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Canadian Orebodies Commences Follow Up Drilling of High-Grade Gold Bearing Veins at Smoke Lake
TORONTO, Feb. 22, 2019 (GLOBE NEWSWIRE) -- Canadian Orebodies Inc. (the “Company”) (TSXV:CORE) is pleased to announce that it has commenced a drill program to e
About this update from Rocky Shore Gold Limited
[{"type":"text","content":" TORONTO, Feb. 22, 2019 (GLOBE NEWSWIRE) -- Canadian Orebodies Inc. (the “Company”) (TSXV:CORE) is pleased to announce that it has commenced a drill program to explore the extension and potential additional high-grade gold-bearing veins in the Smoke Lake Gold System (“SLGS”) on the Black Raven property. This drill campaign is expected to total approximately 1,000 metres, with a majority of the holes to be drilled off ice pads located on Smoke Lake. The ice pads, which the Company has been building for the last month, will provide optimal locations for drilling various azimuths to define and follow up on the results received from the fall 2018 round of drilling which intercepted 133.2 g/t Au over 2.0 metres, which included 443.0 g/t Au over 0.6 metres (see press release dated December 11, 2018). “We believe we have potential for a significant mineralized gold system in the Smoke Lake area composed of multiple high-grade gold-bearing structures,” said Gordon McKinnon, President and CEO of Canadian Orebodies. “We are taking advantage of this unseasonably cold winter to optimize certain drilling angles using ice pads, which will significantly expedite our understanding of the SLGS, and hopefully expand the known high-grade gold zones and allow us to discover new ones.” Smoke Lake Gold System From the integration of the historic and the 2018 drilling results, the SLGS is interpreted as an interconnected network of mineralized structures in which gold mineralization is associated with mm-wide to cm-wide quartz stringers and veins with haloes of disseminated sulfides. Additional drilling is however necessary to confirm the interpreted geometry of the SLGS. Narrow higher-grade lenses enveloped in broad lower grade mineralized structures compose the SLGS. The SLGS has been so far been intersected by drilling over a strike length of >400 metres and to a vertical depth of >130 metres. The vein system remains open in both directions along strike and to depth. Surface mapping of gold mineralization in the area also suggests that additional mineralized structures are likely present in the hanging wall and footwall of the of the SLGS. The SLGS was targeted based on the previous work of Freewest Resources Canada Ltd. in 2003 and diamond drilling by Entourage Metals Ltd. in 2011-12. Both exploration programs encount...