Copper Reef Mining Corporation (CNSX: CZC) wishes to announce that it has received the silver assays up to 477 g/t silver from the sampling of the Parres Vein on its 100% owned Otter Lake Property (the Property). This press release follows the press release on June 4th, 2011 where the Company reported high gold values from the Parres Vein. The Vein which averages 80 cm wide is exposed over 100 m before disappearing beneath soil cover at each end. Ten samples along a 90 m section were taken at roughly every 10 meters intervals. The results indicate high grade gold mainly associated with galena and minor pyrite and chalcopyrite. From northeast to south west along the strike of the vein, the results in grams per tonne gold are as follows: 7.17, 0.83, 33.90, 33.89, 49.50 114.20, 46.61, 24.61 3.10, and < 0.03.
The Property, which is contiguous with Copper Reef's Twin Lakes Property, contains a number of gold prospects which are part of a trend of gold showings and mines along the northwest trending Payuk Lake - Gurney Mine deformation zone (Gurney Mine Structure). The Gurney Mine structure is up to 80 metres wide locally, with gold showings and deposits generally on the southern side of the structure in subsidiary shears. Copper Reef holds 4 km of this gold structure.
Full Release attached in PDF Format
You can return to the main News Releases page, or press the Back button on your browser.