Power Ore Announces Cobalt & Silver Results from Mann Mine's Stockpile Sampling Program
Power Ore Announces Cobalt & Silver Results
from Mann Mine's Stockpile Sampling
Program
TORONTO
,
Oct. 15, 2018
/CNW/ - Power Ore ("Power Ore" or the "Company") (TSX.V: PORE) is
pleased to announce its results from the stockpile sampling program conducted at the end of
September. As part of its larger exploration program detailed in
September 6
th
news release, the
Company had located numerous stockpiles near the underground openings. Subsequetly, Power
Ore planned a sampling program on these stockpiles to identify which ones contain mineralized
material. A total of 10 samples were collected and assayed which yielded the following positive
results:
Summary of sample results from stockpiles at Mann Mine. Table 1
Cobalt (%)
Silver (g/t)
Copper (%)
Sample #
1.39
>10,000
0.04
M95429
1.65
91
0.026
M95430
0.949
112
0.86
M95431
0.792
10
0.148
M95432
0.779
66
0.765
M95433
0.854
<3
0.002
M95434
5.72
403
0.005
M95435
0.842
81
<0.001
M95436
0.967
<3
0.097
M95437
0.927
17
0.368
M95440
Click for Link to Figure 1 Map with Stockpile Locations with Results from the Sampling
"We were pleased to see some significant assay results on the samples including one over 5%
cobalt and two over 1%. While the focus for the Mann Mine is to extend the known in situ
mineralization, we felt it was imperative to take a closer look at the various historical workings,
including stockpiles and tailings, given the production was solely focused on high-grade silver and
that cobalt was considered waste. The results of the sampling program confirms our hypothesis that
there is potential for high grade cobalt in the stockpiles sitting at surface. Furthermore, we are also
pleasantly surprised at the silver content in these stockpiles, with one sample assaying over 10,000
g/t silver," said
Stephen Stewart
, Power Ore's CEO.
About the Mann Mine
Please click on the links below to view:
Mann Mine Presentation – including plans, sections and proposed drill program
Mann Mine 3D Interpretation of Geology, Mineralized Zones and Mine Infrastructure
Mann Mine NI 43-101 Report
The Mann silver-cobalt mine property is located in the Milner township, in
Ontario
. The property
covers 867 hectares, and is located west of
Cobalt, Ontario
, within the renowned Temiskaming
silver area. The property contains 9 historic shafts and a ramp driven to the 210-foot level.
Historically, the Mann Mine produced 330,000 ounces of silver prior to 1987.
Modern drilling on the Mann mine has confirmed the existence of high grade mineralization which is
consistent with its historical production. Results are as follows:
Table 2: Summary of Mineralized intersections on the Mann Mine Property (see CRESO News
Releases published on Sedar.ca on 1-12-2011,
14-12-2011
and 4-4-2012)
Hole Number
From (m)
To (m)
Interval (m)
Co Grade (%)
MN11-01
111.5
117.3
5.8
0.34%
including
112.9
114.3
1.4
1.12%
MN11-03
11.0
11.4
0.4
0.20%
Hole Number
From (m)
To (m)
Interval (m)
Ag Grade (g/t)
MN11-01
29.0
58.3
29.3
131
including
37.0
38.0
1.0
2,320
including
52.2
52.7
0.5
1,210
MN11-03
21.3
50.0
28.7
181
including
35.9
41.0
5.1
979
including
39.8
40.5
0.7
5,130
MN11-02
27.8
34.3
6.5
18
and
95.0
144.5
49.5
14
including
47.8
48.4
0.6
141
MN12-06
16.6
38.3
21.7
59
including
23.3
24.7
1.4
695
Historical work has confirmed that the silver mineralization at the Mann Mine property is typical of
that found elsewhere in the Cobalt Mining district and occurs as native silver and arsenides and
sulphides of silver, cobalt and copper in quartz calcite veins that are sub-vertical and either east-
west or nearly north-south. The veins are typically quite narrow but may locally expand to several
metres at the intersections of fault structures. This is apparently what happened on Zone D near
Shaft #5.
QP Statement
PowerOre uses rigorous quality control for its analytical work including the insertion of standards and
blanks in every batch of samples submitted to the laboratory and review of control sample results
immediately upon receipt of results.
The technical information contained in this news release has been reviewed and approved by
Charles Beaudry
, P.Geo, Director and Vice President Exploration for PowerOre Inc., who is a
Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral
Projects."
For information and updates on Power Ore, please visit:
www.powerore.com
And please follow us on Twitter @PowerOre
N
either 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. Certain information in this press release may contain forward-looking statements. This
information is based on current expectations that are subject to significant risks and uncertainties
that are difficult to predict. Actual results might differ materially from results suggested in any
forward-looking statements. Power Ore is a trade name of PowerOre Inc. PowerOre Inc. assumes
no obligation to update the forward-looking statements, or to update the reasons why actual results
could differ from those reflected in the forward looking-statements unless and until required by
securities laws applicable to PowerOre Inc. Additional information identifying risks and
uncertainties is contained in filings by PowerOre Inc. with Canadian securities regulators, which
filings are available under PowerOre Inc. profile at
www.sedar.com
.
SOURCE
Power Ore
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http://www.newswire.ca/en/releases/archive/October2018/15/c6869.html
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For further information:
To speak to the Company directly, please contact: Stephen Stewart,
Chief Executive Officer, Phone: 416.644.1571, Email: [email protected],
www.powerore.com
CO: Power Ore
CNW 08:00e 15-OCT-18