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Drilling at Woodjam South (Southeast Zone) Yields 349.9 m Grading 0.33% Cu and 0.011% Mo in the First Hole of the Planned 15,000 m Drilling Program
May 19, 2011 (TheNewswire.ca) -- Vancouver, BC, May 19, 2011 - Fjordland Exploration Inc. (T...
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"\nDrilling at Woodjam South (Southeast Zone) Yields 349.9 m Grading 0.33% Cu and 0.011% Mo in the First Hole of the Planned 15,000 m Drilling Program\n\n May 19, 2011 (TheNewswire.ca) -- Vancouver, BC, May 19, 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 the first hole of the 2011 infill and expansion core drilling program on the Southeast Zone of the Woodjam South copper-gold-molybdenum property. The property is located 45 km east of Williams Lake in south-central British Columbia.At Woodjam South, drilling commenced on the Southeast Zone on March 16th, the beginning of a 15,000 metres (m) drilling program (5,000 m infill, 6,000 m expansion drilling and 4,000 m unallocated) on the main target in the core area measuring 800 m by 630 m to a depth of 400 m. A number of the drill sites are planned to allow calculation of an inferred pit-constrained NI 43-101 compliant resource by the end of 2011. In addition, a program of reverse circulation drilling will test other targets on the southern part of the Woodjam South property. This work program is part of the $5 million budget announced by Gold Fields for 2011 (see News Release dated March 2, 2011). A drill location map may be viewed at www.cariboorose.comSoutheast Zone Drilling:\n\n------------------------------------------------------------\n|Hole ID|From (m)|To (m)|Int. (m)|Cu% |Au g/t|Mo% |Cu Eq %|\n|----------------------------------------------------------|\n|SE11-21|157.3 |507.2*|349.9 |0.33|0.05 |0.011|0.42 |\n------------------------------------------------------------\nTable Notes: Intervals are core lengths; Cu Equivalent in % calculated using US$2.50/lb copper, US$950/oz Au and US$15/lb Mo and the formula: ((%Cu x 22 x Price Cu/lb) + (g/t Au x 0.03215 x Price Au/oz) + (%Mo x 22 x Price Mo/lb))/ (Price Cu/lb x 22). * = end of hole. Metallurgical recoveries and net smelter returns are not considered.Hole SE11-21 was collared between holes SE10-12, WJ08-88 and WJ08-85, along the interpreted southwestern portion of the higher-grade core area, and encountered copper-molybdenum mineralization...