TORONTO, June 1 /CNW/ - COGITORE Resources, a division of Woodruff
Capital Management Inc. (the "Company") (WOO: TSX-V) is pleased to announce
the commencement of its 2006 exploration drilling program on the Scott Lake
property ("the "Property").
A drill rig is currently in operation on the Property where the Company
plans to drill about 3,600 metres. The drill program will be focused on the
top of a quartz porphyry rhyolite dome where widespread alteration and copper
stringer sulphide zones have been reported by the previous operator Thundermin
Resources Inc. ("Thundermin"). In addition, a deep "Off-Hole" Borehole EM
anomaly identified by Thundermin along the horizon hosting the Scott Lake
deposit will be further detailed with new technology PEM equipment and drill
tested as well.
Cogitore President GDerald Riverin, Ph.D., P. Geo. stated "We are very
excited to be finally drilling on the Scott Lake property. A helicopter-borne
VTEM survey has been done over the Property, and over the last several months
detailed compilation of all previous work was also completed. The presence of
the Scott Lake deposit and the results of the compilation indicate that the
area continues to host significant potential for new discovery."
The Scott Lake property is situated approximately 20 kilometres west of
Chibougamau, Quebec. It has seen considerable exploration activity in the mid
70's and in the late 80's following the discovery by Selco of a VMS deposit
estimated by Thundermin to contain drill indicated resources of 700,000 tonnes
grading 0.4% copper and 6.9% zinc to the 375 meter level. This historical
mineral resource was not prepared in accordance with the requirements of
National Instrument 43-101 and, therefore should not be relied upon. The Selco
massive sulphide deposit covers a strike length of 160 meters, down to a
vertical depth of 400 metres. The Scott Lake property is located on the north
limb of the Chibougamau Anticline where the Company wholly owns 18 kilometres
of strike length of felsic rocks of the Waconichi Formation (the same that
host the past producing high grade Lemoine mine which is now part of the
Company's Lemoine project).
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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