Cogitore Resources Inc.
TSX VENTURE : WOO

Cogitore Resources Inc.

March 02, 2012 06:30 ET

Cogitore Confirms Grade and Thickness of Central Lens at the Scott Deposit

TORONTO, ONTARIO--(Marketwire - March 2, 2012) -

Editors Note: There is a map associated with this press release.

Cogitore Resources Inc. (the "Company") (TSX VENTURE:WOO) is pleased to report that three infill drill holes on the Central Lens were successful in confirming the shape and grades of the lens at least on one drill section. The program was done to confirm an interpretation of the Central Lens sector as first proposed by Roscoe Postle Associates in 2011.

"The infill holes significantly de-risk the total Scott resource estimate, which currently stands at 5.4 million tonnes at 1.2% copper 4.6% zinc 0.2g/t gold and 34g/t silver," says Company President Dr. Gerald Riverin.

One new hole and two wedge holes resulted in intercepts at roughly 15-20 metre spacings on section 1500W. Vertical depth to the sulphide intercepts ranges from 250 metres to 325 metres. Highlights are:

Hole SC-64W
From
(m)
To
(m)
Length
(m)
Cu
%
Zn
%
Au
g/t
Ag
g/t
Remarks
324.1 335.9 11.8 1.3 7.7 0.1 52 Massive sulphides with internal barren dykes
including
329.6 335.9 6.3 1.8 12.0 0.2 63 Massive sulphides
Hole SC-69W
From
(m)
To
(m)
Length
(m)
Cu
%
Zn
%
Au
g/t
Ag
g/t
Remarks
315.4 322.0 6.6 1.2 5.6 0.2 40 Massive sulphides with internal barren dykes (Upper Zone)
and
360.2 369.6 9.4 1.4 2.5 0.2 42 Massive sulphides with internal barren dykes (Lower Zone)
Hole SC-69
From
(m)
To
(m)
Length
(m)
Cu
%
Zn
%
Au
g/t
Ag
g/t
Remarks
350.1 352.9 2.8 0.4 1.8 0.1 30 Disseminated & stringer sulphides
370.5 375.8 4.4 1.4 3.3 0.1 51 Massive sulphides with internal barren dykes
461.5 465.1 3.6 0.4 3.7 0.1 196 Stringer sulphides

The general location of the infill drilling is shown on Figure 1.

To view the map of the Scott Lake Project, please visit the following link: http://www.marketwire.com/library/20120301-scottlake800.jpg.

All of the above assay intervals are weighted averages of several individual assays. The true thickness of the massive sulphides is estimated to be 95% and 100% of the core lengths. The mineralized intervals encountered are in line with the block model interpretation made by RPA in the course of the 2011 resource estimate. The currrent interpretation on Section 1500W suggests two sub-parallel east-west trending massive sulphide bodies (Upper and Lower zones), dipping about 35-50° to the north and separated by mafic intrusive rocks (dykes or sills) sub-parallel to the sulphide units. The stringer sulphides intersected at the bottom of SC-69 also confirms the block model interpretation for this portion of stringer zones.

"Central Lens massive sulphide mineralization is best developed between sections 1300W and 1500W, and is associated with the Scott Rhyolite, one of two rhyolite volcanoes associated with mineralization on the property. However, in detail massive sulphides are primarily hosted between mafic dykes or sills, which seem to have dilated or separated the massive sulphides from their original location on top of the rhyolite upwards into mafic dykes or sills. The geology is complicated by the dyking," concludes Riverin, "but the good news is that the Central Lens sulphides are elevated closer to surface during the process."

All drill core discussed in this press release was logged and marked up for assay at the Company's secure facility in Chibougamau, Quebec. Drill core for assay was split in half. Half of the core was shipped in sample bags to Laboratoire Expert Inc. of Rouyn-Noranda and ALS Chemex of Val d'Or with appropriate standards, duplicates and replicates used for quality control purposes. The other half of the core is retained for future reference.

Work is carried out by the Company's personnel, under the supervision of Gérald Riverin, PhD, P.Geo. He is a qualified person (as defined by National Instrument 43-101) and has more than 35 years of experience in VMS exploration.

Upcoming Events

Management of Cogitore Resources will be present at the 2012 PDAC in Toronto, Ontario. We look forward to meeting you at this event:

March 4-7, 2012 - Investors Exchange - Level 800 Booth # 3013

The Company has developed a strategic focus on base metal exploration in prospective areas that also feature infrastructure favourable for mining development. Accordingly, it will focus its work in the Abitibi Belt of Quebec and Ontario.

Caution Regarding Forward-Looking Information

This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this news release, include, but are not limited to, economic performance and future plans and objectives of the Company. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Cogitore believes that the assumptions and factors used in making the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this new release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. Cogitore disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Cogitore Resources Inc.
    Gerald Riverin
    President & CEO
    819-764-6666

    Cogitore Resources Inc.
    Mark Goodman
    416-924-9893, ext. #4152
    www.cogitore.com

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