I hate the part of this news release where it mentions Scott Weekes resigned with no reason as director of Central.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2010) - Central Resources Corp. (TSX VENTURE:CBC) ("Central" or the "Company") is pleased to announce that the winter drill program started in early February on the Newman Todd gold project in Red Lake, Ontario is now complete. The core drilling program consisted of six holes, totalling some 2,450 meters, designed to expand the known zones of mineralization and test the overall structural trend on the property. This drilling has shown that the mineralized breccia corridor extends a minimum of 200 metres further to the northeast of where it was previously intersected. Analytical results from the current drill program are pending.
As announced on January 12, 2010, Central completed a four hole, 1,300 metre, drill program in late 2009 targeting gold mineralization in two areas 400 metres apart, which resulted in three of the four holes intersecting intervals of greater than 20 grams per tonne gold.
The Newman Todd property is located in the Red Lake gold camp which is one of the richest gold regions in the world and includes Goldcorp's Campbell and Red Lake mines. Central has an option from Redstar Gold Corp. (TSX-V: RGC) to earn a 60% interest in the property by incurring $6.5 million in exploration work and issuing 1,250,000 shares to Redstar over 4 years.
The Company is also pleased to announce that effective April 1, 2010 Mr. Tim McNulty has been appointed Chief Financial Officer. Mr. McNulty holds a Bachelor of Commerce Degree in Finance and has over 15 years of corporate finance and investor relations experience. He has been a director and officer of Central since the Company's inception and replaces Mr. Christopher Hopton who has stepped down to pursue other interests. In addition, Scott Weekes has resigned as a Director of the Company effective immediately. The Company would like to thank both Mr. Hopton and Mr. Weekes for their contributions to the Company and wishes them success in their future endeavours.
Peter Thiersch, M. Sc., P. Geo., a "Qualified Person" as defined by National Instrument 43-101, has reviewed and approved the technical disclosure in this news release.
About Central Resources
Central Resources Corp. is a junior mineral exploration company created to leverage the extensive knowledge and expertise of an experienced team of financial and resource industry professionals. The Company's key assets are the Newman Todd gold project in Red Lake, Ontario and Tam porphyry copper prospect in Central BC. Management is also actively seeking additional exploration opportunities.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Central Resources Corp.
Paul Reynolds
President and CEO
604-630-3731
info@centralres.ca
www.centralres.ca
or
Central Resources Corp.
Tim McNulty
CFO
604-630-3734
