TORONTO, Nov. 19 /CNW/ - COGITORE Resources Inc. (the "Company") (WOO:
TSX-V) is pleased to provide an update on its 2007 drilling program. A total
of 11,084 metres were drilled at the Scott Lake and Lemoine projects. At the
Scott Lake project a new massive sulphide-bearing horizon was discovered
during the deepening of hole SL-90-45, drilled initially in 1990. This new
horizon, located 200m above the Selco-Scott deposit, is hosted entirely within
the main Scott rhyolite dome complex and consists of a 15 cm thick interval of
massive sulphides that graded: 1.36%Cu, 25.1%Zn, 0.11 g/t Au and 7.4 g/t Ag.
The massive sulphides are hosted within strongly altered rhyolites and are
underlain by disseminated and stringer sulphides which graded 0.45% Cu over
Albeit very thin, the discovery of this horizon is thought to be
significant for the following reasons:
- the sulphides are typical of so-called "exhalite" horizons that are
commonly found around massive sulphide deposits and which form distal
aprons around productive sub-marine hydrothermal discharge zones;
- the sulphides are very high grade, which speaks well for the quality
of the mineralizing system;
- this new horizon is wide open at depth and to the east, and
constitutes a new target horizon for future drilling.
The intersection confirms the presence of at least four periods of
massive sulphide accumulation on the large (57sq km) property. The property is
contiguous over 18km and is located midway between Chibougamau and Chapais,
Quebec, proximal to excellent road, rail and mine service infrastructure.
Drilling will resume in the winter of 2008 after completion of deep
penetrating EM surveys to the east of hole SL-90-45 and also to the whole
western part of the property.
Dr. Gérald Riverin, Cogitore's President and CEO, commented that he is
"encouraged by the ancient inter-rhyolite environment sampled by drill hole
SL-45E, which allowed such high grade base metal values to accumulate. Until
this point we were used to encountering base metal values that average
6.6 % zinc and 0.5% copper. The intersection in SL-45E marks a real and
positive departure. Approximately 80% of the ore mined at the Millenbach Mine
Noranda, Quebec, where I did my PhD thesis, came from an inter-rhyolite
horizon. In the same camp the 14Mt Quemont mine also consisted essentially of
inter-rhyolite massive sulphide ore. It is very exciting that in two short
periods of drilling at Scott Lake, Cogitore has discovered a new massive
sulphide lens (the 800 Lens), approximately doubled the Central Lens in size,
discovered copper-rich stringer sulphides and now have a new high-grade
massive sulphide intercept in drill hole SL-45E."
At Lemoine, four holes were drilled for a total of 1,728 metres. Two
holes were testing interpreted favourable stratigraphy while the other two
holes were testing geophysical anomalies, including a TITAN 24 geophysical
anomaly. All holes intersected at least some sulphide mineralization but,
although assays are still pending, no economically significant base metal
assays are expected. Borehole PEM surveys were done in all holes and one
possibly significant "off-hole" anomaly was detected at the end of hole
LEM-59, which was testing a TITAN 24 anomaly. LEM-59 was the last hole of the
program and some follow-up is required as the anomaly appears to be located
near the base of the Lemoine rhyolite package.
Work is carried out by the personnel of Cogitore Resources Inc., 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 29 years of
experience in exploration.
Core is logged and sections sent for analysis are sawn in half at the
Company's secure facilities in Chibougamau, Quebec. Half the core sampled is
sent to ALS Chemex in Val d'Or, Quebec, for analysis with appropriate
standards, duplicates and replicates used for 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, and in the Central Belt of Newfoundland.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Gérald Riverin, President & CEO, Telephone:
(819) 764-6666, www.cogitore.com