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Cougar Minerals Corp. is an exploration company engaged in the acquisition and exploration of natural resource properties in Alberta, Saskatchewan and Manitoba.

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Message: The 30's

The 30's

posted on Jan 12, 2010 10:42PM

If you haven't watched this yet, go to the 2:10 mark and listen to Cohen talk about SGR. Of note is the remark about "The old timers tapped in to these in the 30's"

http://watch.bnn.ca/market-call-tonight/january-2010/market-call-tonight-january-12-2010/#clip254647

The Conley property fits the bill.

"Known gold and silver mineralization on the Conley property is associated with graphitic zones within a Mesoarchean carbonate-chert sequence. Numerous shallow drill holes have been drilled to test the near-surface mineralization. Results including 0.63 oz/t Au over 9 feet and 4.02 oz/t Au over 3 feet were reported from two holes drilled in the 1930’s west of the Conley shaft, under Conley Bay. Neither of these intercepts has been subsequently re-drilled, nor has any deeper drilling been done to attempt to follow the mineralization to depth. "

and

"A 2-phase $200,000 exploration program is recommended for the Conley property. The recommended Phase 1 program ($80,000) includes diamond drilling to confirm the two high-grade drill intercepts from the 1930’s, and to attempt to test for mineralization at depth in the underlying mafic rocks. Phase 2 ($120,000) includes further diamond drilling and is contingent on the results of the Phase 1 program."

http://www.cougarminerals.com/docs/ConleyReport.pdf

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