Committee Bay Commences 8,000 Meter Drill Program.Business Editors EDMONTON, Alberta--(BUSINESS WIRE)--May 6, 2004 Committee Bay Resources Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CBR (1) (Computer-Based Reference) Reference materials accessible by computer in order to help people do their jobs quicker. For example, this database on disk! (2) (Constant Bit Rate) A uniform transmission rate. ) today announced that it has commenced the $C7.1 million 2004 work program at the Committee Bay Joint Venture Project with Gold Fields Gold Fields Limited is one of the world’s largest unhedged producers of gold, providing investors with maximum leverage to the gold price. The company was formed in 1998 with the amalgamation of the gold assets of Gold Fields of South Africa Limited and Gencor Limited. Exploration northeast of Baker Lake, Nunavut Baker Lake or Qamani’tuaq (where the river widens) (2006 Population 1,728) (Inuktitut syllabics:ᖃᒪᓂᑦᑐᐊᖅ), is a hamlet in Nunavut on mainland Canada. . Drill crews are on site and drilling has commenced. The spring drill program consists of 4,600m of drilling in approximately 31 holes. The first phase of drilling is designed to follow-up the high-grade gold discovery at Three Bluffs that included 45.40 g/t Au over 6.9m and 27.41g/t Au over 9.44m (see CBR press release - September 2, 2003) and evaluate high-grade gold targets in close proximity to Three Bluffs, such as the Ledge prospect. Initially two drills will focus on the Three Bluffs area but in late May one drill will move to the Four Hills-Cop area 80 km to the west. At the Four Hills-Cop occurrences a series of iron formations form a broad regional fold. Surface sampling at Four Hills has identified a number of high-grade zones (surface sampling of 48.07 g/t Au, 28.10 g/t Au and 14.37 g/t Au) that are coincident with magnetics and airborne EM (Electromagnetic) anomalies. The Committee Bay greenstone belt Greenstone belts are zones of variably metamorphosed mafic to ultramafic volcanic sequences with associated sedimentary rocks that occur within Archaean and Proterozoic cratons between granite and gneiss bodies. is 300 km long, 5 to 50 km wide and is one of the largest unexplored greenstone belts in North America. On behalf of the Board COMMITTEE BAY RESOURCES LTD /s/"John Williamson" John Williamson, P.Geol. 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 accuracy of this release |
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