Drilling progress at Black Angel

Angus & Ross reports on the progress of its 2006 exploration programme at its Black Angel zinc-lead property in West Greenland. A total of over 1,000 m has already been drilled with 15 holes completed in the first three weeks of the current programme.  In particular 11 new holes have been drilled to test the continuity of mineralization in the area of the Ark Showing, an area where data from 12 holes drilled by previous operators already exists.

At the beginning of July the rigs were moved to the South Lakes Glacier Showing where a large outcrop was discovered last year. Samples taken from the outcrop returned up to 30% zinc and 20% lead. The zinc and lead sulphide mineralization (sphalerite and galena) continues along the strike for almost 500 m and is open at both ends (disappearing under glacial moraine). The three holes drilled to date have established that mineralization is present to at least 95 m below the surface and is open at depth. Deeper holes are planned. Bands of mineralization between 0.2m and 2m of disseminated to massive sulphides are dipping at 70° to both north and south on both sides of the fold hinge. Mineralized zones are straightforward to identify due to the high contrast between the light coloured carbonate host rock and dark brown/black sulphides. Assay results from the current drilling programme are expected later this summer.

Andrew Zemek, Chief Operating Officer of Angus & Ross, who recently returned from the drill sites commented, "The South Lakes Glacier Showing is the most promising outcrop of massive sulphides found since the original Black Angel discovery. The structure is open at depth and along strike and further drilling now underway will help to define its size. The crews have now settled into a routine operation and are achieving drilling rates of up to a 100 m/day, which gives us confidence that the 7,000 m drilling programme will be completed as planned. At the Ark Showing we are encouraged because mineralization intercepted in our drill holes correlates well with the locations of mineralization intercepted from the old Cominco holes."

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