Central Resources Reports Additional Geochemical Results from Selwyn Creek Gold Project ("M" and "N" claims) White Gold District
21 Gennaio 2011 - 3:00PM
Marketwired
Central Resources Corp. (TSX VENTURE: CBC) ("Central" or the
"Company") is pleased to report results from its 2010 soil sampling
program on the M and N claim blocks of the Company's Selwyn Creek
Gold project, located in the Dawson Range area of the White Gold
district, Yukon. Complete results from the central L block were
previously reported on September 21 and October 13, 2010.
Additional results from the peripheral J, K and O blocks will be
reported in a subsequent release.
"Our first set of results from the 2010 soil sampling on the M
and N claim blocks identified several single station gold and
arsenic soil anomalies," said Paul Reynolds, President and CEO of
Central Resources. "Exploration elsewhere in the unglaciated Dawson
Range has shown that single station soil anomalies are meaningful
and need to be followed up. Only 20% to 30% of these properties
have been sampled to date."
On the M block, several weak to moderate single point anomalies,
consisting of 23 ppb and 33 ppb gold and 107 ppm and 138 ppm
arsenic, were returned from 209 soil samples collected in 2010 on
three widely spaced contour lines and a coarse 100m x 100m grid. A
single historic (1985) soil sample returned a value of 254 ppb Au
which remains unexplained. Two gossanous (iron oxide stained) areas
identified in 1974 along the banks of a creek appear to represent
the trace of a northwest trending structure which cuts the western
portion of the claim block and this area remains to be gridded and
sampled.
On the N block, 129 widely spaced contour soil samples collected
in 2010 returned weakly to moderately anomalous values in gold and
arsenic, including peak values of 30 ppb gold and 119 ppm arsenic.
A previous (1985) soil sample returned a value of 156 ppb gold.
The Company plans to conduct detailed prospecting and additional
sampling on the M and N blocks in 2011, to follow up on existing
anomalies and infill the remaining property areas, in order to
identify potential trench targets for subsequent testing.
Background
The Selwyn Creek Gold project consists of six separate claim
blocks (J, K, L, M, N, O) located in the Dawson Range, south of the
Yukon River and centred on Selwyn Creek. The properties were staked
on the basis of historic anomalous soil and sediment sampling
conducted by Archer Cathro & Associates (1981) Limited in the
mid 1980's. Central has the right to earn a 100% interest in the
properties from Strategic Metals Ltd., by making payments of
$300,000 cash and 3,000,000 shares by February 15, 2012.
Recent soil and rock sample analyses were conducted at ALS
Chemex in North Vancouver, BC. Samples were initially analyzed for
gold by fire assay followed by inductively coupled plasma-atomic
emission spectroscopy (Au-ICP21) and for 35 other elements by
inductively coupled plasma-atomic emission spectroscopy
(ME-ICP41).
Field work was supervised by Heather Smith, P.Geo., of Archer
Cathro, who is a Qualified Person under the definition of National
Instrument 43-101. Ms. Smith is responsible for all aspects of the
work including the quality control/quality assurance program, which
includes the use of international and in-house standards. Peter
Thiersch, M.Sc., P.Geo., the Qualified Person and Vice President of
Corporate Development for Central Resources, has reviewed and
approved the technical disclosure made in this press release.
About Central Resources
Central Resources Corp. is a junior mineral exploration company
created to leverage the extensive knowledge and experience of a
dedicated group of financial and resource industry professionals.
The Company has acquired options on several highly prospective
mineral properties in the White Gold District of central Yukon, and
continues to seek additional opportunities to build shareholder
value.
This news release contains forward-looking information, which
involves known and unknown risks, uncertainties and other factors
that may cause actual events to differ materially from current
expectation. Important factors - including the availability of
funds, the results of financing efforts, the results of exploration
activities - that could cause actual results to differ materially
from the Company's expectations are disclosed in the Company's
documents filed from time to time on SEDAR (see www.sedar.com).
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The company disclaims any intention or obligation,
except to the extent required by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Central Resources Corp. Paul Reynolds President and
CEO 604-630-3731 info@centralres.ca www.centralres.ca Central
Resources Corp. Tim McNulty CFO 604-630-3734 info@centralres.ca
www.centralres.ca
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