Printer Friendly

Fjordland Expands Gold-Copper Mineralization at Woodjam Project, BC; Second Hole Encounters 202 Metres of 0.71 g/t Gold and 0.10% Copper.

VANCOUVER, British Columbia -- Fjordland Exploration Inc. (TSX VENTURE:FEX) reports that the first phase summer drill program at the Woodjam porphyry project in central British Columbia has encountered gold and copper mineralization over significant intersections. Hole 04-33, collared 50 metres grid north of discovery hole 04-32 (announced July 6, 2004) intersected 268 metres grading 0.62 g/t gold and 0.09% copper, and hole 04-35, collared 50 metres grid south of 04-32, returned 294 metres grading 0.45 g/t gold and 0.07% copper.

The drilling, conducted on the Property's Megabuck Zone, consisted of four angled diamond holes and one hole extension designed to extend gold-copper mineralization, and to better understand the geometry of the deposit. A preliminary interpretation of the assay data suggests an irregular, tabular-shaped gold-copper body over 100 metres thick that is open along strike and to a depth of at least 300 metres. Further drilling, scheduled to resume in mid October, may confirm this initial geometry or point to a different model.
Summer 2004 Drill Results at Megabuck Zone, Woodjam

--------------------------------------------------------------------
Drill From To Interval Interval Gold Copper
Hole (metres) (metres) (metres) (feet) (g/t) (%)
--------------------------------------------------------------------
04-32 4.0 382.0 378.0 1,240 0.81 0.12
including 4.0 278.9 274.9 902 1.03 0.14
--------------------------------------------------------------------
04-33 3.1 271.0 267.9 879 0.62 0.09
including 7.0 209.0 202.0 663 0.71 0.10
--------------------------------------------------------------------
04-34 Geochemically elevated gold and copper throughout hole.
--------------------------------------------------------------------
04-35 3.1 297.0 293.9 964 0.45 0.07
including 3.1 147.0 143.9 472 0.66 0.10
--------------------------------------------------------------------
04-36 3.7 223.0 219.3 719 0.30 0.04
including 87.0 147.0 60.0 197 0.54 0.08
--------------------------------------------------------------------



A total of 1,689 metres of core drilling was completed during August 9 - September 11, 2004 with the holes spaced at approximately 50-metre step-outs. Detailed information of the drilling is available on the Company's website; a generalized summary is presented below.

Hole 04-32 was extended from 365.2 metres to a depth of 542.9 metres and significant mineralization was encountered to 382.0 metres, while elevated gold-copper values and encouraging potassic, silicic, and clay alteration in volcanic rocks extend to the bottom of the hole.

Hole 04-33 undercut hole 04-32, 50 metres grid north. Significant continuous mineralization extends from surface to 271.0 metres; elevated gold and copper values in highly altered volcaniclastic rock were encountered to the bottom of the hole at 387.1 metres.

Hole 04-34 undercut 04-33, 50 metres grid north; it is geochemically anomalous in gold and copper values throughout its 373.7 metre length in altered volcaniclastics. Although no potentially economic intervals were intersected, sporadic values up to 0.26 g/t gold and 0.04% copper were encountered. The alteration and elevated metal values suggest proximity to a potentially large mineralized system.

Hole 04-35 was an overcut of 04-32, collared 50 metres grid south. Significant mineralization was encountered from surface to a depth of 297.0 metres, while elevated gold and copper values continued to the bottom of the hole at 370.6 metres. Geologically, the hole encountered a mixed sequence of silicic, potassic and clay altered volcanics, volcaniclastics and intrusives which were locally brecciated. The zone remains open to the south, east and west.

Hole 04-36 was collared on a line 50 metres grid west of hole 04-34 and drilled parallel to it. Significant mineralization was encountered to a depth of 223.0 metres while elevated values of gold and copper extend to the bottom of the hole at 380.0 metres. This is the first hole drilled on this new section and the results confirm that the mineralized system remains wide open.

Drilling at Woodjam is to resume on October 18, 2004. Approximately 2,000 metres in six to eight holes is contemplated within the Megabuck Zone to further expand the mineralized zone.

Historical drilling of 36 mostly shallow holes at Megabuck has found sporadic gold-copper mineralization over a surface area 600 metres by 450 metres that is open. The Megabuck Zone is situated at the western end of a 2-kilometer long induced polarization (IP) anomaly. A 2003 reconnaissance drill hole located within the IP anomaly, 800 metres east of Megabuck, intersected 15 metres grading 0.90% copper, suggesting the potential for other separate but related zones. Yet another potential new gold-copper zone exists approximately 2 kilometres south of Megabuck on a larger IP anomaly; a 1974 drill hole intersected 1.3 g/t gold and 0.13% copper over 10.6 metres.

Regionally, the Woodjam porphyry project is located in central British Columbia's Quesnel Trough mineral belt, a major 2,000 kilometre regional structure that hosts numerous porphyry-style gold-copper deposits including Northgate Mineral's (TSX: NGX) Kemess Mine (282 million tonnes at 0.31 g/t gold and 0.16% copper - Kemess North reserves only), and Imperial Metals Corporation's (TSX: III) Mount Polley mine (32 million tonnes grading 0.34 g/t gold and 0.36% copper - historic reserves from Bell and Springer pits only).

Mr. Bob Johnston, P.Geo., and Mr. Bill Morton, P.Geo., Qualified Persons as defined by National Instrument 43-101, supervised the onsite exploration work at Woodjam. Core samples were split in half at the drill site, with one-half of the core sample retained on site and the other half sent to Acme Analytical Laboratories Ltd, an ISO 9001:2000 accredited laboratory in Vancouver, B.C., for analyses. Samples were analyzed by fire assay fusion with an inductively coupled plasma atomic emission spectroscopy (ICP-ES) finish for gold, and dilute aqua-regia digestion with ICP-ES for a multi-element suite. To monitor quality of assay data, lab controls consist of having two in-house standards, one Fjordland standard, and one blank inserted, as well as one randomly picked duplicate for every thirty samples.

Fjordland Exploration is a mineral exploration company focused on the discovery of gold, silver and base metal deposits. The Company holds 100% options on four bonanza-type gold-silver properties in Nevada and California, USA. In Canada, Fjordland has a 60% earn-in option from Wildrose Resources Ltd. (TSX-V: WRS) on the 4,550 hectare Woodjam gold-copper project located in central British Columbia. For further information visit www.fjordlandex.com.

Victor A. Tanaka, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 
Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Oct 8, 2004
Words:1068
Previous Article:Providyn Selects EasyLink's Integrated Desktop Messaging Solution.
Next Article:Natural Health Trends Corp. Raises Approximately $17 Million in Private Placement.


Related Articles
Wildrose Resources Ltd.: Drilling to Resume at Woodjam Gold-Copper Project.
Imperial Continues to Intersect High Grade Mineralization in the Northeast Zone at Mount Polley.
Wildrose Resources Ltd.: Gold-Copper Mineralization at Woodjam Project, BC Expanded.
Eastfield Resources Ltd.: Drilling Discoveries at Lorraine Deposit System Opens in all Directions.
Candente Expands Copper Zone and Confirms Gold and Silver at Canariaco.
Fjordland Continues to Expand Gold-Copper Porphyry System at Woodjam Project, BC.
Eastfield Resources Ltd.: Copper Peak Area Discovery Hole Extends the Lorraine Mineralizing System 900 Metres South from the Upper Main Zone.
Imperial Continues to Delineate the Northeast Zone and Initiates Southeast Zone Exploration.
Imperial Metals Corporation: Mount Polley Drilling Continues to Extend Green Zone and New Zone Uncovered.
Drilling Continues to Extend Hugo North on Entree's Copper Flats.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters