Knight Resources Ltd.: Knight Reports Preliminary Results from West Raglan 2010 Program
2010年10月5日 - 8:54AM
Marketwired
Mr. Harvey Keats, Chief Executive Officer of Knight Resources Ltd.
(TSX VENTURE: KNP)(FRANKFURT: KRL), reports preliminary results
from drilling completed in 2010 on the West Raglan Project. The
drill program was focused on investigating targets along the Raglan
trend and within the Povungnituk Group with the objective of
confirming the presence of ultramafic rock and to investigate
potential for nickel, copper and PGE - bearing magmatic sulphide
mineralization. In conjunction with drilling, surface work,
comprised of geophysics, mapping and prospecting, was conducted
with the objective of identifying targets for possible future
drilling.
The 2010 summer program has been completed with 21 diamond drill
holes totaling 4998 metres drilled during this program. This press
release provides preliminary descriptive results of the drilling.
Assay results are pending for all samples.
Ultramafic rocks were intersected in 19 of 21 drill holes.
Sulphide mineralization, where present within ultramafic rocks, was
generally described as weakly disseminated and patchy.
Mineralization of this nature was intersected in Terrace, Green
Zone, CDC and Rain Day areas.
Drilling in the CDC Southeast (4 drill holes) intersected
unmineralized ultramafic rocks, while two holes drilled in the CDC
trend encountered very weakly mineralized ultramafic rocks. Nine
holes were drilled into the laterally extensive Terrace trend where
all holes intersected ultramafic rocks and three drill holes
returned weak "shows" of sulphide mineralization within the
ultramafic rocks. Two holes were completed in the Green Zone area
immediately west of the Frontier mineralized trend. Both holes
intersected weakly mineralized ultramafic rocks and one hole
(WR-10-189) intersected massive sulphides in the basalts which
overlay the ultramafic rocks. Drilling was also conducted in the
Rain Day area with 2 holes completed. Both drill holes intersected
weakly mineralized ultramafic rock. Two diamond drill holes were
completed on separate green field targets in the Povungnituk group.
These holes did not intersect ultramafic rocks.
The attached Table 1 provides descriptive results of the 2010
drilling on the West Raglan Project. Further technical data,
including maps can be found on the Company's web site at
www.Knightresources.ca.
Project Overview
The West Raglan Project is a joint venture between Anglo
American Exploration (Canada) Ltd. ("AAEC") (51%) and Knight (49%).
The West Raglan Project, Quebec covers over 710 sq. km and includes
approximately 65 kilometres of the Raglan Horizon along which
extensive ultramafic rocks typically occur.
AAEC is the operator of the West Raglan Project and is
responsible for the sampling, submittal of samples for assay and
QA/QC. Samples were cut on site and standards and blanks were added
to each sample batch under supervision of AAEC staff. Robin Adair,
VP of Exploration for Knight Resources Ltd., is the Qualified
Person responsible for the technical information in this news
release.
ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.
Harvey Keats, CEO
To view "Table 1: Summary of 2010 Results", please visit the
following link: http://media3.marketwire.com/docs/knp_tbl.pdf.
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 news release.
Contacts: Knight Resources Ltd. Andrea Magee (604) 684-6535
(604) 602-9311 (FAX) knight@bed-rock.com www.knightresources.ca
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