Canasil Resources Inc. and Northgate Exploration Limited: Higher Grade Gold Copper Intersections at Brenda; Further Drilling Planned for 2004.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 28, 2003 Canasil Resources Inc. (Canasil) (TSXV: CLZ CLZ craft landing zone (US DoD) CLZ Calabozo Airport (Venezula) CLZ cushion landing zone (US DoD) ) and Northgate Exploration Limited (Northgate) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : NGX NGX Natural Gas Exchange Inc. (Canada) NGX Next Generation X ) (AMEX AMEX See: American Stock Exchange : NXG NXG Necrobiotic Xanthogranuloma (rare, progressive, histiocytic disease) ) are pleased to announce the results of the 2003 drilling program at the Brenda property in the Kemess-Toodoggone district of northern British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . The results obtained in the 2003 exploration program are a significant improvement over 2002 drilling results in terms of both the gold and copper grades as well as the length of the overall drill intersections. Based on these encouraging results, Northgate has made the scheduled $30,000 Option payment to Canasil and will continue exploration in the summer of 2004. During the 2003 exploration season, five diamond drill holes for a total of 1485 m were completed at the Brenda property. The location of these holes is shown in the attached map (figure 1) and the drill collar coordinates and orientation of each hole are listed in table 1. Holes BR-03-06 and BR-03-07 are the most significant, intersecting gold, copper and silver in a porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. setting. Holes BR-03-05, BR-03-08, and BR-03-09 had no significant intersections. -------------------------------------------------------------------- Brenda Intersection Summary -------------------------------------------------------------------- Hole From (m) To (m) Length (m) Au g/t Cu % Ag g/t -------------------------------------------------------------------- BR-03-06 58.9 120.8 61.9 0.440 0.128 2.82 -------------------------------------------------------------------- BR-03-07 100.5 262.1 161.6 0.565 0.079 4.02 -------------------------------------------------------------------- These results are particularly encouraging as the mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. occurs in quartz magnetite magnetite (măg`nətīt), lustrous black, magnetic mineral, Fe3O4. It occurs in crystals of the cubic system, in masses, and as a loose sand. veins within Takla volcanic rocks rocks which have been produced from the discharges of volcanic matter, as the various kinds of basalt, trachyte, scoria, obsidian, etc., whether compact, scoriaceous, or vitreous. See also: Volcanic which is the same geologic setting as Kemess South and Kemess North deposits. Based on the 2003 exploration results, 2004 exploration drilling will be directed towards establishing the overall size of the mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zones. Mineralization in BR-03-06 is open towards the south and east and the mineralization in BR-03-07 is open towards the north and east. Northgate President Ken Stowe commented "We are very pleased with these results as this length of intersection demonstrates potential for a significant resource. This also continues to support our belief that the Toodoggone district is a geologically prospective and under explored region of British Columbia." Canasil President Bahman Yamini commented "These positive drill results confirm our expectations for the Brenda property and we look forward to the continuing relationship with Northgate." The BRENDA property comprises 178 mineral claim units, covering 44.0 square kilometres, and is situated approximately 25 km north west of Northgate's Kemess South Mine in the core of the Kemess-Toodoggone porphyry gold-copper / epithermal district. The property is the subject of Option and Joint Venture Agreements signed on July 31, 2002, providing for Northgate to earn a 60% interest by completing exploration expenditures of $2,000,000 and making cash payments totaling $140,000 over a four year period. Core splitting of all samples was carried out at the Kemess mine Kemess Mine is an open-pit copper and gold mine, located in British Columbia. It was operated by Royal Oak Mines from 1998 to 2000, when it was bought by Northgate Minerals. It is serviced by Kemess Creek Airport. with standards, duplicate and blank samples inserted into the sample stream for Quality Assurance and Quality Control purposes. Samples were analyzed at ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex in North Vancouver North Vancouver, city (1991 pop. 38,436), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver, of which it is a suburb. Shipbuilding, woodworking, and the shipping of grain, lumber, and ore are the chief industries. . About Northgate: Northgate Exploration Limited is a gold and copper mining company focused on operations and opportunities in North and South America. The Corporation's principle assets are the 290,000-ounce per year Kemess South mine in north-central British Columbia and the adjacent Kemess North deposit, which contains an indicated resource of 5.4 million ounces of gold and is currently the subject of a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. . About Canasil: Canasil is a Canadian-based mining and mineral exploration company with a diversified portfolio of base and precious metal properties in British Columbia. The management team is focused on identifying and implementing strategies to increase the value of the Company's mineral properties through cost effective and responsible development. This press release includes certain "forward-looking statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements include without limitation, statements regarding future production, potential mineralization and reserves, exploration results and future plans and objectives of Northgate Exploration Limited (Northgate). Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," or "continue" or the negative thereof or variations thereon or similar terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Northgate's expectations are disclosed under the heading "Risk Factors" in Northgate's 2002 Annual Report and under the heading "Trends, Risks and Uncertainties" in Northgate's 2002 Annual Information Form (AIF AIF Annual Information Form AIF Apoptosis-Inducing Factor AIF Agence Intergouvernementale de la Francophonie (French: Intergovernmental Agency for Francophony) AIF Australian Imperial Force ) both of which are filed with Canadian regulators on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review (www.sedar.com) and with the United States Securities and Exchange Commission (www.sec.gov). --------------------------------------------------------------- Table 1: 2003 Brenda Drill Hole Locations --------------------------------------------------------------- Hole_ID Grid E Grid N Elevation Azimuth Dip Depth --------------------------------------------------------------- BR-03-05 10140 10550 1487 55 -70 293 --------------------------------------------------------------- BR-03-06 10300 10400 1510 55 -70 375 --------------------------------------------------------------- BR-03-07 10435 10550 1565 55 -70 272 --------------------------------------------------------------- BR-03-08 10600 11100 1403 55 -70 381 --------------------------------------------------------------- BR-03-09 12020 9600 1625 235 -70 164 --------------------------------------------------------------- Table 2: Selected Historic Drill Intersections (Listed in Press Releases dated July 21 and November 22, 2002) Hole Interval (m) Length (m) Au (gpt) Copper % BR-02-01 106.8-121.0 14.2 0.430 0.078 BR-02-02 296.1-321.8 25.7 0.417 0.028 DDH 93-3 12.2-121.0 108.8 0.48 0.144 Figure 1 Drill Hole Locations: (Hole BR-03-09 is a regional hole and does not plot within the map area. The White Pass Zone is defined by the unlabelled holes between holes BR-03-05, BR-03-06 and BR-03-07.) To view the map that accompanies this release, please access the following link: http://www2.cdn-news.com/database/fax/2000/0828NXG.jpg. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. |
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