Chapleau Resources Intersects 11.0 m of 0.62 % Copper and 0.10 g/t Gold in Hole #7 on the La Yegua Copper-Gold Porphyry Project
2008年5月10日 - 3:23AM
Marketwired
CRANBROOK, BRITISH COLUMBIA intersects further encouraging
copper mineralization at the La Yegua porphyry copper-gold project
in Peru. Geochemical results for the last two holes, #6 and #7,
have been received. Hole #7, drilled approximately 315.0 m east of
Hole #1, intersected 114.0 m of 0.24 % copper with 0.03 g/t gold
from 18.0 to 134.0 m. Included in the 114.0 m of copper
mineralization was an interval of 11.0 m of 0.62 % copper and 0.10
g/t gold from 75.0 to 86.0 m. A further 27.0 m interval of 0.26 %
copper and 0.04 g/t gold was intersected from 134.0 to 161.0 m in
Hole #7. This hole was drilled across the valley and 315.0 m east
of Hole #1 and in an area with a molybdenum anomaly in rock chips
of 33 to 37 ppm Mo (see maps on website:
www.chapleauresources.com/projectmaps.php?ID=15). This intersection
is very encouraging as this eastern side of the valley has further
molybdenum anomalies in rock chips (45 to 251 ppm Mo) together with
evidence of porphyry copper alteration (potassic) and showings of
copper oxides which have not been drilled. Hole #6 drilled 133.0 m
south of Hole #1 drilled low grade copper mineralization with an
interval of 124.0 m of 0.08 % copper from 32.0 to 156.0 m. Summary
logs with gold and copper results for Holes #6 and #7 are posted on
the Chapleau website:
http://www.chapleauresources.com/content/Projects/resultsddh67may0808.pdf.
This recent copper intersection in Hole #7 opens up the eastern
and southeastern side of the La Yegua property for further
exploration. Field crews will now be mobilized to extend the
mapping and sampling in the eastern and southeastern zones and this
fieldwork is expected to continue through June 2008. Further
exploration will also be conducted on the remainder of the 4,100 ha
concession and in particular an area 4.0 to 5.0 km to the southwest
of the current drilling, with gold and copper veins. The gold and
copper veins were previously recognized by Bear Creek in 2004 and
were mapped over an area of approximately 1.9 km2. Strongly
anomalous gold in rock samples were reported by Bear Creek from
this southwestern part of the La Yegua concession with grades of
between 0.20 g/t to 8.65 g/t gold, together with copper values of
up to 2.31 % Cu.
La Yegua consists of 4,100 ha of claims located only 20.0 km
northeast of the Los Chancas porphyry copper deposit with a
reported 4.4 billion pounds of copper and 771,600 oz of gold (200
million tonnes @ 1.0 % Cu, 0.12 g/t Au and 0.08 % Mo). Los Chancas
is owned by Southern Copper Corporation.
On January 29, 2008, Chapleau and Bear Creek Exploration Company
Ltd., a wholly owned subsidiary of Bear Creek Mining Corporation
(TSX VENTURE: BCM), signed a Definitive Option Agreement on the La
Yegua project whereby Chapleau can earn up to a 75 % interest in
the project. The terms of the Option Agreement allow Chapleau to
earn a 51% interest in the property by spending a total amount of
US$2,775,000 in exploration over a four year period and the
granting of the equivalent of US$350,000 in Chapleau shares during
the four years. With the issuance of an additional 1,250,000
shares, Chapleau may increase the vested interest from 51% to
75%.
The first four holes at La Yegua were drilled vertically and
Holes #5 and #6 were drilled at an angle of 60 degrees with an
azimuth of 050 degrees. Hole #7 was drilled at an angle of 45
degrees with an azimuth of 060 degrees. Drill cores were taken at a
minimum of 0.4 m and a maximum of 2.0 m intervals. All core samples
(HQ and NQ diameter) were cut with a diamond saw and one-half of
the core placed in bags, numbered and sealed then sent via a secure
transport agency to the Company's main office in Lima, Peru for
shipping directly to the ALS Chemex laboratory in Lima. The core
samples were then crushed down to 2 mm, and a split of 250 g was
taken and pulverized to better than 85% minus 200 mesh. Gold
analysis was by fire assay of a 30 g sample and an atomic
absorption finish. Copper and an additional 40 elements using aqua
regia acid digestion were analyzed by Inductively Coupled Plasma
(ICP). As part of the Company's QA/QC program duplicates, blanks
and internationally recognized standards were included in the
sample batches to check on assay precision and accuracy. ALS Chemex
which is an ISO 9001:2000 and ISO 17025: 2005 registered laboratory
also has a quality control program in place which includes
standards and duplicates.
This press release was prepared by Ian Gendall, Pr. Sci. Nat., a
qualified person in compliance with National Instrument 43-101.
For technical information regarding this press release, kindly
contact Ian Gendall at 604 669 8511.
BY ORDER OF THE BOARD OF DIRECTORS
CHAPLEAU RESOURCES LTD.
Ian Gendall, President
This news release may contain forward-looking statements
including but not limited to comments regarding the timing and
content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes,
etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties.
Actual results may differ materially from those currently
anticipated in such statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Chapleau Resources Ltd. Ian Gendall President (604)
669-8511 (604) 669-7712 (FAX) Email: info@chapleauresources.com
Website: www.chapleauresources.com
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