Nov. 24, 2010 (Filing Services Canada) -- Champlain Resources Inc. (CPL - TSX Venture), ("Champlain" or the "Corporation"), is pleased to report that Phase 1 of the fall exploration program on its recently acquired Laird Lake gold property located in the Red Lake gold camp in Ontario has been successfully completed. A total of 187 rock samples were collected during from areas of historic sampling and in newly identified areas where prospecting on the claims occurred.
Assays for the sampling program are pending and are expected to be received in the near future.
"With much enthusiasm, we look forward to reporting to shareholders the results of our phase 1 field program that will include sample assay results obtained at our Red lake gold property. We expect to be in a position to report such results to shareholder in the coming days ahead," reported Troy Mochoruk, Chairman & CEO.
A compilation of all data pertaining to the property is also on-going and a program of follow-up ground geophysics is currently being planned.
All samples have are being prepped and analyzed at ALS Canada Limited.
This news release has been reviewed and approved by R. Dean Fraser, P.Geo, a "qualified person" person under National Instrument 43-101.
For further information contact:
Mr. Troy Mochoruk
Chairman & CEO:
#1614, 246 Stewart Green SW
Calgary, AB T3H 3C8
Tel: (403) 618-8989
[email protected]
www.champlainresources.com
Cautionary Statement Regarding Forward Looking Information
This press release may contain forward-looking statements which may include plans, expectations, opinions, forecasts, projections or other statements that are not statements of fact, in particular comments relating to the timing of the report to shareholders on the assays for the sampling program and its plans for a program of follow-up ground geophysics. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurance that such expectations will prove to be correct.
Achieving the expected timelines and expectations, may be affected by a variety of variables and risks associated with the capital markets and the mining and mineral processing industry, such as responsiveness and time pressures on ALS Canada Ltd. ("ALS") to perform the assays and prepare its report, as well as risks and variables associated in general with the Company's industry. As such the future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in such statements. The Company has, in part, relied on information provided to it by ALS in order to develop its forward-looking statements and there is no assurance that the assumptions, forecasts or information relied upon by the Company is correct, or will not be affected by events or circumstances beyond the control of the Company. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. Unless otherwise required by applicable securities laws, the Company does not intend nor does it undertake any obligation to update or review any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Source: Champlain Resources Inc. (CPL - TSX-V)
Maximum News Dissemination by Filing Services Canada Inc. *
www.usetdas.com
Copper Lake Resources Ltd. news
Investor announcements, newest first.