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Trenching Locates Broad Zones Of Quartz Veining
Goldsmith Property, BC
Cream Minerals Ltd.
(CMA-TSX-V) ("Cream") is pleased to announce that an excavator
trenching program is underway on its Goldsmith Property,
located near Kaslo in southeastern British Columbia. The Goldsmith Property
contains numerous historic (circa 1903), small, high--grade workings (Lucky
Jack, Bullock, Swede, Goldsmith, Gold Park and others) throughout a
3-kilometre long belt of altered volcanic and sedimentary host rocks. High--grade
gold mineralization in the workings is found in numerous quartz veins that
range up to 5 meters
in width. Also of interest on the Goldsmith Property are reported historic
gold values obtained from the altered wall rock between and adjacent to the
quartz veins. Historic geologic and promotional reports from the early
1900s expound on the amount and size of free gold within these vein
networks.
To date, Cream has obtained extremely encouraging results from rock grab
and chip samples collected from the numerous small-scale historic workings.
See the table below for some of the spectacular gold assay values from
sampling by Cream in 2003 to 2006 (previously reported). These sample
results confirm the historic reports of very high-grade gold
mineralization.
Sample
|
Location (working)
|
Type
|
Au (g/t)
|
Ag (g/t)
|
B2-3
|
Bullock
|
Grab
|
140.16
|
69.8
|
B4-1
|
Bullock
|
Grab
|
75.27
|
123.9
|
B4-4
|
Bullock
|
Grab � VG
|
9,901.79
|
619.5
|
JB3-B1-13
|
Bullock
|
80 cm chip
|
63.78
|
36.2
|
JB3-B2-13
|
Bullock
|
50 cm chip
|
14.33
|
2.6
|
JB3-B5-1
|
Bullock
|
150 cm chip
|
1.46
|
2.5
|
04LJ-1
|
Lucky Jack
|
100 cm chip
|
2.31
|
1.1
|
04LJ-2
|
Lucky Jack
|
17 cm chip
|
40.7
|
4.9
|
04LJ-15
|
Lucky Jack
|
200 cm chip
|
2.13
|
--
|
LJ4-1
|
Lucky Jack
|
20 cm chip
|
4.82
|
0.3
|
LJ4-2
|
Lucky Jack
|
Grab � VG
|
49.67
|
3.1
|
LJ4-3
|
Lucky Jack
|
Grab � VG
|
3,888.10
|
181.6
|
04GS18-5
|
Goldsmith
|
50 cm chip
|
5.66
|
1
|
04GS19-1
|
Goldsmith
|
100 cm chip
|
2.57
|
--
|
04GS20-1
|
Goldsmith
|
40 cm chip
|
9.93
|
3.2
|
04GS20-3
|
Goldsmith
|
35 cm chip
|
27.63
|
3.6
|
04GS30-1
|
Goldsmith
|
20 cm chip
|
101.78
|
22.8
|
04GS3-1
|
Goldsmith
|
Grab
|
18.57
|
1.7
|
04GS34-1
|
Goldsmith
|
Grab
|
8.27
|
--
|
GS1-4
|
Goldsmith
|
Grab
|
36.75
|
2.3
|
GS3-2
|
Goldsmith
|
Grab
|
13.83
|
6.2
|
CK-1
|
Crown King
|
Grab
|
9.19
|
45
|
04OP-2
|
Ophir
|
Grab
|
4.36
|
--
|
04TEL-3
|
Telluride
|
Grab � VG
|
135.45
|
15.7
|
BH-10
|
Big Hope
|
200 cm chip
|
0.87
|
143.2
|
The historic workings are located within a strong, greater than 2-kilometre
long, gold soil geochemical anomaly. The soil anomaly is strongest in the
area of the historic Bullock and Goldsmith workings (see sketch) and is in
the area tested with the current trenching program. The historic Bullock
workings consist of 4 adits and numerous small shafts, pits, and trenches,
while the Goldsmith workings consist of 3 adits, again accompanied by
numerous small pits, shafts and trenches.
At the Bullock area, a 134
metre long trench was put in to cross the area of
quartz veining between adits 3 and 4. This trench encountered 48 (generally
sub-parallel) quartz veins ranging in width from a few centimetres to 2 metres. The quartz
veins were chip sampled, as was the intervening wall rock for the entire
length of this trench.
At the Goldsmith workings, a second, long cross-sectional trench was put in
to cross the stratigraphy and encountered nine separate quartz veins. A
well-mineralized (galena, pyrrhotite, chalcopyrite, arsenopyrite) vein,
that ranged in true width from 30 to 400 centimetres
was exposed for a length of 64 metres and chip sampled every 2 metres along its
strike in order to determine the average grade for this vein. Also, an
additional two short trenches were put in and chip sampled, 250 metres away from
this long trench at Goldsmith, to better expose veins which previously
returned good gold values from grab samples collected in 2006.
A total of 162 chip samples have now been submitted to ACME Laboratory Ltd.
in Vancouver for assay. Results are expected in about 4 weeks. A follow-up
trenching and diamond drilling program has been permitted and is planned to
resume once assay results have been received, weather permitting.
Linda Dandy, P.Geo., is the Company's supervisor and "Qualified
Person" for the purpose of National Instrument 43-101 and has verified
the data in this news release.
Frank A. Lang, P.Eng.
President & CEO
For further information please contact:
Investor Relations at the Lang Mining Group
Tel: (604) 687-4622 Fax: (604) 687-4212
Toll Free: 1-888-267-1400 Email: info@creamminerals.com
No regulatory authority has approved or disapproved the information
contained in this news release.
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