Welcome To The Pacific Comox Resources HUB On AGORACOM
focused on the exploration of the Ryan Lake copper-molybdenum claims at Matchewan, south of Timmins in Northern Ontario, and the Mabel gold/silver property in northern Sonora State Mexico.
Message: Bang! When you least expect it!
News!
Pacific Comox Reports 0.47% or 9.4 lbs/ton Molybdenum Plus 1.3% Copper Over 5 Meters Near Surface at Ryan Lake Copper-Molybdenum Project
11:45 EDT Thursday, April 10, 2008
TORONTO, ONTARIO--(Marketwire - April 10, 2008) - Pacific Comox Resources Ltd. (TSX VENTURE:PCM) reports the assays for an additional 3 diamond drill holes testing the area of the former producing underground copper mine (the South Zone) and the former producing open pit molybdenum mine (the North Zone) at its Ryan Lake copper/molybdenum property at Matachewan, Ontario. Assays will be reported when received for the additional holes which have been completed. The assay results for the 3 holes reported are summarized in Table 1.
NORTH ZONE
Hole 106 in the North Zone reported a mineralized interval of 79 meters grading 0.058% (1.2 lbs/ton) molybdenum & 0.17% copper starting at 1 meter from surface and extending to the end of the hole. This 79 meter interval included an interval of 5 meters from 13 meters of 0.47% (9.4 lbs/ton molybdenum) and 1.3% copper.
Hole 104 reported 41 meters from 13 meters grading 0.145% (2.9 lb/ton) molybdenum.
Holes 104 & 106 are two of 6 holes drilled in the North Zone to test the continuation of higher grade mineralization previously reported in holes 15, 16, 26 & 27 drilled to the northwest and previously reported. The mineralized intervals previously reported for holes 15, 16, 26 & 27 are also given in Table 1. Hole 15 reported an 8 meter near surface interval of 0.56% (11.2 lbs/ton) molybdenum and hole 16 reported a 9 meter interval of 0.58% (11.6 lbs/ton) molybdenum. Of the 24 holes reported before the drilling of the fence of 6 holes in the North Zone, 12 holes intersected a total of 15 intervals with an average grade of 0.16% (3.3 lbs/ton) molybdenum over an average length of 11 meters starting from 16 meters.
SOUTH ZONE
Hole C99B was collared to the southeast of the shaft in the South Zone and drilled to the north to test this shallow section. Hole C99B reported 36 meters of mineralization starting at 3 meters grading 0.22% copper and minor molybdenum, gold and silver.
The 2007 program on the South Zone extended both the North-South and East-West dimensions of the drill tested area to approximately 250 meters or 820 feet. The resource estimate for the South Zone is pending the inclusion of the reported holes.
Robert Hill P. Eng. serves as the qualified person (QP) for the sampling and exploration program under the definitions of National Instrument 43-101, reviewed this release and supervised the drilling program. The split NQ core samples were assayed at Swastika Laboratories Ltd. Swastika Ontario, an accredited laboratory.
The Company reports it is granting to Directors, officers and consultants options to purchase 8,500,000 shares at an exercise price of $0.10 per share, for a period of five years subject to acceptance by the TSX Venture Exchange. The Company currently has 4,200,000 options outstanding with an average exercise price of $0.11, with 2,300,00 expiring on May 27, 2008.
Donald Empey, President
For further information: view the Company web site at www.pacificcomox.com or the Company filings on SEDAR at www.sedar.com.
---------------------------------------------------------------------------
PACIFIC COMOX RESOURCES LTD
---------------------------------------------------------------------------
Table 1: Drill Assays Reported From Ryan Lake Property
---------------------------------------------------------------------------
South Zone - Former Underground Mine Area
---------------------------------------------------------------------------
North Zone - Former Open Pit Molybdenum Mine Area
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Hole # From To Length Copper Mo Mo Gold Silver
---------------------------------------------------------------------------
(m) (m) (m) (%) (%) (lbs/ton) (g/tonne) (g/tonne)
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-07-C99B 5313159N, 52 2719E,Length 39 meters, Azimuth 350 degrees,
Dip -45 degrees
---------------------------------------------------------------------------
3 39 36 0.22 0.006 0.012 0.08 2.48
---------------------------------------------------------------------------
Including 9 17 8 0.44 0.008 0.016 0.13 5.76
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-07-104 5313669N, 52 2519E, Length 80 meters, Azimuth 320 degrees,
Dip -80 degrees
---------------------------------------------------------------------------
1 80 79 0.04 0.080 1.60 0.01 0.61
---------------------------------------------------------------------------
Including 13 54 41 0.05 0.145 2.90 0.01 0.92
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-07-106 5313682N, 52 2525E, Length 80 meters, Azimuth 320 degrees,
Dip -80 degrees
---------------------------------------------------------------------------
1 80 79 0.17 0.058 1.16 0.02 0.78
---------------------------------------------------------------------------
Including 13 18 5 1.30 0.470 9.40 0.15 7.14
---------------------------------------------------------------------------
---------------------------------------------------------------------------
FOLLOWING HOLES PREVIOUSLY REPORTED
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-07-105 5313675N, 52 2523E, Length 80 meters, Azimuth 320 degrees,
Dip -80 degrees
---------------------------------------------------------------------------
2 8 6 0.05 0.043 0.86 0.01 0.38
---------------------------------------------------------------------------
48 70 22 0.03 0.026 0.52 0.01 0.27
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-07-103 5313666N, 52 2516E, Length 79 meters, Azimuth 320 degrees,
Dip -80 degrees
---------------------------------------------------------------------------
1 80 79 0.03 0.092 1.84 0.01 0.52
---------------------------------------------------------------------------
30 44 14 0.07 0.304 6.08 0.01 1.55
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-07-98 5313352N, 52 2653E, Length 227 meters, Azimuth 180 degrees,
Dip -46 degrees
---------------------------------------------------------------------------
13 208 195 0.13 0.013 0.26 0.02 1.01
---------------------------------------------------------------------------
51 84 33 0.22 0.019 0.38 0.01 1.82
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-07-C92C 5313195N, 52 2654E, Length 41 meters, Azimuth 0 degrees,
Dip -51 degrees
---------------------------------------------------------------------------
6 12 6 0.21 0.012 0.24 0.06 1.88
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-07-100 522586E, 531 3310N, Length 122 meters, Azimuth 0 degrees,
Dip -45 degrees
---------------------------------------------------------------------------
57 87 30 0.14 0.022 0.44 0.02 1.00
---------------------------------------------------------------------------
Including 72 87 15 0.22 0.032 0.64 0.01 1.40
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-07-102 522521E, 531 3672N, Length 72 meters, Azimuth 320 degrees,
Dip -80 degrees
---------------------------------------------------------------------------
1 72 71 0.18 0.169 3.38 0.02 1.21
---------------------------------------------------------------------------
Including 30 49 19 0.52 0.268 5.36 0.03 2.84
---------------------------------------------------------------------------
Including 38 41 3 2.80 0.224 4.48 0.11 8.80
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-07- C91B 522697E, 531 3196N, Length 23 meters, Azimuth 0 degrees,
Dip -50 degrees
---------------------------------------------------------------------------
4 18 14 0.19 0.040 0.80 0.08 2.00
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-07-101 522525E, 531 3676N, Length 80 meters, Azimuth 320 degrees,
Dip -80 degrees
---------------------------------------------------------------------------
1 16 15 0.22 0.494 9.88 0.03 3.98
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-O6-15 522531E, 531 3695N, Length 89 meters, Azimuth 220 degrees,
Dip -50 degrees
---------------------------------------------------------------------------
2 50 48 0.06 0.154 3.08 0.01 1.11
---------------------------------------------------------------------------
Including 9 17 8 0.18 0.560 11.20 0.02 4.37
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-06-16 522527E, 531 3689N, Length 89 meters, Azimuth 40 degrees,
Dip- 50 degrees
---------------------------------------------------------------------------
2 21 20 0.33 0.329 6.57 0.04 5.02
---------------------------------------------------------------------------
Including 9 18 9 0.52 0.581 11.62 0.03 9.85
---------------------------------------------------------------------------
54 62 8 0.06 0.043 0.85 0.01 0.35
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-06-26 522519E, 531 3679N, Length 94 meters, Azimuth 220 degrees,
Dip -50 degrees
---------------------------------------------------------------------------
2 31 29 0.03 0.044 0.88 0.01 0.34
---------------------------------------------------------------------------
Including 2 8 6 0.05 0.109 2.18 0.01 0.75
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PC-06-27 522517E, 531 3676N, Length 81 meters, Azimuth 40 degrees,
Dip- 50 degrees
---------------------------------------------------------------------------
2 50 48 0.04 0.072 1.44 0.01 0.43
---------------------------------------------------------------------------
Including 2 15 13 0.06 0.101 2.02 0.01 0.74
---------------------------------------------------------------------------
Including 28 40 12 0.04 0.136 2.72 0.01 0.55
---------------------------------------------------------------------------
53 76 23 0.01 0.017 0.34 0.01 0.18
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Assays for hole 101 reported on Feb 11, 2008. Assays for holes 15 &16
reported on March 22, 2006
---------------------------------------------------------------------------
Assays for holes 26 & 27 reported October 16, 2006. Assays for holes 100,
102 & C91B reported Feb 21, 2008.
---------------------------------------------------------------------------
Assays for holes 98, 103, 105, C92C reported March 31, 2008.
---------------------------------------------------------------------------
True width of mineralized intervals not known at this time.
---------------------------------------------------------------------------
FOR FURTHER INFORMATION PLEASE CONTACT:
Pacific Comox Resources Ltd.
Donald Empey
(416) 977-4653
(416) 977-8335 (FAX)
Email: [email protected]
Website: www.pacificcomox.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Loading...
Loading...
New Message
Please
login
to post a reply