Skybridge Drilling Hits at Blue Caribou; Horizon Grades 2.42% Copper Over 13.0m (41.6ft)
07 7월 2008 - 9:30PM
Marketwired
THUNDER BAY, ON is pleased to announce initial assays from its
100% owned Blue Caribou Project in Nunavut. Assays from the first
two out of 21 holes drilled to date are consistent with initial
expectations from surface sampling on the main structure. Assays
include a section grading 2.42% copper over 13.0m (41.6ft)
including an interval grading 3.08% copper over 9.8m (31.3ft) with
internal assays grading up to 7.0% copper over 1.0m (Table 1).
Drilling continues with additional assays pending shortly for
samples from 19 other holes currently at the lab.
-***-
Table 1: Initial Assays from Blue Caribou Project, Nunavut
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Hole no. Interval Copper Molybdenum Silver Gold
(m/ft) (%) (%) (g/t) (g/t)
--------------------------------------------------------------------------
BC-08-01 42.1 - 50.0 (7.9/25.3) 1.77 .032 18.4 .194
incl
45.5 - 50.0 (4.5/14.4) 2.68 .052 27.7 .310
--------------------------------------------------------------------------
BC-08-02 39.0 - 52.0 (13.0/41.6) 2.42 .005 24.9 .190
incl
40.0 - 49.8 (9.8/31.3) 3.08 .007 32.2 .240
--------------------------------------------------------------------------
-****-
Previous (2007) surface sampling by independent consultants G.A.
Harron & Associates, Inc. returned grades of 2.58% copper,
0.12% molybdenum, 25.85g/t silver and 0.31g/t gold over 12m in
bedrock chip sampling across the zone. Spot values from grab
samples of frost heaved material included 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 locally from the target horizon. The current drill
program is the designed as a preliminary test of the size and grade
potential of the Blue Caribou structure. True width is estimated at
90-95% of reported intersections.
The current drill program has consistently intersected the
shallow dipping, copper-rich quartz breccia target horizon over an
approximate 800m strike length. The horizon remains open along
strike and at depth. The first 21 drill holes include a number of
vertical holes and represent the halfway point of a minimum 3000
metre, Phase 1 program of diamond drilling at Blue Caribou. Program
costs and drill hole lengths required to intersect the target
horizon are lower than anticipated due to the shallow dip (25-30
degrees) of the target horizon. Split core samples from an
additional 19 holes are at the lab with assay results pending
shortly. Photos of drill core may be viewed on the website at
www.skybridgedevelopment.com.
A prospecting crew is also being dispatched immediately to
assess other geophysical anomalies on the 20,000 hectare Blue
Caribou Property for possible diamond drill followup including two
other discrete gold occurrences referenced in the SEDAR-posted NI
43-101 compliant technical report of G.A. Harron and Associates,
Inc. dated March, 2008.
Split core samples from the Blue Caribou project are being
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
approved the content of this news release.
Skybridge management and Board of Directors are experienced and
successful Arctic explorers and developers and believe that
tidewater-accessible world-class mineral deposits will establish
Nunavut and the Northwest Territories as Canada's next great mining
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
Abraham Drost, P.Geo. President/CEO
info@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.
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Marketwire
Contact: Abraham Drost, P.Geo. President/CEO Email Contact Ph:
807-345-3306 or 807-252-7800
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