VANCOUVER, Oct. 10 /CNW/ - Pacific Cascade Minerals Inc. announces the results from the first three drill holes completed on the Crack Moly Project located northeast of Harrison Lake, BC. These holes are the first three of nine holes completed during the Phase I and partially completed Phase II drill programs.
The holes were drilled to test the eastern margins of a deep-seated conductive zone defined by the Company's 2005 Induced Polarization (IP) survey, which indicates chargeable zones extending to depths of approximately 500-600 metres below surface. All holes successfully intersected molybdenite mineralization occurring as disseminations, fracture filling, quartz-molybdenite veins and coarse-grained rosettes.
Significant results were obtained from hole CM07-03 which returned a weighted average of 0.044% Mo over 233.25 metres and includes high-grade intercepts of 0.136% Mo over 26.87 metres and 0.306% Mo over 9.47 metres. The remaining six holes of this summer's drill program are currently in the lab pending assay. These nine completed drill holes cover a strike length of approximately 700 metres. Preliminary indications suggest that the mineralization is increasing to both the north and west, approaching the deep conductive zones that will be the focus of the next phase of diamond drilling.
A summary of the significant results is presented in the accompanying
table.
-----------------------------------------------------------------
Hole No. From (m) To (m) Length (m) Mo (%) W (%)
-----------------------------------------------------------------
CM07-01 121.95 124.55 2.60 0.109
-----------------------------------------------------------------
187.41 343.51 156.1 0.035
-----------------------------------------------------------------
including 221.59 223.59 2.00 0.386
-----------------------------------------------------------------
including 290.90 305.08 14.18 0.141
-----------------------------------------------------------------
including 301.81 304.80 2.99 0.437
-----------------------------------------------------------------
including 336.90 337.41 0.51 1.426
-----------------------------------------------------------------
-----------------------------------------------------------------
CM07-02 29.78 30.84 1.06 0.114
-----------------------------------------------------------------
129.15 130.15 1.00 0.219
-----------------------------------------------------------------
-----------------------------------------------------------------
CM07-03 1.25 234.50 233.25 0.044
-----------------------------------------------------------------
36.20 41.17 4.97 0.183
-----------------------------------------------------------------
including 37.20 40.15 2.95 0.300
-----------------------------------------------------------------
64.77 90.53 25.76 0.080
-----------------------------------------------------------------
132.73 159.60 26.87 0.136
-----------------------------------------------------------------
including 140.22 149.69 9.47 0.306
-----------------------------------------------------------------
including 142.65 143.16 0.51 3.320
-----------------------------------------------------------------
202.13 204.10 1.97 0.117
-----------------------------------------------------------------
Notes:
- core size is BQTK (equivalent to B-thinwall).
- sample intervals are generally 1.0-2.0 metres in length.
- values reported are from ICP and assay data by Eco Tech Labs
in Kamloops, BC and are core length intercepts, not true
width. Values reported are Mo, not MoS2 and all samples
reporting (greater than)500ppm from ICP analysis are assayed.
The molybdenite mineralization is found in all lithologies intersected to date and includes granodiorite, quartz-feldspar porphyry, and both monolithic and heterolithic breccias.
Hole CM07-01 was collared as a vertical hole to test both near surface and deeper IP chargeability anomalies and was drilled to a final depth of 343.51 metres. The hole intersected weaker zones of molybdenite in the upper portion of the hole with broad zones of elevated molybdenite in the lower half of the hole. Best results are from the interval 187.41-343.5 metres which assayed 0.035% Mo over 156.09 metres, including 14.18 metres grading 0.141% Mo from 290.90-305.08 metres. Local sample intervals reported anomalous tungsten including 0.368% W over 2.00 metres.
Hole CM07-02 was collared from the same setup at an azimuth of 220 degrees and a dip of -65 degrees; the hole was drilled to a final depth of 255.12 metres. The hole targeted the centre of a zone of high resistivity; the southern edge of this same resistivity target was tested by hole CM07-01. The hole failed to return any broad zones of molybdenite mineralization but did intersect narrower zones of higher-grade molybdenite with assays of 0.114% and 0.219% Mo over 1.00 and 1.06 metres respectively.
Hole CM07-03 was collared approximately 350 metres east-northeast of holes CM07-01&02 at an azimuth of 180 degrees and a dip of -65 degrees and drilled to a the final length of 323.70 metres. Multiple zones of both high and low-grade molybdenum mineralization were intersected throughout the hole. The interval from 1.25-234.5 metres assayed 0.044% Mo over 233.25 metres and includes 0.136% Mo over 26.87 metres and 0.306% Mo over 9.47 metres. One high-grade sample assayed 3.320% Mo over 0.51 metres. Additional conductive zones are indicated approximately 200 metres below the bottom of the hole, the company intends on testing this target at a later date with a larger drill.
The casing was left in holes CM07-01 and CM07-03 so that these holes can be extended to test deeper-seated conductive zones that exceeded the depth capability of the drill rig used in the recently completed program.
Mr. Wesley Raven P.Geo., is the qualified person for this project and has reviewed and verified the contents of this news release.
For more information, please visit www.pacificcasacade.ca.
ON BEHALF OF THE BOARD OF DIRECTORS,
"Harold Forzley"
Harold Forzley
President / CEO
Pacific Cascade Minerals Inc.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this news
release. We seek Safe Harbor.