Business
Woodruff Capital Management Inc. Announces the Start of the Drilling Program on the Scott Lake Property
Woodruff Capital Management Inc. Announces the Start of the Drilling Program on the Scott Lake Property.
About this update from Copper Road Resources Inc
[{"type":"text","content":"\n\n\n\n\nTORONTO, June 1 /CNW/ - COGITORE Resources, a division of Woodruff\nCapital Management Inc. (the \"Company\") (WOO: TSX-V) is pleased to announce\nthe commencement of its 2006 exploration drilling program on the Scott Lake\nproperty (\"the \"Property\").\nA drill rig is currently in operation on the Property where the Company\nplans to drill about 3,600 metres. The drill program will be focused on the\ntop of a quartz porphyry rhyolite dome where widespread alteration and copper\nstringer sulphide zones have been reported by the previous operator Thundermin\nResources Inc. (\"Thundermin\"). In addition, a deep \"Off-Hole\" Borehole EM\nanomaly identified by Thundermin along the horizon hosting the Scott Lake\ndeposit will be further detailed with new technology PEM equipment and drill\ntested as well.\nCogitore President GDerald Riverin, Ph.D., P. Geo. stated \"We are very\nexcited to be finally drilling on the Scott Lake property. A helicopter-borne\nVTEM survey has been done over the Property, and over the last several months\ndetailed compilation of all previous work was also completed. The presence of\nthe Scott Lake deposit and the results of the compilation indicate that the\narea continues to host significant potential for new discovery.\"\nThe Scott Lake property is situated approximately 20 kilometres west of\nChibougamau, Quebec. It has seen considerable exploration activity in the mid\n70's and in the late 80's following the discovery by Selco of a VMS deposit\nestimated by Thundermin to contain drill indicated resources of 700,000 tonnes\ngrading 0.4% copper and 6.9% zinc to the 375 meter level. This historical\nmineral resource was not prepared in accordance with the requirements of\nNational Instrument 43-101 and, therefore should not be relied upon. The Selco\nmassive sulphide deposit covers a strike length of 160 meters, down to a\nvertical depth of 400 metres. The Scott Lake property is located on the north\nlimb of the Chibougamau Anticline where the Company wholly owns 18 kilometres\nof strike length of felsic rocks of the Waconichi Formation (the same that\nhost the past producing high grade Lemoine mine which is now part of the\nCompany's Lemoine project).\nThe Company has developed a strategic focus on base metal exploration in\nprospective areas that also feature infrastructure favourable for min...