New Phase of Drilling on Pitt Gold: Normabec Intercepts 11.3 g/t Au Over 2 Meters
30 January 2008 - 2:48AM
Marketwired
ST-BRUNO, QUEBEC (TSX: NMB) is pleased to announce that its
winter drilling program on the Pitt Gold property, located along
the Porcupine-Destor Break some 35 km north of Rouyn-Noranda,
Abitibi, is in progress.
While drilling started in late November 2007, initial assay
results from this program are just now becoming available. As such,
Normabec is pleased to report that the first hole of the program
successfully intersected the interpreted western extension of Vein
2, some 60 metres to the west of the previously released hole
PG2006-01 (82.88 G/T Au over 4.58 meters (see press release dated
April 20, 2006) . The new hole, PG2007-06, returned 11.3 g/t Au
over 2.0 meters from 651 to 653 metres along the hole. Other
anomalous results included 1.51 g/t Au over 3.0 metres from 791 to
794 m.
Drilling is ongoing, with a minimum of 8,000 metres. This ten
hole drilling program is aiming at defining Vein #1 and 2, on a 50
X 50 meters spacing, in the western portion of the mineralized area
as well as testing various parallel gold bearing structures
previously intersected by drilling to the north of the latter
It is important to note that in previous years, drilling at Pitt
Gold was limited to the winter months due to the wet nature of the
ground in and around the project area. Prior to the beginning of
the drilling program, the company undertook engineering and
construction of an all weather road (700 meters) to improve access
to the project area. With the new road in place, the company will
be able to carry out exploration and drilling activities year
round, with the exception of the spring break-up period which
affects most projects in the Abitibi.
Since optioning the property, the company has outlined
mineralized structures that can be traced over a strike length in
excess of 500 meters. The gold associated with these structures is
generally related to zones of grey quartz stockwork and
silicic-potassic alteration containing between 2 to 10% of
disseminated pyrite and traces of chalcopyrite. All rock types,
north and south of the Porcupine-Destor Break, can host mineralized
structures although intermediate volcanics and QFP appear to be
favoured in term of continuity.
Samples were prepared and assayed at Laboratoire Expert of
Rouyn-Noranda. Normabec has implemented a QAQC program which
includes systematic use of standards, blanks and duplicates. Values
above 1 g/t Au are systematically re-assayed.
The 2008 drilling program is being carried out under the
supervision of Mr. Pierre O'Dowd, geologist and Qualified Person as
per National Instrument 43-101.
In 2007, Normabec earned a 60 percent interest in the Pitt Gold
property, per the option purchase agreement signed with SOQUEM Inc.
and GeoNova Exploration Inc.. The company has completed more than
18,000 meters of drilling on the property since the signing of this
agreement. Normabec is now in the process of earning an additional
20 percent interest in the property by undertaking exploration
expenditures (incl. drilling) of C$500,000 before June 2008.
SOQUEM is a wholly owned subsidiary of the Societe generale de
financement du Quebec (SGF). The mission of the SGF, an industrial
and financial holding, is to undertake economic development
projects, in the industrial sector, in cooperation with partners
and in compliance with the economic development policies of the
Quebec government.
GeoNova is a wholly owned exploration company of Campbell
Resources Inc., a mining Corporation which operates mainly in the
Chibougamau area (Quebec), and holds several gold and copper
properties.
Normabec is a junior mining exploration company with a portfolio
of advanced exploration projects including: the Pitt Gold Project
in Quebec and the Real de Catorce Silver Project in Mexico.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this press release.
Contacts: Normabec Mining Resources Limited Robert Ayotte
President 450-441-9177 info@normabec.com www.normabec.com Normabec
Mining Resources Limited Louis Morin Director Investor Relations
514-591-3988 louis.morin@normabec.com
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