Chapleau Discovers Additional Gold Zones at Coringa in Brazil and an 860 Line-km Electromagnetic Survey Will Commence in August
July 24 2008 - 4:16PM
Marketwired
CRANBROOK, BRITISH COLUMBIA has completed the regional pan
concentrate sampling of streams to the west and southwest of the
principal 10 km of gold mineralized structures at the Coringa gold
project in Brazil. Geochemical results received from the pan
concentrate sampling have confirmed anomalous gold values ranging
from 3 to 150 g/t gold which define at least 3 additional potential
sources of gold over an area of 20 sq km (see maps on website:
www.chapleauresources.com/projectmaps.php?ID=11). Further follow-up
exploration to more accurately define the sources of gold
mineralization is currently underway.
A time domain electromagnetic (EM) geophysical survey of 860
line-km will also be flown in August, 2008 to cover all identified
pan concentrate and gold in soil anomalies both at Coringa and Mato
Velho. The EM survey will be done to enhance and delineate future
drill targets on the 31,995 ha of claims (see maps on website:
www.chapleauresources.com/projectmaps.php?ID=11).
Regional pan concentrate sampling of streams, limited follow-up
soil sampling and the 3,139.68 line-km airborne magnetic,
gradiometric and radiometric geophysical survey flown over the area
in 2007, have been very successful in expanding the gold potential
of the Coringa-Mato Velho gold camp. Beyond the original 10 km of
gold mineralized structures and 4.5 km of artisanal gold workings
at Coringa and Mato Velho an additional 13 km of unexplored gold
targets at Coringa and at least 2 km of additional gold
mineralization at Mato Velho have been identified.
Ian Gendall (President) commented: "We are extremely encouraged
with the results from the regional reconnaissance program and are
looking forward to the results of the helicopter borne
electromagnetic survey to extend our drill targets beyond the
initial drill tested areas. The discovery of additional
gold-bearing parallel structures demonstrates the potential for
multiple mineralized zones at Coringa. A 7,000 m drill program will
commence in August and two drill rigs will be on site until
2009".
Pan concentrate samples were 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. 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.
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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