Drilling at Committee Bay Yields High Grade Gold Discovery.Business Editors EDMONTON, Alberta--(BUSINESS WIRE)--Sept. 2, 2003 New gold discovery at Three Bluffs: High grade Hinge hinge n. A jointed or flexible device that allows the turning or pivoting of a part, such as a door or lid, on a stationary frame. hinge see hinge joint. area at Inuk Area Expands DH 3T006 intercepts 27.41 g/t gold over a length of 9.44m at Three Bluffs DH 3T005 intercepts 61.60 g/t gold over a length of 4.84m at Three Bluffs DH 3T004 intercepts 19.93 g/t gold over a length of 5.00m at Three Bluffs DH 3I001B intercepts 16.04 g/t gold over a length of 12.60m at Inuk 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 drill results from its $1.4 million summer gold exploration program on 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. . Assay results from 1,477m of drilling include six holes at the Three Bluffs occurrence, five holes at the Inuk occurrence and three holes at the Koffy showing. Additionally an aggressive mapping and sampling program was implemented to prioritize pri·or·i·tize v. pri·or·i·tized, pri·or·i·tiz·ing, pri·or·i·tiz·es Usage Problem v.tr. To arrange or deal with in order of importance. v.intr. gold targets over this 300 km long 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. in anticipation of the 2004 program. The most significant drill results include the extension at depth and along strike of high grade gold bearing quartz veins with 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. and sulphidation at Three Bluffs and the continuation of high grade 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. in the hinge area of the iron formation at Inuk. Gold mineralization at Three Bluffs is identified in iron formation and adjacent sediments and has been traced by drilling for over 700m. Mineralization and related alteration Modification; changing a thing without obliterating it. An alteration is a variation made in the language or terms of a legal document that affects the rights and obligations of the parties to it. are progressively more intense to the northeast where the most recent drilling occurred. These results continue to build on the potential of the Three Bluffs area, where multiple gold occurrences have been identified on surface in several parallel zones over a strike length of at least six km. Highlights of these drill results are summarized below and complete results attached.
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Area Hole # From To Length Gold Gold
(m) (m) (m) (g/t) (oz/t)
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Inuk 3I001B 62.00 74.60 12.60 16.04 0.47
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Three Bluffs 3T003 35.00 37.80 2.80 12.80 0.37
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Three Bluffs 3T004 15.28 20.28 5.00 19.93 0.58
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Three Bluffs 3T005 54.60 61.50 6.90 45.40 1.32
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including 54.60 59.44 4.84 61.60 1.80
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Three Bluffs 3T005 99.06 102.80 3.69 29.75 0.87
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Three Bluffs 3T006 60.49 89.07 28.58 10.77 0.31
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including 76.63 86.07 9.44 27.41 0.80
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including 81.86 85.26 3.40 37.41 1.09
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Note: All assays capped at 100 g/t Au
Three Bluffs Drilling: The Three Bluffs area is located in the central part of the greenstone belt and represents a series of iron formations that are interbanded with sediments and mafic maf·ic adj. Containing or relating to a group of dark-colored minerals, composed chiefly of magnesium and iron, that occur in igneous rocks. volcanics. Six drill holes for 694m cover a strike length of 550m along one of the iron formation trends. Drill holes 3T001 and 3T002 were drilled to a depth 80m to define the down dip extent of 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. intervals identified by surface sampling and prior drilling. Both holes intersected narrow zones of high grade gold (12.74 g/t over 0.74m). Further to the east 3T003 was drilled above 4T006 (2.57 g/t Au over 10.05m) and intersected a strongly sulphidized and 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. interval grading 12.80 g/t Au over 2.80m. Visible gold occurs where quartz veining vein·ing n. Distribution or arrangement of veins or veinlike markings. is most intense. The three remaining drill holes (3T004, 3T005 and 3T006) tested a strike length of 240m beyond known gold mineralization northeast of a broad fold flexure flexure /flex·ure/ (flek´sher) a bend or fold; a curvation. caudal flexure the bend at the aboral end of the embryo. cephalic flexure the curve in the midbrain of the embryo. . All three holes intersected multiple zones of disrupted dis·rupt tr.v. dis·rupt·ed, dis·rupt·ing, dis·rupts 1. To throw into confusion or disorder: Protesters disrupted the candidate's speech. 2. and brecciated brec·ci·ate tr.v. brec·ci·at·ed, brec·ci·at·ing, brec·ci·ates To form (rock) into breccia. brec oxide oxide, chemical compound containing oxygen and one other chemical element. Oxides are widely and abundantly distributed in nature. Water is the oxide of hydrogen. Silicon dioxide is the major component of sand and quartz. iron formation that are silicified and replaced by irregular HEIR, IRREGULAR. In Louisiana, irregular heirs are those who are neither testamentary nor legal, and who have been established by law to take the succession. See Civ. Code of Lo. art. 874. bands of 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. with lesser arsenopyrite arsenopyrite (är'sĭnōpī`rīt, ärsĕn`ō–) or mispickel (mĭs`pĭkəl), silver-white to steel-gray mineral with the metallic luster characteristic of a pyrite. and pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. . Distinct clusters of coarse gold occur in the translucent translucent slightly penetrable by light rays. or grey quartz veining that overprint o·ver·print tr.v. o·ver·print·ed, o·ver·print·ing, o·ver·prints To imprint over with something more, especially to print over with another color. n. 1. A mark or impression made by overprinting. sulphides in all three holes. The western most of these three holes, 3T004, intersected a mineralized zone of 19.93 g/t Au over 5.0m. Sulphidization and silicification progressively increase to the east with 3T005 grading 45.40 g/t Au over 6.9m and 3T006 grading 27.41g/t Au over 9.44m. 3T005 has a second mineralized zone of 29.75 g/t Au over 3.69m. The last two holes also contain wide 15 to 20m halos of greater than 3 g/t Au. At Three Bluffs the mineralized zone has been intersected over a 700 m strike length and from surface to a depth of 50m. Mineralization along with corresponding gold grades appears to be most intense over a strike length of approximately 240m at the eastern extent of the mineralized trend. The Three Bluffs iron formation is open to depth and along strike where it has been traced on surface for over 6km. Inuk Drilling: A total of 544m in five drill holes were completed at the northern Inuk gold occurrence in order to test strike and depth extensions of the gold-bearing iron formation. Drill hole 3I001B was designed to follow-up on an intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of 12.81 g/t Au over 4.99 meters in iron formation from a previous program and intersected a zone of 16.04 g/t Au over 12.60m. This hole confirmed the presence of strong quartz veining and sulphide sulphide: see sulfide. (mainly pyrrhotite) that overprints and disrupts the original oxide iron formation banding. Correlation of the high grade intersection in this hole (12.57 g/t Au over 12.6m) suggests mineralization may be flat lying and extend beyond the oxide iron formation. Drill holes 3I002 confirmed and 3I003 extended the distribution of oxide iron formation along the northern limb of the iron formation. Both holes contained elevated sulphide content with anomalous a·nom·a·lous adj. 1. Deviating from the normal or common order, form, or rule. 2. Equivocal, as in classification or nature. gold grades. 3I004 and 3I005 at the southern extent of the hinge intersected sulphidized iron formation with localized Translated into the spoken language of the country. See localization. gold grades. Koffy Drilling: A total of 238.9m in three drill holes were completed at the Koffy gold occurrence in order test high grade gold mineralization at the contact between iron formation and komatiite Komatiites are ultramafic mantle-derived volcanic rocks. They have low SiO2, low K2O, low Al2O3, and high to extremely high MgO. Komatiites were named for their type locality along the Komati River in South Africa. . Surface channel sampling of this contact returned an assay interval of 334.15 g/t Au over 0.8 m. Drillhole 3K001 intersected the mineralized zone 50m below surface and graded 3.03 g/t Au over 3.37m. The two holes at 60m intervals on either side of 3K001 did not 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. significant mineralization. Surface Exploration: Ongoing generative gen·er·a·tive adj. 1. Having the ability to originate, produce, or procreate. 2. Of or relating to the production of offspring. generative pertaining to reproduction. exploration concentrated on seven high priority gold targets recently identified by time domain electromagnetic electromagnetic /elec·tro·mag·net·ic/ (-mag-net´ik) involving both electricity and magnetism. electromagnetic pertaining to or emanating from electromagnetism. airborne surveys. Follow-up mapping and sampling have defined several gold-bearing zones within sulphide-bearing iron formation and shears shears cutting instruments for the removal of wool—sheep shears, or for trimming the hooves of sheep and goats—hoof shears. hoof shears a rugged pair of shears like secateurs but with sharp-pointed blades. . During the program over 500 rock grab samples Noun 1. grab sample - a single sample or measurement taken at a specific time or over as short a period as feasible sample - a small part of something intended as representative of the whole were collected and have yielded a number of new targets. The company has also undertaken a program of regional diamond exploration within the belt. Results from these programs will be provided in subsequent press releases. The company and consultants, APEX apex (a´peks) pl. apexes, a´pices [L.] tip; the pointed end of a conical part; the top of a body, organ, or part.ap´ical apex of lung the rounded upper extremity of either lung. Geocience Ltd. of Edmonton, maintain an extensive quality control program in the preparation, shipping and checking of all samples from the property. The program is 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 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. All samples are assayed at TSL TSL Texas State Library TSL Transport Layer Security TSL Techsideline.com (website) TSL Teen Second Life (website) TSL The Svedberg Laboratory (Uppsala, Sweden) Laboratories and Saskatchewan Research Council The Saskatchewan Research Council is a Saskatchewan, Canada technology corporation, owned by the province. It provides contract research, technology transfer and analytical services to companies in Saskatchewan and around the world. in Saskatoon Saskatoon (săskət  n`), city (1991 pop. 186,058), S central Sask., Canada, on the South Saskatchewan River. on a 50 gram fire assay using standard sample
preparation and fire assay procedures with an atomic absorption finish.
All samples assaying over 7.5 g/t Au are re-assayed with a gravimetric gravimetric /grav·i·met·ric/ (grav?i-me´trik) pertaining to measurement by weight; performed by weight, as a gravimetric method of drug assay. grav·i·met·ric adj. 1. finish. All samples assaying over 20 g/t Au are re-assayed with a standard metallics procedure. Gold Fields Gold Fields Limited is one of the world’s largest unhedged producers of gold, providing investors with maximum leverage to the gold price. The company was formed in 1998 with the amalgamation of the gold assets of Gold Fields of South Africa Limited and Gencor Limited. Limited, through a subsidiary, is funding all gold exploration on the Committee Bay Project as part of its option to earn a 55 % interest in the property by spending US$5.0 million over the next 4 years. Committee Bay Resources Ltd. is the operator. The Committee Bay Greenstone Belt is believed to represent one of the largest unexplored greenstone belts in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. with excellent gold potential. CBR holds approximately 500,000 acres of land with prospective geology in the Committee Bay area west of Melville Peninsula Melville Peninsula, 24,156 sq mi (62,564 sq km), c.250 mi (400 km) long and from 70 to 135 mi (113–217 km) wide, Nunavut, Canada, between the Gulf of Bothnia and Foxe Basin, and separated from Baffin Island to the N by the Fury and Hecla Strait; it is joined to , Nunavut, which will form the Area of Mutual Interest for the Joint Venture. On behalf of the Board COMMITTEE BAY RESOURCES LTD John Williamson John Williamson can refer to different persons:
P.Geol., President
Committee Bay Resources Ltd
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Committee Bay Project - Summer 2003 Exploration Results
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Area Hole # From To Length Gold Gold
(m) (m) (m) (g/t) (oz/t)
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2003 Drilling
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Inuk 3I001a abandoned
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Inuk 3I001b 62.00 74.60 12.60 16.04 0.47
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3I001b including 62.00 72.50 10.50 17.28 0.50
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Inuk 3I002 51.50 62.00 10.50 2.65 0.08
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3I002 including 51.50 54.50 3.00 5.08 0.15
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Inuk 3I003 no significant intersection
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Inuk 3I004 no significant intersection
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Inuk 3I005 36.50 38.00 1.50 2.16 0.06
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Koffy 3K001 52.38 55.85 3.37 3.03 0.09
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Koffy 3K002 no significant intersection
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Koffy 3K003 no significant intersection
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Three Bluffs 3T001 84.04 88.70 4.66 2.40 0.07
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3T001 and 107.6 109.5 1.90 5.30 0.15
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Three Bluffs 3T002 27.25 30.99 3.74 3.44 0.10
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3T002 including 30.25 30.99 0.74 12.72 0.37
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3T002 and 63.35 69.11 5.76 2.55 0.07
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Three Bluffs 3T003 32.50 38.65 6.15 9.92 0.29
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3T003 including 35.00 37.80 2.80 12.80 0.37
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3T003 including 36.50 37.8 1.30 15.94 0.46
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3T003 43.50 45.20 1.70 7.19 0.21
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3T003 53.60 59.95 6.35 3.08 0.09
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3T003 including 53.60 55.20 6.35 8.77 0.26
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Three Bluffs 3T004 8.90 20.28 11.38 9.55 0.28
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3T004 including 13.7 20.28 6.58 15.75 0.46
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3T004 including 15.28 20.28 5.00 19.93 0.58
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3T004 including 17.28 20.28 3.00 28.72 0.84
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Three Bluffs 3T005 54.60 67.50 12.90 24.83 0.72
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3T005 including 54.60 62.48 7.88 40.25 1.17
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3T005 including 54.60 61.50 6.90 45.40 1.32
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3T005 including 54.60 59.44 4.84 61.60 1.80
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3T005 and 99.06 102.80 3.69 29.75 0.87
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3T006 60.49 89.07 28.58 10.77 0.31
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Three Bluffs 3T006 including 71.63 86.07 14.44 19.01 0.55
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3T006 including 76.63 86.07 9.44 27.41 0.80
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3T006 including 81.86 85.26 3.40 37.41 1.09
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1997 Drilling
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Inuk 7I001 no
significant
intersection
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Inuk 7I002 no
significant
intersection
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Inuk 7I003 50.20 78.32 28.12 3.64 0.11
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7I003 including 54.20 66.30 12.10 6.47 0.19
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7I003 including 60.33 65.32 4.99 12.81 0.37
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Inuk 7I004 no
significant
intersection
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Inuk 7I005 no
significant
intersection
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Inuk 7I006 53.05 59.00 5.95 1.12 0.03
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1996 Drilling
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Three Bluffs 6T001 42.70 48.85 6.15 4.70 0.14
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6T001 including 45.70 47.85 2.15 9.19 0.27
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Three Bluffs 6T002 39.12 49.20 10.08 3.35 0.10
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including 39.12 42.70 3.58 3.53 0.10
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and 67.93 70.00 2.07 6.37 0.19
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Three Bluffs 6T003 80.80 83.72 2.92 2.85 0.08
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Three Bluffs 6T004 131.30 141.72 10.42 1.57 0.05
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Three Bluffs 6T005 33.60 40.60 7.00 5.23 0.15
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including 37.63 40.60 2.97 8.31 0.24
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including 38.71 40.60 1.89 11.52 0.34
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Three Bluffs 6T006 73.40 80.89 7.49 3.39 0.10
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including 75.89 79.87 3.98 4.40 0.13
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including 75.89 77.88 1.99 6.01 0.18
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1994 Drilling
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Antler 4A001 30.00 36.64 6.64 1.53 0.04
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Antler 4A002 no
significant
intersection
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Three Bluffs 4T001 no
significant
intersection
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Three Bluffs 4T002 35.84 41.80 5.96 4.79 0.14
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including 39.25 41.80 2.55 8.58 0.25
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Three Bluffs 4T003 33.80 36.70 2.90 2.91 0.08
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Three Bluffs 4T004 69.00 84.45 15.45 3.27 0.10
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including 75.62 82.62 7.00 4.81 0.14
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including 76.62 80.62 4.00 6.88 0.20
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Three Bluffs 4T005 24.20 34.90 10.7 2.52 0.07
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including 24.20 28.40 4.20 3.72 0.11
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including 30.40 32.40 2.00 4.51 0.13
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Three Bluffs 4T006 153.30 163.35 10.05 2.57 0.07
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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. NOTE: There are 4 maps available on CCNMatthews' website at http://www2.ccnmatthews.com/database/fax/2000/maps4.doc |
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