Canadian Orebodies Highlights Infill Drill Results on the Farley Lake Mine Project Joint Venture With Carlisle Goldfields
April 15 2014 - 8:00AM
Marketwired
Canadian Orebodies Highlights Infill Drill Results on the Farley
Lake Mine Project Joint Venture With Carlisle Goldfields
TORONTO, ONTARIO--(Marketwired - Apr 15, 2014) - Canadian
Orebodies Inc. (TSX-VENTURE:CO) ("Orebodies" or the "Company") is
pleased to highlight interim results from an additional 6 holes on
the Farley Lake Mine Project, which the company has a 10% interest
in through a joint venture with Carlisle Goldfields Limited (TSX:
CGJ) ("Carlisle"), who is the operator of the project. Drill hole
FL13-16 intersected 20.3g/t gold ("Au") over 6.8m between 180.0m to
186.8m. Hole FL13-15 intersected 5.2g/t gold over 19.0m from the
Farley Deeps. Drilling at Farley Lake commenced in December 2013
(see Press Release dated December 12, 2013).
Carlisle's President and CEO, Abraham Drost commented that: "The
additional 6 holes from the infill drill program continue to show
the Farley Lake Mine Project's considerable grade potential within
Inferred material in the optimized pit-shell while demonstrating a
deep value proposition at depth below the optimized pit shell in
the Farley Deeps horizon, which provides considerable exploration
upside."
Hole |
From (m) |
To (m) |
Drill Interval (m) |
Au Grade g/t |
FL13-03 |
No Significant Results |
|
|
FL13-13 |
143.0 |
163.0 |
20.0 |
2.4 |
182.8 |
184 |
1.20 |
2.2 |
192.5 |
199 |
6.5 |
3.2 |
242.6 |
247 |
4.4 |
1.4 |
367. |
371.0 |
4.0 |
2.2 |
|
|
|
|
|
FL13-15 |
364.0 |
383.0 |
19.0 |
5.2 |
|
|
|
|
|
FL13-16 |
180.0 |
186.8 |
6.8 |
20.3 |
|
|
|
|
|
FL13-18 |
97.2 |
99 |
1.8 |
10.3 |
141.5 |
151.0 |
9.5 |
2.0 |
|
|
|
|
|
FL14-01 |
25.0 |
31.0 |
6.0 |
3.3 |
58.0 |
71.0 |
13.0 |
6.1 |
113.0 |
116.0 |
3.0 |
6.7 |
148.5 |
150.5 |
2.0 |
4.3 |
|
|
|
|
|
NB. Drill Results highlighted and sub results use an
arbitrary cut-off grade of 0.60 g/t Au.
True width calculations indicate that core length is in
excess of 90% of core length.
Diagram 1: Drill Hole Locations is available at the following
address: http://media3.marketwire.com/docs/939709a.pdf
QA/QC
Carlisle's exploration programs are carried out under the
supervision of Peter Karelse P.Geo., Vice-President of Exploration,
a Qualified Person as defined by NI 43-101, who reviewed and
approved the technical content of this press release.
Samples were transported directly in secure containers from the
Carlisle Goldfields site in Lynn Lake, Manitoba, to the TSL
Laboratories in Saskatoon, Saskatchewan. TSL, which is an
accredited ISO/IEC 17025 lab, assayed the samples using standard
fire assay methods with a gravimetric finish. Certified standards
are placed in the sample stream at a rate of one standard per 20
samples. Certified blanks are placed in the sample stream at a rate
of one blank every 40 samples. One lab reject duplicate per 30
samples is submitted to an umpire lab for assay verification.
Results are analyzed for acceptance at the time of import. All
standards associated with the results in this press release were
determined to be acceptable within the defined limits of the
standard used.
About Canadian Orebodies Inc.
Canadian Orebodies is a Canadian-based mineral exploration
company with a portfolio of properties in Nunavut, Ontario and
Manitoba. Canadian Orebodies trades on the TSXV under the symbol
"CO".
Canadian Orebodies Inc.Gordon McKinnonPresident & CEO(416)
644-1747www.canadianorebodies.com