COGITORE Resources Inc. (TSX VENTURE:WOO) has reported that diamond drilling programs are currently underway at four of its base metal projects.
One rig is drilling at Scott Lake where a 7,600 metre program started on January 4. The program is meant to provide additional information in key areas in preparation for an update of mineral resources that are currently established at 3.6 million tonnes grading 1.1% copper, 5.2% zinc, 0.3g/t gold and 36.0g/t silver. The drilling will be done in the Central Lens, the West Lens and the new CFO Lens areas. Targets include also important geophysical conductors identified in recent drill holes. The objective at Scott Lake remains to increase mineral resources prior to a preliminary scoping study, which could lead to underground exploration.
One drill rig is in operation at the Caribou Project located in the Casa-Berardi area, where a 2,700 metre drill program is underway. The targets include isolated airborne (MegaTEM) anomalies in favourable areas and deep drilling on the high grade Caribou copper-zinc-gold-silver discovery made in 2009.
Drilling has also started at the Lemoine project to test the downdip extension of a high grade massive sulphide intersection of 0.43 m grading 4.3% copper, 6.3% zinc and 1.1 g/t gold. This intersection was obtained along the Lemoine mine horizon from underground drilling at a depth of 660 metres from surface and may represent a new massive sulphide lens opening at depth.
As well joint venture partner Vismand Exploration is currently drilling on Cogitore's Normetal West Project. The targets to be drilled include geophysical conductors that have been identified by Cogitore in felsic volcanics and that were subsequently confirmed by Vismand with deep penetrating TITAN 24 surveys. Vismand has the option to earn a 50% interest in the Normetal West Project and must drill a minimum of 2,000 metres before September 2011 to maintain its option in good standing.
In addition to the above drilling programs, the Company has also initiated a deep penetrating InfiniTEM survey at the Selbaie West Project about 14 kilometres to the west of the former Selbaie mine. The survey will cover two distinct stratigraphic horizons located at the base and at the top of a high temperature rhyolite unit, along which anomalous gold and zinc values have been found by previous drilling.
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.