Canadian Orebodies Highlights Drill Results on the Farley Lake Mine Project Joint Venture with Carlisle Goldfields Limited
March 17 2014 - 5:13PM
Marketwired
Canadian Orebodies Highlights Drill Results on the Farley Lake Mine
Project Joint Venture with Carlisle Goldfields Limited
TORONTO, ONTARIO--(Marketwired - Mar 17, 2014) - Canadian
Orebodies Inc. (TSX-VENTURE:CO) ("Orebodies" or the "Company") is
pleased to highlight interim results from an additional 6 holes on
the Farley Lake Mine Project, which the company has a 10% interest
in through a joint venture with Carlisle Goldfields Limited
(TSX:CGJ) ("Carlisle"), who is the operator of the project. Drill
hole FL13-01 intersected 6.1 g/t gold ("Au") over 17.0m from 138.0m
to 155.0m. Drilling at Farley Lake commenced in December 2013 (see
Carlisle's Press Release dated December 12, 2013).
Carlisle's President and CEO, Abraham Drost commented that: "Our
second set of drill results shows that the grade of Inferred
resources encountered in the current drill program at Farley is
holding up well. While there is more drilling to be done to convert
Inferred ounces at Farley to the appreciable pre-feasibility ready
Measured and Indicated gold resource at the Farley and MacLellan
deposits under the recent optimized PEA (see Press Release dated
February 27, 2014), we are off to a good start."
Hole |
From (m) |
To (m) |
Drill Interval (m) |
Au Grade (g/t) |
FL13-01 |
69.0 |
77.0 |
8.0 |
2.2 |
|
138.0 |
155.0 |
17.0 |
6.1 |
|
|
|
|
|
FL13-02 |
65.5 |
69.0 |
3.5 |
5.9 |
|
148.5 |
150.0 |
1.5 |
6.2 |
|
164.5 |
167.5 |
3.0 |
5.4 |
|
|
|
|
|
FL13-04 |
77.0 |
78.0 |
1.0 |
8.2 |
|
|
|
|
|
FL13-09 |
139.5 |
145.5 |
6.0 |
2.9 |
|
334.0 |
346.0 |
12.0 |
4.6 |
|
353.0 |
369.5 |
16.5 |
4.0 |
|
|
|
|
|
FL13-14 |
120 |
133 |
13.0 |
2.2 |
|
184 |
195 |
11.0 |
3.3 |
|
|
|
|
|
FL13-17 |
174 |
177 |
3.0 |
5.4 |
|
|
* |
Drill Results highlighted and sub results use an arbitrary
cut-off grade of 0.60 g/t Au. |
** |
true width calculations indicate that true width is in excess
of 90% of core length. |
QA/QC
Carlisle's exploration programs are carried out under the
supervision of Peter Karelse P.Geo., Vice-President of Exploration,
a Qualified Person as defined by NI 43-101, who reviewed and
approved the technical content of this press release.
Samples were transported directly in secure containers from the
Carlisle Goldfields site in Lynn Lake, Manitoba, to the TSL
Laboratories in Saskatoon, Saskatchewan. TSL, which is an
accredited ISO/IEC 17025 lab, assayed the samples using standard
fire assay methods with a gravimetric finish. Certified standards
are placed in the sample stream at a rate of one standard per 20
samples. Certified blanks are placed in the sample stream at a rate
of one blank every 40 samples. One lab reject duplicate per 30
samples is submitted to an umpire lab for assay verification.
Results are analyzed for acceptance at the time of import. All
standards associated with the results in this press release were
determined to be acceptable within the defined limits of the
standard used.
About Orebodies: Canadian Orebodies is a Canadian-based mineral
exploration company with a portfolio of properties in Nunavut,
Ontario, and Manitoba. Canadian Orebodies trades on the TSXV under
the symbol "CO". For more information please visit
www.canadianorebodies.com.
This press release shall not constitute an offer to sell or
solicitation of an offer to buy the securities in any jurisdiction.
The Company's shares and other securities have not been and will
not be registered under the United States Securities Act of 1933
and may not be offered or sold in the United States absent an
applicable exemption from the registration requirements.
Except for statements of historical fact contained herein,
the information in this press release may constitute
"forward-looking information" within the meaning of Canadian
securities law. Other than statements of historical fact, all
statements are "forward-looking statements", including the
establishment and estimate of resources, that involve various known
and unknown risks and uncertainties and other factors. There can be
no assurance that such statements will prove accurate. Results and
future events could differ materially from those anticipated in
such statements. Readers of this press release are cautioned not to
place undue reliance on these "forward-looking statements". Except
as otherwise required by applicable securities statutes or
regulation, Carlisle expressly disclaims any intent or obligation
to update publicly forward-looking information, whether as a result
of new information, future events or otherwise.
Neither IIROC nor the TSX accepts responsibility for the
adequacy or accuracy of this release.
Canadian Orebodies Inc.Gordon McKinnonPresident & CEO(705)
268-9000www.canadianorebodies.com