CMA begins trenching Goldsmith propertyHello everyone,
Cream Minerals begins trenching Goldsmith property
2007-10-09 06:44 ET - News Release
Mr. Frank Lang reports
TRENCHING LOCATES BROAD ZONES OF QUARTZ VEINING GOLDSMITH PROPERTY, BC
Cream Minerals Ltd. has started an excavator trenching program on its Goldsmith property, located near Kaslo in southeastern British Columbia. The Goldsmith property contains numerous historic (circa 1903), small, high-grade workings (Lucky Jack, Bullock, Swede, Goldsmith, Gold Park and others) throughout a three-kilometre-long belt of altered volcanic and sedimentary host rocks. High-grade gold mineralization in the workings is found in numerous quartz veins that range up to five metres in width. Also of interest on the Goldsmith property are reported historic gold values obtained from the altered wall rock between and adjacent to the quartz veins. Historic geologic and promotional reports from the early 1900s expound on the amount and size of free gold within these vein networks.
To date, Cream has obtained extremely encouraging results from rock grab and chip samples collected from the numerous small-scale historic workings. See the table attached for some of the spectacular gold assay values from sampling by Cream in 2003 to 2006 (previously reported). These sample results confirm the historic reports of very high-grade gold mineralization.
Location
Sample (working) Type Au (g/t) Ag (g/t)
B2-3 Bullock Grab 140.16 69.8
B4-1 Bullock Grab 75.27 123.9
B4-4 Bullock Grab VG 9,901.79 619.5
JB3-B1-13 Bullock 80 cm chip 63.78 36.2
JB3-B2-13 Bullock 50 cm chip 14.33 2.6
JB3-B5-1 Bullock 150 cm chip 1.46 2.5
04LJ-1 Lucky Jack 100 cm chip 2.31 1.1
04LJ-2 Lucky Jack 17 cm chip 40.70 4.9
04LJ-15 Lucky Jack 200 cm chip 2.13 -
LJ4-1 Lucky Jack 20 cm chip 4.82 0.3
LJ4-2 Lucky Jack Grab VG 49.67 3.1
LJ4-3 Lucky Jack Grab VG 3,888.10 181.6
04GS18-5 Goldsmith 50 cm chip 5.66 1.0
04GS19-1 Goldsmith 100 cm chip 2.57 -
04GS20-1 Goldsmith 40 cm chip 9.93 3.2
04GS20-3 Goldsmith 35 cm chip 27.63 3.6
04GS30-1 Goldsmith 20 cm chip 101.78 22.8
04GS3-1 Goldsmith Grab 18.57 1.7
04GS34-1 Goldsmith Grab 8.27 -
GS1-4 Goldsmith Grab 36.75 2.3
GS3-2 Goldsmith Grab 13.83 6.2
CK-1 Crown King Grab 9.19 45.0
04OP-2 Ophir Grab 4.36 -
04TEL-3 Telluride Grab VG 135.45 15.7
BH-10 Big Hope 200 cm chip 0.87 143.2
The historic workings are located within a strong, greater than two-kilometre-long, gold soil geochemical anomaly. The soil anomaly is strongest in the area of the historic Bullock and Goldsmith workings (see sketch), and is in the area tested with the current trenching program. The historic Bullock workings consist of four adits and numerous small shafts, pits and trenches, while the Goldsmith workings consist of three adits, again accompanied by numerous small pits, shafts and trenches.
At the Bullock area, a 134-metre-long trench was put in to cross the area of quartz veining between adits three and four. This trench encountered 48 (generally sub-parallel) quartz veins ranging in width from a few centimetres to two metres. The quartz veins were chip sampled, as was the intervening wall rock for the entire length of this trench.
At the Goldsmith workings, a second, long cross-sectional trench was put in to cross the stratigraphy and encountered nine separate quartz veins. A well-mineralized (galena, pyrrhotite, chalcopyrite, arsenopyrite) vein, that ranged in true width from 30 to 400 centimetres was exposed for a length of 64 metres and chip sampled every two metres along its strike in order to determine the average grade for this vein. Also, an additional two short trenches were put in and chip sampled, 250 metres away from this long trench at Goldsmith, to better expose veins which previously returned good gold values from grab samples collected in 2006.
A total of 162 chip samples have now been submitted to Acme Laboratory Ltd. in Vancouver for assay. Results are expected in about four weeks. A follow-up trenching and diamond drilling program has been permitted and is planned to resume once assay results have been received, weather permitting.
Linda Dandy, PGeo, is the company's supervisor and qualified person for the purpose of National Instrument 43-101, and has verified the data in this news release.
We seek Safe Harbor.
GLTA,
I_luv_GVG