Committee Bay Resources Ltd.: Reverse Circulation Drill Program Completed at Dreadnaught.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. ) and Joint Venture partner Focus Minerals Ltd (ASX ASX See: Australian Stock Exchange :FML Fml Formal FML Fluorometholone FML Football Manager Live (video game) FML Field Manipulation Language FML Forms Markup Language FML Ferret Mailing List FML Fibre Metal Laminate ) are pleased to announce the results of reverse circulation drilling at the Dreadnaught Project, located within the 210 square Km Redemption Joint Venture Project, Western Australia Western Australia, state (1991 pop. 1,409,965), 975,920 sq mi (2,527,633 sq km), Australia, comprising the entire western part of the continent. It is bounded on the N, W, and S by the Indian Ocean. Perth is the capital. . Highlights of the drilling include 1m at 11.6g/t in 05DC002, 6m at 4.19g/t in 05DC004, 16m at 1.86g/t in 05DC005, and 5m at 3.77 g/t in 05DC0010. These drill results confirm the existence of significant near-surface 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. and demonstrate that potential exists to expand the current inferred resource. The project hosts a 43-101 compliant indicated resource of 970,000 tonnes at 2.5 g/t Au (78,000 ounces) and an additional inferred resource of 2,570,000 tonnes at 1.9 g/t Au (157,000 ounces). Mineralization at Dreadnaught occurs within two zones of albitized, stockworked and sulphidized diorite diorite Medium- to coarse-grained igneous rock that commonly is composed of about two-thirds plagioclase feldspar and one-third dark-coloured minerals, such as hornblende or biotite. hosted within amphibolite amphibolite Igneous or metamorphic rock composed largely or dominantly of amphibole minerals. For igneous rocks, the term hornblendite is usually used and is more restrictive; hornblende is the most common amphibole. grade basalts. In total 1,641m in 12 RC holes tested for extensions to 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. diorites and infilled areas within the inferred resource. The Redemption Joint Venture has approved an additional 7 hole, 1100m diamond drill hole program which will provide data for geotechnical and metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. test work as the first stage of advancing the project to a pre-feasibility level. Further RC infill drilling is planned for early in the New Year. View current and proposed drill hole locations: www.committeebay.com/_resources/dread_map.jpg The Redemption Joint Venture has recently completed an open pit scoping study over the entire resource (both indicated and inferred material) which suggests that the Dreadnaught project could contribute a significant portion of the material required to justify re-commissioning the Three Mile Plant. The Joint Venture Partners are completing open pit studies on all the existing resources within the Redemption Joint Venture Project, with the aim of initiating pre-feasibility studies on priority projects as soon as practical in the New Year. Results of Dreadnaught RC drill program --------------------------------------------------------------------- Hole From(m) To(m) Interval (m) Au (g/t) --------------------------------------------------------------------- 05DNC001 No Significant Intersections --------------------------------------------------------------------- 05DNC002 88 92 4 3.49 --------------------------------------------------------------------- including 91 92 1 11.6 --------------------------------------------------------------------- 05DNC003 No Significant Intersections --------------------------------------------------------------------- 05DNC004 9 12 3 1.69 --------------------------------------------------------------------- including 18 24 6 4.19 --------------------------------------------------------------------- including 35 39 4 1.46 --------------------------------------------------------------------- 05DNC005 11 27 16 1.86 --------------------------------------------------------------------- including 23 26 3 4.21 --------------------------------------------------------------------- including 36 42 6 0.95 --------------------------------------------------------------------- 05DNC006 17 19 2 2.41 --------------------------------------------------------------------- including 41 42 1 1.20 --------------------------------------------------------------------- including 51 52 1 2.07 --------------------------------------------------------------------- including 65 72 7 2.33 --------------------------------------------------------------------- 05DNC007 36 37 1 2.81 --------------------------------------------------------------------- 05DNC008 No Significant Intersections --------------------------------------------------------------------- 05DNC009 No Significant Intersections --------------------------------------------------------------------- 05DNC010 71 79 8 2.77 --------------------------------------------------------------------- including 71 76 5 3.77 --------------------------------------------------------------------- including 101 103 2 2.96 --------------------------------------------------------------------- 05DNC011 132 134 2 1.93 --------------------------------------------------------------------- including 167 172 5 1.28 --------------------------------------------------------------------- 05DNC013 No Significant Intersections --------------------------------------------------------------------- --------------------------------------------------------------------- All samples were taken on 1m intervals and analyzed by fire assay. Matador matador In bullfighting, the principal performer, who works the capes and attempts to dispatch the bull with a sword thrust between the shoulder blades. Most of the techniques used by modern matadors were established in the 1910s by Juan Belmonte (b. 1894–d. Exploration Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Committee Bay Resources Ltd., maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property. The program is supervised by Peter Kleespies, M.Sc. P.Geol., Vice President of Exploration, who is the Qualified Person as defined by NI 43-101. Committee Bay now controls two major greenstone belts 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. in Nunavut and Western Australia and has the opportunity to conduct year-round exploration on three continents in order to build on its existing gold resources. On behalf of the Board Committee Bay Resources Ltd. /s/"John Williamson John Williamson can refer to different persons:
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 resp onsibility for the adequacy or accuracy of this release. Committee Bay Resources Ltd. (TSX VENTURE:CBR) |
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