Noranda continues exploration work on Central property

Twenty-nine claims were staked in 1986 on Central Crude’s Mishibishu Lake property in northwestern Ontario, the company reports.

The staking, performed to protect the western extension of recently discovered gold showings near No Name Lake, was undertaken by Noranda Exploration, which has an option to earn a 60% interest in the property by spending $1 million on exploration work by September, 1989, and paying Central $90,000 in cash by September, 1988.

A total of 112 km of line was cut and chained last year over the southern portion of the property. The grid area is underlain by intermediate to mafic volcanics with several thick bands of immature sediments. The sequence grades northward into interlayered felsic and mafic volcanics. A high-level felsic intrusion outcrops in the north-central portion of the grid north of No Name Lake.

Erratic gold values up to 0.26 oz per ton have been found along a 2-km length. The mineralization is associated with less than 0.1 cm to 1 m quartz stringers and veins within discrete E-W shears hosted by felsic-mafic volcanics.

A soil geochemical survey was carried out with 2,200 B horizon samples taken. Results include a 3.5-km-long gold-in-soil anomaly (max greater than 500 ppb) along the southern contact of the high level intrusive. The zone parallels the auriferous veins and shears near No Name Lake. Grab samples returned values to 540 ppb from altered felsic volcanics.

A second soil anomaly (max greater than 1,000 ppb) occurs within the intrusive stock and has a strike length of several hundred metres.

Noranda’s 1987 work proposal is designed to further define potential drill targets on the second half of the property near No Name Lake as well as to evaluate the remaining targets on the property.

Meanwhile, Central President Richard Nemis reports that work has commenced on the company’s 24-claim group in Valrennes Twp., Que. Central Crude has a 50% undivided interest in the property, with the other 50% belonging to Joutel Resources.

Joutel has agreed to decrease its interest in the property because Central will provide the funds to carry out the exploration program, Mr Nemis reports. A diamond drilling program is under way on the property.