Skybridge Extends Blue Caribou Copper-Moly Zone to Depth, Extends Gold Zone Along Strike and Obtains Rhenium Values up to 10 Gra
2008年10月14日 - 10:27PM
Marketwired
SKYBRIDGE DEVELOPMENT CORP. (TSX-V: SBD) is pleased to announce
assay results from eight (8) final holes on its Blue Caribou Copper
Deposit (Table 1). The current series of holes with assays of up to
4.35% copper and 0.087% molybdenum over 4.0m extends the deposit
dimensions to a drill indicated strikelength of 900m and open at a
depth of 200m down dip. The host Quartz Breccia Structure is up to
13.2m (43ft) wide at 200m down dip. A deep-seeking time domain
electromagnetic survey is planned to test continuity and target
additional mineralization at depth. The full set of Phase 1&2
drill assays may be viewed at
www.skybridgedevelopment.com/i/pdf/Presentation.pdf.
The Company has received rare metal Rhenium assays of up to
10g/t Re from select mineralized drill core samples at Blue
Caribou. Given Rhenium's current market price of approximately
US$12,000/kg or $400 per ounce and the high potential value-added
nature of a rhenium credit to economics of the property, the
Company plans a more detailed study of molybdenum and rhenium
distribution at Blue Caribou.
New surface assays received from the Blue Caribou Gold Zone,
have extended the known gold mineralized corridor to approximately
9km on the Blue Caribou claims. Values up to 13.62 g/t gold were
received from a series of grab samples. Values from four
stratigraphic test holes collared at broad multi-kilometre spacings
in the gold corridor consistently encountered sheared and magnetite
and carbonate altered volcanics in contact with a granodiorite
intrusion. Anomalous gold values up to 3.63g/t gold over 1.0m were
obtained. A complete listing of gold values using a 0.5g/t gold
cutoff is provided in Table 2. Gold hole locations are shown at
www.skybridgedevelopment.com/i/pdf/Presentation.pdf.
Management is encouraged by the persistent and locally high
grade nature of copper and gold mineralization with associated iron
enrichment in a granodiorite dominated geological terrane. Results
to date are consistent with an Iron Oxide Copper Gold (IOCG)
mineral deposit model which continues to guide exploration efforts
at Blue Caribou. IOCG deposits (e.g Olympic Dam) host some of the
world's largest known concentrations of gold and copper and
associated byproduct elements.
-***-
Table 1: New Drilling Assays Utilizing a 1.0% Copper Assay Cutoff,
Blue Caribou Project, Nunavut
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Hole no. 1% Cu Cutoff Copper Moly Silver Gold
Section/Dip Interval (m / ft) (%) (%) (g/t) (g/t)
---------------------------------------------------------------------
BC08-25
880E/-50 37.2 - 39.4 (2.2/ 7.2) 1.30 0.298 19.52 0.13
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BC08-26
880E/-85 40.0 - 41.0 (1.0/ 3.3) 1.74 0.00 24.29 0.05
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BC08-27
1178E/-50 86.5 - 89.5 (3.0/ 9.9) 3.08 0.031 30.69 0.19
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BC08-28
1178E/-85 93.3 - 97.3 (4.0/ 13.1) 4.35 0.025 28.53 0.16
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BC08-29
1047E/-50 85.1 -- 91.6 (6.5 / 21.3) 3.15 0.020 36.60 0.26
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BC08-30
1047E/-85 102.8 -- 105.0 (2.2/ 7.2) 2.09 0.289 24.40 0.18
---------------------------------------------------------------------
BC08-31
943E/-50 78.0 -- 80.0 (2.0/ 6.6) 1.20 0.072 17.86 0.07
---------------------------------------------------------------------
BC08-32
943E/-85 77.6 -- 79.6 (2.0/ 6.6) 2.42 0.087 35.24 0.21
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Table 2: Blue Caribou Gold Zone Drill Results - 0.5g/t Au assay cutoff
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LOCATION AREA METERAGE GOLD g/t
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SK08-01 North Zone 46.5 - 50.7 (4.2 / 13.8) 0.99
7231416N
295/-50
-----------------------------------------------------------------
SK08-01 73.0 - 74.0 (1.0 / 3.3) 3.63
-----------------------------------------------------------------
SK08-01 75.0 - 76.5 (1.5 / 4.9) 0.582
-----------------------------------------------------------------
SK08-01 84.5 - 86.4 (1.9 / 6.2) 0.587
-----------------------------------------------------------------
SK08-01 98.5 - 99.2 (0.7 / 2.3) 0.711
-----------------------------------------------------------------
-----------------------------------------------------------------
SK08-02 South Zone 38.5 - 40.0 (1.5 / 4.9) 0.572
7227287N
210/-50
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SK08-02 107.0 - 108.5 (1.5 / 4.9) 1.23
-----------------------------------------------------------------
SK08-03 EM Anomaly 80.0 -- 81.5 (1.5 / 4.9) 0.626
7233311N (1.9km north of
270/-50 North Zone)
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SK08-03 86.0 -- 87.5 (1.5 / 4.9) 0.782
-----------------------------------------------------------------
SK08-03 105.5 -- 107.0 (1.5 / 4.9) 0.738
-----------------------------------------------------------------
SK08-03 156.5 -- 158.0 (1.5 / 4.9) 0.579
-----------------------------------------------------------------
-----------------------------------------------------------------
SK08-03 164.0 -- 165.5 (1.5 / 4.9) 0.639
-----------------------------------------------------------------
-----------------------------------------------------------------
SK08-04 EM Anomaly 114.5 -- 116.0 (1.5 / 4.9) 0.607
7232031N (400m north of
260/-50 North Zone)
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SK08-04 114.5 -- 116.0 (1.5 / 4.9) 0.607
7232031N
260/-50
-----------------------------------------------------------------
-****-
Split core samples from the Blue Caribou project were processed
at ISO-certified Accurassay Laboratories, Thunder Bay, Ontario.
Core logging, splitting, sampling, sample transportation and assay
procedures are all subject to rigorous Quality Assurance/Quality
Control protocols to ensure the accuracy and reproducibility of the
analytical results, under the supervision of Gord Yule, P.Geo., a
Qualified Person under NI 43-101 who has also examined the Blue
Caribou gold and copper occurrences on site and approved the
content of this news release.
Skybridge management and Board of Directors are experienced and
successful Arctic explorers and developers and believe that a
stable source of supply from tidewater-accessible world-class
mineral deposits and a favourable political climate around Canada's
sovereignty over the Northwest Passage in the Arctic Ocean waters,
will ultimately establish Nunavut and the Northwest Territories as
Canada's next great mining and oil and gas district. The company is
well financed and actively considering additional acquisitions in
the Arctic and elsewhere as a catalyst for growth.
For further information and presentation material, please review
the Skybridge website at www.skybridgedevelopment.com.
On Behalf Of The Board Of Directors,
SKYBRIDGE DEVELOPMENT CORPORATION
Abraham Drost, P.Geo. President/CEO
adrost@skybridgedevelopment.com
401-1113 Jade Court Thunder Bay, ON
Canada P7B-6M7 Ph: 807-345-3306 or 807-252-7800
This news release includes certain forward-looking statements
concerning the future performance of our business, its operations
and its financial performance and condition, as well as
management's objectives, strategies, beliefs and intentions.
Forward-looking statements are frequently identified by such words
as "may," "plan," "expect," "anticipate," "estimate," "intend" and
similar words referring to future events and results including the
statements herein that: i) the Company anticipates that the size
and grade potential will be confirmed by a diamond drilling program
and ii) suggesting a structure potentially amenable to shallow bulk
mining pending a full determination of lateral extent by additional
drilling . Forward-looking statements are based on the current
opinions and expectations of management. All forward-looking
information is inherently uncertain and subject to a variety of
assumptions, risks and uncertainties, including the speculative
nature of mineral exploration and development, fluctuating
commodity prices, competitive risks and the availability of
financing and as described in more detail in our recent securities
filings available at www.sedar.com. Actual events or results may
differ materially from those projected in the forward-looking
statements and we caution against placing undue reliance
thereon.
The TSX Venture Exchange does not accept responsibility for the
accuracy or the adequacy of this release.
Shares Issued: 20,013,970
Distributed by Filing Services Canada and retransmitted by
Marketwire
Contact: Abraham Drost, P.Geo. President/CEO Email Contact
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