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Drilling at Woodjam North (Deerhorn Zone) Intersects 160.3 m Grading 1.03g/t Gold and 0.25% Copper, Including 39.6 m Grading 2.07g/t Gold and 0.47% Copper
May 12, 2011 (TheNewswire.ca) -- Vancouver, BC, May 12, 2011 - Fjordland Exploration Inc. (T...
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"\nDrilling at Woodjam North (Deerhorn Zone) Intersects 160.3 m Grading 1.03g/t Gold and 0.25% Copper, Including 39.6 m Grading 2.07g/t Gold and 0.47% Copper\n\n May 12, 2011 (TheNewswire.ca) -- Vancouver, BC, May 12, 2011 - Fjordland Exploration Inc. (TSXV:FEX) (TSX-V: FEX) and Cariboo Rose Resources Ltd. (TSXV:CRB) (TSX-V: CRB), 60%-40% partners in the Woodjam Joint Venture (\"WJV\"), report that Gold Fields Limited's (NYSE: GFI) exploration company, Gold Fields Horsefly Exploration Corporation (\"Gold Fields\"), has forwarded drill results from an additional 4 holes of the 2011 drilling program on the Deerhorn Zone of the Woodjam North gold-copper property. The property is located 45 km east of Williams Lake in south-central British Columbia.The focus of this phase of drilling has been on the southwest side of the Deerhorn geophysical anomaly. Holes previously defining the mineral trend are DH09-03, 10-04, 05, 20, 21, 23, 25 and DH11-26. The higher-grade shoot appears to plunge moderately to the southeast and has dimensions of approximately 300 m in strike, 100 m in width and 200 m in depth and remains open. This higher grade shoot is enclosed within a much larger, lower grade envelope containing quartz (locally sheeted) with magnetite, vein-hosted and disseminated chalcopyrite mineralization in potassic-altered zones of fine-grained Nicola volcaniclastic rocks with interfingering monzonitic dykes. A drill location map may be viewed at www.fjordlandex.com/news/nr11-05b.The Phase One 2011 drilling program commenced on February 10th and ended on April 4th; 9 holes totaling 2,050.71 m were completed. Assay results for the remaining 4 holes are pending. The program was designed to expand the mineralized zone intersected in previously reported holes DH10-21 (156.6 m grading 1.14g/t Au and 0.29% Cu, including 64 m grading 1.92g/t Au and 0.26% Cu) and DH11-26 (151.5 m grading 0.83g/t Au and 0.21% Cu, including 68.8 m grading 1.17g/t Au and 0.35% Cu). Drilling continues to return very good results.Deerhorn Zone Drilling Highlights:\n\n------------------------------------------------------------\n|Hole ID |From (m)|To (m)|Int. (m)|Au g/t|Cu% |Au Eq g/t**|\n|----------------------------------------------------------|\n|DH11-27 |162.90 |167.40|     4.4|0.11 |1.10|2.10 |\n|----------------------------------------------...