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BCK Blind Creek Resources Ltd

0.095
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Blind Creek Resources Ltd TSXV:BCK TSX Venture 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% 0.095 0.095 0.10 0 01:00:00

Blind Creek Resources Ltd. Exploration Update: Table Mountain & Dominion Creek Projects in Atlin Gold Camp, B.C. and Keno Sil...

17/07/2012 1:00pm

Marketwired Canada


Blind Creek Resources Ltd. (TSX VENTURE:BCK) ("the Company" or "Blind Creek")
reports that the Blind Creek exploration team is finding visible mineralization
on Table Mountain in the Atlin-Tagish region, 15-20 km Northwest of the historic
Atlin Gold Camp in Northwest British Columbia, and 43 kilometres south of the
Yukon border. Since 1910 and the initiation of Minfiles, Table Mountain records
show almost no mineral exploration activity. 


Scattered over an area of 4 square kilometres, the Blind Creek team has now
found a zone of individual gossans in addition to two undocumented adits within
very steep cliff faces and gullies on Table Mountain. The first adit intersects
a composite quartz vein system 50 cm wide at approximately 350 metres above
Graham Inlet, and the second adit is located in a gossan zone approximately
1,000 metres to the northeast. These adits are estimated at 110 years old.


The first adit intersects an east-west striking composite quartz vein dipping
steeply north into Table Mountain, and is part of a geochemical anomaly found in
2011 by the Blind Creek team. This composite quartz vein is visible for 10
metres before covered either by talus at one end and tapering out at the other
end; visible mineralization consists of strongly pervasive malachite, associated
azurite, strongly disseminated galena, disseminated chalcopyrite and a lesser
mineral identified as sphalerite. Down slope towards Graham Inlet trains of
similar mineralized float rock are traceable for 350 metres. The second adit
hosts lesser malachite staining. Generally, but not always, precious metals are
associated with similar galena-sphalerite-chalcopyrite-malachite-azurite
mineralization in the Atlin-Tagish Lake region.


Based on 2011 geochemical surveys, other geochemical anomalies are yet to be
explored, in addition to other gossan zones. Immediate pending soil surveys on
the summit of Table Mountain, an area of 9 square kilometres will hopefully
identify additional areas of mineralization. 


Eighty soil samples, forty-two mineralized rock samples, and two pan concentrate
samples from Table Mountain will be delivered to a Whitehorse prep-laboratory by
16th July. 


Elsewhere in the Atlin camp, results from a Blind Creek magnetometer survey
initiated in April 2012, suggest previous drilled gold bearing geology on
Dominion Creek, but it has not been traced on Blind Creek's property and is as
yet undrilled on the Company's tenures. This magnetometer survey will be
followed-up this fall and winter to enhance future Blind Creek drilling target
selection. Dominion Creek is adjacent and leads into Spruce Creek, historically
one of the richest placer creeks in British Columbia, therefore Dominion Creek
geology has long been suspect as a potential source to Spruce Creek gold
placers.


Within the Yukon Carlin Trend and Keno Silver projects near Mayo, Yukon,
analytical results from June 2012 submitted samples have not been encouraging.
Analyses from Blende-Ocelot mineralized chalcopyrite rock samples in addition to
soil samples collected in June 2012 are still pending.


The Company now has an updated website with information and technical reports at
www.blindcreekresources.com. 


The technical information in this News Release has been written by Nicholas
Clive Aspinall, P.Eng., a qualified person as defined in National Instrument
43-101.


On behalf of the Board of Directors,

J. Frank Callaghan, President and CEO

This News Release contains forward-looking statements. Forward-looking
statements are statements, which relate to future events and conditions and
therefore involve inherent risks and uncertainties. These statements are only
predictions and involve known and unknown risks, uncertainties and other factors
that may cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or implied by these
forward-looking statements. While these forward-looking statements, and any
assumptions upon which they are based, are made in good faith and reflect our
current judgment regarding the direction of our industry, actual results will
almost always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested herein. Except as
required by applicable law, the Company does not intend to update any of the
forward-looking statements to conform these statements to actual results. All
phases of the Company's operations are subject to environmental regulation and
governmental approval and permits and there can be no assurance that the Company
will obtain all the requisite permits for future development. Mining is an
inherently risky business with large capital expenditures and cyclical metals
markets.


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