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Canadian Orebodies Identifies Broad Area of Gold Mineralization in and Around Possible Property-Scale Fold Structure
TORONTO, Jan. 07, 2020 (GLOBE NEWSWIRE) -- Canadian Orebodies Inc. (the “Company”) (TSXV: CORE) is pleased to provide an update on the 2019 fall exploration pro
About this update from Rocky Shore Gold Limited
[{"type":"text","content":" TORONTO, Jan. 07, 2020 (GLOBE NEWSWIRE) -- Canadian Orebodies Inc. (the “Company”) (TSXV: CORE) is pleased to provide an update on the 2019 fall exploration program at the Company’s 240 km2 Pic Project located near Marathon, Ontario. The Company’s regional exploration crew was mobilized to the Porphyry Lake and Camp 27 areas to follow up on a number of anomalous grab samples collected in 2017 and 2018, which returned up to 7.8 g/t Au and 27.3 g/t Au respectively from each of the two areas. A rock sampling, soil sampling, and geological mapping program was carried out in the Porphyry Lake area, and the crew performed a rock, soil, and lake sediment sampling program during the same time period at the Camp 27 area. Additionally, the Beggs Lake and Contact Lake areas were revisited, with results discussed further below. The regional soil and grab sampling program uncovered a significant zone of gold enrichment in soil and bedrock in the Porphyry Lake area, located approximately 4 km northeast of the Wire Lake Gold System. The mineralization near Porphyry Lake appears to share some similarities with gold mineralization in the Wire Lake Gold System. Comparable to the Wire Lake Gold System, gold mineralization in the Porphyry Lake area is spatially associated with porphyry dykes emplaced in the volcanic sequence; Gold grades in grab samples in the Porphyry Lake area range between nil and 27.3 g/t. (the reader is cautioned that grab samples are selective by nature and may not be representative of mineralization present on the Pic property). A compilation map of the Pic Project is available at: https://canadianorebodies.com/site/assets/files/2011/picproject-compilation-2020.pdf Porphyry Lake Area In the Porphyry Lake area, grab samples up to 12.4 g/t Au and soil samples up to 104 ppb Au (humus) / 31 ppb Au (B horizon) were returned from the 2019 program, with widespread Au mineralization in rock and soil samples being returned over an east-west extent of approximately 450m, and over a north-south extent of approximately 400m, which include samples collected in 2017 and 2018. The majority of mineralized samples are located in a magnetic high west of Porphyry Lake, with some in a magnetic low corresponding to the east-southeast trending Fallen Lake Fault north of the lake. The magnetic high could be explained by an interpreted prope...