| ||Thu Nov 6, 2003|
Muskox Minerals Corporation MSK.V Preliminary report from Anglo American Exploration Canada's exploration programme
| ||Muskox Minerals Corp. ("MSK") has now received preliminary results and final assays from Anglo American Exploration Canada (AAEC) on their Muskox Intrusion field exploration program conducted during August and September, 2003.|
Following the completion of their airborne Spectrem geophysical survey which was described in MSK's news releases of August 21, 2003 and July 28, 2003, a total of 1,501.14 m of NQ core were drilled in 6 diamond drill holes. The azimuths of these holes, together with the targets and results are described below and a reference map showing the locations of the drill holes will be posted on www.muskoxminerals.com.
Azimuth: grid west (approx 280°)
Target: Coincident Spectrem, UTEM & helicopter magnetic anomalies interpreted to occur at the bottom contact (intrusion floor) of the Canoe Lake fault block.
Results: Anomalous Ni-Cu-PGE-Au values were encountered within the paragneiss footwall rocks and are summarized below. Of note is the apparently very high tenor of the sulphides encountered (low total sulphur %).
Azimuth: grid west (270°)
Target: Coincident Spectrem, UTEM (excellent conductors) & helicopter magnetic anomalies interpreted to occur at the base of the marginal series of the MI.
Results: MX03-002 intersected classic marginal series Muskox Intrusion rocks. The targeted conductor was explained by a weak concentration of sulphides (20cm of massive pyrrhotite) at the contact between the MI rocks and the underlying footwall paragneisses. The best assay results for this hole were returned from thin sulphide veinlets within the footwall felsic paragneiss (0.56% Ni, 0.83% Cu/0.75m @ 187m down hole). This particular zone of the footwall paragneiss returned anomalous Cu values for several samples over 10m.
Azimuth: grid west (228°)
Target: Coincident Spectrem Conductivity Depth Imaging (CDI), UTEM and airborne magnetic anomalies immediately south of the Sinister Fault on the western margin of the Muskox Intrusion.
Results: MX03-003 intersected marginal series rocks and the targeted conductor was explained by a weak accumulation of sulphides at the contact between a feldspathic peridotite and the underlying paragneiss. No significant assay values were returned from this hole.
Azimuth: grid east (090°)
Target: strong, deep coincident Spectrem and UTEM anomalies interpreted to occur east of the Muskox Intrusion.
Results: MX03-004 intersected variably graphitic paragneiss throughout its entire length. The geophysical target was explained by the abundance of moderate to strongly conductive graphite (+/- pyrrhotite) throughout the hole. No significant assay values were returned from this hole.
Azimuth: grid west (240°)
Dip: -75° Length: 227.68m
Target: to test the northern extension of the Pyrrhotite Lake sulphide zone;
Results: MX03-005 intersected various phases of medium- to coarse-grained diabase/gabbro through its length. The targeted conductor was likely explained by multiple cm-scale sulphide bands between 136-144m and/or extremely altered and gouged ultramafic rocks caught up in the Sinister Fault. No significant assay values were returned from this hole.
Azimuth: grid east (074°)
Target: to test coincident AMT and Spectrem CDI anomalies at the interpreted throat of the keel portion of the Intrusion.
Results: MX03-006 intersected a large thickness of "Main Mass" Muskox Intrusion rocks, collaring in dunite and passing through relatively narrow zones of peridotite and feldspathic peridotite before intersecting various phases of gabbroic rocks, from olivine gabbronorite to porphyritic gabbro. The targeted AMT/Spectrem CDI target was modeled to lie approximately 400m down the hole but no such conductive body was intersected.
Interpretation of geophysical data and the newly observed geological relationships by AAEC continues. Dr. Roger Morton, President of Muskox Minerals observed . . ." It is clear that the Spectrem survey was very efficient in targeting the marginal sectors of the intrusion. What is encouraging is that there are now signs of mineralization associated with the basal sector of the intrusion bounded by the Canoe Lake fault. This new domain certainly warrants further investigation".
ON BEHALF OF THE BOARD OF MUSKOX MINERALS CORP.
Dr. Roger D. Morton
President and CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information from Muskox Minerals Corp., please contact the following persons: Dr. Roger D. Morton CEO, Phone: (780) 990-9610; Additional information on the Company may be sought at Muskox Mineral's website: www.muskoxminerals.com
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