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Shinning Tree exploration results of strippin & blasting. First results from the summer program at its gold property project in Northern Ontario. The property has strong merit and a 43-101 a complicated technical report is being prepared.
Sarissa carried out an initial investigative program on the property under the supervision of a contract Geologist, consisting of 4 one metre long channel samples from the quartz-carbonate veins in the area known as Area One/Two, as well as grab samples after blasting a 9 metre section from Area Three. The samples were assayed at Polymet Labs in Cobalt, Ontario, and returned the following results: One Metre Channel Samples from Areas One & Two: Sample Number Au g/tonne 353401___ 0.206 353402___ 0.069 353403___ 0.686 353404___ 10.834 Grab Samples after blasting from Area Three: Sample Number Au g/tonne 353405___ 4.731 353406___ 13.097 353407___ 10.972 353408___ 15.772 353409___ 25.92 353410___ 0.069 353411___ 2.606 353412___ 1.989 353413___ 2.606 353414___ 14.743 353415___ 20.297 353416___ 2.949 353417___ 3.154 353418___ 9.463 353419___ 1.509 Average of 15 Samples 8.658 grams per tonne Alan Hawke visited the Shining Tree property to check the Quartz Vein/Stockworks that have been exposed, which have been identified as Areas One to Four. Areas One and Two are the same North-South Striking Quartz Vein/Stockwork system. Area Three is 300 metres north, and strikes East-West. Area Four is 200 metres further north. It is thought that Areas One/Two and Four are related which are joined by the Area Three East-West Quartz Stockwork. The Four areas have been sampled by shallow saw cut channels, which only sampled the main exposed quartz veins. Results of this sampling indicated that Area Three warranted more detailed testing. Area Three was then opened up with surface blasting over a nine metre section along the main east-west quartz/stockwork veining. Fifteen samples were taken along this and as noted above averaged 8 grams per tonne rock. The extent of this high grade quartz-stockwork has not been determined due to being covered by glacial till. A work program is in preparation to test the extent of Area Three and the relationship to the other gold anomalous areas within the claims. Alan Hawke considers the results above are indicative of an extensive gold rich quartz veining/stockwork system. Additional Information: http://messages.finance.yahoo.com/Stocks... Sentiment : Strong Buy Rating :
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SRSR "Gold" 53.9 gm/tonne (1.57Oz./Tonne) Shinning Tree...
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ipak2 | Not rated | 26-Oct-09 03:43 pm |
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