Business
Corey Project, Eskay Creek Area, North-western BC: Results of the final 21 drillholes and high grade grab samples are released
Corey Project, Eskay Creek Area, North-western BC: Results of the final 21 drillholes and high grade grab samples are released.
About this update from Eskay Mining Corp
[{"type":"text","content":"\n\n\n\nSymbol: KRE: TSX-V\n\n\n\"FRANKFURT - BERLIN - 878 985\"\n\n\nVANCOUVER, Jan. 24 /CNW/ - KENRICH-ESKAY MINING CORPORATION (the\n\"Company\") has now received geochemical and assay results from an additional\n21 diamond drill holes and from prospecting samples from its 2006 exploration\nprogram on the Corey Project, near Stewart, BC.\n\n\nThe 2006 Corey exploration program focused on exploring a large\nvolcanic-sedimentary rift basin of the same age and setting as the Eskay Creek\nmine that is an exceptionally gold- and silver-rich massive sulphide deposit,\nlocated 10 km north of the Corey. This drilling program focused on testing the\nC10 Zone hydrothermal system and numerous geophysical anomalies revealed by\nthe 2006 AeroTEM II airborne survey. Previous news releases have reported on\nresults from drillholes CR06-29 to CR06-61.\n\n\nC 10 Zone drilling: New results further confirm Eskay-type feeder system\n\n\nThree additional drillholes, CR06-62 to CR06-64, totaling 1361.5 metres\ncontinued to test the exciting hydrothermal alteration system at the C10 Zone\nin an effort to test its dimensions and grade and to vector towards potential\nmassive sulphide hosting horizons at higher levels in the stratigraphy. Hole\n62 was drilled as a 'deep test' under holes 33 and 34 (previously reported).\nThis hole intersected a 40 metre wide altered zone and a 5 metre wide mudstone\ninterval, which represent the targeted \"Eskay-style\" host rocks. In the 2007\nprogram, the search for these types of units will likely shift to the upper\nand east flanks of Mount Madge.\n\n\nHole CR06-63 was designed to test the possible downdip extension of the\n\"VMS-like\" fragmental units intersected in holes 33 and 34. Typical C10 Zone\nalteration was intersected along with enriched zones of copper, zinc and gold.\nFor example, a 4.0 metre interval from 303.4 to 307.4 metres depth returned\n1439.6 ppm Cu, 71 ppm Zn and 258.8 ppb Au while another 2.0 metre wide\ninterval from 321.4 to 323.4 metres depth returned 141.6 ppm Cu, 3993.5 ppm Zn\nand 2203.8 ppb Au (equivalent to 2.2 g/t Au).\n\n\nHole CR06-64 was drilled from a high elevation on the eastern flank of\nMount Madge and was designed to start 'upsection' in potentially younger rocks\nabove the C10 altered feeder zone and to drill down into, and possibly through\nthe alteration zone. Due to de...