Canadian Orebodies Incorporation

Published : September 20th, 2012

Confirms Presence of Magnetite and Increases Land Position on Belcher Islands

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Equity Markets | Iron | Monaco |
=======================================================================
Re:   Company News - Thursday, September 20, 2012
      Canadian Orebodies Confirms Presence of Magnetite and Increases
      Land Position on Belcher Islands
=======================================================================

TORONTO, September 20, 2012 -- Canadian Orebodies Inc. (TSXV: CO)
("Canadian Orebodies" or the "Company") is pleased to announce that
drilling on the Belcher Islands Iron Project is continuing to
successfully expand the extent of iron formation. Highlights include:
.. Confirmation of magnetite trend on Haig West;
.. Acquired three highly prospective targets, increasing Company's land
position by 57%;
.. Intersected iron mineralization 17 kilometers north of Haig Inlet
Deposit; and
.. Drilling to upgrade existing Haig South mineral resource category.

A total of 4,269m in 24 drill holes and collection of 1,128 samples
have been completed to date. Drilling has been focused on three new
prospective areas, never previously drill tested, which have all
returned encouraging intercepts within the Kipalu iron formation.

"Canadian Orebodies is thrilled with the progress of this drill program
to date. We have intersected both magnetite and hematite dominant
mineralization over very long strike lengths in two new areas thus
far," said Gordon McKinnon, President and CEO of Canadian Orebodies.
"The success of this program to date combined with the identification
and acquisition of three new target areas reinforces management's
belief that the Belcher Islands could represent a new iron ore district
in Canada."

Drilling is expected to continue well into October on these four areas
with the intent of outlining additional inferred mineral resources.
Samples have been forwarded to SGS Laboratories in Lakefield for
assaying and results are pending. 

Confirmation of Magnetite Trend on Haig West

At Haig West, drilling over a 25 kilometer strike extent has
encountered the west dipping iron formation in 13 drill holes.
Significant widths of iron bearing hematite and magnetite intercepts
were encountered over the entire strike extent. All drill holes at Haig
West were collared to intersect the magnetic anomaly which extends
across the entire strike length. A 4.5 kilometer long outcrop of iron
formation that had never been historically mapped was discovered at the
south end of the strike extent, and the company is currently taking
channel samples. Several drill holes were positioned back from the
outcrop and successfully intersected the iron formation at depth,
suggesting continuity to the zone at surface.

Iron Mineralization Intersected 17 Kilometers North of Haig Inlet
Deposit

Drilling on the Haig North area is comprised of 4 holes at 2 kilometer
step-outs indicating excellent continuity of the east dipping iron
formation. These holes run north along the iron formation on the
north-west side of Flaherty Island, beginning approximately 10
kilometers north of the Haig Inlet Deposit. This confirms the presence
of iron mineralization in another area that had never been drill
tested. 

Step-out Drilling Northeast of Haig Inlet Confirms Continuation of
Mineralization

The drilling at Kihl Bay is comprised of 5 holes targeted to test a
drift covered near-surface anticline. Two of these holes were
successful in fully penetrating the iron formation confirming the
continuation of iron mineralization northeast of the Haig Inlet
Deposit.

Upgrading Existing Haig South Resource

Haig South was tested with a single hole in 2011 which encountered
enriched iron formation within a relatively flat lying, near surface,
3.5 square kilometer zone. Current drilling is targeted to upgrade the
mineral resource in this area from inferred to the indicated category.

Expanding Land Position to Cover Three Highly Prospective Targets

Canadian Orebodies has added three new Inuit Owned Land parcels
totalling 14,527 hectares, increasing the Company's land position on
the Belcher Islands by 57% to 39,903 hectares in total. Based on
historical data and confirmation by ground prospecting, each new area
was selected for having the highest potential to host near surface iron
mineralization that may be amenable to open pit mining.

About Canadian Orebodies Inc.

Canadian Orebodies is a Canadian-based mineral exploration company with
a portfolio of properties in Nunavut and Ontario. Canadian Orebodies'
primary focus is on advancing and developing its Haig Inlet Iron Ore
Project, located on the Belcher Islands in Nunavut. The Haig Inlet Iron
Ore Project is host to an indicated iron ore resource of 230 million
tonnes at 35.17% Fe and an additional inferred resource of 289 million
tonnes at 35.47% Fe. Canadian Orebodies trades on the TSXV under the
symbol "CO".

This press release has been prepared under the supervision of Mr.
George Wahl (P.Geo.), who is an independent consultant to the Company
and a "qualified person" (as such term is defined in National
Instrument 43-101). Mr. Wahl has verified the technical data disclosed
in this press release.

For more information please visit www.canadianorebodies.com or contact:

Gordon McKinnon, President & CEO
Canadian Orebodies Inc.
(705) 268-9000

Jason Monaco (jmonaco@firstcanadiancapital.com)
Jamie Frawley (jfrawley@firstcanadiancapital.com)
Investor Relations
First Canadian Capital Corp.
(416) 742-5600

Forward-Looking Information:

This press release contains certain "forward-looking statements". All
statements, other than statements of historical fact, that address
activities, events or developments that the Company believes, expects
or anticipates will or may occur in the future (including, without
limitation, statements relating to mineral resources, potential
mineralization, exploration results and the Company's plans with
respect to the exploration and development of the Properties) are
forward-looking statements. These forward-looking statements reflect
the current expectations or beliefs of the Company based on information
currently available to the Company. Forward-looking statements are
subject to a number of risks and uncertainties that may cause the
actual results of the Company to differ materially from those discussed
in the forward-looking statements, and even if such actual results are
realized or substantially realized, there can be no assurance that they
will have the expected consequences to, or effects on the Company.
Factors that could cause actual results or events to differ materially
from current expectations include, among other things, changes in
commodity prices, changes in equity markets, failure to establish
mineral resources, changes to regulations affecting the Company's
activities, delays in obtaining or failures to obtain required
regulatory approvals, uncertainties relating to the availability and
costs of financing needed in the future, the uncertainties involved in
interpreting drilling results and other ecological data, and the other
risks involved in the mineral exploration and development industry. Any
forward-looking statement speaks only as of the date on which it is
made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise. Although the Company believes
that the assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on such
statements due to the inherent uncertainty therein.

=======================================================================
Copyright (c) 2012 CANADIAN OREBODIES INC. (CO)  All rights reserved.
For more information visit our website at
http://www.canadianorebodies.com/ or mailto:info@canadianorebodies.com
Message sent on Thu Sep 20, 2012 at 7:15:00 AM Eastern Time
=======================================================================
.
Data and Statistics for these countries : Canada | Monaco | All
Gold and Silver Prices for these countries : Canada | Monaco | All

Canadian Orebodies Incorporation

EXPLORATION STAGE
CODE : CO.V
ISIN : CA13643T1021
CUSIP : 058911
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Canadian Orebodies Inc. is a gold exploration company based in Canada.

Canadian Orebodies Inc. holds various exploration projects in Canada.

Its main exploration properties are FALCON ONTARIO, ZIG ZAG, HAWKINS PROPERTY, MARTISON LAKE and CORAL RAPIDS in Canada.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Canadian Orebodies Incorporation
6/29/2012Closes $3.0M First Tranche of Non-brokered Private Placement
6/19/2012Announces Non-Brokered Private Placement
3/10/2011Announces Completion of C$5.25 Million Private Placement
2/17/2011Announces C$5.25 Million Private Placement
4/18/2008Announces Private Placement
Option Grants of Canadian Orebodies Incorporation
3/31/2008 Announces Grant of Stock Options
Project news of Canadian Orebodies Incorporation
2/22/2011(Zig Zag)Reports Drilling Results from Falcon Property and Completion...
1/10/2013Announces Final 2012 Drill Results At Haig West
9/20/2012Confirms Presence of Magnetite and Increases Land Position o...
6/13/2012Commences Drilling Program on the Belcher Islands
5/15/2012Announces 2012 Exploration Program on the Belcher Islands
7/5/2011(Haig Inlet)Mobilizes Crews for an Aggressive Exploration Program on Its...
6/19/2011(Haig Inlet)Announces Completion of Purchase Agreement of Haig Inlet Iro...
3/20/2011(Zig Zag)Drills Widespread Tantalum Mineralization on Zigzag Property
3/2/2011(Haig Inlet)Stakes Claims Contiguous to Haig Inlet Iron Ore Project
2/22/2011(Falcon Ontario)Reports Drilling Results from Falcon Property and Completion...
2/14/2011(Haig Inlet)to Acquire Up to a 100% Interest in Potential Large Tonnage ...
10/1/2008(Mcfaulds Fancamp) INTERSECTS DISSEMINATED TO NEAR MASSIVE SULPHIDES WITH BASE...
9/24/2008(Mcfaulds Fancamp)MCFAULDS LAKE JOINT VENTURE DRILL PROGRAM
9/19/2008(Coral Rapids)CORAL RAPIDS LIMESTONE DRILL PROGRAM
5/29/2008(Mcfaulds Fancamp)IDENTIFIES SEVERAL HIGH PRIORITY TARGETS AND PROVIDES EXPLOR...
3/10/2008(Coral Rapids)Orebodies Announces Acquisition of Coral Rapids Project, Haw...
1/17/2008(Hawkins Property) Announces Hawkins Update
1/7/2008(Martison Lake) Announces Winter Drill Program for Martison Phosphate Proje...
12/21/2007(Coral Rapids) Announce Coral Property Drill Results
Corporate news of Canadian Orebodies Incorporation
6/15/2016Canadian Orebodies Appoints Michael Leskovec as Director
4/29/2016Canadian Orebodies Sells Greenbush Lithium Property and Acqu...
1/4/2016Canadian Orebodies Announces Recapitalization and Private Pl...
9/28/2015Canadian Orebodies Exploring Non Resource Revenue Generating...
7/24/2015ConnectOne posts 2Q profit
7/9/2015Canadian Orebodies Provides Corporate Update
4/28/2014Canadian Orebodies Gives Notice to Exercise Carlisle Put Rig...
4/15/2014Canadian Orebodies Highlights Infill Drill Results on the Fa...
10/17/2013Consolidates Ownership of ZigZag Property
5/22/2013Announces Adoption of Advance Notice By-Law
12/10/2012Drills 85.5m of 28.0% Fe at Kihl Bay including 26.2m of 35.7...
11/12/2012Announces Successful Completion of Summer Drill Program
11/5/2012(Haig Inlet)Exercises Haig Inlet Option to Acquire 100% Interest in Haig...
10/10/2012Drills 55.9m of 28.9% Fe at Haig West including 16.2m of 35....
5/17/2012eResearch Issues Initiating Report on Canadian Orebodies Inc...
4/24/2012Announces Proposed Spin-Out of Non Iron Ore Assets
4/9/2012Engages First Canadian Capital Corp for Investor Relations a...
3/20/2012(Haig Inlet)Files NI 43-101 Technical Report on the Haig Inlet Iron Ore ...
2/6/2012(Haig Inlet)Announces Initial NI 43-101 Iron Resource Estimate for Haig ...
1/5/2012(Haig Inlet)Announces Final Set of Drill Results from Haig Inlet Iron Or...
10/12/2011(Haig Inlet)Announces Successful Completion of Summer Drill Program at H...
9/12/2011(Haig Inlet)Announces First Drill Results From Haig Inlet Iron Ore Proje...
8/29/2011(Haig Inlet)Provides Update On The Haig Inlet Iron Ore Drill Program
6/28/2011Provides Update to Annual General and Special Meeting Matter...
4/13/2011Obtains Approval of Disinterested Shareholders
7/9/2008ANNOUNCES PROPOSED PURCHASE OF 80% INTEREST OF 96 CLAIM UNIT...
5/1/2008ANNOUNCES OPTION TO ACQUIRE 60% INTEREST IN 603 CLAIM UNITS ...
3/14/2008Orebodies Announces Listing Date of March 17, 2008
3/11/2008 Announces the Acquisition of Common Shares and Option of Ca...
3/10/2008 Requests Trading Halt
2/1/2008 and PhosCan Chemical Finalize Arrangement Agreement; Shareh...
12/11/2007Temex, Noront and Baltic Expand Property Position Via Stakin...
11/30/2007 ANNOUNCES SPECIAL MEETING OF SHAREHOLDERS TO APPROVE MERGER
11/6/2007Test Results for Martison Phosphate Project
10/29/2007Agree to merge on the Martison Phosphate Project
7/27/2007Options Coral Rapids
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (CO.V)
0.015+0.00%
TSX-V
CA$ 0.015
11/27 15:51 -
0%
Prev close Open
0.015 0.015
Low High
0.015 0.015
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.015 -25.00%
Volume 1 month var.
320,000 -25.00%
24hGold TrendPower© : -2
Produces
Develops
Explores for Lithium - Tantalum
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.82+1.69%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.04+1.38%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.53%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.52+6.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.05+2.62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.90+1.60%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.43-0.46%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :