Gold Fields Expands Discoveries at Woodjam North, B.C.
2010年1月13日 - 1:15AM
Marketwired
Cariboo Rose Resources Ltd. (TSX-V: CRB) and Fjordland Exploration
Inc. (TSX-V: FEX), the Woodjam Joint Venture ("WJV") 40%/60%
partners, are pleased to report that Gold Fields Horsefly
Exploration Corporation (a member of the Gold Fields Limited group
of companies (NYSE: GFI) has forwarded the results of drilling
completed between October and mid-December 2009 on the Woodjam
North gold-copper property, located 45 kilometres east of Williams
Lake in central British Columbia. The drill program will continue
in early February, 2010.
Gold Fields tested two areas, completing 11 core holes for
3,589.6 m in the Takom Zone and 3 core holes for 993.6 m in the
Deerhorn Zone for a total of 4,583.3 m. Both these areas tested and
stepped out from mineralization previously outlined by the WJV on
the Woodjam North property and lie several kilometers south and
east respectively, from the previously drilled Megabuck Zone. The
Southeast Zone discovery lies on the Woodjam South property several
kilometers east of the Takom Zone and is not included in the Gold
Fields option. Previously reported drill holes completed in 2008 by
the WJV in these areas includes: hole WJ08-87 in the Takom Zone
which returned 0.60 g/t Au and 0.34 % Cu over 71.8 m and hole
WJ08-93 in the Deerhorn Zone which returned 0.50 g/t Au and 0.22 %
Cu over 69.0 m.
Highlights of the assay results received include the following
intervals over core lengths: 0.58 g/t Au and 0.43% Cu over 101.0 m
(from 114.0 m in hole TK09-001 at Takom); and 1.16 g/t Au and 0.26%
Cu over 89.50 m (from 165.0 m in hole DH09-003 at Deerhorn).
Most of the drill holes intersected copper-gold mineralization
indicating that further drilling will be required to define the
mineralized zones. Drill hole locations may be viewed on the
website: www.cariboorose.com. A summary of significant drill
intercepts follows:
Deerhorn Zone:
Au Eq
Hole ID* From(m)* To (m)* Int.(m)* Cu% Au g/t g/t*
-------- ------------ -------- ------ --------- ------
DH09-001 88.84 358.14(eoh) 269.30 0.13 0.02 0.25
-------- ------------ -------- ------ --------- ------
including 88.84 162.00 73.16 0.24 0.04 0.47
-------- ------------ -------- ------ --------- ------
DH09-002 NSR
-------- ------------ -------- ------ --------- ------
DH09-003 40.73 254.50(eoh) 213.80 0.12 0.50 0.72
-------- ------------ -------- ------ --------- ------
including 165.00 254.00 89.50 0.26 1.16 1.63
-------- ------------ -------- ------ --------- ------
Takom Zone:
Au Eq
Hole ID* From(m)* To (m)* Int.(m)* Cu% Au g/t g/t*
-------- ------------ -------- ------ --------- ------
TK09-001 6.20 341.99(eoh) 335.79 0.24 0.27 0.70
-------- ------------ -------- ------ --------- ------
including 6.20 215.00 208.80 0.35 0.40 1.03
-------- ------------ -------- ------ --------- ------
including 114.00 215.00 101.00 0.43 0.58 1.35
-------- ------------ -------- ------ --------- ------
TK09-002 NSR
-------- ------------ -------- ------ --------- ------
TK09-003 8.70 254.51(eoh) 245.81 0.11 0.05 0.25
-------- ------------ -------- ------ --------- ------
including 8.70 96.00 87.30 0.16 0.07 0.36
-------- ------------ -------- ------ --------- ------
including 146.00 180.00 36.00 0.15 0.08 0.35
-------- ------------ -------- ------ --------- ------
TK09-004 13.72 30.00 16.28 0.16 0.19 0.48
-------- ------------ -------- ------ --------- ------
TK09-005 108.00 179.00 71.00 0.14 0.03 0.28
-------- ------------ -------- ------ --------- ------
TK09-006 331.00 359.00 29.88 0.14 0.02 0.27
-------- ------------ -------- ------ --------- ------
TK09-007 NSR
-------- ------------ -------- ------ --------- ------
TK09-008 33.53 124.00 90.47 0.22 0.11 0.51
-------- ------------ -------- ------ --------- ------
TK09-009 NSR
-------- ------------ -------- ------ --------- ------
TK09-010 184.00 263.00 79.80 0.20 0.13 0.49
-------- ------------ -------- ------ --------- ------
TK09-011 NSR
-------- ------------ -------- ------ --------- ------
* (intervals are core lengths; DH = Deerhorn Zone; TK = Takom
Zone; NSR = no significant results; eoh = end of hole; Au
Equivalent (Au Eq) was calculated using US$950/oz gold, US$2.50/lb
copper. The calculation to derive Au Eq = ((%Cu x 22 x price Cu/lb)
/ (price Au/oz x 0.03215)) + Au g/t)
Cariboo Rose and Fjordland management are excited about the new
drilling results that continue to show the substantial discovery
and grade potential of the Woodjam North property.
Gold Fields has an option to earn up to a 70% interest in the
property by spending $19 million in exploration over the next 7
years (see July 30, 2009 News Release for details). Gold Fields
budgeted approximately $3 million for the first-year work program
including drill testing, IP geophysical surveying, soil
geochemistry and high resolution airborne geophysical surveying on
the 40,750-hectare property. This program will resume in February
and will comprise further drill testing of the Takom and Deerhorn
Zones as well as other target areas.
G.L. Garratt, P. Geo., who is a qualified person within the
context of National Instrument 43-101, has read and takes
responsibility for this news release. Gold Fields, as operator of
the exploration program has quality assurance-quality control
procedures in place.
Glen Garratt, P.Geo.
VP Exploration, Director
Cariboo Rose Resources Ltd.
About Gold Fields Limited
Gold Fields is one of the world's largest unhedged producers of
gold with attributable production of 3.6 million ounces* per annum
from nine operating mines in South Africa, Ghana, Australia and
Peru. Gold Fields also has an extensive growth pipeline with both
greenfields and near mine exploration projects at various stages of
development. Gold Fields has total attributable Mineral Reserves of
81 million ounces and Mineral Resources of 271 million ounces.
*Based on the annualized run rate for the first quarter of
F2010.
About Cariboo Rose Resources Limited
Cariboo Rose Resources Limited is a Canadian public resource
company that trades on the TSX - Venture exchange under the symbol
CRB. Cariboo Rose has six gold, copper and molybdenum exploration
projects in Western Canada. Cariboo Rose Resources Ltd. (40%) and
Fjordland Exploration Inc. (60%) comprise the Woodjam Joint
Venture. Gold Fields Horsefly Exploration Corporation, a member of
the Gold Fields Limited group of companies, may earn up to a 70%
interest in the 40,750-hectare Woodjam North gold-copper property
by spending $19 million on exploration over 7 years; a $3 million
exploration program is currently in progress. The Woodjam Joint
Venture also owns the 13,807 hectare Woodjam South property which
adjoins the Woodjam North property. For more information please
visit the Company's website at www.cariboorose.com.
The TSX - Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This
news release may contain certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended. All statements, other than
statements of historical fact, included herein are forward-looking
statements that involve various risks and uncertainties. There can
be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations
are disclosed in the Company's documents filed from time to time
with the TSX - Venture Exchange, the British Columbia Securities
Commission and the US
Contact: Paul Way Business Development Manager Phone: (604)
681-7913 Toll Free: 888-656-6611 email: pway@eastfieldgroup.com
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