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Canadian Orebodies Provides Pic Project Channel Sampling Results from Wire Lake Gold System
TORONTO, Dec. 30, 2019 (GLOBE NEWSWIRE) -- Canadian Orebodies Inc. (the “Company”) (TSXV:CORE) is pleased to announce channel sample results from the Wire Lake
About this update from Rocky Shore Gold Limited
[{"type":"text","content":" TORONTO, Dec. 30, 2019 (GLOBE NEWSWIRE) -- Canadian Orebodies Inc. (the “Company”) (TSXV:CORE) is pleased to announce channel sample results from the Wire Lake Gold System at the Company’s 240 km2 Pic Project located near Marathon, Ontario. The main objective of the 2019 exploration program on the Wire Lake Gold System (“WLGS”) was to define the geological controls on gold mineralization in the Wire Lake System in preparation for potential future diamond drilling. The Company’s work to date continues to suggest that the WLGS could host a large tonnage gold deposit. The 2019 sampling and mapping program suggests that additional zones of gold mineralization can be discovered in the large drilling gaps existing in the WLGS. Highlights from the exploration program on the Pic Property: Surface sampling and trench mapping confirmed that polyphase deformation and porphyry dyke intrusions are contemporaneous with the gold mineralization in the Wire Lake Gold System; Higher-grade gold zones are centered on metre to multi-metre wide early to syn-deformation porphyry dykes; and Variable deformation intensity in the Wire Lake Gold System results in varying geometry of the gold mineralization – from stockwork-like zones with multidirectional veins in the south to more strongly transposed veins to the north. “The overall goal of the program this year was to better define the geological controls of gold mineralization in the Wire Lake Gold System, and more specifically to find out what was controlling the higher grade zones within the system” said Fraser Laschinger, Interim CEO of Canadian Orebodies. “We believe the work done this year was successful in presenting us with valuable information to aid in targeting these zones, which we look forward to doing so by drilling in 2020.” The Company expects to release a further update on its 2019 regional exploration program on the Pic Project in January 2020. Wire Lake Gold System The Wire Lake Gold System extends over a strike length of >3 km and remains open along strike to the north and south. The Company’s exploration work in 2019, which included historic core relogging and sampling, as well as trench and surface mapping, revealed in the WLGS a relationship between tectonic deformation, porphyry dyke intrusions and gold mineralization. Fieldwork also indicated that the geometry of the zones o...