Business
Cogitore Resources Inc. initiates 2008 diamond drilling program on the Selbaie West Property
TORONTO, Feb. 7 /CNW/ - COGITORE Resources Inc. (the "Company") (WOO: TSX-V) is pleased to announ...
About this update from Copper Road Resources Inc
[{"type":"text","content":"\n\n\n\nTORONTO, Feb. 7 /CNW/ - COGITORE Resources Inc. (the "Company") (WOO:\nTSX-V) is pleased to announce that drilling at the Selbaie West Property in\nnorthwestern Quebec started on January 13 with one drill rig and that a second\nrig mobilized to the project today. The Selbaie West property, which is\nsubject to the 50% earn-in agreement with Inmet Mining, is located\n8 kilometres west of BHP Billiton's past producing Selbaie mine and covers\n12 kilometres of strike length. The Company plans to drill a minimum of\n3,500 metres to test several geophysical and geological targets located in the\nvolcanic rock stratigraphic package that hosted the Selbaie mine.\n\n\nAccording to public files of the Quebec government, over 53 Million\ntonnes were mined at Selbaie (both from underground and open pit) over a\n23 year mine life (1981-2004), which places this mine in the upper 5% of\nvolcanic massive sulphide deposits (VMS) in terms of ore tonnage. Total metal\nproduction over that period amounted to 510,936 tonnes of copper;\n1,011,227 tonnes of zinc; 992,477 ounces of gold and 69.7 million ounces of\nsilver.\n\n\nThree holes have been completed at Selbaie West to date. The first hole\nof the program, SW-01, intersected a 2 metre-thick horizon of massive pyrite\nhosted by altered felsic fragmental rocks, which are correlated with those\nhosting the past producing Selbaie mine. Although no significant base metals\nare present in the newly discovered sulphide horizon, hole SW-01 is considered\nvery encouraging since it has shown that a massive sulphide system is present\nat Selbaie West, and that the property also encloses altered rock units\nsimilar to those hosting the Selbaie mine. Follow-up work will be planned\nafter completion of borehole geophysics.\n\n\nWork is carried out by the personnel of Cogitore Resources Inc., under\nthe supervision of Gerald Riverin, PhD, P.Geo. He is a qualified person (as\ndefined by National Instrument 43-101) and has more than 30 years of\nexperience in VMS exploration.\n\n\nThe Company has developed a strategic focus on base metal exploration in\nprospective areas that also feature infrastructure favourable for mining\ndevelopment. Accordingly, it will focus its work in the Abitibi Belt of Quebec\nand Ontario, and in the Central Belt of Newfoundland.\n\n\nThe TSX Venture Exchange has n...