Central Resources Reports Geochemical Results from the Selwyn Creek Project ("O" Claims) White Gold District, Yukon
24 Gennaio 2011 - 3:00PM
Marketwired
Central Resources Corp. (TSX VENTURE: CBC) ("Central" or the
"Company") is pleased to report results from its 2010 sampling
program on the O claim block of the Company's Selwyn Creek project,
located in the Dawson Range area of the White Gold district, Yukon.
Complete results from the central L block and the outlying M and N
blocks were previously reported on September 21, October 13, 2010
and January 21, 2011. Additional results from the peripheral J and
K blocks will be reported in a subsequent release.
"We are very pleased with the results of the Company's first
sampling program on the O block," said Paul Reynolds, President and
CEO of Central Resources. "Soil sampling returned up to 291 ppb Au
and 587 ppm As while current and historic rock sampling returned
values of 2.48 g/t Au, 5.0 g/t Au and 6.55 g/t Au."
A total of 340 contour soil samples were collected from the O
block in 2010, on 100m stations along a variable line spacing of
200-400 meters, over roughly 80% of the property. These samples
returned several strongly anomalous results in gold and arsenic (up
to 291 ppb Au and 587 ppm As), and several moderately anomalous
results in silver and lead (up to 6 ppm Ag and 587 ppm Pb). Of the
340 samples collected in 2010, gold values varied from detection
limit to 291 ppb, with one sample over 100 ppb, 13 samples over 20
ppb and 48 samples over 10 ppb.
These values occurred as scattered single and multi-point
anomalies clustered in two separate areas of the property (north
and south), coincident with recessive quartz vein subcrop observed
along ridge tops. The veins were seen to contain variable
pyrite-arsenopyrite-galena mineralization and six rock grab
samples, collected in 2010, ran as high as 2.48 g/t gold, 60.8 g/t
silver, 1390 ppm arsenic and 9630 ppm lead. Similarly, historic
(1981) grab samples collected in these same areas ran as high 5.0
and 6.55 g/t gold, 1936 g/t silver and 65.1% lead.
The Company is highly encouraged by these results and has
recently increased the size of the O claims by staking an
additional 16 claims. Central plans to conduct detailed prospecting
and grid sampling on the property in 2011, to better define the
existing anomalies and 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 Central Resources Corp. Tim
McNulty CFO 604-630-3734 info@centralres.ca www.centralres.ca
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