Otterburn Commences Phase 1 Exploration
17 May 2011 - 12:54AM
Marketwired
Otterburn Resources Corp. (TSX VENTURE: OBN) ("Otterburn" or the
"Company") a Vancouver based mineral exploration company, announces
the details of its Phase 1 exploration work program on the Adam's
Plateau project.
The Adams Plateau property, with an area of 5,099 hectares is an
early stage exploration project that has potential for the
discovery of high precious metal content, polymetallic VMS type
deposits. Four main target areas have been identified on the
project based on historic work and work completed by the Company in
2010. These include the Beca / South West Extension area, the
AXL-A2 area, the WAD and WAD Extension area and the Elsie - Lucky
Coon area.
The Phase 1 work program will follow the recommendations of the
author in the independent technical report on the project dated
July 30, 2010, authored by George Nicholson P.Geo and entitled
"Review of Technical Information and Proposed Exploration Program
for the Adams Plateau Property" that is filed under the Company's
profile on SEDAR. The work will include infill soil sampling and
trenching along known anomalies in the Beca / South West Extension
Area, which will extend the soil survey on the project from Beca
area along strike for approximately 5 km's to the AXL-A2 area
thereby evaluating the Elsie - Lucky Coon and AXL-A2 areas.
Soil surveys in the Beca and Southwest Extension areas have
identified several sample sites that exhibit elevated silver, lead,
zinc and barite values. Phase 1 fieldwork will involve close spaced
sampling and hand trenching of the sites that has previously
returned strongly anomalous results. Extending the surveys from the
Beca Area to the AXL-A2 Area will determine if there are extensions
of the known anomalies.
Previous operators have completed extensive surface trenching,
sampling and shallow drilling at the Elsie - Lucky Coon Area and
reportedly identified narrow zones of high precious metal content,
stratabound mineralization. Exploration work during Stage 1 will
consist of compiling the historic drilling information into a GIS
database and field verification sampling to determine the
significance of the known mineralization.
It is estimated that fieldwork will take 10 to 12 weeks to
complete. Results will be announced as they become available.
Carl von Einsiedel, P.Geo, is the qualified person who has, on
behalf of the Company, reviewed the geologic information summarized
in this news release.
ON BEHALF OF THE BOARD
Brian Lueck, President, CEO and Director
This press release includes "forward-looking statements"
including forecasts, estimates, expectations and objectives for
future operations that are subject to a number of assumptions,
risks and uncertainties, many of which are beyond the control of
Otterburn Resources Corp. Statements regarding mineral exploration
operations and objectives including but not limited to the Phase 1
work program described above are subject to risk, including, but
are not limited to, exploration and geologic risk, inflation and
costs of goods and services, property title issues and regulatory
approvals. Investors are cautioned that any such statements are not
guarantees of future performance and that actual results or
developments may differ materially from those projected in the
forward-looking statements. Such forward-looking information
represents management's best judgment based on information
currently available. No forward-looking statement can be guaranteed
and actual future results may vary materially. Otterburn Resources
Corp. does not assume the obligation to update any forward-looking
statement, except as required by applicable law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Contacts: Otterburn Resources Corp. (604) 638-8067 (604)
648-8105 (FAX)
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