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Canadian Orebodies Continues to Extend Gold Mineralization in the Wire Lake Gold System
TORONTO, Sept. 12, 2019 (GLOBE NEWSWIRE) -- Canadian Orebodies Inc. (the “Company”) (TSXV:CORE) is pleased to provide an update on the summer exploration progra
About this update from Rocky Shore Gold Limited
[{"type":"text","content":" TORONTO, Sept. 12, 2019 (GLOBE NEWSWIRE) -- Canadian Orebodies Inc. (the “Company”) (TSXV:CORE) is pleased to provide an update on the summer exploration program at the Company’s 240 km2 Pic Project located near Marathon, Ontario. Field crews will be mobilized on September 17, 2019 back to the Wire Lake camp to complete the second phase of the field exploration program in the Wire Lake Gold System. Additionally, the re-logging program of historic core in Timmins has now been completed and successfully extended the footprints of the gold zones of the Wire Lake Gold System. The main objective of the on-going exploration program in the Wire Lake Gold System is to define the geological controls on high-grade gold mineralization in preparation for diamond drilling. The Company’s work to date is suggesting that the Wire Lake Gold System has potential to host a large tonnage gold deposit. Highlights from the on-going exploration program in the Wire Lake Gold System: Higher-grade gold zones are associated with porphyry dykes that were not previously recognized; The mineralized zones of the Wire Lake Gold System have been extended laterally and at depth with the sampling of historic core; 127 historic core samples of variable length and distributed in 21 historic holes contain gold over 0.1 g/t (see below and news release dated July 31, 2019); and The field program identified the relationship between deformation, magmatism and gold mineralization in the Wire Lake Gold System. “A thorough review of historic drill core, assaying of previously untested drill core, and the ongoing construction of a 3D model underpins a new understanding of the Wire Lake Gold System. The work we have been doing this season will lay the foundation for an improved geological model that we believe will aid us in effectively and efficiently targeting higher grade mineralization in the 3+ kilometre strike length of the Wire Lake Gold System,” stated Fraser Laschinger, Interim CEO of Canadian Orebodies. Table 1 – Intersections with Au >= 0.1 g/t discovered in the Wire Lake Gold System historic core that had not been previously sampled Hole ID From (m) To (m) Length (m) Sample Number Year Sampled Gold (g/t) M-88-19 32.06 34.12 2.06 774437 2019 0.22 M-89-05 50.60 52.43 1.83 774124 2019 0.37 72.50 74.50 2.00 774131 2019 0.13 M-89-07 153.47 154.42 0.95 774359...