Crazy Horse Continues to Extend Mineralization at Taysan Copper-Gold Project in Holes CZT024 to CZT028
June 07 2011 - 9:30AM
Marketwired
Crazy Horse Resources Inc. (TSX VENTURE: CZH) -
HIGHLIGHTS:
-- CZT027 drills 426m of 0.23% Cu, 0.10 g/t Au and 0.52 g/t Ag from 40m to
466m including 52m of 0.35% Cu, 0.18 g/t Au and 0.90 g/t Ag from 254m to
306m.
-- CZT027 extends the resource to depth with 52m of 0.14% Cu, 0.05 g/t Au
and 0.66 g/t Ag from 598m to 650m, some 80m below the previously known
base of ore.
-- Deposit remains open and drilling continues with six diamond drill rigs.
Crazy Horse Resources Inc. (the "Company") a Philippines based
mineral exploration company, announces assays from the 24th to 28th
holes of the feasibility drilling program on its Taysan copper-gold
porphyry project, including:
CZT027 assay results on section 19100N continue to confirm the
existence of deeper ore zones beneath current known ore in the 52m
zone from 598m to 650m.
CZT028 assay results on section 18920N continue to confirm the
existence of deeper ore zones beneath current known ore in the 10m
zone from 664m to 674m.
CZT024 assay results on section 19040N continue to confirm the
existence of significant silver grades associated with the
copper-gold resource.
High grade zones in CZT027 and CZT028 will also help to refine
the location of the greater than 0.3% Cu wireframe models.
CZT025 assay results on section 19280N continue to confirm the
near surface ore body and will help to define the contact between
the mineralised intrusive and the country rock at 188m on this
section.
CZT026 assay results on section 18920N also confirm the near
surface ore body and the validity of current resource
wireframes.
Johan Raadsma, President and CEO of Crazy Horse states, "The
on-going positive results further substantiate the Taysan deposit
as a reliable, predictable and growing deposit. Persistent silver
grades are fantastic and we will further these toward a compliant
resource."
A summary of the results from holes CZT024 to CZT028 is as
follows:
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Drill Cutoff
Hole Cu Au Ag Cu
No From To Interval (%) (g/t) (g/t) (%)
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CZT024 66 214 148 0.15 0.03 1.23 0.1
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including CZT024 66 158 92 0.14 0.02 1.72 Ag 1 g/t
---------------------------------------------------------------------------
CZT025 28 90 62 0.13 0.06 0.28 0.1
---------------------------------------------------------------------------
CZT025 122 188 66 0.12 0.04 0.48 0.1
---------------------------------------------------------------------------
CZT026 70 232 162 0.17 0.07 0.36 0.1
---------------------------------------------------------------------------
including CZT026 106 112 6 0.35 0.12 0.60 0.3
---------------------------------------------------------------------------
CZT026 260 268 8 0.20 0.05 1.18 0.1
---------------------------------------------------------------------------
CZT027 40 466 426 0.23 0.10 0.52 0.1
---------------------------------------------------------------------------
including CZT027 68 100 32 0.23 0.10 0.43 0.3
---------------------------------------------------------------------------
including CZT027 112 122 10 0.29 0.14 0.86 0.3
---------------------------------------------------------------------------
including CZT027 140 156 16 0.42 0.12 0.20 0.3
---------------------------------------------------------------------------
including CZT027 168 176 8 0.31 0.13 0.60 0.3
---------------------------------------------------------------------------
including CZT027 222 230 8 0.35 0.11 0.88 0.3
---------------------------------------------------------------------------
including CZT027 254 306 52 0.35 0.18 0.90 0.3
---------------------------------------------------------------------------
including CZT027 322 334 12 0.29 0.11 0.80 0.3
---------------------------------------------------------------------------
including CZT027 388 396 8 0.36 0.18 0.78 0.3
---------------------------------------------------------------------------
including CZT027 432 442 10 0.26 0.11 0.80 0.3
---------------------------------------------------------------------------
CZT027 470 478 8 0.10 0.06 0.35 0.1
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CZT027 502 508 6 0.13 0.09 0.20 0.1
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CZT027 518 574 56 0.19 0.13 0.92 0.1
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including CZT027 524 532 8 0.40 0.33 1.25 0.3
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CZT027 598 650 52 0.14 0.05 0.68 0.1
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CZT028 56 66 10 0.12 0.05 0.14 0.1
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CZT028 82 88 6 0.12 0.05 0.00 0.1
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CZT028 112 390 278 0.17 0.08 0.46 0.1
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including CZT028 154 168 14 0.23 0.08 0.41 0.3
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including CZT028 178 184 6 0.32 0.11 1.17 0.3
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including CZT028 192.1 204 11.9 0.32 0.14 1.03 0.3
---------------------------------------------------------------------------
CZT028 402 540 138 0.13 0.07 0.55 0.1
---------------------------------------------------------------------------
CZT028 574 616 42 0.13 0.04 0.22 0.1
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CZT028 664 674 10 0.28 0.06 0.52 0.1
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To view the image (Location Map of Drill Collars for all Crazy
Horse Drill Holes Reported to Date) accompanying this release,
please click on the following link:
http://media3.marketwire.com/docs/czh67.pdf
Sampling Protocols
Drilling is carried out by Quest Exploration Drilling
(Philippines) Inc. using Edson 3000 and LF70 drill rigs and a
triple tube diamond core drilling system. All holes are started in
PQ (150-200m) then continued in HQ. All core is split using a
diamond-bladed drill-core saw and always sampled from the (true)
left side of the core. The remaining half of the core is sealed in
plastic bags in a nitrogen atmosphere and stored in a covered,
guarded core shed. Core samples are bagged in new polyethylene, UV
stable plastic bags, sealed with a plastic tie, numbered outside
and have a tag placed inside the bag. All samples are accompanied
by Asian Arc personnel from site to the McPhar Laboratory under
secure "Chain of Custody" procedures. Samples are crushed to 85%
less than 2mm then 1kg is split out and pulverised in an LM2 Puck
and Bowl Pulveriser to 90% less than 75um. Gold is assayed by Fire
Assay (50g charge) with AAS finish (PM6). Cu, As, Mo, Fe and S are
assayed by ore grade analysis, 3 Acid (HCl/HNO3/HClO4) Digest with
ICP-AES finish (ICP-2). Ag is analysed by ore grade analysis
(HNO3/HClO4) digest with AAS finish (2A1/AAS). Sample rejects are
returned from the McPhar Laboratory under secure "Chain of Custody"
procedures by Asian Arc staff and also stored in the core shed in
heat sealed plastic bags in a nitrogen atmosphere. McPhar
Geoservices (Phil), Inc. is ISO 17025:2005 accredited and is a
member of the International Intertek Laboratory Group.
Taysan Project
A National Instrument 43-101 compliant technical report by
Mining Associates dated effective March 11, 2011 and entitled
"Mineral Resource Estimate and Preliminary Economic Assessment
Taysan Project" can be viewed under the Company's profile on SEDAR
(www.sedar.com).
The Taysan Project contains a copper-gold porphyry deposit with
an inferred resource, and is comprised of two mining exploration
permits and three mining exploration permit applications (permits:
EP-IVA-005 and EP-IVA-016, and permit applications: EPA-IVI-108,
EPA-IVI-111 and EPA-IVA-081) over five contiguous claim blocks
covering a combined total area of 11,254 hectares. The Taysan
Project hosts a large and only partly explored copper-gold porphyry
deposit similar to other copper-gold porphyry deposits previously
mined in the Philippines. The Taysan Project is located in southern
Luzon, Philippines in a well-developed mining province and readily
accessible by road located 20km east of the provincial capital and
deep water commercial port of Batangas City. The Company is
currently conducting a confirmatory scoping study under the
management of AMECMinproc Limited, which remains on track and on
schedule.
Brian Lueck, Chairman of the Company, is the qualified person
who has reviewed the geological data summarized in this news
release on behalf of the Company.
ON BEHALF OF THE BOARD
Johan Raadsma, President, CEO and Secretary
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
Crazy Horse Resources Inc. Statements regarding mineral exploration
operations and objectives 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. Crazy Horse
Resources Inc. 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: KIN Communications Inc. Investor Relations
1-866-684-6730 Ir@kincommunications.com