2011 Program
Buchans Minerals and Benton Resources have initiated a summer exploration program on the Range prospect where potential exists for discovery of significant copper-bearing massive sulphide deposit. Initial work will include further geophysical surveys to determine the extents of mineralization along strike and down dip of recently completed drilling that confirms the prospect is host to a 7 to 13 metre thick zone of copper-bearing, semi-massive to massive sulphides that remains open in several directions
2010 Program
The Range prospect is located within the north-east portion of the Long Range property that is operated as a 50/50 Joint Venture with Benton Resources. Since completing a four hole drill program to test the Range Copper prospect in April 2010, the Companies have drilled three more holes in the winter of 2011 that have successfully identified the orientation and character of the copper and cobalt prospect.
The 3 holes drilled in the winter of 2011 extended the copper-bearing sulphide mineralization over a minimum strike length of 200 metres, with the zone open in both strike directions and at depth. New assays suggest the overall sulphide abundance, thickness and copper grades may be increasing to the north. Assays from new drilled intersections include hole LR-11-17 that returned 12.9 metres (estimated true width) averaging 0.48% Copper and 0.023% Cobalt, including 0.91 metres averaging 2.24% Copper and 0.011% Cobalt. Given the positive nature of these results, the Companies are planning additional geophysical surveys and diamond drilling to test the Range prospect in 2011. This work will focus on extending the zone to the north and down dip, where potential exists for the zone to expand into a significant copper sulphide deposit.
|
Hole
|
Length
|
Intercept Width (m)
|
Estimated True Width (m)
|
Cu %
|
Co %
|
|
From (m)
|
To (m)
|
|
LR-11-017
|
171.30
|
185.50
|
14.20
|
12.9
|
0.48
|
0.023
|
|
including
|
174.50
|
175.50
|
1.00
|
0.91
|
2.24
|
0.011
|
|
including
|
174.50
|
184.80
|
10.30
|
9.36
|
0.53
|
0.021
|
|
|
|
|
|
|
|
|
|
LR-09-02
|
92.00
|
129.80
|
37.80
|
13.10
|
0.37
|
0.031
|
|
including
|
96.00
|
120.00
|
24.00
|
8.30
|
0.42
|
0.022
|
|
including
|
118.0
|
119.0
|
1.00
|
0.35
|
1.44
|
0.08
|
|
|
|
|
|
|
|
|
|
LR-11-015
|
52.00
|
60.50
|
8.50
|
7.60
|
0.48
|
0.017
|
|
including
|
55.00
|
59.00
|
4.00
|
3.58
|
0.66
|
0.021
|
|
including
|
57.00
|
58.00
|
1.00
|
0.89
|
1.00
|
0.022
|
|
|
|
|
|
|
|
|
|
LR-11-016
|
70.45
|
80.30
|
9.85
|
8.10
|
0.13
|
0.009
|
Assay highlights for the Range Copper prospect. Results in Italics are from drilling completed and announced in 2009 (true widths estimates based upon revised geometry determined by 2011 drilling as well as observed contacts in drill core).