Fjordland Exploration Inc.
NEWS RELEASE
Fjordland and Serengeti Identify Six Priority IP Targets for Follow-Up on their QUEST, BC Project
Vancouver, BC, September 24, 2008 ? Fjordland Exploration Inc. (TSX-V: FEX) and its 50%-50% joint venture partner, Serengeti Resources Inc. (TSX-V: SIR), report that they have selected six priority target properties (Q, ST, MP, Copper, Ping and Mil) from their recently completed 110-line kilometer reconnaissance induced polarization (IP) surveys under their QUEST project for follow-up work. The IP surveys were conducted over nine selected target properties, based on a thorough review of the results of airborne magnetic surveys completed by the Joint Venture during 2007-2008 and of airborne electromagnetic and gravity surveys completed by Geoscience BC during 2007. The target properties lie within the QUEST JV project, that currently comprise 27 copper-gold properties totaling 144,000 hectares, lying between Quesnel and Fort St. James.
Tom Schroeter, President & CEO of Fjordland, comments "We are very pleased to have identified six high-quality induced polarization anomalies with chargeability highs indicating the possible presence of sulphides on these six properties within our QUEST project area. Our systematic approach to exploring this vastly under-explored portion of the Quesnel Trough is moving us one step closer to selecting drill targets to test for buried porphyry copper-gold deposits. The significant mine expansions at Taseko Mines' Gibraltar mine, the record production and continued good exploration success at Imperial Metals' Mount Polley mine, the proposed mine development plans for Terrane Metals' Mt. Milligan deposit, and Serengeti's pending resource calculation for its Kwanika copper-gold deposit, provide encouragement for other explorers like us in the region."
T.G. Schroeter, P.Eng./P.Geo, who is the qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.
About Fjordland Exploration Inc.
Fjordland Exploration Inc. is a mineral exploration company focused on the discovery of gold, copper and molybdenum deposits in British Columbia. Fjordland holds a 60% interest in the 48,000-hectare Woodjam copper-gold-molybdenum property in south-central British Columbia, and is operator of the project; Cariboo Rose Resources Ltd. holds the remaining 40% interest. Fjordland is also a partner in a 50%-50% joint venture with Serengeti Resources Inc. on the QUEST project to explore 27 properties totalling approximately 144,000 hectares in the heart of British Columbia's Quesnel Terrane for precious and base metals. Shares of Fjordland Exploration Inc. trade on the TSX Venture Exchange under the symbol "FEX". For further information visit the Company's website at www.fjordlandex.com.
Tom Schroeter
President
Contact:
John Gomez
Manager, Investor Relations
Tel. 604-893-8365
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Fjordland in the News:
The Quesnel Trough was recently featured in an article, "Best Bets: Seeking Feed From the Trough"
by Vivian Danielson - Mining and Markets, September 2008
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Fjordland Exploration Inc
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EXPLORATEUR |
CODE : FEX.V |
ISIN : CA33833E1034 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Fjordland Expl. est une société d’exploration minière d'argent et d'or basée au Canada. Fjordland Expl. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont ASHBY, WOODJAM, QUEST JV, QUEST et BC PROPERTIES au Canada. Fjordland Expl. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,1 millions CA$ (1,7 millions US$, 1,5 millions €). La valeur de son action a atteint son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$, et son plus haut niveau récent le 15 septembre 2017 à 0,59 CA$. Fjordland Expl. possède 103 780 000 actions en circulation. |