RE: New Breed Of Buyers Are HereCDO - not just REE potential - it also has some very good copper potential with Murphy Lake. V.GWQ continues to prove up Spout Lake – looks like a mine in the making. Also note how the north zone (which likely extends right into CDO’s Murphy Lake property) has the highest potential, with massive mineralization styles.
https://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Fnewsreleases%2Easp%3Fsymbol%3DV%2EGWQ%26newsid%3D7996613
ARMSTRONG, BC, Dec. 21, 2010 (Canada NewsWire via COMTEX News Network) --
GWR Resources Inc. (the "Company" or "GWR") (TSX Venture: GWQ) is pleased to report assay results from five additional holes testing the Spout Lake Skarn Zones, on the large Lac La Hache porphyry-Au-Cu-Ag and Skarn-Cu-Magnetite-Au-Ag Project in central British Columbia. To date, 34 holes (3,456.3 meters) have been completed in our on-going winter 2010-2011 Program, designed to support 43-101 compliant resource calculations for possible open-pit development of the near-surface portions of the Skarn deposits. A full description of the Drilling Program, its rationale, links to various maps and photos, and assays for the first batch of five holes drilled, were provided in our December 16 2010 News Release (found on the Company's website and elsewhere).
…..
As reported last week, all new drill holes have intersected various widths of massive to semi-massive magnetite with finely disseminated to massive chalcopyrite, bornite, chalcocite and pyrite, occurring as irregular zones within fine to coarse grained, skarned volcanic tuffs and flows, or as late veins/dykes or fracture fillings of massive magnetite-chalcopyrite or chalcopyrite-only. (See more core photos at www.gwrresources.com)
Although many more holes remain to be drilled, assay results to date demonstrate predictability within each Zone, based on the detailed ground magnetic survey patterns. Where copper (as chalcopyrite) occurs within or associated with magnetite, maximum thickness of the mineralized zones correlates with the strongest ground magnetic response. While both North and South Zones contain massive and disseminated mineralization styles, the North Zone is typically more massive and the South Zone is more disseminated, thus far in our drilling. Combined with previously released results, all skarn drilling to date (assays for 10 holes) indicates an average "full intersection" grade (excludes the higher grade section within each drill intersection) of 0.6% Cu, 0.1 gpt Au, 2.8 gpt Ag, 25% magnetite equivalent-Fe, or a combined 4-metal equivalent of 1.1% copper equivalent. Within the ten holes for which assays have been received, seven intersections exceed 2% copper equivalent over an average core length of more than 7 meters. Future drilling in the new year will test less-magnetic, intervening areas between the magnetic highs, for their copper (+Au, +Ag) potential. An additional 8 holes have been sampled, sent for assay, and will be reported when results received.
Both drill rigs have now shut down over the Christmas break from December 18 to January 10, when drilling will recommence.