Committee Bay Resources Ltd.: Deep Drilling at Three Bluffs Intersects Two High Grade Gold Zones.VANCOUVER, British Columbia -- North Zone intercepts 46.7 g/t Au over a length of 3.68m South Zone intercepts at 13.39 g/t Au over a length of 2.25m 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 that the first deep drill hole 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. has intersected two high grade gold zones. Drillhole 05TB038 intersected two distinct zones of high grade gold (46.7 g/t Au over 3.68m in the North Zone and 13.39 g/t Au over 2.25m in the South Zone) at greater than 300m depth from surface and 100m northeast of a previous deep intersection by hole 04TB031 (CBR press release - November 1, 2004). These zones 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 delineated at Three Bluffs that contained an inferred resource of 1,267,000 tonnes grading 10.23g/t Au for 417,000 contained ounces (CBR press release Nov 29, 2004). "These intersections are superior to previous deep drilling and have confirmed the presence of high grade below and to the east of existing resources" states John Williamson, President of Committee Bay. "This hole is the first of a series of five deep holes to extend the Three Bluffs resource at depth and to the east." The North Zone gold 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. is hosted within 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 consists of 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. , quartz veined and sericite-altered rock with up to 15% associated pyrrhotite. Intervals with abundant visible gold are associated with the most intense sericite alteration. The South Zone occurs in iron formation characterized by moderate silicification 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. with quartz veining. High grade gold occurs in sulphide rich zones of up to 10% pyrrhotite and where numerous visible gold grains were identified. --------------------------------------------------------------------- Zone Hole # From (m) To (m) Length (m) Gold (g/t) Gold(oz/t) --------------------------------------------------------------------- South 4TB038 298.00 301.74 3.74 9.03 0.26 South including 299.49 301.74 2.25 13.39 0.39 North 4TB038 380.86 384.54 3.68 46.70 1.36 --------------------------------------------------------------------- This drilling is part of a previously announced C$8.0 million exploration budget for 2005 (see CBR press release - April 25, 2005). To date 3,000m of drilling in 14 holes at Raven, West Plains and Antler antler: see horn. have been completed with three drills now operating on the property. Detailed gridding and ground magnetic surveying are being completed on high priority targets such as Anuri for drilling later this summer. 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, 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 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 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) |
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