Drilling continues at Assean Lake

Vancouver Another round of drilling is well underway at International Curator Resources’ (IC-T) Assean Lake gold project in northern Manitoba.

Approximately 24 holes, or 2,900 metres, have been completed so far in this new phase of drilling. Assay results are pending. International Curator states that up to 4,500 metres of diamond drilling is planned in order to test new targets defined by geophysical and geochemical surveys performed last summer. These targets lie on strike with the Hunt, B-52 and BIF gold zones as well as on the north shore of Assean Lake near the Lindal gold vein.

The main exploration target at Assean Lake is shear-hosted gold associated with a gold-enriched sulphide iron formation. The project currently hosts seven gold zones over a 12 km strike length along the 200 km-long Assean Lake shear zone. Secondary exploration targets include nickel deposits of the Thompson-type that are also associated with sulphidic iron formations.

The Assean Lake project is a joint venture between International Curator Resources (60%) and Rare Earth Metals (REM-V) (40%). Curator is the operator.

In other news, International Curator’s takeover bid of Royal County Minerals (RMI-V) is being prepared and is expected to be mailed to Royal County shareholders shortly. According to the deal, Curator will deliver a takeover bid by March 15 to Royal County shareholders at an exchange ratio of 4 Curator common shares for each Royal County share. The deal is subject to due diligence and regulatory approvals.

Royal Country holds the Kinaskan property in Northwestern British Columbia which is adjacent to Curator’s GJ gold-copper project. GJ hosts a gold-rich porphyry copper system that hosts drill intercepts that average up to 1.9 grams gold per tonne and 0.70% copper over 68 metres. The Kinaskan property covers 130 sq. km and hosts 16 known mineral occurrences as well as a number of gold, copper and silver stream sediment and soil anomalies. A drill intercept at the Gordon vein cut 2.5 metres averaging 19.9 grams gold per tonne.

Also in Royal County’s stable are projects such as the Bob Creek gold-silver prospect near Houston, BC., and the QCM gold property situated 250 km northwest of Prince George.

At the Bob Creek property previous drilling on a series of quartz-feldspar porphyry dykes and hydrothermal breccias returned up to 69.0 grams gold and 13.03 grams silver over 6.1 metres, and 3.25 grams gold and 30.89 grams silver over 21.75 metres. In addition, several longer lower grade drill intercepts (up to 156.1 metres grading 0.79 gram gold and 10.29 grams silver), point to the bulk tonnage potential of the property.

The QCM property hosts a 300-by-130 metre gold-in-soil anomaly that averages 600 ppb gold. Limited drilling at the target intercepted gold mineralization that included a 36.5-metre section that averaged 1.31 grams gold and a 27.4-metre section that averaged 1.0 gram gold.