Skybridge Presents Corporate Update
12 6월 2008 - 10:56PM
Marketwired
THUNDER BAY, ON is pleased to announce that ongoing drilling has
intersected the target horizon over an approximate 320m strike
length on its 100% owned Blue Caribou Project in Nunavut. The
horizon remains open along strike and at depth. The first eight
drill holes on four sections are part of a planned 3000 metre,
Phase 1 program of diamond drilling. A selection of drill core
photos is available to view on the website at
www.skybridgedevelopment.com.
The Blue Caribou Project is host to a quartz rich, high-grade
copper and molybdenum prospect with accessory silver and gold where
individual 2007 surface samples returned grades up to 9.60% copper,
up to 0.67% molybdenum, up to 110.66 g/tonne silver and up to 3.22
g/tonne gold. The target structure that has been traced on surface
for more than one kilometer and ground geophysical surveying
suggests excellent coincidence of the highest grade copper samples
with strong ground electromagnetic anomalies. The main Blue Caribou
structure has never previously been drill tested. The present drill
program is designed as a preliminary test of the size and grade
potential of the Blue Caribou structure.
The Company is also pleased to announce the appointment of Mr.
Gordon Yule, P.Geo. to the position of Executive Vice-President
based in Thunder Bay. Mr. Yule is a professional geoscientist with
an extensive and successful background in mineral exploration since
1979. Most recently with the Ontario Ministry of Northern
Development and Mines as Mineral Development Consultant, Mr. Yule
was previously Exploration Manager with an affiliate of Kinross
Gold Corporation capping a string of discovery successes. He was a
semi-finalist in the internet-based Goldcorp Gold Rush Challenge in
2000.
Mr. Iain Downie, P.Eng. has resigned his position as
Vice-President Exploration of Skybridge Development Corp. Mr.
Downie will continue to work with the Company on a consulting
basis, primarily in a generative and project evaluation capacity.
The Company thanks Mr. Downie for his considerable contribution and
guidance given during the transition of Skybridge to an active
public issuer, which included the design and layout of the Phase I
drill plan at Blue Caribou.
Skybridge is also pleased to announce that effective June 1,
2008 and subject to regulatory approval, it has retained the
services of Windward Global, of Charlotte, North Carolina.
Windward, founded by its principal, Kelly Boatright, will provide
assistance with the Company's Investor Relations and Public
Relations efforts. Windward has served the natural resource sectors
for more than two decades and maintains a strong presence in
Canada, the United States and Europe.
Windward will receive a monthly retainer of US$5,000. The
agreement will progress on a monthly basis, renewing automatically,
and may be terminated by either party by two-week written notice.
Windward does not engage in market making activities and will
restrict its services to public relations and investor relations
counseling.
Windward maintains an extensive network of representatives and
account service specialists in Toronto, New York, Charlotte,
Atlanta, London, England and Zurich, Switzerland. In addition to
organizing broker road shows, Windward will also facilitate press
release dissemination, assist in the design of marketing materials,
and miscellaneous tasks related to the Company's investor relations
and public relations programs.
This press release has been prepared under the supervision of
Gord Yule, P.Geo., a Qualified Person under NI 43-101.
For further information, please review the Skybridge website at
www.skybridgedevelopment.com
ON BEHALF OF THE BOARD OF DIRECTORS
Abraham Drost, P.Geo. President
Shares Issued: 15,545,000
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 that such program has intersected the target horizon in eight
holes. 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.
Distributed by Filing Services Canada and retransmitted by
Marketwire
Contact: Abraham Drost Email Contact 401-1113 Jade Court Thunder
Bay, ON Canada P7B-6M7 Ph: 807-345-3306 or 807-252-7800
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