NEWS ROUNDUP — Cross Lake drills massive sulphides

Four holes have been drilled by Cross Lake Minerals (VSE) on its Sheraton-Timmins polymetallic project near Timmins, Ont.

The first two were drilled to test a 1,200-metre-long electromagnetic (EM) conductor. The holes, more than 600 metres apart from each other, intersected a 15-metre-wide massive sulphide zone associated with brecciated graphitic tuff.

A third hole, drilled 1,000 metres west of that zone, intersected 20 metres of massive sulphides. This intersection is associated with a 350-metre, north-south-trending airborne geophysical conductor, previously interpreted as conductive overburden.

The company thinks there is potential for other massive sulphide zones where these conductive overburden airborne anomalies are shown. In addition, other segments of the first EM conductor and (as yet untested) induced polarization targets have good potential for sulphides.

The core is being assayed for copper, zinc, silver and gold.

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