Upper Canyon Minerals Corp. Issues Brosnor Gold Property Update
(via Thenewswire.ca)
Vancouver, B.C. - Upper Canyon Minerals Corp. ("UCM" or the "Company") (TSX VENTURE: UCM) is pleased to report on the advancement of the field exploration program on the Company's Brosnor Property, comprised of 18 claims, totaling 922.8 hectares, located in the Louvicourt Township, approximately 30 kilometres east of the town of Val d'Or, in the province of Quebec. The Brosnor property hosts gold bearing structures, striking east-west, in which quartz-pyrite-tourmaline veins, concentrated in more competent rock units carry gold values in various amounts.
See News Release dated January 31, 2011 and March 2nd for program details.
Completion of three additional holes since the last project update on its Louvicourt property in Val d'Or, Qu?c. The 3 holes, #11-25, 26 & 27 totalling 927 meters are located to the east-south-east of the initial hole #11-23 targeting successfully a mineralized Quartz Feldspar Porphyry (QFP) horizon at the basic volcanic-ultramafic contact.
All holes have intersected the projected QFP and 2 upper mineralized zones in the volcanic/diorite at vertical depths ranging from 200 to 275m for the QFP and around vertical depths of 150 and 175m for the two other intersections. Lengths of intersections in the QFP range from 5.5 to 15.2m (hole 11-27) and in the volcanic/diorite from 2.4m up to 15m (Hole 11-26).
The mineralization in the volcanic/diorite contains 1 to 2 % Py in quartz-carbonate filling sheared zones, whereas in the QFP, the mineralization (1-2% coarse euhedral pyrite grains up to a few cm and minor tourmaline) is associated to the heavily altered (saussurized) and fractured zone at the contact with the volcanics. All three QFP intersections are mineralized throughout as compared to the first reported hole (11-23) confined to the upper contact. So far, the QFP has been intersected systematically at the volcanic-ultramafic contact confirming the basis of this current drilling investigation, that the QFP forms a marker at the inception of the ultramafic band and laterally off-set by minor cross-faults.
#11-25 is 30m East and 15m further South of #11-23. #11-26 and #11-27 are 15m apart and about 20m south of #11-25. 61 samples from #11-25 and 58 samples from #11-26 have been sent to ASL laboratory. Samples for #11-27 are being prepared.
As of Monday, March 14th, the drill was moved to site #1-28 located 15m east of #11-28 to fill in the gap from historical drilling.
The company has received preliminary maps of the geophysical survey over the Bermont zone at the western end of the property. The magnetic survey outlined clearly the ultramafic-volcanic contact along which the company's #08-16 intersected high grade gold values in quartz-carbonate veining (30.93g Au/1.63m at 25.7m, 3.66g/2.45m at 42.8m and 2.69g/0.5m at 66.5m , see Press Release 2011-03-03). This contact is continuous over 200m to the west boundary of the property. All historical drilling was to the north of that contact. As part of the current drilling program, the company has planned 3 holes to investigate the western extension of the mineralized intersection of #08-16 along this magnetic northern contact.
The IP (Induced Polarisation) identified weak conductors to the north of the Bermont, on the western extension of the Adelemont zone. The Bermont zone lies in a low, wet zone and the high conductivity of the soil is believed to have prevented any positive response of the quartz-carbonate veining close to surface. The IP anomalies will be considered for investigation in a subsequent program.
The company is very pleased with current work preliminary results and will report core assays upon reception from ALS.
Tom Thomsen, President and CEO of Upper Canyon Minerals notes that: "drilling is always an exciting stage of exploration, we are expecting our first assay results shortly".
Jean-Louis Robert, Ph.D. Geol., is a qualified person by the standards of National Instrument 43-101, he is responsible for the contents in this news release.
About Upper Canyon Minerals Corp., a growth oriented mineral-exploration resource company trading on the TSX Venture Exchange (Symbol: UCM), whose mission is the discovery and development of high quality precious and base metal resources, with a goal of advancing them into commercial production. UCM's exploration work is currently focused on the Brosner Gold property located near Val d'Or, Abitibi, in Quebec, Canada.
For additional information,
contact either Karim Rayani, email: kr@uppercanyonminerals.com or
Tom Thomsen e-mail: tthomsen@uppercanyonminerals.com
(604) 628-1767 or visit website www.uppercanyonminerals.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Tom Thomsen"
TOM THOMSEN
President & Director
Neither the 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
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