Flag Resources (1985) Limited Camp Site Zone Mackelcan Township Property Wanapitei Anomaly, Sudbury, Ontario

SUDBURY, ON, Jan. 17, 2012 /CNW/ - The following drill holes are located in a gold-copper bearing zone in claim 472926 and 472927, mining lease 105420, Mackelcan Township, Sudbury, Ontario.  The gold-copper zone is open as to size extent and depth.

Flag Resources is preparing to deepen drill holes 83-28 and 90-3, to explore the gold-copper zone at depth, and to complete a down hole survey to ascertain the direction in which the sulfides are proceeding.

W L C 90-1 - -700-55 feet south, 20 feet west of W L C 83-28
  58.5 feet .255 oz gold, 170-228.5 feet
W L C 90-3 - -vertical-25 feet west, 12 feet south of W L C 83-28
  73.5 feet 0.519 oz gold, 104-177.5 feet (includes 14 feet 0.18 oz gold 1.94% Cu)
W L C 83-28 - -vertical
  74.5 feet .033 oz gold, 2.50% Cu 131-205.5 feet (includes 48 feet .043 oz gold 3.60% Cu)
W L C 83-33 - -620-74 feet west, 10 feet north of W L C 83-28 (drilling east)
  36 feet .109 oz gold, 1.73% Cu 98-134 feet
W L C 83-34 - -700-74 feet west, 10 feet north of W L C 83-28 (drilling east)
  28 feet .114 oz gold 1.94% Cu 164 - 192 feet
W L C 83-36 - -600-84 feet north, 12 feet east of W L C 83-28 (drilling south)
  28 feet 0.12 oz gold 2.50 % Cu 194-222 feet
W L C 83-41 - -700-55 feet south of W L C 83-28 (drilling north)
  100.5 feet .08 oz gold, 147-247.5 feet

 
 

In the eastern sector of claim 472927, in Wolf Lake, an isolated 1.5 foot section, from 721.5 feet to 723 feet in vertical drill hole WL 86-1 intersected 22.10 oz gold (logged by Frank P Tagliamonte). WL 86-1 was drilled by Hecla Mining under joint venture with Flag Resources.

The gold/copper zone of all these diamond drill holes occur between the shallow depth of 100 and 200 feet.

 

 

 

SOURCE Flag Resources (1985) Limited

For further information:

For further information, inquiries and updates please visit our website at flagresources.ca or call 1-250-801-2799 or toll free in North America at 1-888-531-7798.

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Flag Resources (1985) Limited

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