Cumberland Reports Additional Drill Results from Meadowbank Gold Project.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 -- CUMBERLAND RESOURCES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (AMEX AMEX See: American Stock Exchange :CLG CLG College CLG Ceiling CLG Collagenase CLG Cumann Lúthchleas Gael (Club of the Gaelic Athletic Association) CLG Community Liaison Group CLG Calling Line CLG Change to Lower Grade (civilian personnel) ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CLG) is pleased to report additional Phase I 2004 drill results from the Company's 100% owned Meadowbank gold project, located 70 kilometres north of the Hamlet Hamlet Tragic hero who tarries and broods over revenge and suicide. [Br. Lit.: Hamlet] See : Indecision Hamlet introspective, vacillating Prince of Denmark. [Br. Lit. 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. Territory. The Meadowbank 2004 exploration program, with a budget of $5.9 million, is focusing on deposit and open pit expansion, and exploration of new targets within the 25 kilometre gold trend. The Phase I program consisted of 90 drill holes in approximately 14,700 metres. The Phase II program is ongoing and will continue through September. At the Vault vault, ceiling over a room, formed in any one of a variety of curved shapes. Nature of Vaults A vault is generally composed of separate units of material, such as bricks, tiles, or blocks of stone, so shaped or cut that when assembled they form a deposit, one of three preliminary open pit designs at Meadowbank, the Phase I drill program focused on expansion of the Vault open pit design through conversion of inferred resources into the measured and indicated resource category and exploration for the continuation of 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. at the Phaser Lake target, located 400 metres southwest of the Vault deposit. Highlights from 2004 infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. drilling at the Vault deposit include:
5.75 g/t gold over 11.30 m at 45 m below surface in hole VLT04-231
7.14 g/t over 3.44 m at 80 m below surface in hole VLT04-227
6.41 g/t over 3.35 m at 80 m below surface in hole VLT04-233
6.02 g/t over 6.01 m at 94 m below surface in hole VLT04-242
3.17 g/t over 13.01 m at 60 m below surface in hole VLT04-225
"Closely-spaced drill holes in the northeast portion of the Vault deposit have provided the definition of near-surface higher grade resources necessary to maximize open pit potential and will support the ongoing feasibility," remarked Kerry Curtis, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "In addition, drilling at Phaser Lake confirms the extension of a low grade 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. horizon for an additional 500 metres which remains open for further exploration." The Vault deposit is one of six closely-spaced, near surface gold deposits at the Meadowbank gold project. Vault Deposit Resources - Q1/2004(i) --------------------------------------------------------------------- Resource Category Tonnes Grade (g/t) Ounces Gold --------------------------------------------------------------------- Measured and Indicated 7,944,000 3.6 919,000 --------------------------------------------------------------------- Inferred 2,513,000 3.8 307,000 --------------------------------------------------------------------- The 2004 drilling is designed to convert near-surface inferred resources in the northeast sector of the Vault deposit into measured and indicated resources for potential open pit expansion. Based on previous wide-spaced drilling, the northeastern sector of the deposit was known to host higher than average grades with hole VLT VLT Valletta (postal locality, Malta) VLT Very Large Telescope VLT Video Lottery Terminal VLT Vermont Land Trust VLT Visible Light Transmittance VLT Variable List Table VLT Very Long-Term 02-056 intersecting in·ter·sect v. in·ter·sect·ed, in·ter·sect·ing, in·ter·sects v.tr. 1. To cut across or through: The path intersects the park. 2. 5.04 g/t over 10.75 metres at 60 metres below surface. The Phase I 2004 program included 14 infill drill holes spaced over the 150 metre length of the northeast flank flank (flank) the side of the body between ribs and ilium. flank n. 1. The side of the body between the pelvis or hip and the last rib; the side. 2. of the deposit. These holes intersected mineralization at predicted depths and have yielded grades which are generally above the average grade of the deposit. In 2003, exploration drilling located 400 metres southwest of the Vault deposit, at Phaser Lake, intersected shallow gold mineralization. Drill hole VLT03-135 intersected 6.08 g/t gold over 1.30 metres at a depth of 13 metres below surface and drill hole VLT03-141 intersected 2.99 g/t over 1.31 metres at a depth of 29 metres below surface (see news release NR03-20). In 2004, an additional 12 drill holes have extended this mineralization over a 500 metre by 350 metre area. While the grade and width of mineralization intercepted by drilling in 2004 is low and considered non-economic, the continuity and style of mineralization is identical to that of the Vault deposit and further wide-spaced drilling is planned to determine the potential for the extension of higher grade mineralization south and west of the Vault deposit. The Vault mineralized horizon is now known to extend for 1.8 kilometres along strike and is open for continued exploration to the southwest and at depth. A table of initial drill results and a drill hole location map are attached to this release. Additional results from the Meadowbank Phase I spring drill program will be announced within the next several weeks and the Phase II summer drill program will continue through September. The Meadowbank project is host to the third largest undeveloped gold resource in Canada. Meadowbank Project Resources - Q1/2004(i) --------------------------------------------------------------------- Resource Category Tonnes Grade (g/t) Ounces Gold --------------------------------------------------------------------- Measured and Indicated 21,685,000 4.3 2,998,000 --------------------------------------------------------------------- Inferred 5,700,000 4.3 788,000 --------------------------------------------------------------------- Cumberland is completing a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. on the Meadowbank gold project. Initiated in 2003, completion of the feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. was extended in early 2004 due to global escalations in fuel, steel and other construction items which impacted the preliminary construction cost estimates for the project. The Company is completing a 2004 drill program to enhance gold resources at Meadowbank and is progressing on an extensive range of feasibility optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. studies with the goal of completing feasibility in the fall of 2004. Cumberland is a well financed mineral exploration and development company which holds interests in two undeveloped gold properties in Nunavut, Canada: Meadowbank (100%) and Meliadine West (22% carried to production). CUMBERLAND RESOURCES LTD. Kerry M. Curtis, B.Sc., P.Geo., President and CEO Roger B. March, P.Geo., is the Senior Project Geologist and designated Q.P. for the Meadowbank Project. Mr. March has supervised su·per·vise tr.v. su·per·vised, su·per·vis·ing, su·per·vis·es To have the charge and direction of; superintend. [Middle English *supervisen, from Medieval Latin drill hole planning, implementation and quality control/quality assurance programs at the Meadowbank Project since 1996. Drill core analysis is performed on split core with standard fire assay procedures and AA finish. QA/QC QA/QC Quality Assurance/Quality Control programs employ random insertion of four internal standards, field duplicates and blank samples. Gravimetric analysis gravimetric analysis n. The determination of the quantities of the constituents of a compound. is performed on any sample yielding greater than 1 g/t gold in fire assay. Primary assaying is performed by IPL (Initial Program Load) Same as boot. 1. IPL - Information Processing Language. 2. IPL - Internet Public Library. 3. IPL - Initial Program Load. 4. IPL - Initial Program Loader. Laboratories, of Vancouver. ACME Analytical Laboratories of Vancouver provides external reference assaying. (i) Mineral resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity selectivity /se·lec·tiv·i·ty/ (se-lek-tiv´i-te) in pharmacology, the degree to which a dose of a drug produces the desired effect in relation to adverse effects. selectivity 1. , mining loss and dilution. These mineral resource estimates include inferred mineral resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized cat·e·go·rize tr.v. cat·e·go·rized, cat·e·go·riz·ing, cat·e·go·riz·es To put into a category or categories; classify. cat as mineral reserves. There is also no certainty that these inferred resources will be converted to measured and indicated categories through further drilling, or into mineral reserves once economic considerations are applied. The standards employed by AMEC AMEC African Methodist Episcopal Church AMEC Agent Mediated Electronic Commerce AMEC Arctic Military Environmental Cooperation AMEC Advanced Micro-Fabrication Equipment Inc AMEC Association of Media Evaluation Companies in estimating the mineral resources differ significantly from the requirements of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Commission and the resource information reported by United States companies This is a list of companies from the United States:
: . The term "resources" does not equate e·quate v. e·quat·ed, e·quat·ing, e·quates v.tr. 1. To make equal or equivalent. 2. To reduce to a standard or an average; equalize. 3. to "reserve" and normally may not be included in documents filed with the Securities and Exchange Commission. "Resources" are sometimes referred to as "mineralization" or "mineral deposits". Resource estimates (Q1/2004) were prepared in conformance con·for·mance n. Conformity. Noun 1. conformance - correspondence in form or appearance conformity agreement, correspondence - compatibility of observations; "there was no agreement between theory and with the requirements set out in National Instrument 43-101 by AMEC independent qualified persons as defined by NI 43-101. All resource estimates (except for the PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. deposit which is not included in the current feasibility study) have been prepared by AMEC independent qualified persons as defined by NI 43-101 under the direction of Steve Blower, P.Geo. (ii) True thickness of intersections ranges from 95-100% of intersected widths. This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward looking statements.
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2004 SPRING DIAMOND DRILLING RESULTS: Vault Composites
HOLE - ID LOCATION FROM TO GRADE WIDTH VERTICAL
(m) (m) Au (g/t) (m) DEPTH (m)
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VLT04-225 5100N 4850W 56.50 69.51 3.17 13.01 60
incl 58.63 62.45 4.55 3.82
and 66.21 69.51 4.80 3.30
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VLT04-226 5100N 4900W 44.70 51.24 2.29 6.54 45
incl 47.76 48.17 9.48 0.41
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VLT04-227 5150N 4833W 83.77 87.21 7.14 3.44 80
incl 84.55 86.75 10.61 2.20
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VLT04-229 5150N 4730W 121.37 126.82 3.51 5.45 117
incl 125.32 126.07 11.61 0.75
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VLT04-231 5150N 4934W 42.30 53.60 5.75 11.30 45
incl 42.30 44.99 6.97 2.69
and 47.90 53.60 7.66 5.70
and 49.15 51.40 12.79 2.25
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VLT04-233 5200N 4852W 83.30 86.65 6.41 3.35 80
incl 85.00 86.65 10.38 1.65
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VLT04-235 5200N 4902W 69.56 72.82 1.95 3.26 67
incl 69.56 70.32 5.62 0.76
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VLT04-237 5150N 4984W 26.67 40.57 1.83 13.90 30
incl 34.16 39.57 2.52 5.41
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VLT04-239 5100N 5000W 17.00 21.15 1.26 4.15 18
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VLT04-242 5200N 4802W 97.70 103.71 6.02 6.01 94
incl 100.88 102.74 13.25 1.86
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VLT04-244 5250N 4877W NSV
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VLT04-246 5200N 5002W NSV
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VLT04-247 5250N 4977W NSV
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VLT04-248 5200N 4927W NSV
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2004 SPRING DIAMOND DRILLING RESULTS: Phaser Lake Composites
HOLE - ID LOCATION FROM TO GRADE WIDTH VERTICAL
(m) (m) Au (g/t) (m) DEPTH (m)
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VLT04-213 3930N 4700W 62.98 63.98 3.87 1.00 60
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VLT04-214 3850N 4750W 39.94 41.33 1.20 1.39 38
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VLT04-215 3850N 4650W 47.60 49.73 1.09 2.13 46
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VLT04-216 3775N 4700W 53.21 56.13 1.54 2.92 52
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VLT04-217 3775N 4825W NSV
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VLT04-218 3700N 4750W 26.69 36.91 1.26 10.22 40
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VLT04-219 3700N 4650W 83.00 84.18 2.26 1.18 77
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VLT04-220 3625N 4700W 59.80 60.80 1.26 1.00 56
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VLT04-221 3625N 4775W NSV
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VLT04-222 3775N 4600W 66.20 66.96 1.22 0.76 62
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VLT04-223 3850N 4550W 91.82 93.32 2.45 1.50 86
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VLT04-224 3930N 4600W 80.23 81.96 1.60 1.73 76
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Intercepts reported at 1 g/t gold cut-off with a maximum inclusion of
2 metres.
Higher grade intersections reported at a 5 g/t gold cut-off.
To view maps click on the following link: http://www2.cdn-news.com/database/fax/2000/CLGmaps.pdf. |
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