May 14, 1997
Core Drilling Program at Kangerlussuaq, West Greenland, Underway Today.
Softrock has contracted TGB/Arctic Contractors Inc. of Nuuk, Greenland, to drill the initial program which comprises a number of potential massive sulphide targets in the search for copper, nickel and cobalt and several potential kimberlite diatreme targets in the search for diamonds. The 100% owned Kangerlussuaq/Sarfartoq property covers a total of 294 square kilometers (72,646 net acres).
The prime objective of the Geoterrex ground geophysical surveys conducted by Softrock in March, 1997 was to position on the ground a group of selected Dighem airborne anomalies mapped in November, 1996. The project was completed with all targets confirmed and located for drilling.
Geological ground investigation in March, 1997 revealed a series of thin bedded "felsic volcanics" in a dominant Amphibolite Unit. This geology is favorable for bedded massive sulfide type mineralization. A very strong 200 metre wide, steeply dipping near surface conductor is the prime target on the 8 kilometre prospective trend. Evidence of anomalous copper, nickel and cobalt values were derived from assays on the severely weathered surficial cap. It will likely be 4 to 6 weeks, at the earliest, before drill core assay results are available.
SoftRock trades on the Alberta Stock Exchange under the trading symbol "STZ".
A full text of this release and other desired information may be acquired by contacting E. Denis Gagnon or J.B. Keith McLean locally at (403) 266-2605 or toll free at 1-800-809-3411.