Cogitore Resources Inc. (the "Company") (TSX VENTURE:WOO) is pleased to report
the beginning of a drilling program testing the Gold Hill showing at its Lemoine
project south of Chibougamau, Quebec. The program is entirely funded by
Blackrock Metals. 


Blackrock is a private company currently advancing an adjoining
iron-titanium-vanadium project to production. In exchange for certain road and
railroad access and rights of way, Blackrock has agreed to fund a phased
condemnation drilling program along a portion of the north boundary of
Cogitore's Lemoine property. A total of 1,393 metres in 5 holes have already
been drilled (and paid for) by Blackrock in 2012. No significant assays were
obtained in the first phase drilling. However, additional drilling has started
in the vicinity Gold Hill gold showing where four shallow holes are planned,
including a contingency hole. 


Results of recent chip sampling of the Gold Hill showing by Cogitore included up
to 0.92% copper and 85.4 g/t gold (2.49 oz/ton gold), and 0.87% copper and 1.9
g/t gold over narrow widths. These results are consistent with historical
surface sampling reported by Teck Exploration Ltd in 1999 which included grab
samples up to 2.8% copper and 48.2 g/t gold, and a chip sample returning 6.3 g/t
Au over 7.3 metres. The gold-copper mineralization at Gold Hill is associated
with a NNE oriented vein structure developed within intrusive rocks of the Lac
Dore Complex, which is the same unit hosting all of the ore produced in the
Chibougamau Camp. Historical cumulative production from the main Chibougamau
Camp totalled 43 Mt grading 1.7% Cu and 2.3 g/t Au for a total production of 1.6
billion pounds of copper and 3.2 million ounces of gold.


"The on-going development work by Blackrock provides Cogitore with a unique
opportunity to test a very interesting gold showing at no cost to the Company.
We are looking forward to seeing the results of the program" says Dr. Gerald
Riverin, President and CEO. "Vein type gold deposits are not at all uncommon in
mining camps yet recognized for their volcanogenic massive sulphide (VMS)
deposits. The nearby past producing Lemoine mine being one of the highest grade
VMS deposits in the world with 4.2 g/t gold in addition to 4.2% copper and 9.8%
zinc is perhaps telling us that Cogitore's Lemoine property may also have good
potential for gold deposits other than VMS type and the Gold Hill showing may be
reflecting exactly that." 


Recent assays mentioned in this press release were done at ALS Minerals
laboratories of Val d'Or, Quebec, with appropriate standards, duplicates and
replicates used for quality control purposes. 


Work is carried out by the Company's personnel, under the supervision of Gerald
Riverin, PhD, P.Geo. He is a qualified person (as defined by National Instrument
43-101) and has more than 35 years of experience in VMS exploration.


The Lemoine project is located in the Chibougamau mining camp, Quebec, which is
a natural resource based community serviced by rail, paved highways and
regularly scheduled air service. Major forestry roads traverse the Lemoine
property. In the 1950's and 1960's Chibougamau was one of Canada's largest
copper producing districts.


The Company's strategic focus is on base metal exploration in prospective areas
that also feature infrastructure favourable for mining development. Its current
focus is in the Abitibi Belt of Quebec and Ontario. 


Caution Regarding Forward-Looking Information 

This news release includes certain forward-looking statements within the meaning
of Canadian securities laws. Forward-looking statements involve risks,
uncertainties and other factors that could cause actual results, performance,
prospects and opportunities to differ materially from those expressed in such
forward-looking statements. Forward-looking statements in this news release,
include, but are not limited to, economic performance and future plans and
objectives of the Company. Any number of important factors could cause actual
results to differ materially from these forward-looking statements as well as
future results. Although Cogitore believes that the assumptions and factors used
in making the forward-looking statements are reasonable, undue reliance should
not be placed on these statements, which only apply as of the date of this new
release, and no assurance can be given that such events will occur in the
disclosed timeframes or at all. Cogitore disclaims any intention or obligation
to update or revise any forward-looking statement, whether as a result of new
information, future events or otherwise. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cogitore Resources Inc.
Gerald Riverin
President & CEO
819-764-6666


Cogitore Resources Inc.
Mark Goodman
416-924-9893
www.cogitore.com

(TSXV:WOO)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024  차트를 더 보려면 여기를 클릭.
(TSXV:WOO)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024  차트를 더 보려면 여기를 클릭.