News Releases
November 27, 2006
E-Energy Cuts High Grades In First Drill Holes On The Rivard Gold Property At Red Lake
E-Energy Ventures Inc. ("the Company") announces the results of the first two
diamond drill holes on its Rivard gold property in the Red Lake mining camp of
northwestern Ontario. Assays of up to 50.18 grams of gold per tonne were
returned from gold-bearing quartz veins.
The two holes were the first of four drilled to test the downward
continuation of gold-bearing quartz veins and stringers under the "VG Pit",
where small-scale hand mining was carried out by the late O'Brien Rivard in the
1980s. Each hole cut multiple narrow quartz stringers, several of which carried
fine to coarse free gold. The higher assay results are summarized in the
following table:
|
Hole No. |
From (m) |
To (m) |
Core
Length (m) |
Gold
(g/T) |
|
EE06-01
and |
44.70
68.30 |
45.10
68.60 |
0.40
0.30 |
11.86
36.13 |
|
EE06-02
includes
and
includes |
30.90
31.20
53.50
53.50 |
31.90
31.50
56.30
53.80 |
1.00
0.30
2.80
0.30 |
15.15
50.18
3.48
26.44 |
The vein system tested by these drill holes occurs in heavily altered
ultramafic rocks and intrusive porphyries adjacent to an unconformity where
these rocks are overlain by younger Archean sedimentary rocks. The vein system
cuts through an area of complex folding, which is believed to have played a
role in localizing the mineralization. The high grades and erratic distribution
of free gold are typical of gold deposits in the Red Lake area, such as the
Campbell and Red Lake mines of Goldcorp Inc.
Seven other drill holes have now been completed, testing the vein system over a
length of 100 metres. Further assay results will be released as they are
received.
Sampling Protocol: core samples for assay were cut with a diamond saw and sent
for assay at Accurassay Laboratories in Thunder Bay, Ontario (ISO 17025
certified). Analyses were done using fire assay methods on 30-gram splits.
Samples containing visible gold were assayed directly by pulps+metallics
methods.
Technical information in this news release has been prepared and/or reviewed by
Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined in NI 43-101.
On behalf of the Board of Directors
Simon Tam
Director
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED
OF THE CONTENTS HEREIN.
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