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CALGARY, Nov. 17, 2011 /CNW/ -

Leading Mineral Prospects
Sudbury, Ontario Mineral Holdings
Mackelcan Township

1.WLC90-3, Wolf Lake Peninsula

Mackelcan Township

73.5 feet 0.519oz gold, including 3.5 feet of 4.98oz gold from 104 to 177.5 feet.  Being deepened below present depth of 250 feet.

2. LL93-01, Laundry Lake, Mackelcan Township

Intervals of copper, Sudbury Breccia and magnetic rock, from 400 feet to bottom of drill hole at 4400 feet.  Located 100 feet west of Laundry Lake.  Strongest magnetic structure in Wanopita anomaly, and indicated source for mineralization.  Proposing to drill 2500 foot deep hole in Laundry Lake.

3. CB 92-1 Cobalt Hill, Mackelcan Township

Minute inclusions of 4 varieties of nickel, 2 varieties of copper, cobalt and gold, discovered in quartz veins in sedimentary rock, discovered by studies of Dr. Eva Schandl and University of Toronto Geological Dept. suggested it comes from a nearby mafic or ultramafic intrusion.  W.A. (Bill) Morris, McMaster University discovered a nearby, very strong magnetic anomaly.  Strength had to be caused by a mafic or ultramafic intrusion.  The depth ideated to the alteration zone outlined by Dr. Eva Schandl.  Drilling proposed to find the rich suggested mafic or ultramafic source.

SOURCE Flag Resources (1985) Limited

For further information:

Flag Resources (1985) Ltd.
1105 Council Way S.W.
Calgary, Alberta T2T 1X5
Bus: (403) 262-8883 Fax: (403) 262-8886 North America 1-888-531-7798

Profil de l'entreprise

Flag Resources (1985) Limited

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