Cloudbreak Continues to Intersect Significant Copper Mineralization at Ikiztepe-Sarp, NW Turkey.VANCOUVER, British Columbia -- Cloudbreak Resources Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CDB CDB Common Database CDB Caribbean Development Bank CDB Convention sur la Diversité Biologique (Convention on Biological Diversity) CDB China Development Bank (Beijing, China) CDB Capital Development Board ) (FWB (Fixed Wireless Broadband) See fixed wireless. :C6K) is pleased to announce results and provide a summary from its recently completed drill program on the East Camp skarn prospect on its Ikiztepe-Sarp licenses in NW Turkey. Highlights * RC-drilling at East Camp intersected up to 12 m @ 0.67 % Cu and 4 m @ 3.11 % Cu in drill holes IRC-006 and IRC-007. * The previously intersected copper-mineralized zone at East Camp is extended by 250 m to the south. East Camp Cu-Mo+/-Au Skarn Target The first phase drilling program on the East Camp skarn target has been completed with 9 holes drilled for a total of 744.5 m. The reverse circulation (RC) drill program was designed to test the depth extensions of Cu-Mo+/-Au skarn 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. located in previous work conducted by the Turkish State Mining Company (Turk Maadin) in the 1970's. All holes were drilled vertically to depths of up to 130 metres, spaced 50 to 100 m apart. The drill-tested area is 300 m by 250 m, focused on a 650 m by 400 m Cu-Au-Mo soil anomaly (Cu > 0.05 %, Au > 100 ppb and Mo > 20 ppm). Samples have been shipped to the sample preparation facilities of 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 at Izmir in Turkey for pulp preparation and are then shipped to the ALS Chemex assay laboratory in North Vancouver, British Columbia, Canada, for assaying. Assaying is by 30 g fire assay with AA finish for Au and 34 elements by aqua regia digestion and ICPES ICPES International Conference on Power and Energy Systems for Ag, Cu and other base metals. ALS Chemex has ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001:2000 certification in North America. [TABLE OMITTED] [TABLE OMITTED] A summary of significant drill results at East Camp from the 1970's Turk Maadin program is listed in Table 3 below. [TABLE OMITTED] (a) From - To is graphically measured from Turk Maadin drill sections. All holes drilled by Turk Maadin intersected copper mineralization (+/-Mo, Au, Ag) in the altered units (skarn and marble) hosted within limestone and schist units peripheral to a quartz monzonite intrusion. Holes were drilled to an average depth of 75 m, spaced 50-100 m, and assayed at two-metre intervals. Based on the 1970's Turk Maadin results, the Swedish company Granges Intl. Mining assessed the resource at East Camp and the westerly located Sogukpinar skarn zone to 2.2 Mt @ 1.17 % Cu and 0.07 % Mo in a historic report from 1978 (not compliant with NI 43-101 standards). Cloudbreak's new results from the last five holes extend the known mineralization at East Camp along a N-S N-S North-South N-S Nassi-Shneidermann (diagram) N-S Special Assignment, NACO staff zone for 250 m, extending from the surface to a known depth of 120 m. The mineralization remains open along strike and at depth. "The latest set of results have significantly expanded the size and continuity of the known 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. system essentially from surface over a large area, and it still remains open in all directions," said Mitch Adam, President of Cloudbreak Resources Ltd. The Company is excited to receive the pending results from the adjacent Sogukpinar target and further develop the property. Cloudbreak is earning a 65-percent interest in the properties, through an agreement with Valhalla Resources Ltd. ("Valhalla"), a private Cyprus-based company. The properties are owned by a Turkish subsidiary of Anatolia Minerals Development Limited (TSX:ANO Noun 1. ANO - a Palestinian international terrorist organization that split from the PLO in 1974; has conducted terrorist attacks in 20 countries; "in the 1980s the Fatah-RC was considered the most dangerous and murderous Palestinian terror group" ). Cloudbreak can earn up to a 65-percent interest in the properties by making property payments of $1.2 million (U.S.), completing work expenditures of $5 million (U.S.) and issuing 1.2 million common shares of Cloudbreak, all over a period of five years. Dr. Martin S. Oczlon, P. Geo, has acted as the qualified person as identified by National Instrument 43-101, and reviewed and verified the technical content of this release. Cloudbreak Resources Ltd. is an exploration and mining company with primary exploration and development assets in Turkey and Romania. ON BEHALF OF THE BOARD OF DIRECTORS CLOUDBREAK RESOURCES LTD. Per: "Mitchell Adam" Mitchell Adam, Director and President 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 the accuracy of this release. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion