Pro Minerals Inc.: Disco (Discovery) Lake Project-Exploration Program Update
April 07 2010 - 2:55PM
Marketwired
Pro Minerals Inc. (TSX VENTURE: PRM) and its Board of Directors are
pleased to announce that the Company has now completed the first
phase of exploration on its Disco (Discovery) Lake VMS Project, and
initiated Phase 2 ahead of schedule. The Phase 1 program consisted
of line cutting, borehole and surface geophysical surveys. All
geophysical components of these programs are being carried out by
Crone Geophysics & Exploration Ltd. The company will continue
with geophysics into the second phase of exploration, and this work
will also consist of borehole and surface geophysical surveying.
Results from the initial geophysical program are expected shortly
and the company will make a news release to report on the results
once received. This winter's atypically warm weather in the Disco
Lake region has given Pro the opportunity to move straight into
Phase 2, which will consist mainly of prospecting and sampling of
existing showings in order to prepare for a follow-up drill
program.
The Disco (Discovery) Lake Project is located in the East Uchi -
Petawanga Lake area of Ontario, Canada. It consists of 34 claims,
or 11,944 Acres, spanning roughly 16.2 kilometers North to South
and 12.4 kilometres East to West. The primary target commodities
are copper, zinc, gold and silver. Located a relatively short
distance from the renowned James Bay Lowlands/Ring of Fire region,
the Disco Lake Project represents an opportunity to open up a brand
new region for poly-metallic VMS discoveries of merit.
The Disco Lake Project covers several volcanogenic base metal
massive sulphide (VMS) prospects with high potential for
significant gold and silver credits. Previous exploration carried
out by Falconbridge in 1990 generated drilling targets from
airborne and ground electromagnetic and magnetic surveying,
geological mapping, trenching and sampling. Noranda Mining and
Exploration flew an airborne E.M. survey covering the South Main
area in 1995. Pro Minerals has obtained all digital data of the
above which was completed by Falconbridge and Noranda Exploration
in the 90's. Base metal (Cu & Zn) values are significant with
precious metal mineralization also highly anomalous, with silver
values ranging from tens to hundreds of grams per ton and gold
assays to 2 grams per ton. Seven significant zones of
mineralization were outlined of which 5 were drill tested to a
maximum depth of 150 meters. Though only a limited amount of
drilling has ever been undertaken, Mineralization in the drilled
occurrences remains open along strike and down dip. All drill holes
have been capped and identified in the field. All drill core from
both the Falconbridge and Noranda Drill campaigns is stored at
Disco Lake and Auger Lake.
Mineralization to date appears to be remobilized due to
metamorphism suggesting the main lenses of sulphide accumulation
have not yet been encountered. The Mineralization occurs as pods
and fracture controlled stringers of chalcopyrite and sphalerite.
Strong Hydrothermal alteration consisting of an assemblage varying
from garnet-amphibole to anthophyllite-garnet-sericite-cordierite
is present in all mineralized occurrences. Alteration indices
commonly used by the exploration industry, notably the Ishikawa,
Na2O, depletion, chlorite and ACNK derived from whole rock and
trace element geochemistry confirm the alteration is hydrothermal
in origin. Plotting of the alteration data indicates most of the
previous drilling was targeted towards the weaker areas of
alteration. Broad areas of strong alteration remain untested. The
known base metal occurrences have characteristics of typical VMS
deposits in terms of mineralogy, associated hydrothermal alteration
and geophysical signatures. The alteration zones are enriched in
copper and zinc (ppm to % levels) and vary from stringer style to
pipe or lense styles. Precious metal Mineralization is also highly
anomalous with silver values ranging from tens to hundreds of grams
per ton and gold assays to 2 grams per ton. None of the previous
exploration companies on the property assayed for gold in any
systematic manner. Entire drill holes were never assayed for gold
and gold intersections that were obtained received no follow-up
work. In addition geophysical anomalies with base metal type
signatures are present along strike from the known occurrences and
remain to be drill tested.
ON BEHALF OF THE BOARD OF DIRECTORS OF PRO MINERALS INC.
Adrian O'Brien - President/COO
Please visit our website at http://www.promineralsinc.com or
e-mail us at info@promineralsinc.com, to be added to the Company's
e-mail list for press releases and updates.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Pro Minerals Inc. Adrian Bakker 1-800-663-8990 or
604-683-8990 604-683-8903 (FAX) info@promineralsinc.com
www.promineralsinc.com Renmark Financial Communications Inc. Barry
Mire bmire@renmarkfinancial.com Renmark Financial Communications
Inc. Barbara Komorowski (514) 939-3989 or (416) 644-2020
bkomorowski@renmarkfinancial.com www.renmarkfinancial.com
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