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Ein wirklich kleiner Explorer aus Kanada, mit wirklich klasse News vom 06.07.04.
Fjordland Drilling Discovers Significant
Gold-Copper at Woodjam Project, BC
Intersects 275 Metres Grading 1.03 g/t Gold and 0.14% Copper
Vancouver, BC, July 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° 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.
bei diesen ergebnissen ist die bewertung mit nicht einmal 10Mio CAN$ ein witz!
Capitalization at July 1, 2004
Shares Authorized: 100,000,000
Shares Issued: 28,755,484
Share Purchase Warrants Issued: 2,575,000
Stock Options Granted: 2,357,500
Fully Diluted: 33,687,984
Um mit einen Zitat zu schliessen...
Wie wahrscheinlich ist es, mit dem ersten Loch die höchste Mineralisierung zu treffen?
mfG
HiFi
Fjordland Drilling Discovers Significant
Gold-Copper at Woodjam Project, BC
Intersects 275 Metres Grading 1.03 g/t Gold and 0.14% Copper
Vancouver, BC, July 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° 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.
bei diesen ergebnissen ist die bewertung mit nicht einmal 10Mio CAN$ ein witz!
Capitalization at July 1, 2004
Shares Authorized: 100,000,000
Shares Issued: 28,755,484
Share Purchase Warrants Issued: 2,575,000
Stock Options Granted: 2,357,500
Fully Diluted: 33,687,984
Um mit einen Zitat zu schliessen...
Wie wahrscheinlich ist es, mit dem ersten Loch die höchste Mineralisierung zu treffen?
mfG
HiFi
ein auszug aus einer news vom 04.06.04 zum gleichen projekt:
[...]
Areas currently selected for testing include a new copper discovery located 800 metres east of the Megabuck Zone, discovered during Fjordland`s 2003 reconnaissance drill program with an intersection of 0.90% copper over 15.4 metres. Drilling is also planned for the Takom Zone, located 1.5 kilometres south of the Megabuck Zone, where mineralized outcrop was recently located by a Company geologist. A drill hole completed in the Takom area in 1974 intersected 1.27 g/t gold and 0.13% copper over a 10.6 metre intercept in feldspar porphyry similar in character to the Megabuck zone. No drilling has occurred in the Takom area since 1974.
[...]
klingt doch nett, oder?
mfG
HiFi
[...]
Areas currently selected for testing include a new copper discovery located 800 metres east of the Megabuck Zone, discovered during Fjordland`s 2003 reconnaissance drill program with an intersection of 0.90% copper over 15.4 metres. Drilling is also planned for the Takom Zone, located 1.5 kilometres south of the Megabuck Zone, where mineralized outcrop was recently located by a Company geologist. A drill hole completed in the Takom area in 1974 intersected 1.27 g/t gold and 0.13% copper over a 10.6 metre intercept in feldspar porphyry similar in character to the Megabuck zone. No drilling has occurred in the Takom area since 1974.
[...]
klingt doch nett, oder?
mfG
HiFi
Following is a selection of drill holes from Woodjam that illustrates the porphyry-type nature of the property`s mineralization.
Hole---From–To---m)Intercept (m)--- Gold (g/t) Copper %
74-1----1.1-100.6----99.5------------1.15------0.11
74-02---4.7-175.3---170.5-----------0.71-------0.08
83-04---3.6-152.4---148.8-----------0.89-------0.12
99-20---2.4-172.0---169.6-----------0.67-------0.11
http://www.fjordlandex.com/Research/Taylor2004.htm
HiFi
Hole---From–To---m)Intercept (m)--- Gold (g/t) Copper %
74-1----1.1-100.6----99.5------------1.15------0.11
74-02---4.7-175.3---170.5-----------0.71-------0.08
83-04---3.6-152.4---148.8-----------0.89-------0.12
99-20---2.4-172.0---169.6-----------0.67-------0.11
http://www.fjordlandex.com/Research/Taylor2004.htm
HiFi
Gn8!
Übernimmt Berlin morgen die Prozente von OTC? 
Trading Spotlight
@quantal
lass dich von der otc nicht irritieren...kanada zählt.
nu aber...
mfG
HiFi
lass dich von der otc nicht irritieren...kanada zählt.
nu aber...
mfG
HiFi
Hey, Berlin plus 125% !!!! Isscha wahnsinn... ;-)
Super Infos!!!!
Super Infos!!!!
Ob es nun schon zu spät ist? hm.
Die Bohrtiefe scheint wohl kein Problem zu sein.
Hab zwei Explorer in meiner Watchlist, die sind nicht so gut gelaufen.....
Na ja, bin zur Zeit aber eh erstmal bei VDN.
IBM ist unten, erhoffe mir da auch einen kleinen Schwung.
Die Bohrtiefe scheint wohl kein Problem zu sein.
Hab zwei Explorer in meiner Watchlist, die sind nicht so gut gelaufen.....
Na ja, bin zur Zeit aber eh erstmal bei VDN.
IBM ist unten, erhoffe mir da auch einen kleinen Schwung.
zu spät?bei der bewertung sicher nicht...heute ziemlich heftiges volumen.
HiFi
HiFi
Symbol: FEX - TSX Venture Exchange
NEWS RELEASE
Fjordland Receives Investment from Imperial Metals Corporation
Vancouver, BC, July 19, 2004 ─ Fjordland Exploration Inc. (TSX-V: FEX) announces a $500,000 non-brokered private placement with Imperial Metals Corporation (TSX: III) consisting of:
1,000,000 flow-through common shares at a price of $0.40 per share;
250,000 non flow-through common share at a price of $0.40 per share;
1,458, 000 Series A warrants, each A-warrant is exercisable for one common share for two years at a price of $0.50 per share. A total of 1,167,000 of the A-warrants will be flow-through; and
1,458,000 Series B warrants, each B-warrant is evercisable for one common share for two years at a price of $0.60 per share. A total of 1,167,000 of the B-warrants will be flow-through.
Fjordland may accelerate the expiry date of the A-warrants during the second year of the warrant term if its common shares trade above $1.00 for 20 consecutive trading days. Fjordland may accelerate the expiry date of the B-warrants during the second year of the warrant term if its common shares trade above $1.20 for 20 consecutive trading days. This private placement is subject to TSX Venture Exchange approval.
Imperial Metals will retain a right of first refusal to participate in future financings for one year following the closing of this private placement.
Proceeds from the investment will be primarily used to fund drilling at the Woodjam gold-copper project in central British Columbia, to follow-up the significant gold-copper discovery of hole 04-32, which 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 (see July 6, 2004 news release) and for general corporate purposes.
Commented Victor Tanaka, President of Fjordland Exploration, "Following our discovery announcement, we received strong interest from several investment groups regarding participation in our next financing. Although we are highly appreciative of the investment community`s interest, we believe a strategic investor would best maximize shareholder value. Given Imperial Metals` expertise in British Columbia exploration and mining operations, they are an ideal strategic investor to advance our Woodjam project."
Said Imperial Metals` President, Brian Kynoch: "Fjordland’s recent exploration success has established clear potential for the discovery of a significant gold-copper orebody at Woodjam, located 35 kilometres south of Imperial Metals` Mount Polley mine. This investment will set the stage for close collaboration by Imperial Metals with Fjordland and Wildrose as the Woodjam discovery unfolds."
Fjordland, Wildrose Resources Ltd. (TSX-V: WRS) and Imperial Metals will form an advisory committee to guide exploration and development at the Woodjam project. Fjordland is earning a 60% interest in Woodjam from Wildrose.
Imperial Metals is a British Columbia based mining company whose core strengths are mineral exploration and mine development/operations. On July 8, 2004, Imperial Metals announced plans to restart commercial production at their Mount Polley property upon receipt of permits. Further information about Imperial Metals is available at www.imperialmetals.com.
Fjordland Exploration 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 many of its properties in 2004. For further information visit www.fjordlandex.com.
Victor A. Tanaka
President
Contact:
John Gomez, Investor Relations
Fjordland Exploration Inc.
Tel: (604) 893-8365
Fax: (604) 669-8336
Email: jgomez@fjordlandex.com
NEWS RELEASE
Fjordland Receives Investment from Imperial Metals Corporation
Vancouver, BC, July 19, 2004 ─ Fjordland Exploration Inc. (TSX-V: FEX) announces a $500,000 non-brokered private placement with Imperial Metals Corporation (TSX: III) consisting of:
1,000,000 flow-through common shares at a price of $0.40 per share;
250,000 non flow-through common share at a price of $0.40 per share;
1,458, 000 Series A warrants, each A-warrant is exercisable for one common share for two years at a price of $0.50 per share. A total of 1,167,000 of the A-warrants will be flow-through; and
1,458,000 Series B warrants, each B-warrant is evercisable for one common share for two years at a price of $0.60 per share. A total of 1,167,000 of the B-warrants will be flow-through.
Fjordland may accelerate the expiry date of the A-warrants during the second year of the warrant term if its common shares trade above $1.00 for 20 consecutive trading days. Fjordland may accelerate the expiry date of the B-warrants during the second year of the warrant term if its common shares trade above $1.20 for 20 consecutive trading days. This private placement is subject to TSX Venture Exchange approval.
Imperial Metals will retain a right of first refusal to participate in future financings for one year following the closing of this private placement.
Proceeds from the investment will be primarily used to fund drilling at the Woodjam gold-copper project in central British Columbia, to follow-up the significant gold-copper discovery of hole 04-32, which 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 (see July 6, 2004 news release) and for general corporate purposes.
Commented Victor Tanaka, President of Fjordland Exploration, "Following our discovery announcement, we received strong interest from several investment groups regarding participation in our next financing. Although we are highly appreciative of the investment community`s interest, we believe a strategic investor would best maximize shareholder value. Given Imperial Metals` expertise in British Columbia exploration and mining operations, they are an ideal strategic investor to advance our Woodjam project."
Said Imperial Metals` President, Brian Kynoch: "Fjordland’s recent exploration success has established clear potential for the discovery of a significant gold-copper orebody at Woodjam, located 35 kilometres south of Imperial Metals` Mount Polley mine. This investment will set the stage for close collaboration by Imperial Metals with Fjordland and Wildrose as the Woodjam discovery unfolds."
Fjordland, Wildrose Resources Ltd. (TSX-V: WRS) and Imperial Metals will form an advisory committee to guide exploration and development at the Woodjam project. Fjordland is earning a 60% interest in Woodjam from Wildrose.
Imperial Metals is a British Columbia based mining company whose core strengths are mineral exploration and mine development/operations. On July 8, 2004, Imperial Metals announced plans to restart commercial production at their Mount Polley property upon receipt of permits. Further information about Imperial Metals is available at www.imperialmetals.com.
Fjordland Exploration 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 many of its properties in 2004. For further information visit www.fjordlandex.com.
Victor A. Tanaka
President
Contact:
John Gomez, Investor Relations
Fjordland Exploration Inc.
Tel: (604) 893-8365
Fax: (604) 669-8336
Email: jgomez@fjordlandex.com
Investor Advisory
July 16, 2004
Haywood Securities Initiates Coverage on Fjordland
Haywood Securities Inc.`s mining and exploration analysts, Jim Mustard and Andrew Kaip, recently commented in a report to clients, on Fjordland Exploration`s discovery hole (04-32) at the Woodjam gold-copper porphyry project which intersected 361 metres grading 0.84 g/t gold and 0.14% copper.
Following are select excerpts from Haywood Securities "X-Report" of July 14, 2004.
"This is a significant drill intercept by any standards, but what makes it even more significant is the geological context of the style of mineralization on the Woodjam project.... The targeting of this deep hole by Fjordland was predicated on the recent success at Mount Polley where exploration has defined higher-grade copper-gold porphyry mineralization beneath existing zones. A review of mineralized core in Hole 32 indicates that mineralization is hosted within similar style mineralization as zones previously mined at Mount Polley, further supporting Fjordland`s belief that higher-grade mineralization on the Woodjam lies at depth."
"The Company plans to resume exploration in August and has left the casing in Hole 32 so that it can re-enter the hole to resume drilling.... With drilling to resume in August, Fjordland and Wildrose have discovered significant new size and grade potential at Woodjam ... to build on these initial results. We will be monitoring this new discovery closely as drilling progresses and will ensure timely updates on the significance of future drill results."
Information about Haywood Securities and the Haywood Mining Group is available at www.haywood.com.
John Gomez, Investor Relations
Fjordland Exploration Inc.
Tel: (604) 893-8365
Fax: (604) 669-8336
jgomez@fjordlandex.com
www.fjordlandex.com
July 16, 2004
Haywood Securities Initiates Coverage on Fjordland
Haywood Securities Inc.`s mining and exploration analysts, Jim Mustard and Andrew Kaip, recently commented in a report to clients, on Fjordland Exploration`s discovery hole (04-32) at the Woodjam gold-copper porphyry project which intersected 361 metres grading 0.84 g/t gold and 0.14% copper.
Following are select excerpts from Haywood Securities "X-Report" of July 14, 2004.
"This is a significant drill intercept by any standards, but what makes it even more significant is the geological context of the style of mineralization on the Woodjam project.... The targeting of this deep hole by Fjordland was predicated on the recent success at Mount Polley where exploration has defined higher-grade copper-gold porphyry mineralization beneath existing zones. A review of mineralized core in Hole 32 indicates that mineralization is hosted within similar style mineralization as zones previously mined at Mount Polley, further supporting Fjordland`s belief that higher-grade mineralization on the Woodjam lies at depth."
"The Company plans to resume exploration in August and has left the casing in Hole 32 so that it can re-enter the hole to resume drilling.... With drilling to resume in August, Fjordland and Wildrose have discovered significant new size and grade potential at Woodjam ... to build on these initial results. We will be monitoring this new discovery closely as drilling progresses and will ensure timely updates on the significance of future drill results."
Information about Haywood Securities and the Haywood Mining Group is available at www.haywood.com.
John Gomez, Investor Relations
Fjordland Exploration Inc.
Tel: (604) 893-8365
Fax: (604) 669-8336
jgomez@fjordlandex.com
www.fjordlandex.com
Fjordland President Discusses Woodjam Gold-Copper Discovery on Canada`s Business Report
Fjordland Exploration Inc. (TSX-V: FEX) President Vic Tanaka has been interviewed on Canada`s Business Report. Mr. Tanaka and host Robert Graham discuss the Company`s "Hail Mary" discovery hole and upcoming drilling plans.
The interview, which was conducted on July 19, 2004, may be accessed at http://webcast.newswire.ca/archive/cbr/cip20040719.asf
John Gomez, Investor Relations
Fjordland Exploration Inc.
Tel: (604) 893-8365
Fax: (604) 669-8336
jgomez@fjordlandex.com
www.fjordlandex.com
HiFi
Fjordland Exploration Inc. (TSX-V: FEX) President Vic Tanaka has been interviewed on Canada`s Business Report. Mr. Tanaka and host Robert Graham discuss the Company`s "Hail Mary" discovery hole and upcoming drilling plans.
The interview, which was conducted on July 19, 2004, may be accessed at http://webcast.newswire.ca/archive/cbr/cip20040719.asf
John Gomez, Investor Relations
Fjordland Exploration Inc.
Tel: (604) 893-8365
Fax: (604) 669-8336
jgomez@fjordlandex.com
www.fjordlandex.com
HiFi
NEWS RELEASE
Fjordland to Resume Drilling at Woodjam Project, BC to Expand Gold-Copper Discovery
Vancouver, BC, August 3, 2004 ─ Fjordland Exploration Inc. (TSX-V: FEX) reports that drilling will resume shortly at the Woodjam gold-copper project in central British Columbia with a drill rig being mobilized to the Property August 7th. The upcoming program will follow-up Fjordland`s significant gold-copper discovery hole 04-32, which intersected 361.2 metres (1,184 feet) 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 (see news release dated July 6, 2004).
The drill program will consist of 8 to 12 holes totaling approximately 3,500 metres (11,500 feet) of diamond drilling focused on expanding gold and copper mineralization in the Megabuck Zone laterally and at depth. Additionally, hole 04-32, which ended in mineralization, will be deepened.
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` Mount Polley Mine, located 35 kilometres northwest of Woodjam.
The Woodjam Property is subject to an option agreement between Fjordland and Wildrose Resources Ltd. (TSX-V: WRS) whereby Fjordland may earn a 60% interest in Woodjam by funding exploration totaling $1,500,000 by October 2006 and making a schedule of cash and share payments to Wildrose (see news release dated October 31, 2003). To date, the Company has expended approximately $300,000 in exploration.
The upcoming program is being funded from an investment by Imperial Metals Corporation (TSX: III) further to a financing agreement announced July 19, 2004.
Fjordland Exploration 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 4,550 hectare 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 many of its properties in 2004. For further information visit www.fjordlandex.com.
Victor A. Tanaka
President
Contact:
John Gomez, Investor Relations
Fjordland Exploration Inc.
Tel: (604) 893-8365
Fax: (604) 669-8336
Email: jgomez@fjordlandex.com
Fjordland to Resume Drilling at Woodjam Project, BC to Expand Gold-Copper Discovery
Vancouver, BC, August 3, 2004 ─ Fjordland Exploration Inc. (TSX-V: FEX) reports that drilling will resume shortly at the Woodjam gold-copper project in central British Columbia with a drill rig being mobilized to the Property August 7th. The upcoming program will follow-up Fjordland`s significant gold-copper discovery hole 04-32, which intersected 361.2 metres (1,184 feet) 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 (see news release dated July 6, 2004).
The drill program will consist of 8 to 12 holes totaling approximately 3,500 metres (11,500 feet) of diamond drilling focused on expanding gold and copper mineralization in the Megabuck Zone laterally and at depth. Additionally, hole 04-32, which ended in mineralization, will be deepened.
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` Mount Polley Mine, located 35 kilometres northwest of Woodjam.
The Woodjam Property is subject to an option agreement between Fjordland and Wildrose Resources Ltd. (TSX-V: WRS) whereby Fjordland may earn a 60% interest in Woodjam by funding exploration totaling $1,500,000 by October 2006 and making a schedule of cash and share payments to Wildrose (see news release dated October 31, 2003). To date, the Company has expended approximately $300,000 in exploration.
The upcoming program is being funded from an investment by Imperial Metals Corporation (TSX: III) further to a financing agreement announced July 19, 2004.
Fjordland Exploration 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 4,550 hectare 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 many of its properties in 2004. For further information visit www.fjordlandex.com.
Victor A. Tanaka
President
Contact:
John Gomez, Investor Relations
Fjordland Exploration Inc.
Tel: (604) 893-8365
Fax: (604) 669-8336
Email: jgomez@fjordlandex.com
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