Comment on DRILL TEST Airborne EM TARGETS IN THE ALLEN LAKE AREA by AP

AP — Wed, 13 Mar 2013 14:49:35 +0000

Canadian Platinum Corp. (“CPC” or the “Company”) (TSX VENTURE:CPC) is pleased to announce the preliminary results of the recently completed Allen Lake Drill drilling program. The program tested two DPEM/VTEM anomalies associated with the Allen Lake Magnetic anomaly with two drill holes totaling 690.3 m.
Drill Hole Koop1 (total length 243 m) tested a week DPEM/VTEM anomaly on the southern flank of the Allen Lake Magnetic Anomaly intersecting 243 m of fine to medium grained massive gabbro with an estimated magnetite content of 15%. No sulphides were identified in the preliminary drill log.
Drill Hole Koop 2 tested the eastern VTEM anomaly which had an estimated depth to top of 300 m. The drill hole intersected a thick section of massive gabbro which included a 7.1 m intercept containing trace to 0.5 % pyrrhotite and trace chalcopyrite. An abbreviated drill log of the hole (total length 447.3 m) follows:
0 – 18 m Overburden
18 – 206.3 m Gabbro – trace to 15% magnetite
206.3 – 213.4 m Gabbro – trace to 0.5% disseminated pyrrhotite plus trace chalcopyrite
213.4 – 214m Gabbro
214 – 447.3 m Granite
The drill core has been transported to the company’s facility in La Ronge and will be logged in detail and sampled with mineralized intercepts sent for base and precious metal analysis.

Comments for Exploration Geophysics

Comment on DRILL TEST Airborne EM TARGETS IN THE ALLEN LAKE AREA by AP

Comment on Airborne and borehole geophysics in Greenland by AP