InvestorsHub Logo
Post# of 5067
Next 10
Followers 7
Posts 1142
Boards Moderated 0
Alias Born 12/17/2002

Re: None

Tuesday, 07/06/2004 3:12:51 PM

Tuesday, July 06, 2004 3:12:51 PM

Post# of 5067
Shame its in BC.

Fjordland Drilling Discovers Significant Gold-Copper at
Woodjam Project, BC; Intersects 275 Metres Grading 1.03
g/t Gold and 0.14% Copper

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jul 6, 2004) -
Fjordland Exploration Inc. (TSX-V: FEX) reports it has discovered
significant gold-copper porphyry-type mineralization at the
Woodjam project in central British Columbia. Diamond drill hole
04-32 intersected 361.2 metres grading 0.84 g/t gold and 0.12%
copper from bedrock surface to the end of the hole at 365.2
metres, including 274.9 metres of 1.03 g/t gold and 0.14% copper.


Gold-copper mineralization occurs throughout the -50 degrees
inclined hole. The drilling was stopped prematurely because of
insufficient drill rods available at the time and the
contractor's prior commitments to another project. Casing was
left in place in anticipation of reentering the hole.

Being the deepest hole ever drilled at Woodjam, this discovery is
considered to be significant since it demonstrates the potential
for extensive mineralization at depth and laterally below the
level of previous drilling. Past drilling by various operators on
the Megabuck Zone, consisting of 28 holes drilled from 1974 to
2002, encountered inconsistent gold-copper mineralization from
surface to a depth of approximately 175 metres within a 600 metre
by 450 metre area at the western end of a 2 kilometre long
induced polarization (IP) geophysical response.

As the first diamond drill hole of Fjordland's 2004 exploration
program, hole 04-32 focussed on testing the depth extent of
gold-copper mineralization on the Megabuck Zone. More deep holes
to determine the extent of gold and copper mineralization to
these levels are planned this year. A 2003 reconnaissance drill
hole, located within the IP anomaly approximately 800 metres east
of Megabuck, intersected 15 metres grading 0.90% copper, has yet
to be followed-up.

Mineralization at Woodjam is associated with a subvolcanic quartz
monzonite intrusion(s) in proximity to Takla Group volcanic
rocks, a common characteristic of major porphyry copper-gold
deposits in the Quesnel Trough mineral belt including Northgate
Mineral's (TSX: NGX) Kemess deposits and Imperial Metals
Corporation's (TSX: III) Mount Polley mine. Geologically, another
analogy can be made between the Woodjam property and Newcrest
Mining's (AX: NCM) Cadia Hill deposit in Australia.

Drilling by Imperial Metals at the Mount Polley property, located
35 kilometres northwest of Woodjam, has resulted in significant
copper-gold discoveries in 2003 and 2004. These discoveries have
increased the value of Imperial Metal's market capitalization
from a pre-discovery value of approximately $8 million in mid
2003 to greater than $150 million post discovery.

Given the success of the recent drilling at Woodjam, the Company
has recently staked additional claims to increase the size of the
property to approximately 4,550 hectares. The property has easy
year-round road access and nearby infrastructure, being situated
in a logging area 10 kilometres south of the village of Horsefly.


The entire Woodjam property is subject to an option agreement
between the Company and Wildrose Resources Ltd. (TSX-V: WRS),
which permits Fjordland to earn a 60% interest in Woodjam (see
news release dated August 1, 2001 or Woodjam technical report
http://www.fjordlandex.com/property/QPWoodjam04.pdf).

Commented Bill Morton, President of Wildrose, "Given Fjordland's
significant discovery, as well as the fact that the area is
recognized as among the most prospective mining districts in
North America for discovery of large gold-copper deposits, we
feel it is prudent to add to our land position." Added Mr.
Morton, "After being relatively inactive for over a decade, the
Cariboo region is experiencing a surge in exploration activity,
fueled by discoveries at Mount Polley and higher metal prices."

Under the supervision of L. John Peters, P.Geo., who is a
qualified person as defined by National Instrument 43-101, all
core samples were split in half at the drill site, with one-half
of the core sample retained on site and the other half sent to
Acme Analytical Laboratories Ltd, an ISO 9001:2000 accredited
laboratory in Vancouver, B.C., for analyses. Samples were
analyzed by fire assay fusion with an inductively coupled plasma
atomic emission spectroscopy (ICP-ES) finish for gold, and dilute
aqua-regia digestion with ICP-ES for a multi-element suite. Lab
controls consist of having 2 in-house standards and 1 blank
inserted as well as 1 randomly picked duplicate for every 30
samples.

Megabuck is one of three gold-copper zones identified to date at
Woodjam. Further information about the Woodjam project is
available on the Company's website at www.fjordlandex.com.

About Fjordland Exploration Inc.

Fjordland Exploration (TSX-V: FEX) is a mineral exploration
company focused on the discovery of gold, silver and base metal
deposits. The Company holds 100% options on five bonanza-type
gold/silver properties in Nevada and California, USA. In Canada,
Fjordland has a 60% earn-in option on the Woodjam gold-copper
project. In the Yukon, Fjordland has an option to earn a 100%
interest in a 9,000-hectare gold claim block located 75
kilometres south of Dawson City. The Company plans to drill-test
most of its properties in 2004. Further information is available
at www.fjordlandex.com.

Victor A. Tanaka, President

Shares Issued: 28,755,484


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.