Chapleau Commences a 70.7 Line km Ground IP Survey in Preparation for the 7,000 m Phase 3 Drill Program
July 08 2008 - 3:52PM
Marketwired
CRANBROOK, BRITISH COLUMBIA has commenced a 70.7 line km IP
(induced polarization) dipole-dipole, geophysical survey over
approximately 7.0 km of gold-bearing structures at Coringa (see
maps on website www.chapleauresources.com). This geophysical survey
will be used to better define drill targets being planned for the
7,000 m, third phase diamond drill program to commence in August
2008.
The 7,000 m diamond drill program will be done with two drill
rigs and will target:
1. Extensions of gold mineralization along the
Guaxebinha-Meio-Onca structure that has a strike length of 1,120 m.
Limited drilling (4 drill holes) in the Meio zone has identified
high grade gold over an area of 200 m. Previous drill results
included:
- Hole 62 with 3.0 m of 65.77 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 to 59
m.
- Hole 11 (This hole was drilled approximately 50 m northwest of
hole 62) with 2.0 m of 23.67 g/t Au, 28.25 g/t Ag and 1.67 % Pb
from 50 to 52 m).
- Hole 65 with 5.0 m of 3.57 g/t Au, 28.73 g/t Ag, 2.23 % Pb,
1.91 % Zn and 0.25 % Cu from 113.5 to 118.5 m. This hole was
drilled approximately 33 m northeast of Hole 62.
2. Gold mineralization below 150 m depth on the Serra structure
which had the following best drill intercepts highlighted in the
table below and previously reported in press releases on website
www.chapleauresources.com.
Summary Table of Best Drill Intercepts - Serra Structure
----------------------------------------------------------------------------
Drill Hole ID FROM TO WIDTH (m) Au_(g/t)
----------------------------------------------------------------------------
BR_COR_DDH1 33.00 34.50 1.5 29.31
----------------------------------------------------------------------------
BR_COR_DDH41 60.50 62.00 1.5 14.82
----------------------------------------------------------------------------
BR_COR_DDH42 38.00 39.50 1.5 22.47
----------------------------------------------------------------------------
BR_COR_DDH57 97.00 98.50 1.5 16.08
----------------------------------------------------------------------------
BR_COR_DDH61 98.50 100.00 1.5 15.97
----------------------------------------------------------------------------
BR_COR_DDH38 36.20 37.80 1.6 9.08
----------------------------------------------------------------------------
BR_COR_DDH57 97.00 98.50 1.5 16.08
----------------------------------------------------------------------------
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
CHAPLEAU RESOURCES LTD., Ian Gendall/President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. 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.
Contacts: Chapleau Resources Ltd. Ian Gendall President (604)
669-8511 (604) 669-7712 (FAX) Email: info@chapleauresources.com
Website: www.chapleauresources.com
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