The Babine Lake (BABS) Project – Assay Results Received
Vancouver, BC – KENRICH-ESKAY MINING CORPORATION
(the “Company”) is pleased to announce assays have been received for
samples from diamond drilling done on the Babs Property, near Smithers,
B.C., which was announced in our July 18, 2008 news release.
The objective of this phase of drilling was to better define the
size and orientation of the copper mineralization encountered in
previous drill programs. This mineralization is spatially associated
with a float train of biotite feldspar porphyry mineralized boulders
similar to the Babine intrusives which host mineralization at the Bell,
Morrison, and Granisle mineral deposits located within seven kilometres
of the Babs Project. The next phase of drilling will focus on up ice
targets generated by the MMI sampling program. The target is a
Granisle/Bell type copper-molybdenum porphyry deposit.
A total of 1048 m of drilling in 7 holes were completed in the first
phase of drilling. Mineralization has been encountered in 6 out of 7
holes drilled. The mineralization is primarily in the form of
disseminated chalcopyrite. Chalcopyrite also occurs in veinlets and
chalcocite may be locally present. The mineralized zone (or zones)
appears to be steeply dipping, with most of the mineralization
occurring within felsic lapilli tuffs.
Previous programs encountered significant mineralization in 3 holes
which appear to fall along a WSW trending mineralized zone, with 490m
between the outlying holes. To date, 2008 drilling has focused on
stepping out from diamond drill holes which encountered significant
mineralization in previous programs. The strike of the zone or zones,
as well as the true widths of mineralized intersections could not be
determined, in part due to the blanket of till covering the area.
DDH 08-6 was offset 25m from DDH 93-08, which reportedly returned
0.21% Cu over a drilled width of 10.4m, with lower grade mineralization
extending another 19.5m. Preliminary results for DDH 08-6 indicate
0.21% Cu over a drilled width 76.4 m, though 5.1 m of core within this
interval were submitted for whole rock analysis and have not yet had
assays returned.
DDH 95-13 reportedly returned 0.34% Cu over a drilled width of
12.2m. DDH 08-2 was offset 50m from DDH 95-13 and encountered 0.16% Cu
over a drilled width of 59.6 m. DDH 08-5 was offset 100m from DDH
95-13. Preliminary results returned 0.15 % Cu over a drilled width of
24.4m, though assays are pending for 1.3m of this intersection which
was sent for whole rock analysis. Most of the preceding 124.9 meters of
drill core were weakly mineralized and returned anomalous Cu values,
and patches of mineralization continue to occur until the end of the
hole at 218.7m.
DDH 94-10 reportedly intersected 0.19% Cu over a drilled width of
77.8m. DDH 08-1 was drilled at a 45 degree angle across DDH 94-10
(which was vertical) and encountered 0.1% Cu over a drilled width of
45.1m (72.9m to 114.0m). DDH 08-1b was drilled at the same location as
DDH 08-1 (but vertically instead of at 45 degrees) due to poor recovery
in the first part of 08-1. The hole was 44.1m long and returned 0.17%
Cu over a drilled width of 19.7m.
DDH 08-3 was drilled 50 m from DDH 08-1, between DDH 08-1 and DDH
08-2. Patchy, lower grade, mineralization was encountered from 36.4m
to165.1m, notably 0.13% Cu over a drilled width of 15.1m.
DDH 08-4 was drilled 135m from DDH 08-2, between DDH 08-2 and 08-6, and encountered no mineralization.
A summary of the mineralized intersections assayed are as follows:
|
DDH |
Interval (m) |
drilled width (m) |
Cu % |
|
08-1 |
72.9 - 114.0 |
45.1 |
0.1 |
|
08-1b |
7.5 - 32.2 |
19.7 |
0.17 |
|
08-2 |
21.7 - 75.3 |
59.6 |
0.16 |
|
08-2 |
33.7 - 45.7 |
12 |
0.29 |
|
08-3 |
88.3 - 103.4 |
15.1 |
0.13 |
|
08-5 |
145.2 - 169.6 |
24.4 |
0.15* |
|
08-6 |
42.8 - 119.2 |
76.4 |
0.21** |
|
|
|
|
|
|
*assays for 1.3m of this interval have not yet been received |
|
**assays for 5.1m of this interval have not yet been received |
The Company is very pleased with
the 1st round of drilling as preliminary results provide favourable
geological indicators for a substantial mineral bearing porphyry system.
The information contained in this document has been reviewed by
Laurence Sookochoff, P. Eng. The company’s Qualified Person for the
Babine Lake project as defined by National Instrument 43-101.
Kenrich-Eskay has agreed to grant new stock incentive options to
certain directors, executive officers and consultants of the company
under the company's rolling stock option plan granting to such
optionees the right to purchase up to a total of 250,000 common shares
at a price of $0.25 cents per share for a two-year period until August
5, 2010.
On behalf of the Board of Directors of Kenrich-Eskay Mining Corporation.
“Wally E. Boguski”, President, CEO, Director
