Central Resources Corp. Exploration Update: Dawson Range Properties
01 9월 2011 - 5:00AM
Marketwired
Central Resources Corp., (TSX VENTURE: CBC) ("Central" or the
"Company") is pleased to provide an update on ongoing exploration
work at its Selwyn Creek project located in the Dawson Range,
Yukon.
Grid soil sampling has been completed on the "L" Block, the
largest of five blocks making up the Selwyn Creek project. A total
of 2,379 soil samples were collected and analytical results are
pending. This number does not include "no sample" sites. This
detailed soil sampling program was designed to follow up soil
anomalies defined last year, the largest of which defined a roughly
linear northeast trending, greater than 20 ppb gold anomaly, at
least 1,000 metres long and up to 500 metres wide. This anomaly
remains open to the northeast and southwest. Within this anomaly,
16 samples ran greater than 50 ppb gold and 6 samples ran better
than 100 ppb gold with the highest sample running 470 ppb gold.
Follow up prospecting is currently underway on the "L" Block.
Soil sampling on the "O" Block is nearing completion. A total of
986 samples have been collected to date. This number does not
include "no sample" sites. The soil sampling program was designed
to follow up several strongly anomalous results in gold and arsenic
(up to 291 ppb Au and 587 ppm As) from last year's soil sampling
program. Previous rock sampling has returned values of 2.48 g/t Au,
5.0 g/t Au and 6.55 g/t Au.
Crews will move to the "M" Block and the Bat property
immediately following completion of "O" Block sampling. Exploration
work on the "M" Block and the Bat property will consist of
prospecting and soil sampling.
The Selwyn Creek project consists of 1,025 claims covering an
area of 21,437 hectares. The properties were staked on the basis of
historic sampling conducted by Archer Cathro & Associates
(1981) Limited. Central has the right to earn a 100% interest in
the properties from Strategic Metals Ltd.
The 2011 field work is being carried out by Archer Cathro and
Associates (1981) Limited and is supervised by Heather Smith, P.
Geo. Ms. Smith is responsible for all aspects of the work including
the quality control/quality assurance program. Crews were
instructed not to take samples where good quality soil could not be
contained due to frozen volcanic ash or frozen organics which
results in several "no sample" sites.
Paul Reynolds, P. Geo., President of Central and a qualified
person as defined by National Instrument 43-101 has reviewed and
approved the technical disclosure made in this press release.
About Central Resources
Central Resources Corp. is a junior exploration company created
to leverage the extensive knowledge and experience of a dedicated
group of financial and resource industry professionals. The Company
has acquired options on several highly prospective mineral
properties in the Yukon and British Columbia and continues to
pursue additional opportunities to build shareholder value.
This news release contains forward-looking information, which
involves known and unknown risks, uncertainties and other factors
that may cause actual events to differ materially from current
expectation. Important factors - including the availability of
funds, the results of financing efforts, the results of exploration
activities -- 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 on SEDAR (see www.sedar.com).
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The company disclaims any intention or obligation,
except to the extent required by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Central Resources Corp. Paul Reynolds President and
CEO 604-630-3730 info@centralres.ca www.centralres.ca Strike
Communications Inc. James Berard 604-687-2768 or Toll Free:
1-877-459-5507 james@strike-ir.com
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