Post by Franko10 ™ on Oct 2, 2004 13:56:29 GMT -5
Claimstaker Resources: R.C. Drilling Program Initiated at
Golden Trend, Nevada Property
VANCOUVER, BRITISH COLUMBIA--A winter program of geophysics,
trenching and geochemical rock sampling has confirmed three
significant drill targets on Claimstaker's Golden Trend property
in Nevada.
An outcrop area of carbonate rock was stripped, trenched and
sampled. Sample results indicated that the entire area that was
trenched was geochemically anomalous in gold, and highly anomalous
in arsenic and strontium. Since the Battle Mountain-Eureka gold
trend, and, in particular, the Gold Acres-Pipeline-Cortez area,
exhibit a direct correlation between highly arsenic geochemistry
and gold ore, Claimstaker's geologists are extremely encouraged by
these preliminary results.
Moreover, a second target area showed geochemically anomalous
gold, arsenic and copper values associated with an intrusive d**e
in a fault structure. A third target area, a breccia zone which
was trenched, exhibited a very high geochemical copper anomaly (up
to 1.0 percent copper), together with anomalous arsenic and gold
values. Furthermore, the geophysical results place these drill
targets in close proximity to strong, steeply dipping fault
structures, including a splay off the Cortez Fault.
Beginning today, an RC Drilling program on the Golden Trend
Property will test the extent of these mineralized zones both
laterally and at depth.
The Golden Trend Project is a 50/50 joint venture between
Claimstaker Resources Ltd. and Jipangu Inc. in which Jipangu is
financing a $500,000 exploration program to complete its earn-in
on the project of which Claimstaker is the operator.
On behalf of the Board of Directors
CLAIMSTAKER RESOURCES LTD.
R. Somerville, President and C.E.O.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Claimstaker Resources Ltd.
Mr. Robert Veitch
Investor Relations
1-888-236-5200
Website: www.claimstakerresources.com
The Vancouver Stock Exchange has neither approved nor disapproved
of the information contained herein.
Golden Trend, Nevada Property
VANCOUVER, BRITISH COLUMBIA--A winter program of geophysics,
trenching and geochemical rock sampling has confirmed three
significant drill targets on Claimstaker's Golden Trend property
in Nevada.
An outcrop area of carbonate rock was stripped, trenched and
sampled. Sample results indicated that the entire area that was
trenched was geochemically anomalous in gold, and highly anomalous
in arsenic and strontium. Since the Battle Mountain-Eureka gold
trend, and, in particular, the Gold Acres-Pipeline-Cortez area,
exhibit a direct correlation between highly arsenic geochemistry
and gold ore, Claimstaker's geologists are extremely encouraged by
these preliminary results.
Moreover, a second target area showed geochemically anomalous
gold, arsenic and copper values associated with an intrusive d**e
in a fault structure. A third target area, a breccia zone which
was trenched, exhibited a very high geochemical copper anomaly (up
to 1.0 percent copper), together with anomalous arsenic and gold
values. Furthermore, the geophysical results place these drill
targets in close proximity to strong, steeply dipping fault
structures, including a splay off the Cortez Fault.
Beginning today, an RC Drilling program on the Golden Trend
Property will test the extent of these mineralized zones both
laterally and at depth.
The Golden Trend Project is a 50/50 joint venture between
Claimstaker Resources Ltd. and Jipangu Inc. in which Jipangu is
financing a $500,000 exploration program to complete its earn-in
on the project of which Claimstaker is the operator.
On behalf of the Board of Directors
CLAIMSTAKER RESOURCES LTD.
R. Somerville, President and C.E.O.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Claimstaker Resources Ltd.
Mr. Robert Veitch
Investor Relations
1-888-236-5200
Website: www.claimstakerresources.com
The Vancouver Stock Exchange has neither approved nor disapproved
of the information contained herein.