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Canadian Orebodies Discovers New Gold Zone at Hemlo North Limb Property
TORONTO, ONTARIO--(Marketwired - March 2, 2017) - Canadian Orebodies Inc. ("Orebodies" or the "Company") (TSX VENTURE:CORE) is pleased to announce results from
About this update from Rocky Shore Gold Limited
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - March 2, 2017) - Canadian Orebodies Inc. (\"Orebodies\" or the \"Company\") (TSX VENTURE:CORE) is pleased to announce results from the Company's fall prospecting programs and the discovery of a new gold zone on the North Limb property. Gordon McKinnon, President and CEO of Orebodies said, \"It is exciting that we were able discover a new gold zone in the short time we had for our fall prospecting program. This discovery enforces our belief that the North Limb is a highly prospective project in an underexplored extension of the Hemlo greenstone belt that has produced nearly 22 million ounces only 12km to the south.\" North Limb Property The North Limb Property is a large, contiguous land package totaling 428 claim units or 6,800 hectares, along the northern extension of the Hemlo greenstone belt, and is located northeast of the Williams Mine operated by Barrick Gold Corporation. Highlights from the 2016 prospecting program carried out by Canadian Orebodies on the North Limb Project included the discovery of a new gold occurrence (the \"Petrant Lake Occurrence\"). Limited sampling returned two strongly anomalous gold values of 1.74 gpt Au and 1.64 gpt Au located approximately 160 metres apart from each other (*). The samples are spatially associated with one of the priority airborne EM anomalies identified from the 2016 VTEM Max survey the Company flew over the North Limb Property and this area is one of the targets that is planned to be drill tested in the upcoming drill program. In late 2016 the Company completed an 823 line kilometre airborne VTEM Max geophysical survey over the North Limb Property. The survey data has generated several new high priority drill targets, including that associated with the Petrant Lake Occurrence. In total, 10 targets generated from the survey have been submitted to Geotech Ltd. for plate modeling. Once completed, Orebodies plans to test a number of these targets by diamond drilling. Within the North Limb Property is an area covering 78 claim units referred to as \"the Tongue\". This area has seen no exploration since the initial Hemlo gold rush in the 1980's and has no record of ever being drilled. The Company's interest in the Tongue lies in the belief that it is interpreted to be directly up-ice from the angular float of mafic volcanic material found to the sout...