Central Resources Announces Positive Results from Phase 1 Soil Sampling Program at Selwyn Creek Project, Yukon
21 Setembro 2010 - 5:27PM
Marketwired
Central Resources Corp. (TSX VENTURE: CBC) ("Central" or the
"Company") is pleased to announce results from an initial program
of soil sampling at the Company's 522-claim (10,917 hectares)
Selwyn Creek Gold project, in the White Gold Area of central Yukon.
Strongly anomalous results of up to 523 ppb gold and 283 ppm
arsenic were returned from 13 line km of contour soil sampling in
the West Zone, and results of up to 470 ppb gold and 1,045 ppm
arsenic were obtained from soil samples collected over a 900 m by
1,700 m grid in the East Zone of the "L" claim block. A map of the
project area will be available on the Company's website shortly.
"We are very pleased that our first phase of soil sampling has
confirmed earlier work and outlined several potentially significant
gold and arsenic soil anomalies on the "L" claim block," said Paul
Reynolds, President and CEO of Central Resources. "Obtaining
results as high as 470 ppb gold in the East Zone is particularly
encouraging as this anomaly actually extends off the grid area,
which we have now extended and results are pending. In the West and
Central Zones we also have broad arsenic anomalies in contour
soils, which are intriguing and definitely warrant additional
work."
The Selwyn Creek Gold project consists of 6 separate claim
blocks (J, K, L, M, N, O) located in the Dawson Range, generally
above tree line, south of the Yukon River and centred on Selwyn
Creek. The properties were staked on the basis of historic
anomalous soil and sediment sampling conducted by Archer Cathro
& Associates (1981) Limited in the mid 1980's. The results
announced today are from the first follow up sampling program
conducted on the properties by Central Resources and incorporates
the previous sample results.
Over 2,300 soil samples were collected from grids and contour
lines covering the various claim groups, with the main focus on the
largest (220 claims) "L" block, which hosts the bulk (821) of the
samples collected this year. On the "L" claim block, results for
gold varied from detection limit to 523 ppb gold, with 9 samples
over 100 ppb gold and 24 samples over 50 ppb gold. Results for
arsenic varied from 1 to 1,045 ppm arsenic, with 40 samples over
100 ppm arsenic and 137 samples over 50 ppm arsenic. Other claim
blocks returned weakly to moderately anomalous values in arsenic
and gold, which will need to be followed up with additional soil
sampling.
In the East Zone of the "L" claim block, samples were collected
from a coarse 900 m by 1,700 m grid of 50 m spaced stations on 200
m spaced lines in addition to samples collected from 50 m stations
on various contour lines. Sample results from the East Zone have
identified two greater than or equal to 20 ppb gold soil anomalies
each measuring roughly 500 m by 500 m. Within the easternmost
anomaly, gold grades appear to be increasing to the north and east
of the grid. The grid has therefore been expanded, additional soil
samples have been collected, and these results are pending.
The West Zone of "L" claim block returned anomalous gold values
of greater than or equal to 20 ppb outlining an area of roughly 400
m by 400 m, coincident with a somewhat broader greater than or
equal to 50 ppm arsenic anomaly. Further to the west (and to the
south-east in the Central Zone) additional arsenic anomalies of
greater than or equal to 24 ppm have been outlined by contour
sampling over several line kilometres, with spikes of greater than
or equal to 100 ppm arsenic at single sample stations. This area
warrants additional work, including prospecting and more detailed
grid sampling.
Soil sample analyses were done at ALS Chemex in North Vancouver.
The samples were initially analyzed for gold by fire assay followed
by inductively coupled plasma-atomic emission spectroscopy
(Au-ICP21) and 35 other elements by inductively coupled
plasma-atomic emission spectroscopy (ME-ICP41).
Field work was supervised by Heather Smith, P.Geo., of Archer,
Cathro, who is a qualified person under the definition of National
Instrument 43-101. Ms. Smith is responsible for all aspects of the
work including the quality control/quality assurance program. All
samples were analyzed by ALS Chemex of North Vancouver, BC. ALS
Chemex is an ISO accredited laboratory. Quality control is further
assured by the use of international and in-house standards. Heather
Smith, P.Geo., has reviewed and approved the technical disclosure
in this news release.
Central has the right to earn a 100% interest in the properties
from Strategic Metals Ltd. by making payments of $300,000 cash and
3,000,000 shares by February 15, 2012.
About Central Resources
Central Resources Corp. is a junior mineral exploration company
created to leverage the extensive knowledge and experience of a
dedicated group of financial and resource industry professionals.
The Company has acquired options on several highly prospective
mineral properties in the White Gold District of central Yukon, and
continues to seek additional opportunities to build shareholder
value.
This news release contains forward-looking information, which
involves known and unknown risks, uncertainties and other factors
that may cause actual events to differ materially from current
expectation. Important factors - including the availability of
funds, the results of financing efforts, the results of exploration
activities - that could cause actual results to differ materially
from the Company's expectations are disclosed in the Company's
documents filed from time to time on SEDAR (see www.sedar.com).
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The Company disclaims any intention or obligation,
except to the extent required by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Neither 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: Central Resources Corp. Paul Reynolds President and
CEO 604-630-3731 info@centralres.ca www.centralres.ca Central
Resources Corp. Tim McNulty CFO 604-630-3734 info@centralres.ca
www.centralres.ca
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