Fjordland Exploration Inc. and Cariboo Rose Resources Ltd., 60-40 partners in the Woodjam joint venture, have received Gold Fields Ltd.’s Gold Fields Horsefly Exploration Corp.’s drilling results from the Woodjam North gold-copper property. Drilling on the property, which is located 45 kilometres east of Williams Lake in south-central British Columbia, started earlier this year. Phase one drilling between February and June, 2010, totalled 8,433 metres in 34 holes, including 2,330 m in the Takom zone, 3,921 m in the Deerhorn zone and 2,182 m in the Spellbound area. The results reported in the table are for the last four holes (1,197.6 m) in Deerhorn and eight holes (2,182 m) in Spellbound.
Deerhorn zone
Assay results for the four new holes completed in 2010 are reported in the table.
From To Interval Au Cu Au equivalent Hole (m) (m) (m) (g/t) (%) (g/t) Deerhorn DH10-13 75.3 84.0 8.7 0.11 0.23 0.52 DH10-13 88.0 92.0 4.0 0.22 0.06 0.33 DH10-13 96.0 148.0 52.0 0.08 0.22 0.47 DH10-13 152.0 163.4 11.4 0.06 0.14 0.31 DH10-13 208.0 217.0 9.0 0.06 0.11 0.26 DH10-14 78.0 84.0 6.0 0.07 0.12 0.29 DH10-14 110.3 226.2 115.9 0.29 0.32 0.87 DH10-15 82.0 141.3 59.3 0.14 0.15 0.42 DH10-15 200.0 226.0 26.0 0.17 0.16 0.46 DH10-16 39.0 60.0 21.0 0.27 0.16 0.55 DH10-16 124.0 184.6 60.6 0.35 0.22 0.75 Spellbound SB10-04 51.0 55.0 4.0 0.08 0.12 0.30 SB10-09 28.0 36.0 8.0 0.18 0.16 0.47 SB10-09 110.0 119.0 9.0 0.03 0.17 0.33 SB10-10 5.3 13.0 7.7 0.28 0.34 0.89 SB10-10 17.0 23.0 6.0 0.07 0.09 0.24 SB10-10 35.0 68.2 33.2 0.10 0.15 0.37 SB10-10 257.0 272.0 15.0 1.01 0.004 1.02 Note: Intervals are core lengths. Au equivalent in grams per tonne is calculated using $950 (U.S.) per ounce Au and $2.50 (U.S.) per pound Cu. Metallurgical recoveries and net smelter returns are not considered.
These four holes were drilled to test the possible geometry of the mineralized zone in the area around hole DH10-09, which assayed 90.8 metres grading 0.58 gram per tonne Au and 0.39 per cent Cu, including 30.4 m grading 1.01 g/t Au and 0.72 per cent Cu. All four holes intersected mineralization. DH10-14 yielded 115.9 m grading 0.287 g/t Au and 0.32 per cent Cu. This hole was lost in mineralization at 226 m. The last two m graded 0.6 g/t Au and 0.28 per cent Cu. Additional step-out holes are planned to further test the zone. A drill location map may be viewed at Fjordland’s website.
Spellbound area
Reconnaisance drilling of eight (of 11) holes (totalling 2,182 m) which reached their targets in the Spellbound area, targeting coincident copper and molybdenum soil anomalies, resulted in the discovery of gold-copper mineralization over a large area located to the east of the Deerhorn zone and to the north of the Southeast zone. Three assay intervals greater than 0.24 g/t gold equivalent are reported in the table.
The best results from Spellbound are from SB10-10, located in the southern part of the Woodjam North property, approximately 1.5 km north of the Southeast zone on the Woodjam South property. Intersections included 33.2 m grading 0.103 g/t Au and 0.148 per cent Cu as well as 15 m grading 1.014 g/t Au and 0.006 per cent Cu. These intersections occur within broader zones of mineralized Takomkane quartz monzonite containing fine disseminated chalcopyrite, rare molybdenite and bornite in quartz veinlets. The zone remains prospective with a strong affinity to the style of mineralization encountered in the Southeast zone. Additional induced polarization, ground magnetic and soil sampling surveys are in progress. Follow-up drilling is planned. A drill location map may be viewed at the Fjordland’s website.
Fjordland’s president, Tom Schroeter, said: “These new drill results from the Deerhorn zone and the discovery of mineralization in the Spellbound area on the Woodjam North property provide a great platform for follow-up drilling in our phase two drilling program (5,000 m planned) which has started on the Takom zone and will be followed by drilling on the Deerhorn zone, the Spellbound area and initial holes on the Corner Lake area north of the Deerhorn zone.”
Mr. Schroeter, PEng, PGeo, is a qualified person within the context of National Instrument 43-101. He has read and takes responsibility for this news release.
