Geophysics adds potential to Potter project

An ongoing geophysical program at the Potter base metal property in Munro Twp., 80 km east of Timmins, Ont., has provided numerous drill targets for owner Millstream Mines (MLSM-C).

Induced polarization (IP) surveys have been completed over a 1.44-sq.-km area centred on the past-producing Munro mine. The survey outlined strong chargeability and coincident low-resistivity anomalies extending along strike and beyond the old workings to the east and west. A deeply-rooted source for the anomalies is believed to lie west of the mine.

Geophysical consultant Quantec IP is carrying out the surveying, which is currently being extended to the east. This part of the program will use deeper-penetrating equipment to probe depths of up to 900 metres.

The company also plans to drill several conductors detected in a downhole geophysical survey of hole 97-10. Before it was terminated due to poor ground conditions, the hole intersected 113 metres (from a depth of 360.8 metres) of finely disseminated chalcopyrite, sphalerite and pyrrhotite.

Several narrow intervals within the zone averaged up to 1.5% copper, 0.7 zinc and 0.07% cobalt.

Hole 97-11 hit 157.5 metres (from 355 metres) of continuous low-grade mineralization, within which several narrow intervals averaged up to 1.05% copper, 2.34% zinc and 0.03% cobalt. Results for the remainder of the hole are still pending.

As well, the company recalculated results from hole 97-8A (T.N.M., Jan.19-25/98) in order to include newly acquired cobalt assays. The results include: 1.5 metres (from 482.4 metres) of 0.136% cobalt, 3.62% copper, 3.19% zinc, 29.5 grams silver per tonne; 2.54 metres (from 491.8 metres) of 0.07% cobalt, 2.33% copper, 9.09% zinc and 37 grams silver; and 2 metres (from 504.2 metres) of 0.08% cobalt, 6.6% copper, 4.37% zinc and 65.5 grams silver. Minor gold values are also reported.

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