Business
Metalex-WSR-Arctic Star 5.01 progress report
TSX Venture Exchange Symbol: WSR Shares Outstanding: 112,835,708
About this update from Metalex Ventures Ltd.
[{"type":"text","content":"\n\n\n\nTSX Venture Exchange\nSymbol: WSR\nShares Outstanding: 112,835,708\n\n\nTORONTO, Nov. 14 /CNW/ - WSR Gold Inc. (WSR : TSXV) ("WSR"), Metalex\nVentures Ltd. (TSX-V : MTX) ("Metalex"), and Arctic Star Resources Inc.'s\n(TSXV : ADD) ("Arctic Star") Joint Venture Project along the Ring of Fire in\nthe James Bay Lowlands, is pleased to update exploration progress on anomaly\n5.01, located 45 km north of Noront's Eagle One Project.\n\n\nThe second phase of drilling at the 5.01 project is now complete and\ncomprised 17 holes (DDH501-26 through DDH501-41 and DDH501-43) totaling\n5,095.5m. To date drilling on the 5.01 project totals 10,785.9 meters.\n\n\nA summary for the Phase 2 drilling program is presented in the table\nbelow.\n\n\n-------------------------------------------------------------------------\nHole No. Local E Local N UTM e UTM n Azimuth Dip Length\n-------------------------------------------------------------------------\nDDH501-26 L1+80E 0+50N 522396 5901526 270 -49 198.0\nDDH501-27 L1+80E 0+50N 522396 5901526 270 -77 163.5\nDDH501-28 L1+37E 0+25N 522348 5901500 270 -45 108.0\nDDH501-29 L2+35E 0+00 522433 5901475 270 -65 201.0\nDDH501-30 L1+87E 0+50S 522399 5901425 270 -47 279.0\nDDH501-31 L1+87E 0+50S 522399 5901425 270 -69 306.0\nDDH501-32 L1+87E 0+50S 522399 5901425 270 -84 267.0\nDDH501-33 L2+50E 0+75S 522460 5901400 270 -45 291.0\nDDH501-34 L2+50E 0+75S 522460 5901400 270 -61 324.0\nDDH501-35 L2+50E 0+75S 522460 5901400 270 -72 303.0\nDDH501-36 L2+40E 1+25S 522456 5901344 270 -45 219.0\nDDH501-37 L2+40E 1+25S 522456 5901344 270 -62 297.0\nDDH501-38 L2+40E 1+25S 522456 5901344 270 -78 393.0\nDDH501-39 L2+90E 1+75S 522510 5901300 270 -45 414.0\nDDH501-40 L2+90E 1+75S 522510 5901300 270 -55 300.0\nDDH501-41 L2+90E 1+75S 522510 5901300 270 -65 441.0\nDDH501-43 L4+80E 0+25N 522690 5901500 270 -50 591.0\n-------------------------------------------------------------------------\n\n\nComplete assay results have not yet been received since the news release\ndated September 10, 2008. 21 batches totaling 719 samples have been sent to\nActlabs from the Phase 2 drilling program.\n\n\nThe massive sulfide occurrence is still open up and down dip in areas, as\ndrill holes failed to close off the upper or lower plunge of the deposit. The\nstrike length has been extended to almost 200m, with a ve...