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RZR Razore Rock Resources Inc

0.075
0.00 (0.00%)
27 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Razore Rock Resources Inc CSE:RZR CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.075 0.075 0.20 0 01:00:00

Razore Rock Completes Total Field Magnetic Survey of Duff Claims Property

29/12/2011 4:17pm

Marketwired Canada


Razore Rock Resources Inc. ("Razore" or the "Company") (CNSX:RZR) is pleased to
announce that a total field magnetic survey was completed across the entire
claim block of the Duff Claims Property using a compass paced, flagged and
GPS-controlled grid. A total of 122 kilometres was surveyed by EXSICS
Exploration Limited of Timmins (Ontario).


The property is located 33 km east-northeast from the mining community of Flin
Flon, Manitoba, near the central portion of the Flin Flon - Snow Lake volcanic
belt. The belt stretches from Amisk Lake (Saskatchewan) to Wekusko Lake, east of
Snow Lake, Manitoba and is renowned for base metal massive sulphide-type
mineralization accompanied by significant precious metal credits.


Magnetic Survey Results

The most predominant magnetic feature outlined on the grid is a large area
consisting of both magnetic highs and lows. This magnetic feature is likely an
iron-rich rock thought to be part of the northwest segment of a large fold
structure centered in Naosap Lake and extending into the southwest corner of the
claim group. The area of the magnetic high is part of a large U-shaped, south
verging magnetic anomaly which may represent a gabbro intrusion. Magnetic
gabbroic units are present in the area to the northwest of the property. The
second most predominant feature is a magnetic low interpreted to be the
geophysical signature of the Sourdough Fault structure. These two features are
considered to be high priority target areas for further exploration.


Razore Rock is planning detailed geological mapping and prospecting, Mobile
Metal Ions soil geochemistry and Induced Polarization surveys. The integrated
results of these surveys will focus diamond drilling.


Historic Exploration

The results of historic exploration, including diamond drilling, in areas
immediately adjacent to the Duff Claims have documented the presence of gold
mineralization in association with sulphide minerals and related alteration.
Esso Minerals drilling in the 1980s intersected visible gold in the area of the
Duff Claims in association with up to 5% pyrite, minor pyrrhotite, galena,
chalcopyrite and trace arsenopyrite. This mineralization occurred within a
multi-deformational, multi-episodic quartz injected, brittle-ductile deformation
zone. Alteration associated with the high-grade gold consisted of
silicification, biotitization, and quartz veins, but lacked significant
carbonatization. This alteration is similar to that associated with elevated
gold values intersected by Esso's 1988 drilling along the Sourdough Bay Fault.
Grab and chip samples along this Fault assayed up to 3.48 oz/ton Au and points
to the potential for high-grade gold mineralization in the Duff Claims
environment.


The information in this news release has been reviewed and approved by Mark
Fedikow, P.Eng. P.Geo. C.P.G., a Qualified Person in accordance with the
Canadian regulatory requirements as set out in NI43-101.


Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements which
involve known and unknown risks and uncertainties. Without limitation,
statements regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward looking
statements that involve various risks. The following are important factors that
could cause the Company's actual results to differ materially from those
expressed or implied by such forward looking statements: changes in the world
wide price of mineral commodities, general market conditions, risks inherent in
mineral exploration, risks associated with development, construction and mining
operations, the uncertainty of future profitability and the uncertainty of
access to additional capital. There can be no assurance that forward-looking
statements will prove to be accurate as actual results and future events may
differ materially from those anticipated in such statements. Razore undertakes
no obligation to update such forward-looking statements if circumstances or
management's estimates or opinions should change. The reader is cautioned not to
place undue reliance on such forward-looking statements.


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