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Canadian Orebodies Makes Significant New High Grade Gold Discovery in the Prolific Hemlo Mining Camp
TORONTO, March 01, 2018 (GLOBE NEWSWIRE) -- Canadian Orebodies Inc. (the “Company”) (TSX Venture:CORE) is pleased to announce results from the Company’s fall 20
About this update from Rocky Shore Gold Limited
[{"type":"text","content":" TORONTO, March 01, 2018 (GLOBE NEWSWIRE) -- Canadian Orebodies Inc. (the “Company”) (TSX Venture:CORE) is pleased to announce results from the Company’s fall 2017 Black Raven prospecting program and the discovery of multiple high grade gold bearing vein structures that represent a significant new discovery in the Hemlo camp. Initial prospecting and sampling carried out on the Black Raven Project uncovered new gold bearing veins either in outcrop or sub-cropping that are spatially associated with a N110E trending structural corridor bounded by two regional shear zones: the Beggs Lake and Fallen Lake Faults (see attached figures). “After two months of systematic prospecting and grab sampling throughout the Black Raven Property, our crew was successful in identifying a brand new two-kilometre long zone of alteration that yielded gold values up to 109.0 gpt (ABC Occurrence) in grab samples. Late in the season, we took an eight-kilometre step-out along strike to the southeast and incredibly, similar quartz veining in outcrop was located in mafic rocks which returned gold grades up to 11.9 gpt,” said Gordon McKinnon, President and Chief Executive Officer of Canadian Orebodies. “This is a significant new development in our Hemlo exploration efforts and represents a virgin high grade discovery, only 25 kilometres from Barrick’s headframe. With the recent acquisition of the Goodchild Lake property, Orebodies now controls the vast majority of the potential strike of this new and exciting high grade gold structure.” Highlights from the 2017 exploration program on the Black Raven Property include: ABC Occurrence Discovery of high grade quartz sub-cropping float over a 50 square metre area near Roccian Lake containing 2-3% pyrite, +/- galena and locally fine specks of visible gold which assayed up to 109.0 gpt Au. Host rocks were highly silicified tonalite, of the Beggs Lake Stock, that typically displayed weak to moderate quartz-carbonate alteration. Gold Shore A series of flat lying, en-echelon quartz veins also hosted by the Beggs Lake Stock, located 300 metres southwest of the above high grade samples. Assays returned results of up to 11.6 gpt Au. This occurrence consists of narrow, stacked ~30 degree dipping quartz veins containing 1-4% pyrite within hematized tonalite of the Beggs Lake Stock. To date the vein system has been tra...