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Cogitore Resources Reports New High Grade Intersection at Scott Lake Project

COGITORE Resources Inc. (TSX VENTURE:WOO) has reported a new high grade intersection in the new CFO Lens at its 100% owned Scott Lake project in Quebec.

The intersection was obtained from a wedge cut from hole SC-93-106W and is the third high grade intercept on the CFO Lens.

DDH SC-106W3 (weighted averages)

The new massive sulphide intersection was obtained about 112 metres above and west of SL-93-106W (see June 17, 2010 press release) and 93 metres west of the SC-53 intersection (March 31, 2010 press release). Since the announcement of the discovery of the new CFO Lens, all of the focus at Scott Lake has been shifted to the CFO Lens sector. In addition to completing one deepening and one wedge cut from surrounding holes, a deep parent hole was completed on Section 2100W approximately 100 metres to the west and 220 metres below the massive sulphides intersected in hole SL-93-106W, followed by two wedge cuts updip from that parent hole.

A series of serious mechanical and technical difficulties have caused considerable delays in completing the parent hole to its final length of 1,416 metres. However, the parent hole did intersect the target horizon at a vertical depth of 1,228 metres which confirms that the prospective rhyolite horizon does extend to considerable depth and at least 100 metres to the west of the westernmost section ever drilled previously. Numerous zones of stringer and semi massive sulphides were intersected in the deep drilling on Section 2100W but no significant massive sulphides have yet been found down-dip of the SL-93-106W. Mineralized zones include 10.8 metres grading 1.46% zinc in parent hole SC-56, and two mineralized intervals in the first wedge cut from SC-56 returning respectively 14.3 metres grading 0.80% zinc and 0.51 g/t gold and 3.0 metres grading 0.82% copper.

Other drilling completed in 2010 includes the deepening of a wedge-cut from hole SC-52 (see March 31, 2010 press release). Although that hole was initially drilled to test the West Lens mineralization, it turned out to be also well positioned to test the CFO Lens target horizon east and below the SC-53 discovery hole, and it was deepened by only 194 metres to provide another piercing point on the CFO Lens horizon. Stringer sulphides were intersected within the Tony rhyolite host rock with significant copper and gold grades:

DDH SC-52W (weighted averages)

Borehole geophysical surveys were completed in all holes with indications of good conductive zones in the immediate vicinity of the recent holes.

Company President Gérald Riverin, Ph.D., P. Geo. stated: "We are pleased with the high grades obtained in SC-106W3 and that the technical problems are now behind us. Our objective at Scott Lake remains to increase mineral resources prior to a preliminary scoping study, which could lead to underground exploration."

Work is carried out by the Company's personnel, under the supervision of Gérald Riverin, PhD, P.Geo. He is a qualified person (as defined by National Instrument 43-101) and has more than 30 years of experience in VMS exploration.

All drill core discussed in this press release was logged and marked up for assay at the Company's secure facility in Chibougamau, Quebec. Drill core for assay was split in half. Half of the core was shipped in sample bags to either ALS Chemex of Val d'Or or Laboratoire Expert Inc. of Rouyn-Noranda with appropriate standards, duplicates and replicates used for quality 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.

Source: COGITORE Resources Inc.


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