Cogitore Resources Inc.
TSX VENTURE : WOO

Cogitore Resources Inc.

October 09, 2008 11:21 ET

COGITORE Intersects 3.59% Copper Over 8.0 Metres Within Massive Sulphides Grading 2.09% Copper Over 25.1 Metres

TORONTO, ONTARIO--(Marketwire - Oct. 9, 2008) - COGITORE Resources Inc. (the "Company") (TSX VENTURE:WOO) is pleased to report the discovery of a significant zone of copper-rich massive sulphides at the Company's 100% owned Scott Lake Project in Quebec. Hole SC-30, testing the eastern edge of the West Lens, intersected 25 metres of massive and semi-massive sulphides with an overall grade of 2.04% copper and 52.5 g/t silver, including a higher grade zone returning 3.59% copper, 1.27 % zinc and 82.2 g/t silver over 8.0 metres. Assay details on the massive sulphides are shown below:



ASSAY RESULTS - DDH SC-30

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From To Length Cu Zn Au Ag
(m) (m) (m) % % g/t g/t
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590.2 615.3 25.1 2.04 0.99 0.17 52.5
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including
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606.7 614.7 8.0 3.59 1.27 0.23 82.2
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Note: Intercepts are core lengths and true widths are unknown at this stage. However, core angles with crude layering in massive sulphides suggest core lengths are likely close to true widths.

The density of all the massive sulphide samples was measured prior to assaying for metals. The averages shown in the above table represent weighted averages, taking into account both the core length and the density of each sample, thus ensuring a truly representative metal grade. The sulphides were intersected at a vertical depth of 560 metres and are cut-off by intrusive rocks of the Chibougamau Pluton, indicating perhaps that a more substantial thickness of sulphides may have been present prior to the intrusion. Borehole geophysical surveys (Pulse EM) clearly indicate that the sulphide (conductive) zone extends to the east of, and below SC-30, where the West Lens remains open for at least 250 metres laterally and 300 metres vertically.

Company President and CEO Gerald Riverin, Ph.D., P. Geo. stated "This is the most significant find of copper-rich volcanogenic massive sulphides (VMS) in the Chibougamau area since the discovery of the Lemoine deposit in 1973. We are delighted with the very substantial improvement in copper and silver grades over significant widths in the West Lens, which takes us a step closer to our ultimate objective of identifying a copper-rich orebody. Drilled originally by Thundermin Resources Inc. in 1991, the West Lens had been known to contain mostly zinc with relatively little copper. However, SC-30 is a good example of how the same VMS deposit can host zones where different metals predominate, thus improving the potential economics of a deposit."

One drill rig is currently active at Scott Lake and drilling will continue into November to test various geophysical targets, and to explore for the extensions of both the West Lens and the potential new zinc-rich lens discovered earlier in the summer (see press release of September 10, 2008). In the meantime, high-precision surveying of historic holes in the West Lens area will be completed to better orient follow-up drilling in that sector. A photo of the core from hole SC-30 is available on the web site and a revised longitudinal will be posted shortly after completion of the surveying.

Work is carried out by the personnel of Cogitore Resources Inc., under the supervision of Gerald Riverin, PhD, P.Geo. He is a qualified person (as defined by National Instrument 43-101) and has more than 31 years of experience in mineral exploration.

Core is logged and sections sent for analysis are sawn in half at the Company's secure facilities in Chibougamau, Quebec. Half the core sampled is sent to ALS Chemex in Val d'Or, Quebec, for analysis with appropriate standards, duplicates and replicates used for quality control purposes. The other half of the core is retained for future reference.

The Company maintains a strategic focus on base metal exploration in prospective areas that also feature infrastructure favourable for mining development. Accordingly, its work is directed at projects in historic mining areas of Quebec, Ontario, and in the Central Belt of Newfoundland.

Core picture is available at the following address: http://media3.marketwire.com/docs/core.JPG

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Gerald Riverin
    President & CEO
    819-764-6666
    or
    Louis Morin
    Director Investor Relations
    514-591-3988
    www.cogitore.com