au g/t
----------------------------------------------------------------------------
LKTR-001 anomalous 78.00 123.00 45.00 0.16
includes 81.00 84.95 3.95 0.54
includes 89.00 90.50 1.50 0.55
includes 116.30 119.00 2.70 0.58
----------------------------------------------------------------------------
----------------------------------------------------------------------------
LKTR-002 anomalous 39.00 48.90 9.90 0.51
includes 43.50 45.00 1.50 1.04
includes 47.40 48.90 1.50 1.65
----------------------------------------------------------------------------
LKTR-002 anomalous 64.50 72.00 7.50 0.14
----------------------------------------------------------------------------
LKTR-002 anomalous 96.00 115.50 19.50 0.16
----------------------------------------------------------------------------
LKTR-002 anomalous 156.00 165.10 9.10 0.10
----------------------------------------------------------------------------
----------------------------------------------------------------------------
LKTR-003 anomalous 72.00 99.00 27.00 0.10
----------------------------------------------------------------------------
LKTR-003 anomalous 115.50 126.70 11.20 0.29
includes 121.50 123.00 1.50 1.47
----------------------------------------------------------------------------
LKTR-003 anomalous 138.00 174.00 36.00 0.12
----------------------------------------------------------------------------
----------------------------------------------------------------------------
LKTR-004 90.00 91.50 1.50 1.32
----------------------------------------------------------------------------
LKTR-004 anomalous 102.00 120.00 18.00 1.65
includes 104.90 106.50 1.60 4.82
includes 111.00 112.50 1.50 1.30
includes 112.50 114.00 1.50 7.08
includes 114.00 115.50 1.50 2.51
includes 115.50 117.00 1.50 2.15
----------------------------------------------------------------------------
LKTR-004 135.00 136.50 1.50 2.52
----------------------------------------------------------------------------
LKTR-004 anomalous 160.50 216.00 55.50 0.18
----------------------------------------------------------------------------
LKTR-005 145.50 210.00 64.50 1.23
includes 163.50 166.50 3.00 10.31
which includes 163.50 165.00 1.50 17.90
which includes 165.00 166.50 1.50 2.72
includes 199.50 201.00 1.50 29.00
----------------------------------------------------------------------------
LKTR-006 117.20 122.70 5.50 1.24
includes 117.20 117.90 0.70 1.31
includes 117.90 118.80 0.90 3.92
includes 121.50 122.70 1.20 1.06
----------------------------------------------------------------------------
----------------------------------------------------------------------------
LKTR-006 159.00 159.50 0.50 1.44
----------------------------------------------------------------------------
LKTR-006 anomalous 175.50 201.00 25.50 0.25
includes 184.50 186.00 1.50 2.41
----------------------------------------------------------------------------
LKTR-006 anomalous 220.50 225.00 4.50 0.81
includes 220.50 222.00 1.50 1.96
----------------------------------------------------------------------------
----------------------------------------------------------------------------
LKTR-007 82.20 83.30 1.10 1.10
----------------------------------------------------------------------------
LKTR-007 anomalous 129.00 133.00 4.00 0.49
includes 129.70 130.30 0.60 1.04
----------------------------------------------------------------------------
LKTR-007 anomalous 184.00 216.00 32.00 0.14
----------------------------------------------------------------------------
----------------------------------------------------------------------------
(i) Core length Note: hole inclination -45 degrees
----------------------------------------------------------------------------
The drill program was a follow-up to summer and early fall 2012 work carried out
on the Trojan block (www.lakesideminerals.com: see Oct. 17, 2012 press release).
The purpose of the drill program was to test the Trojan zone, a series of
northwest trending, steeply southwest-dipping to subvertical auriferous zones
associated with the Macamic deformation zone.
Historical drilling on the Trojan zone has revealed visible gold in core in
several drill holes and numerous anomalous to high grade gold assays in narrow
to metre-scale intervals over a northwest trending zone some 120 m wide and at
least 600 m long.
Current and historical drilling indicates gold mineralization occurs as free
gold or is associated with minor pyrite, typically less than 5%, in zones of
quartz, quartz-tourmaline, calcite, and ankerite veinlets in altered
carbonate-sericite-chlorite schists, in intermediate volcanic rocks, and in
aplite dykes. Locally, altered units are fuchsite-rich.
Drill holes LKTR-001 to LKTR-007 tested a 250 m strike length of the Trojan
zone. In the current drill program, contrary to historical drilling, the core
was sampled along the entire length of each hole. Drill results indicate
significant high grade gold intersections within much wider anomalous to lower
grade zones. Best high grade results are from drill holes LKTR-004 and LKTR-005:
LKTR-005 - 29.00 g/t Au over 1.5 m; 10.31 g/t Au over 3.0 m, includes 17.90
g/t Au over 1.5 m
LKTR-004 - 7.08 g/t Au over 1.5 m; 4.82 g/t Au over 1.6 m
Anomalous to lower grade intersections have composite average values greater
than 0.10 g/t Au (100 ppb) to greater than 1.00 g/t Au over drill intervals from
several metres to tens of metres wide. Anomalous intersection highlights
include:
LKTR-004 - 1.65 g/t Au over 18.0 m
LKTR-005 - 1.23 g/t Au over 64.5 m
LKTR-003 - 0.29 g/t Au over 11.2 m
LKTR-006 - 0.25 g/t Au over 25.5 m
Initial interpretation of the current drill results in combination with
historical drill results indicates at least three separate, subparallel, higher
grade zones: that is, the zone in hole LKTR-004 and the two zones in hole
LKTR-005. These zones are along strike and correlate well with peak values from
nearby historical drill results.
Interpretation of current and historical drilling, geophysical IP and magnetic
surveys, as well as current and historical humus sampling, suggests the
following potential for the Trojan block:
-- the auriferous zones of the Trojan zone can be traced for at least 600 m
and may extend an additional 1500 m to the southeast
-- additional clusters of known auriferous zones are located 300 m and 500
m northeast of the Trojan zone
-- multiple subparallel, northwest trending, IP anomalies, several with
coincident soil gold anomalies, cross the property and remain to be
adequately tested by drilling
Quality Assurance/Quality Control
Core samples were delivered for analysis to ALS Minerals in Val d'Or, Quebec.
Samples were assayed for gold using 50 g fire assay and AAS finish, procedure
Au-AA24. Samples with values greater than 10 g/t Au were assayed with
gravimetric method Au-GRA22. Commercially prepared standards and blanks were
included in all batches sent to the laboratory. ALS Minerals is an
internationally recognized laboratory. The Val d'Or, Quebec analytical facility
is individually certified to standards within ISO 9001 and has received
accreditation to ISO/IEC 17025 for Fire Assay Au by Atomic Absorption (AA).
The technical information in this news release was prepared by Mario Justino,
P.Geo., President and CEO of Lakeside Minerals Inc., a "qualified person" as
defined in National Instrument 43-101.
About Lakeside Minerals Inc.
Lakeside Minerals Inc. is engaged in acquiring, exploring, and developing
mineral properties in Quebec. Presently, the company holds a portfolio of
properties located in the Rouyn-Noranda area of northwestern Quebec. These
properties display significant historical gold drill results and have excellent
potential for discovery.
In September 2012, Lakeside consolidated a large land package, the Launay
property, which comprises two hundred and twelve (212) mineral claims covering
95.8 sq km. The Launay property straddles nearly 22 km of the Macamic
deformation zone: a major deformation zone in the Abitibi subprovince located
north of the Porcupine-Destor deformation zone.
The Launay property claim blocks cover several known gold occurrences associated
with the Macamic deformation zone: these gold showings form a trend over 17 km
long and several showings display significant historical gold drill
intersections. In addition, past geochemical sampling has revealed soil gold
anomalies several kilometres in size. These soil anomalies have never been drill
tested.
The Launay property land package allows the Company to focus on an extensive
trend of known gold occurrences and gold soil anomalies associated with a major
deformation zone in the heart of the Abitibi subprovince. Large portions of the
Macamic deformation zone, subsidiary faults, and splays remain to be fully
explored.
FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news
release may contain "forward-looking information". Forward-looking information
and statements may include, among others, statements regarding the future plans,
costs, objectives or performance of Lakeside Minerals Inc. (the "Company"), or
the assumptions underlying any of the foregoing. In this news release, words
such as "may", "would", "could", "will", "likely", "believe", "expect",
"anticipate", "intend", "plan", "estimate" and similar words and the negative
form thereof are used to identify forward-looking statements. Forward-looking
statements should not be read as guarantees of future performance or results,
and will not necessarily be accurate indications of whether, or the times at or
by which, such future performance will be achieved. Forward-looking statements
and information are based on information available at the time and/or
management's good-faith belief with respect to future events and are subject to
known or unknown risks, uncertainties, assumptions and other unpredictable
factors, many of which are beyond the Company's control. The Company does not
intend, nor does the Company undertake any obligation, to update or revise any
forward-looking information or statements contained in this news release to
reflect subsequent information, events or circumstances or otherwise, except if
required by applicable laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Lakeside Minerals Inc.
Mario Justino
President and CEO
info@lakesideminerals.com
www.lakesideminerals.com
Lakeside Minerals Inc. (TSXV:LAK)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Lakeside Minerals Inc. (TSXV:LAK)
Historical Stock Chart
Von Jun 2023 bis Jun 2024
