MetalCorp and Cava Resources Announce Results of Recent Drilling at Gouda Lake Zone on Hemlo East Property

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[{"type":"text","content":"\nMetalCorp and Cava Resources Announce Results of Recent Drilling at Gouda Lake Zone on Hemlo East Property\n\n(via Thenewswire.ca)\n\n \nTHUNDER BAY, ONTARIO, CANADA (February 27, 2013) - MetalCorp Limited (\"MetalCorp\") (TSX-V:MTC) and Cava Resources Ltd. (\"Cava\") (TSX-V:CVA) are pleased to announce that they have received all of the assay results from the recently completed diamond drill program on the Gouda Lake Zone in Metalcorp's Hemlo East Property, located approximately 12 kilometres southeast of the Hemlo Gold Mines near Marathon, Ontario.\n\n \n \nIn late 2012, Metalcorp drilled 5 holes (HEGZ-12-30 to 34) totalling 1056 metres to test a portion of the Gouda Lake Zone which was discovered by Lac Minerals in 1988. The Gouda Lake Zone is hosted within a 20-metre thick quartz-sericite schist unit containing disseminated to semi massive sulphides (pyrite+/-sphalerite with minor amounts of chalcopyrite and galena). The zone has been traced by historic diamond drilling for over 350 metres along strike.\n\n \n \nIn 1996, a previous operator estimated a resource of 168,000 tonnes @ 3.5 gpt gold plus silver and zinc credits for the Gouda Lake Zone (This historical estimate pre-dated NI 43-101 and, accordingly, is not compliant with the requirements of NI-43-101. A 'qualified person' as defined in NI 43-101 has not done sufficient work to classify the historical work as current mineral resources or reserves. As a result, the historical estimate cannot be relied upon. Metalcorp and Cava are not treating the historical resource estimate as current mineral resources or mineral reserves.).\n\n \n \nThe Gouda Lake Zone is co-incident with an AeroTEM anomaly indentified in and an airborne geophysics survey flown by Aeroquest International Ltd. for Metalcorp in 2008. In addition to the conductor co-incident with the Gouda Lake Zone, the survey indentified 7 other priority untested electromagnetic anomalies along the Gouda Lake Trend including one area where surface channel samples returned values up to 0.74 gpt gold and 4.1% zinc..\n\n \n \nIn 2010, Metalcorp diamond drilled 29 holes totalling 3,650 metres on the Gouda Lake Zone. Assay results included 19.7 g/t gold and 155 g/t silver over 1.2 meters in hole HEGZ-10-16, 11.4 g/t and 253 g/t silver over 1.34 meters in HEGZ 10-20, and 11.15 g/t and 200 g/t silver over 1.5 meters in HE...

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