TORONTO, Dec. 7 /CNW/ - COGITORE Resources, a division of Woodruff Capital Management Inc. (the "Company") (WOO: TSX-V) is pleased to provide an update on the Lemoine project, located near Chibougamau, Quebec. The Company has completed a drill program consisting of 9 holes totalling 6,531 metres. The new information available from this drill program, as well as new treatment of existing lithogeochemical data, has led to significant reinterpretation, including the identification of new stacked mineralized intervals and synvolcanic caldera/graben types of structures that are known to be favourable geological features for massive sulphide emplacement. Further to a press release of November 17, 2005 additional assays were received from holes LEM-47 along with a first batch of assays from LEM-49. << LEM-47 ------ Additional assays were received from the mineralized interval reported in the Company's November 17 press release. Results are as follows: ------------------------------------------------------------------------- from to Length (m) %Cu %Zn ------------------------------------------------------------------------- 272.0 297.3 25.3 0.25 0.81 Incl. 277.0 286.0 9.0 0.18 1.77(x) and 296.2 297.3 1.1 2.31 0.20 ------------------------------------------------------------------------- (x) Previously released Assays from sporadic sampling of the rest of the 95 metre thick mineralized envelope were received and additional sampling is in progress to fully bracket available assay intervals. Anomalous assays received to date outside of the ones reported above include: ------------------------------------------------------------------------- from to Length (m) ppm Cu ppm Zn ------------------------------------------------------------------------- 338.8 341.0 2.2 3898 162 ------------------------------------------------------------------------- Hole LEM-47 was drilled approximately three kilometres southwest of the Lemoine Mine, which hosted 758,000 tonnes of 4.2% copper, 9.6% zinc, 4.2g/t gold and 83.4 g/t silver. Hole LEM-47 was targeting a new potential mineralized horizon located about 250 metres north of, and stratigraphically below the horizon that hosted the past producing Lemoine Mine. The closest holes to LEM-47 testing that new potential horizon are located respectively 1.1 km to the west and 1.8 km to the east. LEM-49 ------ Hole LEM-49 is located 4.6 km east of the Lemoine Mine and was targeting the Lemoine Mine horizon at a vertical depth of about 350 metres. Disseminated and stringer sulphides were intersected from 200m to 450m with sections highly anomalous in copper and zinc, including up to 0.19% Cu and 3.19% Zn over 1.25m. More significant intervals are described below: ------------------------------------------------------------------------- from to Length (m) ppm Cu ppm Zn ------------------------------------------------------------------------- 357.0 364.0 7.0 378 3745 ------------------------------------------------------------------------- The above-mineralized interval is hosted in a 14m thick newly identified rhyolite unit enclosed within the Lemoine Andesite. Mineralization continues downward into underlying Lemoine Andesite with a 12 metre thick zone assaying: ------------------------------------------------------------------------- from to Length (m) ppm Cu ppm Zn ------------------------------------------------------------------------- 372.0 384.0 12.0 733 0.74 Including 372.0 379.0 7.0 926 1.18 incl. 372.0 373.25 1.25 1490 3.19 ------------------------------------------------------------------------- All of the above noted mineralization is hosted by volcanic rocks above the Lemoine mine horizon and reflects a hydrothermal system vigorous enough to breach through rocks overlying the Lemoine horizon in this area, hence justifying focused exploration efforts in the LEM-49 sector. Finally, mineralization continues down into the Lemoine Rhyolite (immediate footwall of the Lemoine deposit) where the top 3 metres carried anomalous base metals: ------------------------------------------------------------------------- from to Length (m) ppm Cu ppm Zn ------------------------------------------------------------------------- 418.0 421.0 3.0 159 3480 ------------------------------------------------------------------------- Significantly, detailed reinterpretation of the geology around LEM-49 led to the identification of numerous synvolcanic faults, which together define the border of a caldera structure. In addition, this sector is also characterized by disseminated sulphide mineralization that extends well into overlying Gilman basalts. The spatial coincidence between the faults and mineralization found both in LEM-49 and in nearby Gilman basalts indicates that such synvolcanic faults did control the flow of mineralized fluids in this sector, hence the need for a focused exploration effort in the LEM-49 area. COGITORE has announced (November 16, 2005) that, jointly with Inmet, it has earned an undivided 60% interest in the Lemoine property from Loubel Exploration. In accordance with the Loubel agreement, a First Program and Budget was submitted on December 1 and Loubel now has 60 days to decide whether to form a joint venture with COGITORE/Inmet or convert its interest to a royalty. Once Loubel has made its decision, all nine holes drilled in the 2005 program will be surveyed with state of the art down-the-hole geophysics, with priority given to holes LEM-47, 48 and 49, which encountered encouraging "stacked" alteration and/or mineralization. Bore hole geophysics will allow a broad area, up to half a kilometre in diameter, to be searched about each hole for upper quartile sized deposits at any of the multiple horizons. None of the above mineralization is associated with graphite, which in other districts limits the usefulness of borehole geophysics by generating numerous conductors that are not caused by sulphide accumulations. "In massive sulphide environments, including Lemoine, there appears to be a certain 'periodicity' or spacing of volcanic features related to alteration and mineralization at approximately 4 kilometre intervals" relates Woodruff President GDerald Riverin, PhD., P.Geo., "which we see in both active sea floor volcanic areas around the world today and in ancient volcanic areas like the famous Noranda Camp. Also at Noranda, Quebec we see alteration persisting into overlying so-called 'cap' rocks, for example at the Amulet Mine (Upper and Lower 'A' deposits) and Ansil Mine to name a few. 'Stacking' through volcanic rock sequences occurs on mine as well as camp scales in prolific base metal mining camps such as Noranda. COGITORE is very encouraged by the identification of multiple stacked mineralized intervals at Lemoine, especially in the LEM-47 and LEM-49 areas." To view a map of the Lemoine Project please visit: http://files.newswire.ca/465/LemoineProject.doc COGITORE geologists GDerald Riverin, Tony Brisson and Benoit Lafrance are all qualified persons under the terms of NI43-101. Core is logged and sections sent for analysis are sawn in half at the Company's secure facilities in Chibougamau, Quebec. Half the core sampled is sent to ALS Chemex for analysis with appropriate standards, duplicates and replicates used for control purposes. Samples with copper or zinc values greater than 10,000 ppm are re- assayed with Atomic Absorption after aqua regia digestion. The other half of the core is retained for future reference. Woodruff Capital Management Inc. is a TSX Venture Exchange listed mineral exploration company, focused on base metal exploration within the Abitibi Greenstone Belt of northwestern Quebec and northeastern Ontario. COGITORE Resources, a division of the Company, retains the exploration office in Rouyn-Noranda, Quebec, and database of Kerr Addison, Inmet Mining and predecessor companies Minnova, Corporation Falconbridge Copper, Lac Dufault and Opemiska. ------------------------------------------------------------------------- The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ------------------------------------------------------------------------- >> %SEDAR: 00020132E