Committee Bay Commences Summer Drill Program.VANCOUVER, 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 -- 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. ) is pleased to announce the summer exploration program at the Committee Bay project located 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. has commenced. This program is the dominant portion of a previously announced $8.0 million 2005 exploration program. Drilling at the Three Bluffs and Raven discoveries has begun and with other targets will encompass a minimum of 5,000m of drilling using up to four drills. An aggressive summer field program will continue with regional mapping and prospecting along the entire belt. Detailed mapping along the Raven-Anuri trend, which is believed to be part of a highly prospective area northeast of a large tonalitic intrusion, is also in progress. The 2005 program follows a very successful 2004 exploration program where an inferred resource of 1.9 million tonnes @ 8.0 g/t Au for 487,000 ounces was established near surface at Three Bluffs (see CBR press release - November 29, 2004). Drilling at Three Bluffs this summer will test shallow targets along strike, as well as deeper targets beneath the reported inferred resource. The resource at Three Bluffs is currently open along strike and to depth. Priority drilling will also occur at Raven (see CBR press release - June 23, 2005) to follow-up new discoveries and evaluate nearby targets. Drilling is planned for the Anuri discovery where surface sampling in 2004 returned assays of up to 288.85 g/t Au and 1,769.5 g/t Ag (see CBR press release - October 19, 2004). Initial drill testing of several other prospects including West Plains, Ibex, Ghost, Betwixt be·twixt adv. & prep. Between. Idiom: betwixt and between In an intermediate position; neither wholly one thing nor another. and Castle Rock are also planned and will be prioritized following analysis and field checking of the spring airborne geophysical program. Detailed gridding and ground magnetic surveying will be also conducted over expanded grids at Raven and new grids at Anuri. CBR maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property. The program is supervised by Dean McDonald 2. ^ BBC Sport Inverness Caledonian Thistle F.C. (current squad) 1 Fraser • 2 Tokely • 3 McGuire • 4 Watt • 5 McCaffrey • , P.Geo. Ph.D., Vice President of the company, who is the Qualified Person as defined by NI 43-101. 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 and is one of the longest and least explored greenstone belts in Canada. CBR holds greater than 1,620,000 acres of land with prospective geology in the Committee Bay area and controls over 85% of the belt. 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. Committee Bay Resources Ltd. (TSX VENTURE:CBR) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion