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Champlain Resources Inc. announces completion of NI 43-101 for the Gordon Lake Gold Project
Champlain Resources Inc. announces completion of NI 43-101 for the Gordon Lake Gold Project
About this update from Exgen Resources Inc.
[{"type":"text","content":"\nChamplain Resources Inc. announces completion of NI 43-101 for the Gordon Lake Gold Project\n\n\n Sep. 30, 2009 (Filing Services Canada) -- Champlain Resources Inc. (CPL.H - TSX Venture), (\"Champlain\" or the \"Corporation\"), listed on the TSX Venture NEX Exchange under the trading symbol \"CPL.H\", today announces that the NI 43-101 report effective September 22, 2009 for the Gordon Lake Gold Project (the \"Report\") has been completed by David White P. Geol, a principal of Aurora Geosciences of Yellowknife, NWT. Mr. White is a qualified person as defined by NI 43-101. As previously announced, Champlain entered into a Letter of Intent with Boxxer Gold Corp. contemplating the earning an interest by Champlain in the Gordon Lake Gold Project. The completion of a National Instrument 43-101 compliant report is a condition of the proposed transaction. The Report will be filed under the Corporation's profile on SEDAR in accordance with the requirements of National Instrument 43-101.The results are summarized below by Gary Vivian, President of Aurora Geosciences and a qualified person.The Gordon Lake Property lies 115 km NNE of the City of Yellowknife, NWT. It can be accessed via the Lupin Winter Road or by ski- and or float-equipped aircraft year round.The Gordon Lake Property is host to a minimum of seven (7) auriferous quartz veins which have been documented to extend over a 2 km strike length. These veins are considered to be Coarse Gold-bearing Veins with highly variable gold concentrations both laterally and vertically. These veins occur as stockworkings that pinch and swell producing dilatant zones of quartz stockwork which can occur up to 40 m thick. These coarse gold veins are hosted within metasedimentary turbidites of the Burwash Formation (Yellowknife Supergroup metasediments) and occur within discordant to bedding quartz veins which occupy zones of dilatancy, commonly associated with drag folds.Historical drilling on the property has identified three discrete zones, the Main, South and Union. The South Zone contains the most prolific intersections to date but all three zones have encouraging intersections. For example, the drilling in 1988 on the South Zone pierced three ore lenses ranging in grade from 14.1 g/t to 145 g/t Au over widths are ranging from 0.9 meters to 4.2 meters. The occurrence of the gold is prevailin...