Prairie C
Resource Property Development
P.O. Box 54, 47 Hillview Street
Latchford, Ontario
P0J 1N0
705.672.3768 or 676.2010
EMail prairiec@ntl.sympatico.ca
WebPage: http:// www.oocities.org/prairiec
October 27, 2000
For Immediate Release
Prairie C is pleased to announce encouraging results from it’s summer exploration program on staked mining claims held in the Cobalt Mining Camp near Cobalt, Ontario. The Camp is well known for it’s 80 year history of silver/cobalt production which yielded 450 million ounces of silver and 6 million pounds of cobalt as well as significant amounts of gold and base metals. Recent discoveries of diamondiferous lamprophyre dikes and kimberlite pipes throughout Ontario and Quebec have added diamonds to the list of materials sought by Prairie C and others.
Prairie C has been engaged in an ongoing staking andexplorationprogram in this area for the past four years. Exploration for volcanogenic massive sulphides and base metal deposits of the Kidd Creek genre have been the focus of the company to date along with platinum group elements.. Airborne and ground geophysical surveys to date have produced a number of exploration targets within favourable geological settings for base metals and silver/cobalt mineralization. Follow-up sampling has produced encouraging results on those targets that were examined. The chance discovery of a number of lamprophyre dykes on Prairie C claims, similar to those found to contain diamonds in Wawa. Ontario has certainly increased the projects potential for discovery.
In addition to an option agreement with Cabo Mining Corp(CEV.CDNX), of Vancouver on approximately 6300 acres of mining claims held by Prairie C, in the Cobalt area, Prairie C holds an additional 11000 acres of contiguous properties which are available for option or purchase. Details of the work carried out on our additional claims is as follows:
Santa Maria Claim Group
“The ground geophysical surveys carried out over the southern portion of the Santa Maria property have detected numerous weak to moderate features that may represent mineralization and host structures in bedrock. Four of these have been identified as high priority targets for follow up work.”
Target A
This is considered to be a typical silver/cobalt environment featuring a Nipissing Diabase sill gently dipping below Archean metavolcanics and Cobalt Group sediments. A small granitic intrusive is featured in this area as well. The highlights of this westerly trending zone are:
- A weak magnetic low within 150 metres of the diabase contact suggesting carbonate alteration
- A strong VLF conductor coincident with the diabase/volcanic contact
- A weaker conductor, 150 metres to the north and parallel to the diabase contact is coincident with the interpreted Archean/Coleman Sediment contact
- Two narrow magnetic high features assumed to be associated with the Archean/sediment contact
- Features occur within 100 meteres vertically and 300 meters laterally of the diabase contact.
- Numerous old workings are located in this area.
Target B
- Two parallel magnetic high features trending east west and terminating at a weak northwest trending VLF-EM conductor believed to be an iron formation or other rock type within the Archean volcanics below the Coleman conglomerate.
Target C
- Two parallel magnetic highs weaker than area B, but similar, are featured
- Located within 80 metres vertically and 200 metres laterally of the diabase contact.
- A 150 metre Adit and other workings located in this area
Target D
- A 400 metre long, weak EM conductor with no associated magnetic response
- Area lies within Archean metavolcanics
Limited preliminary chip sampling of select areas has provided results up to, Au 0.04 g/t , Co 53 ppm, Cu 1077 ppm, Ni 93 ppm,Pb 124 ppm, Zn 275 ppm, Cr 263 ppm. Additional work is pending.
Mineralized Chert Zone
Preliminary sampling of an 80 foot wide chert zone visible on surface, has received limited sampling to date but has revealed some very encouraging results. Multi Element Analysis has returned values up to Au 0.09 g/t, Ag 11.4 ppm, Co 319 ppm, Cu 6069 ppm, Ni 132 ppm, Pb 3434 ppm, V 125 ppm and Zn 2695 ppm. Additional work to develop this zone is planned for later this year.
The Gossan Claim Group
Located in Concession 3 of Lorrain Twp, this claim group was initially being evaluated for precious and base metal potential. Prospecting and sampling began with an examination of an outcrop of gossan reported by Lovell and DeGrijs in Miscellaneous Paper 51, OGS. Additionally, a recent Airborne Magnetic survey conducted by the Ontario Geological Survey(Treasure Hunt) revealed a number of magnetic highs in this area Multi Element and Whole Rock analysis was performed on 21 grab/chip samples to determine base metal potential, and Gold and Platinum Group assays were also performed, returning up to the following:
Au .03 g/t, Pt .01 g/t, Pa .02 g/t, Ag 3.6 ppm, Co 44 ppm, Cu 2742 ppm, Cr 732 ppm, Ni 215 ppm,
V 222 ppm, Mg02 14%,
Closer examination of this area revealed a number of lamprophyre dykes associated with Keewatin interflow sediments and volcanics in proximity to the Algoman granite contact. These dykes appear similar to those which have produced positive results for diamonds in the Wawa, Ontario area. This claim group surrounds a northeast trending fault which runs perpendicular to the nothwest trending, Cross Lake fault. The Cross Lake Fault is a large regional structure known locally to host diamondiferous kimberlites near associated perpendicular fault structures. A recent visit to the site has yet to be reported on by the Resident Geologist for the Cobalt area. A program of limited mechanical stripping has revealed a significant number of lamprophyre dikes within a 200 metre square area which may represent a portion of a much larger target area. A detailed examination of this site is currently underway with a view to developing it’s entire potential through further stripping work and a more detailed sampling program.