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a u g u s t / s e p t e m b e r 2 0 1 6 www.resourceworld.com 35 NEW DiSCOvEriES 2.2 g/t to 67.9 g/t gold; and the length- weighted average grade of all 21 samples being 19.91 g/t gold. The southwestern extremity of the breccia zone sits imme- diately adjacent to the rock chip channel intercept of 6.7 m grading 32.32 g/t gold, including 82.22 g/t gold over 2 m in scout trench No. TCK002. Latest channel sampling established the high-grade shoot over about 110 m strike length and up to approximately 15 m in apparent width; with geological map- ping to date appearing to indicate that the high-grade gold mineralization occurs in hinges of folded quartz/Fe-carbonate/ tourmaline veins hosted along a shallow southwestern-plunging fold structure, and associated fold axis crackle breccia. The outcrop stripping program also yielded a new high-grade shear structure along the northwestern flank of the high- grade gold shoot. Channel sampling across the folded quartz/Fe-carbonate/tourmaline veining exposed over an approximately 12 m strike length returned mineralized inter- cepts of up to 3.37 m grading 10.26 g/t gold, including 34.3 g/t gold over 0.75 m (No. KBCS092-3); and 3.15 m grading 13.17 g/t gold, including 31.5 g/t gold over 0.95 m (No. KBCS092-4). The parallel structure lying approximately 25 m northwest of the high-grade gold shoot lies along the northwest margin of the prominent No. R2 high-resistivity trend spatially associated with the main shear structure. Channel sampling of folded quartz/ Fe-carbonate/tourmaline veining over an approximately 15 m strike distance on a stripped outcrop lying along the southwest- ern extension of the No. R2 high-resistivity trend spatially associated with the main shear structure, approximately 625 m south- west of the high-grade gold shoot, returned saw-cut channel intercepts of 1.07 m grad- ing 23.6 g/t gold (No. KBCS090-V4), 1.02 m grading 10.1 g/t gold (No. KBCS090-5), and 3.85 m grading 4.62 g/t gold (KBCS090-10). Of considerable exploration interest is the presence of a flat-lying chargeability (IP) anomaly centred on the resistivity trend approximately 115 m vertically below the auriferous veining. A 2,000-metre diamond core drill pro- gram began on the Cobra Creek gold corridor project June 7. The first-pass drilling program is designed to test up to 10 priority drill targets including three major high-grade gold shoots (blow- outs), including: high-grade gold shoot; L17600N shoot; and Lightning shoot. 92 RESOuRCES CONFIRMS LITHIuM OCCuRRENCE; STARTS PROGRAM 92 Resources Corp. [NTY-TSXV] reported that an exploration program, including detailed mapping and systematic channel sampling of known pegmatites, is under- way at the 100%-owned Hidden Lake lithium property located just north of Highway 4, approximately 40 km north- east of Yellowknife, Northwest Territories. The Phase I program will target the Spodumene-rich LU dyke D12, which was sampled earlier in the summer as well as prospective pegmatite dykes previ- ously identified from aerial photography. The company has contracted Dahrouge Geological Consulting Ltd. of Edmonton, Alberta to conduct the ground mapping and channel sampling of the property. Lithium mineralization was known to occur on the property and the recent sam- pling confirmed the prospectivity of the property. Adrian Lamoureux, President and CEO of 92 Resources, said, "We are pleased to initiate a follow up program to our recent reconnaissance site visit, when five samples were collected, yielding val- ues ranging from 1.64% to 3.06% Li 2 O, with an average grade of 2.54% Li 2 O. This certainly indicates the exceptional poten- tial Hidden Lake has to host a number of highly prospective spodumene-bearing pegmatites." The dominant lithium-bearing mineral appears to be very coarse grained, light grey to light-greenish grey spodumene. The pegmatite continues both to the northeast and southwest of the sampled area. The company has received proceeds of $862,820 from the exercise of 10,252,700 warrants. n InvestNorthWestBC.ca Find all of the major projects in Northwest BC in one place. allanstroet@bveda.ca