BRITISH COLUMBIA – CROSS LAKE MINERALS of Vancouver reports intersecting bonanza gold grades – 54.3 g/t Au over 3.4 m – at its Porcher Island property 35 km southwest of Prince Rupert. The assay came from hole CL-07-29 at about 205 m below surface. The same hole returned 31.1 g/t Au over 1.2 m (60 m deep) and 10.9 g/t Au over 5.0 m (190 m deep).
From 1975 to 1988, extensive exploration of Porcher Island by other owners resulted in an historical estimate for the AT zone of 565,000 t with a cut and diluted grade of 6.9 g/t Au over a mining width of 3.3 m. Cross Lake has not yet made a determination of the accuracy of these figures.
The 2007 drilling has expanded the known areas of gold mineralization within the AT zone and resulted in the discovery of the Cedar Vein zone. A wider surface exploration program in underway, and further technical studies are planned, including a scoping study.
Cross Lake has posted an excellent gallery of photos from Porcher Island at www.CrossLakeMinerals.com.