August 30, 1999
Pentland Firth Has Encouraging Drilling Results At Montclerg Project Near Timmins, Ontario
Toronto, Ontario - Pentland Firth Ventures Ltd. (TSE - PFO) completed an eight hole, 1,644 metre
diamond drilling program on the Montclerg gold project between July 19 and August 6, 1999. Four of
the holes targeted the high grade, CMX Zone, while the remaining four holes tested the Montclerg
Zone, a lower grade, bulk tonnage zone (408,100 tonnes @ 4.5 g/t Au). Although these results are
encouraging, they do not materially increase the known resource. Pentland holds an option to acquire
100% of the Montclerg property from Prospectors Alliance Corporation (formerly Montclerg Resources
Ltd.), subject to a sliding scale net smelter returns (NSR) royalty ranging from 1.5% to 2.5%, based on
the price of gold.
Drill holes PCM-01 through PCM-04 were completed at the
CMX Zone,
a target situated on the
Pipestone Fault system near the southern boundary of the property. Mineralization is located along
lithologic contacts separating metamorphosed and sheared sediments, felsic intrusives and ultramafic
volcanic flows.
Assay intervals from each hole carrying more than 1 g/t Au are tabulated below.
PCM-01 was an angle hole drilled to a depth of 231.0 metres. It encountered variably altered and
tectonically deformed sediments, intrusives and ultramafic volcanics. Broad intervals of geochemically
significant gold mineralization (>300 ppb Au) were intersected within a swarm of quartz-ankerite veins.
The best assay return was 1.88 g/t Au over 1.0 metres where these veins carry arsenopyrite.
PCM-02 was an angle hole collared 50 metres to the west of PCM-01, and encountered a thick
sequence of altered metasediments, a long interval of felsic intrusive, and a wedge of strongly altered
ultramafic volcanics, bottoming in felsic intrusive at 287.0 metres. Again, a wide zone of strongly
anomalous gold was intersected; the best value was 4.39 g/t Au over 0.6 metres.
PCM-03 was collared 50 metres further to the west and was drilled at an angle to a depth of 200.0
metres. Numerous zones of arsenopyrite-bearing, quartz-ankerite veining were identified within all
lithologies. The best intersection was 2.17 g/t Au over 2.0 metres.
PCM-04 was drilled 50 metres to the east of PCM-01. The hole penetrated overburden to 33.0 metres
and was terminated in a diabase dyke at 36.0 metres. No samples were taken for assay.
Drill holes PCM-05 through PCM-08 tested the
Montclerg Zone,
comprising sulfidized zones up to 15-
20 metres thick within massive to pillowed, mafic volcanics having silicified flowtops. Mineralization
occurs as fine-grained pyrite and arsenopyrite disseminations. Sufficient drilling had been completed to
allow the calculation of a resource by previous workers in 1985.
PCM-05 was an angle hole drilled to a depth of 200.0 metres. It encountered variably altered mafic
flows over its entire length. The best intersection was 1.96 g/t Au over 8.6 metres, including 2.39 g/t
Au over 5.8 metres.