home >> CZM news >> october 26, 2005
CZM Capital Corp. Preparing for Lorraine Mine Drill Program
Vancouver, B.C., Canada, CZM Capital Corp., (TSX.V: CZM), is pleased to announce the mobilization of drills to the Lorraine Mine Property with drilling scheduled to commence by November 1, 2005.
CZM intends to complete a program of up to 2000 meters of deep drilling and down-hole geophysics to test for high grade, vein-type gold mineralization. This mineralization was referenced in old mine records from the sixth level of the Lorraine Mine and has never been followed up: "...assays for a length of 92' averaged 1.32 ounces per ton gold, 1.19 ounces per ton silver..." Recently, numerous gold values up to a maximum of 13.8 g/t were obtained from surface samples of disseminated chalcopyrite mineralization.
The program will also test for Ni-Co-Pd sulphide bodies at depth and disseminated Cu-Au-Ag-Pt mineralization in the surrounding wall rock.
On behalf of CZM Capital Corp.,
Zachery Dingsdale
President & CEO
CZM Capital Corp. is a resource exploration company focused on the exploration and development of precious and base metal properties in Canada.
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