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Osisko Metals Inc.
Osisko Metals Inc.
Registriert in: Kanada WKN: A2DTZC Rohstoffe:
Art: Originalaktie ISIN: CA6882741094 Gold
Silber
Kupfer
Blei
Zink
Heimatbörse: TSX Venture Alternativ: OMZNF
Währung: CAD    
Symbol: OM.V Forum:

BOWMORE Commences Standard Gold and Duverny Drill Program

14.11.2011 | 19:00 Uhr | Business Wire

BOWMORE Exploration Ltd. (BOW: TSX-V, 0B5.F: Frankfurt 'Bowmore?)
is pleased to announce the start of a Phase One 5,000 meter
diamond drill program on its Standard Gold and Duverny properties, both
located in the Abitibi region of Quebec. The objective of the first
phase of drilling will be to 1) confirm some of the historical gold
intersections in proximity to the past-producing Standard Gold mine and
2) test the host granodiorite intrusion for possible extensions to gold
mineralization along sections spaced 700 meters apart. The intrusion
defined from previous drilling and by its aeromagnetic signature, is 4.8
km long and 150 to 250 meters wide. It occurs on both properties and
hosts the Standard Gold deposit, as well as regional, intense carbonate
alteration similar to what occurs in the historical Larder lake gold
camp in Ontario.


Previous drilling around the Standard Gold mine (surface and underground
holes) indicates potential for bulk tonnage gold mineralization around
the past-producing mine and along the granodiorite intrusion. Although
only partial assays are available for most historical holes, a few were
fully analyzed and returned significant intersections. Highlights are
summarized in the following table:

Hole No.
 ?
From (m)
 ?
To (m)
 ?
Length (m)
 ?
Au g/t

 ?
232-337.0
 ?
265.4228.40.50
including79.179.80.710.30
including129.3129.90.612.10
including255.1255.70.610.90

 ?
234-14.0119.0115.00.46
including116.8107.30.512.0

 ?
234-20.0123.2123.20.48
including120.8121.40.614.4

 ?
234-410.0117.0107.00.89
including18.719.20.520.30
including74.476.01.610.80

 ?
235-40.010.010.021.47
including5.06.01.0121.70

 ?
236-616.746.830.11.81
including18.018.60.628.50
Hole No.From (m)To (m)Length (m)Au g/t

 ?
237-137.694.456.80.59

 ?
237-39.7104.394.61.16
including25.125.60.555.80
including103.8104.30.541.60

 ?
238-443.054.511.526.40
including52.254.01.8161.50

 ?
SG-2410.483.172.70.57
including23.724.10.427.43

 ?
S-3639.476.036.60.90
including75.676.00.420.23


Bowmore has not verified the assaying quality nor the validity of the
historical gold intersections reported above. However, Bowmore believes
that these results warrant disclosing and are relevant to the planning
of the upcoming drill program.


The company is in the process of obtained all necessary agreements and
permits for property access and drilling work to be done on the targeted
areas. Drilling will extend into the winter period (freeze up) to allow
access to swampy portions of the properties.

Standard Gold Property


The Standard Gold property is located in Duverny Township some 19km
northeast of the town of Amos, Quebec. It includes the Standard Gold
Mine, which operated between 1935 and 1953 producing an unreported
quantity of gold. It has been the object of historical exploration work
including much diamond drilling. Higher grade gold mineralization occurs
within a sheeted, subvertical quartz vein system trending
north-northeast with a documented minimum surface extent of 200 metres
by 200 metres and a minimum depth of 250 metres. The vein system is
hosted within intensely carbonate-altered granodiorite wallrock and
historical drilling suggests the wallrock contains low-grade gold
mineralization. The vein system sits within a brittle, regionally
carbonate-altered (ankeritic) granodiorite intrusion that extends for
about 4.8 kilometres within a regional shear zone that itself extends
for 9 kilometres onto the adjacent Duverny property to the northwest.


Bowmore has an option to acquire a 51% interest in the Standard Gold
property from Threegold Resources Inc. (THG: TSX-V) by making total cash
payments of $280,000 and incurring expenditures of $4,000,000 over a
five year period. Bowmore may acquire an additional 19% interest (total
of 70%) by incurring $6 million in exploration expenditures over an
additional five year period.

Duverny


The property is located 15 kilometres North East of the town of Amos and
has been the object of historical exploration work since the 1920′s
including diamond and reverse circulation drilling, and bulk sampling
that reported numerous gold occurrences within the property limits and
its vicinity. The property is also located in a favourable geological
setting to host low-grade, bulk tonnage gold mineralization. The
property geology is dominated by volcanic rocks and covers the edges of
the Duverny and Claverny felsic igneous plutons. The property
encompasses very large, kilometric zones of intense carbonate alteration
(ankerite) and a network of significant shear zones in proximity to the
felsic intrusions.

Mr. Paul Dumas, President and CEO of Bowmore Exploration Ltd.,
stated: 'I am pleased to see the drill program at our Standard Gold and
Duverny property underway prior to the year end. Both these properties
present a great potential for low-grade, bulk tonnage gold
mineralization. Some of these historical diamond drill holes indicate
good grades and we are hoping to expand these areas of interest.?

Jean-Marie Pronovost, P. Geo., Chief Geologist for Bowmore, is
the Qualified Person who has reviewed this news release and is
responsible for the technical information reported herein.

BOWMORE is a Canadian exploration mining company focused on
precious metal exploration in Canada and Mexico. For further information
on BOWMORE, visit 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.


Forward-looking statements:


Except for statements of historical facts, all statements in this news
release regarding, without limitation, new project acquisitions, future
plans and objectives are forward-looking statements which involve risks
and uncertainties. There can be no assurance that such statements will
prove to be accurate; Actual results and future events could differ
materially from those anticipated in such statements.

BOWMORE Exploration Ltd.

Paul A. Dumas

President & CEO

(514)
861-4441

Email:

 
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