cougar spec 'n pluton
posted on
Mar 06, 2010 02:51AM
Cougar Minerals Corp. is an exploration company engaged in the acquisition and exploration of natural resource properties in Alberta, Saskatchewan and Manitoba.
I'm wondering if I should risk more investment in COU at these low prices.
The last geologist's report was fantastically detailed with a large list of recent and historic surface samples with a whole range of impressive g/t gold, and never been drilled. Large quartz veins & shear zones with veinlets. By the way, does SGR Bisset area holdings also show these surface veins, or is it different on COU's claims here? Generally, does gold get weathered away from surface ie surface readings may suggest larger readings below? The report I think says the large quartz veins hold gold in the altered areas, rather than the white 'bull' veins.
Any news; and whispers out there? Looks fantastic potential and the exploration management / communication has been good - really moving it along. I do wonder with Wildcat and SGR, although they are moving now, what they were doing for the last few years, whilst in comparison BGE and COU seem to have some urgency about them.
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Some of the showings are near the edge and outside of the Ross River Pluton, and some are definitely hosted by it - I was dismissed on this issue here previously, so here are some extracts from the report.
It looks like COU has the Beresford Lake anticline, rather than the Horseshoe lake anticline, along top of its PFG/Bill property - spreading hinges all over the COU claims (my spec).
'The Ogama-Rockland deposit near Long Lake is hosted by the Ross River pluton. In other greenstone belts, important gold deposits are hosted by similar intrusives (i.e. Ferderber Mine, Val d’Or Camp).'
Romano/Ruby - They are hosted by tonalite of the Ross River pluton, which is generally unaltered........very high grade gold values have been returned from samples from the Ruby and Romano veins, to a maximum of 288 g/t Au.
Capri..... The Capri vein is a northwest trending vein within tonalite of the Ross River pluton.
Claims held by Golden Pocket Resources in the Gold Lake area, adjoin the PFG/Bill property to the southwest. The September Morn showing, a gold-bearing quartz vein within the Ross River pluton, is located on Golden Pocket’s claims, approximately 750 metres south of the PFG/Bill property (Theyer and Yamada, 1989).
From the report map, the carbucketty showing is about 1km into the Ross river Pluton, but the report text doesn't say one or teh other what the host rock is. The Carbucketty showing was discovered during Cougar Minerals’ 2009 prospecting program, as a result of follow-up to several 2004 samples reported by MacQuarrie (2006), which had returned high gold values. Narrow quartz veins occur within a 2 to 6 metre wide north-south trending shear zone which can be traced in outcrop for approximately 250 metres. Visible gold was observed in one narrow tourmaline-bearing quartz vein within the shear zone. A sample from this vein returned 78.66 g/t Au. Most of the samples collected from the Carbucketty showing were anomalous in gold, as listed below in Table 5. The showing occurs within a prominent north-south topographic low linear which is often devoid of outcrop. It remains open on-strike in both directions, is untested by any stripping, systematic sampling or diamond drilling, and is a high priority for follow-up work.