Westcore Energy Ltd. reports that it has completed a preliminary drill hole on its Hudson Bay North property, located immediately north of Goldsource Mines Inc.'s Border property. Hole WTRHB09-01 intersected a 7.12 metre thick carbonaceous zone starting at 47.45 metres below surface, consisting of coal fragments and narrow coal seams within a continuous black, carbonaceous mudstone/siltstone unit. The hole is located on the edge of a promising airborne geophysical target that suggests the centre of a potentially coal-bearing basin lies 1 km to the southeast. A road has been constructed into the centre of this target for the second scheduled drill hole, but warming temperatures precluded adequate frozen ground to hold heavy drilling equipment. Drilling has been postponed until early January in order to allow freezing ground conditions to improve. Accompanying this press release is a map showing the approximate location of this hole.
As described in Westcore's December 17, 2009, press release, the Corporation began its 2009-2010 winter drilling program this week by examining easy access drilling targets that it could drill in the immediate short term. Hole WTRHB09-01 was chosen by Westcore staff for its ease of access along previously existing logging roads, while winter roads are being constructed to the high-priority targets chosen by Goldsource (see news release dated December 11, 2009). That construction is currently ongoing.
Paul Conroy, President and CEO, states, We are very encouraged to have recognized such positive results from what we consider to be a very preliminary, lower priority drilling target. Having already encountered a strong carbonaceous unit at relatively shallow depths in this first hole, we are very excited and look forward to moving to the centre of this target 1 km away when we return in January. Our success on this target also bodes well for the targets chosen for us by Goldsource, which have larger and more pronounced geophysical signatures than this target. The carbonaceous unit intersected in this hole is identical in appearance to what we encountered at our Black Diamond property, Manitoba, where a 33-metre coal zone was intersected last winter. The presence of these carbonaceous units, which typically envelope true coal seams, is an extremely encouraging development in our quest to make a new coal discovery in the New Year.