TORONTO, July 17 /CNW/ - COGITORE Resources Inc. (the "Company") (WOO:
TSX-V) is pleased to report the discovery of massive sulphides at the
Company's 100% owned Scott Lake Project in Quebec. Hole SC-04, drilled to test
a deep "Off-Hole" Borehole EM anomaly originally identified by a previous
operator (see Press release of May 31, 2006), has intersected 2.34 metres of
volcanogenic massive sulphides (VMS) along the same horizon that hosts the
Selco deposit located about one kilometre further to the east.
Assay results from the massive sulphides are tabulated below:
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Hole From To Length Cu Zn Au Ag
(m) (m) (m) % % g/t g/t
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SC-04 865.40 866.76 1.36 0.24 4.16 0.11 15.10
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SC-04 866.76 867.74 0.98 0.79 2.72 0.05 9.50
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Aver. 865.40 867.74 2.34 0.47 3.56 0.08 12.75
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>>
The sulphides were intersected at a vertical depth of 740 metres and are
partly detached from their felsic host rocks by mafic dykes. Thick envelopes
of stringer and disseminated sulphides occur in felsic rocks above the massive
sulphides and have yet to be sampled and assayed. A borehole PEM survey was
done in the hole and results indicate that the sulphides intersected are at
the edge of a larger conductor which is centered to the east and above the
SC-04 intersection. The two closest holes testing the horizon in the direction
of the conductor are located 800 metres directly to the east, and 600 metres
to the east and above SC-04 respectively.
The large distance separating these holes, combined with the results of
borehole geophysics, indicates that there is ample room for the new lens to
contain significant additional sulphides. The fact that the sulphides are
strongly anomalous in base metals while still at the edge of a larger
conductive mass, suggests that SC-04 may have hit the edge of a potentially
significant new VMS deposit. Such deposits are strongly zoned with respect to
their metal contents, typically with zinc in the periphery and copper towards
the center of any given lens. Also, grades and thicknesses tend to be greater
as the center of a lens is approached. Follow-up drilling is therefore
necessary to establish the size and grades of this lens. One drill rig is
currently following up the SC-04 intersection.
Company President GDerald Riverin, Ph.D., P. Geo. stated "We are very
excited about this new discovery at Scott Lake, which clearly illustrates that
additional massive sulphide lenses may indeed be located on the property. We
are looking forward to further testing this new lens and also to continue
developing other targets as well." More details on the Scott Lake project and
other Cogitore projects are available at the Company's web site at
www.cogitore.com.
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 is
sent to ALS Chemex in Val d'Or, Quebec, for analysis with appropriate
standards, duplicates and replicates used for control purposes. 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.
On Behalf of the Board of Directors
GDerald Riverin
President
Telephone: 819-764-6666
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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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%SEDAR: 00020132E
