Pacific Cascade Minerals Inc. announces the results from drill holes numbers CM07-06 to CM07-09 inclusive, completed on the Crack Moly Project located northeast of Harrison Lake, BC. These holes are the final in a series of nine holes completed during the Phase I and partially completed Phase II 2007 drill programs.
The holes were drilled to test the eastern margins of a deep-seated conductive zone defined by the company's 2005 Induced Polarization (IP) survey, which indicates chargeable zones extending to depths of approximately 500-600 metres below surface. All holes successfully intersected molybdenite mineralization occurring as disseminations, fracture filling, quartz-molybdenite veins and coarse-grained rosettes.
Hole CM07-06 returned a weighted average of 0.029% Mo over 108.48 metres, including 0.062% Mo over 15.00 metres. Hole CM07-07 intersected higher grade Mo over narrow intervals, including 0.217% Mo over 1.50 metres and 0.249% Mo over 1.50 metres. Hole CM07-08 was similar to hole 7, with higher grade Mo over narrow intervals, including 0.10% Mo over 1.43 metres. This hole had higher silver values than any other holes drilled to date, including 10.4 g/t Ag over 1.51 metres. Hole CM07-09 intersected lower-grade Mo over moderate intervals, including 0.030% Mo over 19.04 metres and 0.017% Mo over 42.63 metres.
Hole CM07-06 was collared from the same site as hole CM07-05, as a vertical hole to test visually favourable mineralization seen in hole CM07-05. The hole intersected molybdenite mineralization throughout its length, with the better results in the upper 100 metres, assaying 0.029% Mo over 108.48 metres from 1.52 to 110.00 metres.
Hole CM07-07 was collared at an azimuth of 180 degrees and a dip of -60 degrees, approximately halfway between hole CM07-03 and CM07-05/06. The upper portion of the hole was mineralized, averaging 0.025% Mo over 44.18 metres from 1.82 to 46.00 metres, including higher grade intercepts of 0.097% Mo over 4.50 metres and 0.217% Mo over 1.50 metres.
Hole CM07-08 was collared at an azimuth of 360 degrees and a dip of -76 degrees, approximately 125 metres west of hole CM07-01/02. The hole was targeting an IP chargeability anomaly with both low and high resistivity features. The hole intersected broad zones of low-grade molybdenite mineralization with some narrow, higher-grade zones, including 0.106% Mo over 1.43 metres. This hole encountered low but elevated silver values throughout much of its length and may indicate a change in the mineralizing solutions as silver is elevated relative to the other eight holes completed in 2007.
Hole CM07-09 was collared as a vertical hole, approximately 82 metres northwest of hole CM07-08; the target was a near surface chargeability anomaly on the margins of a larger, deeper seated conductor that could not be tested with the drill available. The hole intersected moderately anomalous molybdenite mineralization in the middle portion of the hole, with results of 0.030% Mo over 19.04 metres, including 0.060% Mo over 4.42 metres, and a lower zone averaging 0.017% Mo over 42.63 metres. -- www.cnxmarketlink.com
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