TORONTO, Aug. 17 /CNW/ - COGITORE Resources Inc. (the "Company")
(WOO: TSX-V) is pleased to report the discovery of copper-bearing stringer
sulphides at the Company's 100% owned Scott Lake Project in Quebec. The
discovery was made while deepening hole SL-93-105, which was originally
drilled in 1993 to a depth of 852 metres. Stringer sulphides, including
chalcopyrite and sphalerite, were intersected in varying amounts from 982m to
1076m, i.e. over a core length of 94 metres. Very encouraging copper values
were obtained in these stringers, such as 2.54% Cu over 6.83 metres and 9.67%
Cu & 42.42 g/t Ag over 1.50 metres.
Company President GDerald Riverin, Ph.D., P. Geo. stated "We are very
pleased with the copper content, the high copper to zinc ratios, the high
silver content and the thickness of the interval of this new stringer zone.
The potential intersection point between the stringers and the nearby new
massive sulphide horizon discovered in SC-04 and SC-05 makes a prime
exploration target which we will aggressively pursue in forthcoming weeks."
Assays are still incomplete due to the exceptional work load at
Cogitore's primary assay laboratory, which is located out-of-province.
Samples from four visually better-mineralized sections were rushed to a second
laboratory and the highlights of the assay results are tabulated below as
weighted averages:
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WEIGHTED AVERAGES - DDH SL-93-105A
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FROM TO LENGTH CU ZN AU AG
(M) (M) (M) % % g/t g/t
less than
988.50 1000.80 12.30 0.54 0.73 0.06 6.12
1002.00 1017.00 15.00 Assays pending
1017.82 1030.50 12.68 1.56 0.29 N/A 12.95
Including
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1018.88 1025.71 6.83 2.54 0.51 N/A 18.94
1032.00 1045.50 13.50 Assays pending
1045.50 1053.70 8.20 2.14 0.57 N/A 14.82
including
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1051.50 1053.00 1.50 9.67 1.37 0.32 42.42
1053.70 1059.00 5.30 Assays pending
less than
1059.00 1066.50 7.50 0.40 2.06 0.06 7.00
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Detailed assays are presented in Table 1 and the piercing points of drill
holes testing the interpreted sulphide horizon are shown in the attached
longitudinal section.(http://files.newswire.ca/512/ScottLakeLongSection.jpg)
The decision to deepen SL-93-105 was based on review of old borehole Pulse
Electromagnetic Survey (PEM) data obtained by a previous operator, as the
Company interpreted the presence of a conductor beyond the hole bottom.
SL-93-105, which had been stopped in intrusive rocks, was deepened from 852m
to 1089m and went through 66 metres of intrusive rock before re-entering
altered felsic volcanics at 918m. The sulphide stringers intersected in hole
SL-93-105A are hosted in altered felsic volcanics which may be correlated with
those found just above the massive sulphides in recent hole SC-05 (see Press
Release of August 11, 2006).
A borehole (PEM) was done in the deepened SL-93-105A hole. Results
suggest that the sulphides intersected are part of a large conductor and that
a "build-up In-Hole" still persists at the end of the hole. This has been
interpreted as a response from more conductive material located beyond the end
(1089m) of the current hole. Further deepening of the hole is planned for the
near future.
The nature and style of the mineralization intersected in hole SL-93-105A
is typical of proximal facies of feeder zones to volcanogenic massive sulphide
deposits. Given the large spacing between the stringer zone and the new
massive sulphide lens, this stringer zone may be related to the massive
sulphides intersected in holes SC-04 and SC-05 (which are located respectively
370 metres and 530 metres away), but may also be related to a separate nearby
lens.
Work is carried out by the personnel of Cogitore Resources Inc., under
the supervision of GDerald Riverin, PhD, P.Geo. He is a qualified person (as
defined by National Instrument 43-101) and has more than 29 years of
experience in exploration.
Core is logged and sections sent for analysis are sawn in half at the
Company's secure facilities in Chibougamau, Quebec. Half the core sampled was
sent to Techni-Lab S.G.B. Abitibi inc. in Ste-Germaine BoulDe, Quebec, for
analysis with appropriate standards, duplicates and replicates used for
control purposes. The same pulps were also sent for analysis to ALS Chemex in
Val d'Or, along with remaining samples from the hole, and results are pending.
The other half of the core is retained for future reference.
The Company has developed a strategic focus on base metal exploration in
prospective areas that also feature infrastructure favourable for mining
development. Accordingly, it will focus its work in the Abitibi Belt of Quebec
and Ontario, and in the Central Belt of Newfoundland.
More details on the Scott Lake project and other Cogitore projects are
available at the Company's web site at www.cogitore.com.
On Behalf of the Board of Directors
GDerald Riverin
President
Telephone: 819-764-6666
Mark Goodman
CEO
Telephone: 416-924-9893
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The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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TABLE 1
DETAILED ASSAY RESULTS
Hole SL-93-105A
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SAMPLE FROM TO LENGTH CU ZN AU AG
(M) (M) (M) % % g/t g/t
150816 988.50 990.00 1.50 0.34 0.02 less than 0.06 4.00
150817 990.00 991.50 1.50 0.47 0.03 less than 0.06 4.90
150818 991.50 993.00 1.50 0.90 0.08 less than 0.06 6.90
150819 993.00 994.50 1.50 0.72 1.76 less than 0.06 7.80
150820 994.50 996.00 1.50 0.28 1.05 less than 0.06 5.40
150821 996.00 997.50 1.50 0.48 0.28 less than 0.06 8.50
150822 997.50 999.00 1.50 0.27 0.38 less than 0.06 5.10
150823 999.00 1000.80 1.80 0.78 1.98 less than 0.06 6.30
150824 1000.80 1002.00 1.20 0.05 0.14 less than 0.06 1.70
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1002.00 1017.00 Assays pending
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150828 1017.00 1017.82 0.82 0.01 0.04 less than 0.06 3.00
150829 1017.82 1018.12 0.30 0.51 0.04 0.18 13.60
150830 1018.12 1018.88 0.76 0.04 0.02 0.08 4.20
150831 1018.88 1020.00 1.12 1.31 0.02 0.17 13.20
150832 1020.00 1021.50 1.50 4.28 1.83 0.12 21.50
150833 1021.50 1023.00 1.50 3.79 0.30 0.07 27.90
150834 1023.00 1023.96 0.96 2.80 0.26 0.21 25.10
150835 1023.96 1024.64 1.68 0.17 0.02 less than 0.06 2.70
150836 1024.64 1025.71 1.07 0.91 0.02 less than 0.06 13.60
150837 1027.71 1027.50 1.79 0.46 0.02 less than 0.06 4.90
150838 1027.50 1029.00 1.50 0.44 0.02 less than 0.06 4.80
150839 1029.00 1030.50 1.50 0.53 0.04 less than 0.06 7.70
150840 1030.50 1032.00 1.50 0.23 0.03 0.09 3.70
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1032.00 1045.50 Assays pending
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150848 1045.50 1047.00 1.50 0.47 0.05 0.07 10.10
150849 1047.00 1048.50 1.50 0.38 0.13 0.07 7.70
150850 1048.50 1051.20 2.70 0.46 0.38 0.12 8.80
150851 1051.20 1051.50 0.30 0.52 3.78 0.13 9.80
150852 1051.50 1052.07 0.57 2.45 0.40 0.11 16.50
150853 1052.07 1053.00 0.93 14.10 1.96 0.45 58.30
150854 1053.00 1053.70 0.70 0.47 0.23 less than 0.06 6.40
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1053.70 1059.00 Assays pending
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150856 1059.00 1060.50 1.50 0.59 0.33 less than 0.06 8.60
150857 1060.50 1062.00 1.50 0.28 1.99 less than 0.06 4.60
150858 1062.00 1063.50 1.50 0.22 3.23 less than 0.06 7.20
150859 1063.50 1065.00 1.50 0.49 2.43 less than 0.06 7.30
150860 1065.00 1066.50 1.50 0.43 2.30 less than 0.06 7.30
150861 1066.50 1067.42 0.92 0.06 0.43 less than 0.06 6.40
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%SEDAR: 00020132E
