Re: Cougars' MB properties.
in response to
by
posted on
Aug 29, 2009 07:41PM
Cougar Minerals Corp. is an exploration company engaged in the acquisition and exploration of natural resource properties in Alberta, Saskatchewan and Manitoba.
Central Manitoba and Cryderman Location: Rice Lake greenstone belt, 25km South East of Bissett, Manitoba Project Area: 26 mining claims, 12.2 sq miles Holdings: 100% Interest •
The Bissett Gold Camp has a history of exploration dating back to the 1930’s. The claims
cover the site of past producing mines with nine mine shafts and known gold mineralization.
•
Within these claim boundaries, the Central Manitoba mine produced 137,817 oz Gold at an
average grade of 0.36 oz/t and the Rockland-Ogama mine produced 45,445 oz Gold at an average grade of 0.33 oz/t.
•
The Rice Lake/Bissett Gold Mine is located on this greenstone belt and operated continuously
from 1932 to 1968. It has produced 1,462,055 oz Gold at an average grade of 0.26 oz/t. and it recommenced production in April 2006.
•
The primary goal of the most recent exploration programs on the Central Manitoba and
Cryderman Properties was undertaken by Placer Dome under the terms of an Option agreement with Mid-North.
•
2003 exploration comprised; Aeromagnetic Survey - Rock & Soil Geochemistry -
Biochemistry.
•
Geological report for Placer Dome (B. E, Mitten - dated Dec 18, 2003) identifies expenditures
of $190,000.
•
The Diamond Drill Program in 2004 intersected grades 20 to 165 grams/t Gold.
•
The Geological report for Placer Dome (J. W. P. Lengyel) dated Sept 7, 2004 identifies
expenditures of $415,000.
•
On August 20, 2004 Placer Dome advised Mid-North of its decision not to continue with the
option, resulting in Mid-North regaining 100% ownership of the properties.
•
Geological Report (NI 43-101) for Mid-North (G. S. Carter - dated June 17, 2005) and for Bison
(G. S. Carter - dated December 29, 2005) has recommended expenditures of $575,000 stage (1) and a further $1,050,000 stage (2).
Current Project:
Bison is aggressively exploring and developing the Central Manitoba and