Cloudbreak Resources Receives Drill Permits for Highly Prospective Coal Project and is Subject of Mining Journal Advisory
May 13, 2009 (BAYSTREET NEWSWIRE via COMTEX News Network) -- MiningMarketWatch Journal has published a Special Advisory/Update onCloudbreak Resources Ltd. (TSX VENTURE: CDB)(Frankfurt: C6K)(PinkSheets: CUDBF). The review offers insight and opportunity affordedinvestors as Cloudbreak has now received approval for coal drillingpermits and prepares for a planned Q3 2009 drill program on property inthe same Saskatchewan coal trend as Goldsource. Each of the planneddiamond drill holes targets the near surface expression of theCretaceous Mannville Formation which is the target stratigraphy ofGoldsource's "Durango Trend". The Mining Journal researched throughgeologists, management, and other sources the science, opinions, andconfidence behind CDB.V coal prospects and in conclusion the MiningJournal believes it would be remiss in not urging their readership toconsider a long position now. CDB.V appears undervalued relative to thenature of its core holdings and potential. The Company possesses ahighly skilled technical team, experienced management committed tomaximizing shareholder value, and the security trades with goodliquidity.
"CloudbreakResources appears poised for significant upside revaluation. CloudbreakResources has one of strongest land packages for coal exploration inSaskatchewan. Geologists we've interviewed believe CDB.V is ideallypositioned in the coal trend with superior technical characteristicsconducive to finding a deltic-sequence for quality thermal coal similarin size or even larger than what Goldsource found on the same trend. Adrill program (permits received May 12, 2009 for up to 40 holes) setfor Q3 2009 on the 100% owned CDB.V Dowd Lake Coal Property will beginby effectively twinning a historic 145m variable coal seam intercept(from a former operator in search of kimberlite) that is indicated ingovernment reports as Sub Bituminous C coal, the drill program willthen build off analysis of the first hole. CDB.V appears undervaluedwith only ~84M shares outstanding and trading under CDN$0.10. Therisk-reward characteristics are highly advantageous for investorsestablishing a long position in CDB.V now, going into drilling.
Permitsto drill up to 40 coal exploration test holes at their "Dowd Lake CoalProperty" near the town of La Ronge, in Central Saskatchewan have beenapproved and granted by the Saskatchewan Ministry of Environment. The"Dowd Lake Coal Property" is comprised of a total of 96 CoalProspecting Permits covering approximately 182,000 acres of prospectivecoal bearing lithologies. Each of the planned diamond drill holestargets the near surface expression of the Cretaceous MannvilleFormation which is the target stratigraphy of Goldsource's "DurangoTrend".
Cloudbreak Resources Ltd. is a Canadian-based mineralexploration company listed on the TSX Venture Exchange (ticker symbolCDB). The Company has come to our attention due, in part, to theoutstanding prospects for coal discovery on their 100% ownedSaskatchewan project and, in our opinion, the resulting extraordinaryopportunity afforded to prospective investors..."
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