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Aurex Energy Corp V.AURX.H

Aurex Energy Corp. is a Canadian resource company. The Company is focused on the acquisition, exploration, and development of a diversified portfolio of resource properties that includes natural gas, base metals, and gold. It operates natural gas reserves in the Barnett Shale, Texas, and is exploring and developing four mineral projects in two mining jurisdictions, Nevada, United States of America and Saskatchewan, Canada. The Company's projects include the Cook Gold Project and Craig Lake Project. In the Cook Gold Project, the Company owns a 70% working interest in 88 lode claims, covering 7.4 square kilometers (sq km), located 100 kilometers (km) northwest of Winnemucca, in Humboldt County, Nevada. The property provides gold and copper mineralization. The Company owns a 100% working interest, subject to a 3% net smelter returns royalty, in one mineral disposition covering 2,764 hectares near Craig Lake, Saskatchewan near Flin Flon, Manitoba.


TSXV:AURX.H - Post by User

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Post by STOCKRUSon Mar 05, 2012 11:43am
290 Views
Post# 19627176

CPC.V - News - Drill Results

CPC.V - News - Drill Results

Canadian Platinum Corp. Announces New Copper-Nickel-PGE Assay Results on Hole 44

CALGARY, ALBERTA--(Marketwire - March 5, 2012) - Canadian Platinum Corp. ("Canadian Platinum" or the "Corporation") (TSX VENTURE:CPC) is pleased to report assay results from diamond drill hole DDH SW-44 of the 2011 Fall Drill Program on the Swan Lake Zone in the Peter Lake Project (the "Project"). The Project, believed to be Canada's newest platinum discovery, is located in northeast Saskatchewan on the "Swan Lake Complex", North America's largest mafic/ultramafic complex. The Corporation's mining claims in the area cover approximately 500,000 acres.

Hole DDH SW-44 intersected mineralized zones with encouraging results (see table below). DDH SW-44 intersected PGE and copper mineralization as follows:

Hole DDH SW-44: 5.1 m grading 0.45% Cu, 0.472 g/t Au+Pt+Pd

Below is a Table details summarizes assay results on holes DDH SW-44.

Drill Hole

Depth
(m)

Total Width
(m

)

Cu
(%

)

Ni
(%

)

Co
(g/t

)

Au
(g/t

)

Pt
(g/t

)

Pd
(g/t

)

Au+Pt+Pd
(g/t

)

From

To

DDH SW-44

294.3

299.8

5.5

0.08

0.02

58

0.032

0.053

0.042

0.131

400.7

406.0

5.3

0.40

0.23

281

0.045

0.027

0.099

0.171

437.0

466.6

29.6

0.20

0.06

72

0.045

0.056

0.061

0.162

Including

461.5

466.6

5.1

0.47

0.15

137

0.109

0.157

0.206

0.472

Including

462.4

465.2

2.8

0.62

0.21

174

0.150

0.200

0.257

0.607

The Swan Lake Zone on the Peter Lake Project (the "Project") is located in north east Saskatchewan on the "Swan Lake Complex", which is North America's largest ultramafic complex. The Corporation's mining claims in the area cover approximately 500,000 acres.

John G. Pearson, PGeo, the Company's qualified person under NI 43-101 in charge of the drilling program, reviewed and approved the technical disclosure of this press release on behalf of the Company.

Canadian Platinum Corp. is a Calgary, Alberta based corporation engaged in the exploration of platinum group and base metals in Canada.

Website: https://canadianplatinumcorp.com/

Neither the TSX Venture Exchange nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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