CRANBROOK, BRITISH COLUMBIA continues to intersect high grade
gold and silver at depth on the Serra structure at the Coringa gold
project in Brazil. Hole 61 intersected 4.50 m of 9.09 g/t gold
(Au), 39.80 g/t silver (Ag), 0.44 % lead (Pb), 0.28 % zinc (Zn) and
0.17 % copper (Cu) from 98.50 to 103.00 m. Included within this
interval was:
- 42.98 g/t (1.26 oz/t) Au, 126 g/t (3.68 oz/t) Ag, 3.50 % Pb,
1.90 % Zn and 0.15 % Cu from 98.50 to 99.00 m,
- 33.56 g/t (0.98 oz/t) Au, 219.00 g/t (6.39 oz/t) Ag, 0.33 %
Pb, 0.43 % Zn and 1.30 % Cu from 101.70 to 102.20 m.
This hole was drilled approximately 40.00 m east of Hole 39 with
a previously reported intersection of 1.00 m of 14.94 g/t Au, and
0.65 % Cu from 66.50 to 67.50 m.
Gold mineralization over 5.00 m was also intersected at a depth
of 113.50 m on the Meio structure. Hole 65 intersected 5.00 m of
3.57 g/t Au, 28.73 g/t Ag, 2.23 % Pb, 1.91 % Zn and 0.25 % Cu from
113.50 to 118.50 m. This hole was drilled approximately 33.00 m
northeast of Hole 62 with a previously reported intersection of
3.00 m of 67.77 g/t (1.92 oz/t) Au, 65.17 g/t (1.90 oz/t) Ag, 6.03
% Pb, 4.35 % Zn and 0.45 % Cu from 56.00 to 59.00 m (click link to
see location map on website:
www.chapleauresources.com/projectmaps.php?ID=11).
Results for the second phase drilling, totaling 5,031.70 m, have
now been received and a total of 6,805.83 m (66 diamond drill
holes) have been completed in two drill campaigns in the past 12
months (click link to see drill location map on website:
www.chapleauresources.com/projectmaps.php?ID=11 ). Drilling has
confirmed high grade gold intersections within larger envelopes of
gold, silver, lead, zinc and copper mineralization associated with
approximately 2.2 km of gold veins. The 2.2 km of gold veins
represent less than a quarter of the total 10 km strike length of
17 mapped gold structures.
Preliminary interpretations and in-house long sections for the
2.2 km of mineralization associated with three of eight target
areas show gold grades, gold equivalent grades(1) and thicknesses
which are open at depth and along strike of the areas drilled
(click link to see long section interpretations on website:
www.chapleauresources.com/projectmaps.php?ID=11). These preliminary
interpretations, showing the nature of the gold, silver and base
metal mineralization, will now be used to expand future drill
programs to explore:
1. plunging mineralized structures at depths of greater than
150m,
2. mineralized extensions below covered areas, and
3. areas where limited drilling, one or two holes, has indicated
gold-bearing structures along strike of the higher grade gold
zones.
Further follow-up drilling of the eight target areas and other
mineralized structures, as identified from reconnaissance pan
concentrate sampling programs will proceed once additional
geophysical programs and soil sampling have been completed in areas
of cover beyond the current drilling (click link to see map on
website: www.chapleauresources.com/projectmaps.php?ID=11).
(1) For the long section interpretations on the Chapleau website
gold grades were composited over 1.50 m intervals for the
individual drill holes. Gold equivalent grades were based on the
assumption that 79 to 94 % of Ag, Pb Zn and Cu, similar to gold
recoveries, can be obtained through flotation methods (see press
release of May 07, 2008). Gold equivalent calculations were based
on the following metal prices: Gold-US$800/oz, Silver-US$12/oz,
Copper-US$2.50/lb, Lead-US$0.80/lb and Zinc-US$0.80/lb.
The summary of gold, silver, lead, zinc and copper results for
the remaining holes on the Meio, Serra, Boca and Das Pacas
structures are highlighted in the tables below.
Summary of Drill Hole Results: Meio Structure
---------------------------------------------------------------------------
Structure Mineralization
---------------------------------------------------------------------------
Hole BR_COR_# From To Width Gold Silver Copper Lead Zinc
---------------------------------------------------------------------------
M g/t g/t % % %
---------------------------------------------------------------------------
Meio
---------------------------------------------------------------------------
DDH 11(i) 50.00 52.00 2.00 23.67 28.25 0.22 1.67 0.88
---------------------------------------------------------------------------
DDH 12(i) 49.00 50.00 1.00 3.43 4.00 - 0.12 -
---------------------------------------------------------------------------
DDH 62(i) 56.00 56.50 0.50 3.47 10.00 0.03 0.87 0.26
---------------------------------------------------------------------------
56.50 57.00 0.50 59.80 65.00 0.37 8.60 5.20
---------------------------------------------------------------------------
57.00 57.50 0.50 25.56 40.00 0.50 1.80 0.85
---------------------------------------------------------------------------
57.50 58.00 0.50 149.80 135.00 0.61 10.40 11.00
---------------------------------------------------------------------------
58.00 58.50 0.50 82.31 76.00 0.58 6.80 2.50
---------------------------------------------------------------------------
58.50 59.00 0.50 73.70 65.00 0.63 7.70 6.30
---------------------------------------------------------------------------
59.00 63.50 4.50 0.69 BD - 0.33 0.18
---------------------------------------------------------------------------
DDH 63 52.00 52.50 0.50 0.65 BD - - -
---------------------------------------------------------------------------
DDH 65 113.50 118.50 5.00 3.57 28.73 0.25 2.23 1.91
---------------------------------------------------------------------------
includes 116.50 117.00 0.50 10.81 31.00 0.72 7.40 1.60
---------------------------------------------------------------------------
Summary of Drill Hole Results: Serra, Boca and Das Pacas Structure
---------------------------------------------------------------------------
Structure Mineralization
---------------------------------------------------------------------------
Hole BR_COR_# From To Width Gold Silver Copper Lead Zinc
---------------------------------------------------------------------------
M g/t g/t % % %
---------------------------------------------------------------------------
Serra
---------------------------------------------------------------------------
DDH 61 63.50 64.00 0.50 6.42 24.00 0.11 - -
---------------------------------------------------------------------------
98.50 103.00 4.50 9.09 39.80 0.17 0.44 0.28
---------------------------------------------------------------------------
Includes 98.50 99.00 0.50 42.98 126.00 0.15 3.50 1.90
---------------------------------------------------------------------------
Includes 101.70 102.20 0.50 33.56 219.00 1.30 0.33 0.43
---------------------------------------------------------------------------
---------------------------------------------------------------------------
---------------------------------------------------------------------------
DDH 64 100.50 102.00 1.50 2.12 3.30 - - -
---------------------------------------------------------------------------
157.00 158.00 1.00 1.18 31.60 - 0.35 0.15
---------------------------------------------------------------------------
Boca
---------------------------------------------------------------------------
DDH 58 138.00 138.50 0.50 3.67 1.10 - - -
---------------------------------------------------------------------------
DDH 60(i) 82.50 83.00 0.50 2.11 BD - - -
---------------------------------------------------------------------------
Das Pacas
---------------------------------------------------------------------------
DDH 66 No significant results
---------------------------------------------------------------------------
(i) Previously reported results
- BD - Below detection limit of less than 0.1 g/t Ag
- Gold assays greater than 0.5 g/t Au are reported with the exception of
gold values included within mineralized intervals with widths of greater
than 1 m.
- Cu, Pb and Zn values greater than 0.1 % are reported with the exception
of Cu, Pb and Zn values included within mineralized intervals with widths
of greater than 1 m.
Drill holes were inclined at between 50 degrees and 60 degrees
with a maximum of 185.10 m core length. Core recovery for the
mineralized intervals averaged greater than 95%. The estimated true
widths of all the mineralized intervals are approximately 90% of
the intersected widths in the holes. Gold mineralization occurs
within silicified, quartz veined and sericite altered shear zones
surrounded by hematitic and propylitic envelopes within granite and
rhyolites. Principal sulphide mineralization includes pyrite,
galena, sphalerite and chalcopyrite between 0.5% and 20.0%.
Drill cores for assaying from Holes 46 to 66 were taken at a
minimum of 0.2 m and maximum of 2.0 m intervals. All core samples
(HQ diameter) were cut with a diamond saw and one-half of the core
placed in bags, numbered and sealed then sent via a secure
transport agency to the SGS Geosol laboratory in Itaituba in Brazil
for preparation and the pulps sent directly to the SGS Geosol
laboratory in Belo Horizonte and Vespasiano for analysis. The core
samples were crushed down to 2 mm, a split of 250 to 300 g was
taken and pulverized to better than 95% minus 150 mesh. Gold
analysis was by fire assay of a 30 g sample and an atomic
absorption finish. Silver and additional 32 elements using aqua
regia acid digestion were analyzed by Inductively Coupled Plasma
(ICP). As part of the Company's QA/QC program duplicates, blanks
and internationally recognized standards were included in the
sample batches to check on assay precision and accuracy. SGS Geosol
which is an ISO 9001:2000 and ISO 14001: 2004 registered laboratory
also has a quality control program in place which includes
standards and duplicates.
This press release was prepared by Ian Gendall, Pr. Sci. Nat., a
qualified person in compliance with National Instrument 43-101.
For technical information regarding this press release, kindly
contact Ian Gendall at 604-669-8511.
BY ORDER OF THE BOARD OF DIRECTORS
Signed:
CHAPLEAU RESOURCES LTD.
Ian Gendall/President
This news release may contain forward-looking statements
including but not limited to comments regarding the timing and
content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes,
etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties.
Actual results may differ materially from those currently
anticipated in such statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Chapleau Resources Ltd. Ian Gendall (604) 669-8511
(604) 669-7712 (FAX) Email: info@chapleauresources.com Website:
www.chapleauresources.com
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