SHELTERED OAK RESOURCES CORP. PHASE 5 DRILLING PROGRAM'S FINAL RESULTS
29 Novembre 2010 - 3:30PM
PR Newswire (Canada)
TORONTO, Nov. 29 /CNW/ -- Trading Symbol: TSX-V OAK TORONTO, Nov.
29 /CNW/ - Sheltered Oak Resources Corp. ("OAK") (TSXV:OAK) today
announced the remaining gold assay results from its Phase 5 drill
program conducted this year at the Kerrs Gold Property, located on
the western shore of Lake Abitibi, northeast of Matheson, Ontario.
Fifteen drill holes were completed totaling 5,944 metres. Phase 5
was designed to complete in-fill drilling of the Kerrs quartz
carbonate breccia deposit from sections 600N to 1500N. The prime
objective of this program is to complete a NI 43-101 resource
estimate. Drill holes K-10-33, -34, -39, -41, -42, and -43, were
positioned at 50 metre to 100 metre intervals from section 600N to
section 1100N to test the down-dip strike extent under Bell
Lake. Drill holes K-10-30, -31, -32, -32A, -35, -36, -37 and
-38 were positioned at 100 metre intervals filling in drill section
fences from 1200N to 1600N. JJ Elkin, President and CEO,
commented, "The Phase 5 drilling campaign has confirmed that
the gold enrichment occurs in sheeted, pyritic quartz vein breccias
zones conforming to a trough structure developed along the fold
axis over a 700 metre length and have lateral down-dip extensions
up to 350 metre. Gold mineralization occurs as
pyritized quartz vein breccias enveloped by quartz fuchsite
carbonate vein breccias and alteration envelopes varying in
thickness from 6 metres to 40 metres." He continued, "Now that we
have all the drill results from this drilling program, we expect to
be able to complete the resource estimate. We expect the
preliminary results before the end of this calendar
year." ______________________________________________ |
| Drill | | | | | |Hole |Section|From (m)|To(m)|Metres|g/t Au|
|_________|_______|________|_____|______|______| |K-10-34 | 800N|
387.9|388.8| 0.9| 4.62|
|_________|_______|________|_____|______|______| |K-10-35 | 1400N|
324.0|354.5| 30.5| 0.97| |Including| | 324.0|328.0| 4.0| 2.99|
|Including| | 343.0|348.5| 5.5| 2.76|
|_________|_______|________|_____|______|______| |K-10-36 | 1400N|
300.8|307.4| 6.6| 0.85| |including| | 303.9|305.2| 1.3| 1.61|
|_________|_______|________|_____|______|______| |K-10-37 | 1500N|
348.2|364.8| 16.6| 2.01| |including| | 348.2|353.0| 4.8| 3.54|
|_________|_______|________|_____|______|______| |K-10-38 | 1500N|
314.8|318.3| 3.5| 1.06|
|_________|_______|________|_____|______|______| |K-10-40 | 900N|
317.3|319.3| 2.0| 3.78|
|_________|_______|________|_____|______|______| |K-10-41 | 1000N|
407.5| 411| 3.5| 4.43|
|_________|_______|________|_____|______|______| |K-10-43 | 1000N|
276| 279| 3.0| 1.08|
|_________|_______|________|_____|______|______| * All
intervals are represented as down-hole core lengths. True widths
are estimated at 70% to 85% of core length Drill results for
holes K-10- 30, -32, -39 and -42, as previously announced on
October 5, 2010:
____________________________________________________ | Hole |Drill
Section|From (m)|To(m)|Metres|Au g/t|
|_________|_____________|________|_____|______|______| |K-10-30 |
1300N| 410.0|412.0| 2.0| 3.01|
|_________|_____________|________|_____|______|______| |K-10-32 |
1300N| 358.0|359.5| 1.5| 3.23|
|_________|_____________|________|_____|______|______| |K-10-39 |
1100N| 390.0|392.0| 2.0| 2.10|
|_________|_____________|________|_____|______|______| |K-10-42 |
900N| 380.1|387.6| 6.5| 3.84| |including| | 384.6|386.6| 2.0| 7.34|
|_________|_____________|________|_____|______|______| A 3D
geological model defined by 27 holes, illustrates that the Kerrs
quartz carbonate breccia deposit is stratabound occurring at the
contact of a thick mafic pillow flow sequence overlying an
ultramafic, magnetic flow sequence. Also, quartz feldspar porphyry
sills are spatially located above and below the breccia zones. This
stratigraphy is draped on a shallow dipping synclinal fold
structure trending in a northeasterly direction towards Abitibi
Lake. The drill hole density has been systematic in all five
drilling campaigns maintaining a 100 metre drill fence spacing with
hole spacing ranging from 50 to 100 metres between piercement
points along the cross-section plane. The 3D model is currently
being updated to incorporate the results of the phase 5 drilling
program. Gold mineralization occurs as pyritized quartz vein
breccias enveloped by quartz fuchsite carbonate vein breccias and
alteration envelopes varying in thickness from 6 to 40
metres. Gold tenure is proportional to the pyrite content
ranging up to 10% which is commonly disseminated and crystal
aggregates in the sheeted, quartz vein replacement breccias.
Anomalous concentrations of trace elements such as molybdenum, lead
and barium are found within the replacement breccias and to a
lesser extent in the green carbonate breccias which envelope the
quartz-pyritic vein breccias. Kerrs Property: Future Exploration
The Kerrs Deposit remains open to the northeast, as well as to the
southwest. Future exploration drilling is recommended to
follow up on the intersections found in holes K-10-35, -37 and
-42. Quality Assurance and Quality Control The Phase 5
diamond drilling program involving geological core logging,
sampling and assaying tasks, was supervised by Peter Hubacheck,
P.Geo. (APGO) on behalf of Hubacheck Consulting Geologists (HCG),
affiliated with W.A. Hubacheck Consultants Ltd.
Peter Hubacheck is a Qualified Person as defined by NI43-101 and
has reviewed and authorized the geotechnical material in this news
release. Drill core processing included descriptive
logging, photographing and selection of samples for
geochemical analyses. The NQ-size core was cut in two halves
using stationary rock saws at a secure core processing
facility located on the Wahgoshig First Nations IR70 Reserve
on Abitibi Lake, Ontario. One-half of the core was delivered to the
sample preparation lab of AGAT Laboratory
in Sudbury where each 5 kg sample was crushed to 75%
passing 2mm, split to 250g and pulverized to 85% passing 75um.
These pulps were then shipped to AGAT Laboratory
in Mississauga, Ontario for analyses. The gold assaying method
uses a standard Fire Assay with AAS finish on a 50-gram
pulp material taken from a 250g split from the submitted
sample. Each pulp was also analysed for 43 trace elements
using Aqua Regia Digest with ICP-OES finish. In addition, specific
gravity determinations for each pulp employed the pychnometer
method. Commercially prepared standards and blanks were
inserted by the project QP every 10 samples to insure precision of
the results. AGAT labs performed duplicate analyses every
10 sample pulps to ensure internal lab quality control. There are
71,387,235 issued and outstanding common shares of Sheltered Oak
Resources Corp. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This release was prepared by Management
of OAK who takes full responsibility for its contents.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
Some statements contained in this release are forward-looking and,
therefore, involve uncertainties or risks that could cause actual
results to differ materially. Such forward-looking statements
include comments regarding the expectation and timing of the
first mineral resource estimate. Factors that could cause
delays in the computation of the resource estimate include:
obtaining first order survey control on drill hole collars,
verifying and validating the geological and assay database,
availability of independent Qualified Persons to execute geometric
polygonal and geostatistical estimation methods and approvals from
regulatory agencies during the NI 43-101 review process
in advance of public disclosure. OAK disclaims any obligation
to update forward-looking statements unless required by law. table
border="1" class="cnwBorderedTable" cellspacing="0"tr
valign="top"td valign="top" align="center"bSheltered Oak Resources
Corp./bbr/ J.J. Elkinbr/ President and CEObr/ (E)a
href="mailto:jj@shelteredoak.com"jj@shelteredoak.com/a /td td
valign="top" align="center"bSheltered Oak Resources Corp/b.br/ Art
Hampsonbr/ Chief Financial Officerbr/ (T)905 827 5414br/ (F)905 847
9575br/ (E)a
href="mailto:ahampson@shelteredoak.com"ahampson@shelteredoak.com/a/td
td valign="top" align="center"bCHF Investor Relations/bbr/ Jeanny
Sobr/ Director of Operationsbr/ (T)416 868 1079 ext. 225br/ (F)416
868 6198br/ (E)a
href="mailto:jeanny@chfir.com"jeanny@chfir.com/a/td td valign="top"
align="center"bCHF Investor Relations/bbr/ Chris Haldanebr/ Account
Managerbr/ (T)416 868 1079 ext. 237br/ (F)416 868 6198br/ (E)a
href="mailto:chris@chfir.com"chris@chfir.com/a/td/tr/table
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