$0.23
News Releases
News
| November 06, 2003 Excellent Gold Values Reported From Scheelite Dome Project in Yukon | |
| No. 21/2003 Vancouver, BC, November 6, 2003 -- Copper Ridge Explorations Inc. (the "Company") announces that Golden Patriot Mining Inc. ("Golden Patriot") has reported assay results from the diamond drilling program on the Scheelite Dome Gold Project. The complete text of the release follows: "Golden Patriot Mining is pleased to report assay results from two diamond drill holes on its Scheelite Dome Project 25 kilometres northwest of Mayo, Yukon. Hole TOM-2, drilled to a depth of 160.5 metres, encountered a zone of calc-silicate mineralization that averaged 7.1 gm gold/tonne over 6.4 metres, including 24.4 gm gold/tonne over 1.7 m. A subsequent interval further down this hole returned 0.94 metres averaging 2.0 gm gold/tonne. Hole TOM-1, drilled to a depth of 76.8 metres and located 110 metres (360 feet) to the east of TOM-2, encountered 5.1 gm gold/tonne over 1.22 metres. Hole TOM-3 was abandoned due to drilling problems at approximately the same stratigraphic horizon in which mineralization was encountered in the previous two holes.
-------------------------------------------------------------
Intercept Intercept
Hole No. From To Width Width Gold* Gold*
(metres) (metres) (metres) (feet) gm/tonne oz/ton
-------------------------------------------------------------
TOM-1 20.12 21.34 1.22 4.0 5.06 0.149
-------------------------------------------------------------
TOM-2 5.00 11.40 6.40 21.0 7.09 0.207
-------------------------------------------------------------
including 8.60 10.30 1.70 5.58 24.42 0.72
-------------------------------------------------------------
10.30 11.40 1.10 3.61 1.12 0.032
-------------------------------------------------------------
23.16 24.10 0.94 3.08 1.98 0.058
-------------------------------------------------------------
*Fire Assay-ICP
Five holes were completed in the fall drill program before it was halted because of inclement weather. Assay results from TOM-4 and TOM-5 should be available in 1-2 weeks. These holes tested an independent IP anomaly to the south that may be associated with the geological target evaluated in TOM-1 and TOM-2. In total, 310 metres (1,016 feet) of drilling was completed in this phase of exploration. The focus of the drill program was a calc-silicate horizon in the Tom Zone which previously returned high grade surface samples. (See Press Release of September 29, 2003). This prospective horizon is a calc silicate with a dip of approximately 30-35 degrees to the south. These initial drill results indicate potential continuity of the Tom Zone gold mineralization within an interpreted stratigraphic horizon that was previously defined only by discontinuous surface exposures. The Scheelite Dome Project is recognized as one of the largest intrusion-related gold systems in the Yukon based on the presence of a large mineralized alteration system, the multiple controls for mineralization and significant drill and trench results. The Tom Zone is among the most promising mineralized areas on the property and the latest drill results confirm its potential as a high-grade target. It occurs within one of the strongest individual gold anomalies at the western end of a gold geochemical soil anomaly that is over eight kilometers long and up to two kilometers wide. R. Allan Doherty, P.Geo., of Aurum Geological Consultants Inc., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release. Analytical work was completed by Acme Analytical Laboratories Ltd." Golden Patriot can earn a 51% interest in the Scheelite Dome Property by paying $10,000 to Copper Ridge, issuing an aggregate of 500,000 common shares to Copper Ridge, and incurring an aggregate of $2,500,000 in exploration expenditures on the Property in stipulated annual installments on or before December 31, 2008. See www.copper-ridge.com for further information on the Scheelite Dome Property. Copper Ridge's focus is on discovery of deposits with world class potential, emphasizing gold and copper-gold in Yukon and Alaska. The Company's Lucky Joe/Shamrock IOCG property is under option to Kennecott Canada Exploration Inc., the Yukon Olympic IOCG (Olympic Dam) property is under option to Canadian Empire Exploration Ltd., the Scheelite Dome Property is under option to Golden Patriot Mining Inc. and the Joss'alun copper project is under option to Imperial Metals Corporation. Copper Ridge also holds a 100% interest in the Ogopogo property, 4 km from the Pogo gold deposit in Alaska as well as its latest addition, the large Hart River IOCG (Olympic Dam) target in the same geological setting as Yukon Olympic. Contact: Copper Ridge Explorations Inc. Gerald G. Carlson, President Suite 500 -- 625 Howe Street Vancouver, B.C. V6C 2T6 Phone: 604-688-0833; 1-888-278-2288 Fax: 604-688-0835 info@copper-ridge.com This release was prepared by management of the Company who takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. | |
You can view the Next News Releases item: Wed Nov 19, 2003, Golden Patriot Reports the Balance of Results From Scheelite Dome Project, Yukon You can view the Previous News Releases item: Mon Oct 27, 2003, Kennecott Outlines Giant Copper-Gold System at Lucky Joe You can return to the main News Releases page, or press the Back button on your browser. |