Committee Bay Resources Ltd.: Deep Drilling at Three Bluffs Defines Two Zones.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 -- High Grade 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. Continues to Depth 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 completion of the 2005 deep drill program at the Three Bluffs deposit 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. . This program was successful in tracing the high grade gold mineralization to depths in excess of 320m. These widely spaced holes cover a strike length of 600m and intersect In a relational database, to match two files and produce a third file with records that are common in both. For example, intersecting an American file and a programmer file would yield American programmers. two broad intervals of mineralization at depths of 120 to 150m below the current mineral resource. The mineralization intersected at these depths contains some of the highest grades to date at the Three Bluffs deposit (see table below). Drill intersections correspond to the north and south limbs of a folded, 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. iron formation that contains an inferred resource of 1,897,000 tonnes grading 8.0g/t Au for 487,000 ounces (CBR press release Nov 29, 2004). Planned infill and deeper drilling in 2006 will be targeted along the high grade trend to the east to expand the existing resource. Drillhole 05TB041 is the eastern-most hole and intersected two distinct zones of strongly silicified si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. iron formation with up to 14% pyrrhotite pyrrhotite (pĭr`ətīt) or magnetic pyrites, bronze-yellow to bronze-red mineral, a sulfide of iron sometimes containing nickel. It tarnishes easily and is somewhat magnetic. and 6% pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. . An interval of 2.19 g/t Au over 8.60m correlates with the high grade north limb (46.7 g/t Au over 3.68m) in 05TB038 (CBR press release - July 27, 2005). Drillhole 05TB042 was drilled 220m west of high grade intersections in hole 04TB031 (CBR press release - November 1, 2004) and 05TB038. This hole intersected iron formation with intense silica flooding, brecciation brec·ci·ate tr.v. brec·ci·at·ed, brec·ci·at·ing, brec·ci·ates To form (rock) into breccia. brec and sulphidation on the south limb that included specks of visible gold in the quartz. Mineralization along the north limb is dominated by a thick quartz vein with sulphides along fractures and grains of visible gold associated with vuggy pyrite. On the south limb drillhole 05TB043 intersected silicified and pyrite-pyrrhotite bearing iron formation that contained visible gold grains as disseminations within quartz. The north zone is at the contact between iron formation and dacite da·cite n. A light gray volcanic rock containing a mixture of plagioclase and other crystalline minerals in glassy silica, similar in appearance to rhyolite. [After Dacia. and contains pyrrhotite and pyrite in silica rich intervals. In the western-most 05TB044 the north limb contains an abundance of intergrown pyrrhotite and pyrite in areas of strong quartz flooding. The north zone is a broad 16m interval containing greater than 1.4 g/t Au with narrower higher grade intervals. The south zone is comprised of banded fine grained pyrrhotite and pyrite with an interval of 3.35 g/t Au over 3.16m. In a number holes visible gold was identified but assays returned low gold abundances. This reflects the "nuggety" effect of gold distribution at Three Bluffs. We are confident that future drilling in these areas will identify additional high grade intersections. The drilling has shown that the high grade zone extends to depth at the eastern end of the current resource. Drilling at depth to the west intersected mineralization on the margins of the previously identified high grade shoots. This drilling is part of a previously announced C$8.0 million exploration budget for 2005 (see CBR press release - April 25, 2005). In 2006 infill drilling below the resource and deeper drilling below and east of 04TB031 and 05TB038 should add significant new resources. The broad zones of low to medium grade gold intersected in 05TB042, 05TB043, 05TB044 may represent the margins of projected high grade shoots identified on surface. Near surface drilling in 2006 will focus on identifying these additional fold hinges and inflexions along limbs in the iron formation. Surface sampling and ground geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. have identified a number of new targets along strike of the existing resource at Three Bluffs.
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From Length Gold Gold
Hole # Zone (m) To (m) (m) (g/t) (oz/t)
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05TB038(1) South 298.00 301.74 3.74 9.03 0.26
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Including 299.49 301.74 2.25 13.39 0.39
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05TB038(1) North 380.86 384.54 3.68 46.70 1.36
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05TB041 North 386.60 395.2 8.60 2.19 0.06
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Including 393.20 395.2 2.00 5.62 0.16
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05TB042 South 224.00 226.6 2.00 5.16 0.15
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05TB042 North 280.50 282.64 2.14 1.42 0.04
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05TB043 South 256.8 260.88 4.08 3.21 0.09
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05TB043 North 329.05 333.76 4.71 1.30 0.04
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05TB044 North 252.18 267.74 15.56 1.42 0.04
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including 262.5 264.34 1.84 3.12 0.09
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05TB044 South 322.73 326.08 3.35 3.16 0.09
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including 322.73 323.59 0.86 6.93 0.20
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(1) Previously released
Note: drill holes 05TB039 and 05TB040 were not completed.
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 85% of the belt. On behalf of the Board COMMITTEE BAY RESOURCES LTD /s/ "John Williamson" P.Geol., President To view a map of the Three Bluffs deposit please click on the following link: http://www.ccnmatthews.com/docs/cbm1026.pdf 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 resp onsibility for the adequacy or accuracy of this release. Committee Bay Resources Ltd. (TSX VENTURE:CBR) |
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