Business
Stellar Pacific Venture to add Twin Mining's Abitibi Option to its Quebec Properties Portfolio
Stellar Pacific Venture to add Twin Mining's Abitibi Option to its Quebec Properties Portfolio.
About this update from Stellar Africagold, Inc.
[{"type":"text","content":"\n\n\n\n\nLAVAL, July 25 /CNW Telbec/ - Stellar Pacific Ventures Inc. (SPX) is\npleased to report that it has concluded an agreement with Twin Mining Corp\n(TWG) in which the company has the option to acquire interest in Twin's\nAbitibi Gold Properties.\nThe option covers the prospective Normar property together with 63 north-\nboundary claims as well as the Malartic \"H\", Malartic \"H\" Annex and Mouskor\nproperties which adds up to total prospective land packages of 2,701 hectares.\nOn the Normar property, where Twin Mining discovered two new mineralized\nareas of which at least one has potential of gold, the depth and strike\nextension potential will be tested. This zone has an indicated width of\napproximately 100 meters, a strike length of more than 500 meters and an\napparent steep northerly dip (see Twin Mining press release January 8, 2004)\nA drilling campaign on the Normar, property optioned from Breakwater\nResources Ltd. (see press release of September 11, 2003) succeeded in\ndetecting two new mineralized areas at least one of which has potential of\nconcentration of gold. Three profiles holes drilled into a package of\nintrusive highly altered tonalite intersected gold values which showed a more\nthan eightfold increase in the lower 40 meters from hole TMN-03-07 to hole \nTNM-03-08 approximately 130 meters vertically below. Hole TMN-03-31, collared\n400 meters to the west, encountered 148.7 meters of tonalite and produced a\n1.5 meters intersection of 5.67 g/t Au. Hole TMN-03-19 on east zone, returned\nan uncut assay of 44.7 g/t Au from a 0.6 meter interval within a 12.5\nintersection containing numerous blue to smokey quartz injection veinlet and\nveins, sericitic alteration and silicification, arsenopyrite, pyrhotite and\npyrite.\nAll technical information on properties has been obtained from Twin\nMining Corp and were prepared by Mr. Dallas W. Davis, P. Eng. Of Dalmin\nCorporation, Mr. Davis is Twin Mining's qualified Person for the design,\nexecution and interpretation of the Abitibi gold properties.\nThe company has completed in 2004 a public financing of $898,000 for the\npurpose of exploration expenditures in QuDebec Province and in 2005 intends to\nconduct a program of drill testing of the above newly discovered zone which is\nin the northern part of the Normar property within or along the margin of the\nCa...