Gravity West Resumes Drilling New Drake Hill Copper-Nickel-PGE Discovery at Voltaire Lake
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VANCOUVER, BRITISH COLUMBIA, Jan 22 (MARKET WIRE) --
Livio Susin, president of Gravity West Mining Corp. (TSX VENTURE: GRW)
is pleased to announce that diamond drilling has resumed on the company's
Voltaire Lake property, 150 kilometres north of Thunder Bay, Ontario.
Drilling was suspended in December for a midwinter break. At that point,
hole VL07-10 was at a depth of 354 metres. This hole, the last of a
series of holes designed to test the Black Sturgeon fault, will be
completed to its target depth of approximately 400 metres before the
drill is moved back to the "Drake Hill" area, where massive and
disseminated sulphide mineralization with nickel-copper and palladium
values was intersected in holes VL07-03A, -04 and -05 (see news release
of January 16th, 2008).
The Voltaire Lake property comprises 54,000 acres in the western part of
the Sibley basin. It covers a 35-kilometre length of the Garden Lake
greenstone belt, which is completely covered by Sibley sediments and
diabase sills, and (at its west end) by heavy overburden. It has never
been seen, and has only minimally been explored for the mineralization it
might contain. The Drake Hill nickel-copper-palladium discovery is the
result of three of the first six diamond drill holes into this "hidden"
greenstone belt. Hole VL07-03A is the only hole so far to test the
700-metre long conductor that reflects the massive sulphide zone
containing the nickel-copper mineralization in hole VL07-03A.
The Drake Hill area contains 33 separate airborne conductors, with an
aggregate length of about 12 kilometres, as well as three magnetic
anomalies. The palladium-bearing drill intersection in DDH VL07-03A (1.22
grams/tonne Pd over 1.00 metre core length) was in a pyroxenite phase of
a mafic to ultramafic intrusion at the edge of one of these magnetic
anomalies, which measures approximately 1,000 by 750 metres.
A 3,000 metre diamond drilling program is planned for the Drake Hill
area. Drill holes will be targeted to delineate and better define the
extent of the mineralized zone intersected in DDH 07-3A, and will
initially be guided by the airborne VTEM(R) survey results. As the
program progresses, targets will be refined by ground horizontal loop,
magnetic and gravity surveys to commence once the present line cutting
program is complete.
Other operators in the vicinity of the Voltaire Lake property are seeing
encouraging results from their exploration programs, with nickel-copper
discoveries giving new life to an area that had a reputation based on its
history as a gold mining district.
A new discovery of nickel mineralization by Benton Resources Corp. on its
Ruby Hill showing, announced in a news release of November 23rd, 2007,
gave assays up to 0.63% Ni. It is located 65 kilometres west of Drake
Hill, on the same belt. In the Beardmore-Geraldton belt, which is
essentially an eastward extension of the Garden Lake belt, with most of
the intervening area covered by Lake Nipigon, Kodiak Exploration Ltd. has
made a new nickel-copper discovery on its Sleeping Giant property (news
release, January 8th, 2008) and Sage Gold Inc. is expanding its Jacobus
nickel-copper deposit (news release, January 18th, 2008). These projects
are 105 km and 100 km respectively from Drake Hill.
About the Sibley Basin
The Voltaire Lake property in the Sibley Basin is primarily a uranium
exploration project, focussed on searching for uranium mineralization at
the unconformity where the Proterozoic-age Sibley sediments rest on the
older Archean basement rocks. Unconformity-related uranium deposits in
the Athabasca basin of Saskatchewan and the Kombolgie basin of northern
Australia are often extremely high grade and account for a large
proportion of the world's uranium reserves.
Exploration for unconformity-type uranium involves identifying basement
rock units that are chemical traps for uranium, as well as structures
that can act as conduits for mineralizing solutions. In the Sibley basin,
the favourable basement rocks are in the Archean greenstone belts, that
contain graphite, sulphides and magnetite. Archean greenstone belts have
proven to be prolific sources of gold, base metals
(copper-zinc-gold-silver) and nickel-copper-PGE's. So as an added bonus,
exploring for uranium in the Sibley basin gives the chance of discovering
any of these other types of mineral deposit.
Technical information in this news release has been reviewed by Derrick
Strickland, P.Geo., a director of the company and a Qualified Person as
defined in NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
Livio Susin, President and Director
TSX Venture Exchange has in no way passed
upon the merits of these contents and has neither approved nor
disapproved of the content of this news release. The TSX Venture Exchange
does not accept responsibility for the adequacy or accuracy of this
release.
Contacts:
Gravity West Mining Corp.
Livio Susin
President & Director
(604) 687-6875
Email: livio@telus.net
Website: www.gravitywestmining.com
Copyright 2008, Market Wire, All rights reserved.
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