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Message: Summary of Cream Mineral's Property to the West of WEL's Reed Lake Property

Summary of Cream Mineral's Property to the West of WEL's Reed Lake Property

posted on Jan 18, 2009 03:57PM

This excerpt is from Cream Mineral's Website:

Wine Nickel-Copper Property, Reed Lake, Manitoba

"Summary Report on the Wine Property, Reed Lake, Manitoba" - March 2005, As Amended March 15, 2006. Please note: This report is not NI 43-101 compliant.

Cream Minerals Ltd. has acquired an option to earn a 100% interest in the Wine and Wine 1 minerals claims, located approximately 60 kilometers southeast of Flin Flon, Manitoba.

The Wine and Wine 1 claims cover an east west trending mafic intrusion (1,700 m X 700 m) that has known copper, nickel, platinum, palladium and gold mineralization spatially related to the intrusion and its contact with the surrounding country rocks. Significant intervals intersected in this setting included:

13 feet averaging 0.69% Cu, 1.12% Ni and 0.009 oz/ton platinum and palladium,
20.9 feet averaging 1.52% Cu and 1.67% Ni 3.08% Cu, 1.2% Ni and 0.12 oz/ton Au over 0.5 feet

In a summary report on the Wine Property, Reed Lake, Manitoba, Consulting Geologist Bernhardt Augsten, P.Geo., reviewed the results of previous exploration in the area of the Property, assessed the exploration potential and recommended further exploration to test the Property for economic mineralization.

Previous exploration by others focused on electromagnetic and magnetic geophysics followed by diamond drilling.

Magnetic methods were successful in outlining the mafic to ultramafic intrusion. In the past only electromagnetic conductors have been drilled. The entire contact areas of the mafic intrusion is prospective for copper-nickel-PGE mineraliztion. The presence of widespread disseminated pyrrhotite and chalcopyrite known to occur within contact breccias and results of the historical diamond drilling clearly shows further exploration should focus on disseminated sulphide mineralization which is better suited to be detected by Induced Polarization ("IP") techniques.

The low swampy ground and resultant paucity of outcrop precludes the use of effective surface geological mapping. In addition, the shallow occurrence of some of the mineralization indicates economic potential for smaller scale extraction of high-grade sulphides. Overburden depths in the vicinity of holes Eel-302, 315 and 346 varies from 2.5 to 5.2 metres. Proximity of the claims to either Flin Flon, which hosts a copper-zinc smelter, or Thompson, which hosts a nickel-copper smelter, supports the concept.

Cream proposes to investigate the Wine showing with a single vertical drill hole to determine if the mineralization could be similar to the Sherritt Gordon Mines ore-bodies at Lynn Lake, Manitoba. The Sherritt Gordon Mine produced 20,151,146 tonnes of ore with an average grade of 1.023% Ni and 0.535% Cu from eleven discrete vertical pipes that are hosted by a mafic to ultramafic igneous pluton (Pinset, R.H.; 1980-). A second drill hole will investigate a large geophysical anomaly situated 100 metres west of the Wine showing.

Mr. Augsten, P.Geo., has recommended that the entire known contact area of the intrusive should be explored with IP methods at an estimated cost of $44,000. Resultant anomalies should be tested with a minimum of 600 metres of drilling in four to five holes, estimated to cost up to $150,000, contingent upon favourable results from phase 1.

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My comments:

1. This artcile mentions that the claims are east-west trending, and WEL is east of Cream Mineral's claims.

2. If the Sherritt Gordon mine at Lynn Lake was viable with .535% copper, no wonder VMS is excited and working hard on their property south of WEL with showings of between 3% and 5% copper!

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