Drilling wraps up at Assean Lake (October 15, 2001)

Vancouver — Results from a 5,000-metre drill program by International Curator Resources (IC-T) shows that a steeply plunging high-grade shoot on the Assean Lake gold property near Thompson, Man., is flanked by lower-grade mineralization.

The company is targeting mineralization encountered during last year’s drilling. The new discovery was cut by six holes over a 500-metre strike length. Mineralization occurs as silicified zones with pyrite, pyrrhotite, galena, arsenopyrite and chalcopyrite in a fracture zone within an Archean banded iron formation.

Recently reported grades range from 1 to 4 grams per tonne, though they were found over relatively wide zones, at down-hole depths exceeding 100 metres.

In hole 32, a 14.2-metre length graded 0.46 gram gold from 117 metres down-hole, and in hole 33, 10.1 metres graded 3.64 grams from 182 metres down-hole.

Hole 34 intersected 3.3 metres grading 4.73 grams gold from 191 metres down-hole, and hole 35 cut 3.8 metres grading 3.37 grams from 174 metres.

In hole 36, a 4.5-metre interval ran 1.15 grams from a down-hole depth of 104 metres, and in hole 37, 7 metres graded 1.16 grams starting at 170 metres.

This second round of drilling consisted of 35 holes, 16 of which were collared on the Hunt zone. Holes 38 through 56 tested reconnaissance geochemical and geophysical targets over an 8-km-long structural zone. Assay results are pending.

International Curator can earn a 60% stake in the property from a private company by spending $1.25 million over four years.