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Fjordland Exploration Inc

Publié le 28 février 2012

Provides Updates on British Columbia Projects

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Mots clés associés :   Canada | Capstone | Copper | K Street | Kootenay Gold |

Fjordland Exploration Inc.

1111 Melville Street, Suite 1100

Vancouver, British Columbia

Canada V6E 3V6  

www.fjordlandex.com

 

NEWS RELEASE

 

Fjordland Provides Updates on British Columbia Projects

 

Drilling Planned on Multiple Projects in 2012

 

Vancouver, BC, February 28, 2012 ? Fjordland Exploration Inc. (TSX-V: FEX) is pleased to provide updates on its numerous projects in British Columbia.  The Company has interests in a total of 25 copper-gold properties in some of BC?s most prolific mining camps. Its strategic land position in the Quesnel Terrane porphyry belt has attracted joint ventures with some of the world?s leading mining companies that are funding exploration on several properties. To date, drilling programs are tentatively planned on 8 properties during 2012.

 

Tak-Milligan (51% Fjordland/49% Capstone Mining Corp. [TSX: CS]:

 

As reported in a news release dated February 9, 2012, Capstone has approved a budget and work program for the Phase 4, 2012 exploration program for the Tak Project, part of the Tak-Milligan Property Option. The claims are located approximately 50 kilometres (km) east of Williams Lake, immediately south of the developing Woodjam Copper-Gold-Molybdenum Porphyry Camp. Early work will include further reconnaissance and in-fill induced polarization (IP) surveys and follow-up drilling on selected targets, particularly on the Moffat and Tisdall properties.

 

QUEST (37% Fjordland/63% Serengeti Resources Inc.) [TSX-V: SIR]:

 

As reported in a news release dated September 21, 2011, Fjordland and Serengeti entered into an Option Agreement with Xstrata Copper Canada to explore six properties (Rob, Ping, Reid Lake, ST, PG and MP), totaling 27,690 hectares, located in the Quesnel Trough porphyry copper-gold belt between the Mt. Milligan copper-gold deposits to south of Prince George in central BC. These properties are part of the original Joint Venture between FEX and SIR; all are considered prospective for hosting porphyry copper-gold deposits and several have drill targets identified as a result of exploration by FEX and SIR of $1.7 million between 2007 and 2011. Xstrata Copper has several properties in the region and is conducting a large exploration program, including drilling, principally on geophysical and/or geochemical targets in overburden-covered areas. Work during late 2011 and early 2012 by Xstrata under the Option Agreement was focused on defining drill targets for this spring. Under the original QUEST JV between FEX and SIR, seven original properties totaling 22,480 ha remain in the package.

 

Dillard (Option to Earn a 100% Interest):

 

As reported in a news release dated August 31, 2011, Fjordland signed a Letter Agreement with private vendors for the 2,192-hectare, road-accessible Dillard Property, located in southern BC, 35 km north of Princeton, where Copper Mountain Mining Corp. recently put the Copper Mountain (Similco) copper-gold-silver mine back into production. The Dillard Property has been recently extensively logged, resulting in the exposure of numerous new copper showings. Additional prospecting during the fall led to the identification of new zones of copper mineralization. The assay results from samples collected during these activities will be incorporated into a major compilation of previous geological, geochemical and geophysical work completed on the Property by several operators. There has been no drilling on the Property; however, preliminary indications are that drill targets should be identified early in 2012; drilling could take place later in the year.

 

Dill (Option to Earn a 100% Interest from Almaden Minerals Ltd.) [TSX: AMM]:

 

As reported in a news release dated February 7, 2012, Fjordland signed an Option Agreement with Almaden Minerals to acquire a 100% interest in the 400-hectare Dill Property, which adjoins Fjordland?s Dillard Property to the east. Previous drilling on this porphyry copper-gold target by various operators between the 1960s and 1992 resulted in several long intercepts of copper mineralization which were never followed up. The Company believes that a thorough compilation of previous geological, geochemical and geophysical surveys, combined with previous drilling results, will provide an excellent base for conducting follow-up, detailed surveys. Drilling is anticipated later in 2012.

 

Iron Range (100% Ownership):

 

In December, 2010, the Company staked 8 properties totaling 60,047 ha in the Iron Range area of southeastern BC. All but two of the properties (St. Mary and Bootleg), totaling 17,657 ha, were allowed to lapse in December, 2011.

 

Kimberley Gold Trend (Option to Earn a 60% interest with Kootenay Gold Inc.) [TSX-V: KTN]:

 

After conducting exploration programs totaling in excess of $700,000 on all seven of the properties that comprised the Option Agreement with Kootenay Gold Inc. in the Kimberley Gold Trend in southeastern BC, the Company decided to terminate the Option Agreement and focus on its other properties.

 

Tom Schroeter, President of Fjordland commented: ?We have built up our land packages in some of the most productive areas in BC and have leveraged our resources with option agreements with other parties, as well as acquiring additional ground ourselves.  We look forward to a very active exploration season during 2012, including drilling on 8 properties.?

 

About Fjordland Exploration Inc.

 

Fjordland Exploration is a mineral exploration company focused on the discovery of gold, copper and molybdenum deposits in British Columbia.  Fjordland currently has a portfolio with 25 properties.  It has a 51% interest in 7 properties known as ?Tak? totaling 55,654 ha in the Woodjam area of central BC.  Fjordland has a 51% interest in two properties known as ?Milligan? totaling 2,192 ha, adjoining Thompson Creek Metals Company Inc.?s (NYSE: TC and TSX: TCM) Mt. Milligan copper-gold deposits on the west. Capstone Mining Corp. (TSX: CS) owns a 49% interest in the combined Tak-Milligan Project.  Fjordland and Serengeti Resources Inc. (TSX-V: SIR) are 37%/63% partners exploring 13 properties (QUEST Project) totaling 50,170 ha in the Quesnel Terrane north of Woodjam for precious and base metals.  Six of the QUEST properties (totaling 27,690 ha) have been optioned to Xstrata Copper; the QUEST JV owns 100% of the remaining 7 properties totaling 22,480 ha.  Fjordland has a 100% interest in 2 properties totaling 17,657 ha in the Iron Range area in southeastern BC.  Fjordland has an option to acquire a 100% interest in the adjoining Dillard and Dill copper and gold properties, north of Princeton.  Fjordland?s shares trade on the TSX Venture Exchange under the symbol ?FEX?. For further information visit Fjordland?s website at www.fjordlandex.com.

 

T.G. Schroeter, P.Eng./P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.

 

Tom Schroeter

President & CEO

 

Contact:          

 

John Gomez

Manager, Investor Relations

Tel. 604-893-8365

 

Neither TSX Venture Exchange nor its Regulation Services providers (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Fjordland Exploration Inc

EXPLORATEUR
CODE : FEX.V
ISIN : CA33833E1034
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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 2,6 millions CA$ (2,1 millions US$, 1,8 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.

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Financements de Fjordland Exploration Inc
14/12/2011to Complete Flow-Through Private Placement
15/09/2011Closes Final Tranche of Financing
06/07/2011to Raise up to $1.5 Million in Private Placement Financing
16/08/2010Closes Private Placement with Gold Fields
19/02/2009reases Flow-Through Private Placement
04/02/2009to Complete Flow-Through Private Placement
23/05/2008to Raise up to $1 Million in Private Placement Financing
03/07/2006completes private placement
01/06/2006closes first tranche of private placement
Projets de Fjordland Exploration Inc
11/09/2012(Tak-milligan)Regains 100% Interest in the Tak-Milligan Copper-Gold-Molybd...
28/02/2012Provides Updates on British Columbia Projects
09/02/2012and Capstone Plan Aggressive Exploration Program on Tak Copp...
07/02/2012Options Copper-Gold Property in Southern BC
29/06/2011(Woodjam)and Cariboo Rose to Spin-Off Woodjam Copper-Gold-Molybdenum ...
16/06/2011(Woodjam).: Drilling at Woodjam South (Southeast Zone) Yields 349.3 m...
07/06/2011(Woodjam)Woodjam Joint Venture and Gold Fields Add Ground to Woodjam ...
02/06/2011(Tak-milligan)Commences Reconnaissance Induced Polarization Surveys on Tak...
20/05/2011(Woodjam)Drilling at Woodjam South Yields 349.9 m Grading 0.33% Coppe...
12/05/2011(Woodjam)Drilling at Woodjam North Intersects 160.3 m Grading 1.03g/t...
25/03/2011(Woodjam).-Woodjam North: Deerhorn Zone Drill Hole Intersects 151.5 m...
02/03/2011(Woodjam)Gold Fields Plans Major Drilling Programs at Woodjam Gold-Co...
06/07/2010(Woodjam)Gold Fields Completes Due Diligence on Woodjam South Propert...
26/05/2010(Woodjam)Gold Fields Granted Option on Woodjam South Copper-Gold Prop...
21/04/2010(Woodjam)Drilling at Woodjam North Intersects 61.9 m Grading 0.82 g/t...
10/02/2010(Woodjam)Gold Fields Resumes Drilling at Woodjam North, B.C.
23/09/2009(Woodjam)Gold Fields Initiates $3 Million Program at Woodjam North Go...
17/09/2009(Woodjam)Acquires Moffat Property, South of Woodjam Gold-Copper Proje...
20/01/2009(Woodjam)to Present Woodjam Gold-Copper Project at Mineral Exploratio...
06/01/2009(Woodjam)Drilling at Woodjam Returns 0.69% Copper and 0.27 g/t Gold o...
01/10/2008(Woodjam)New Mineralized Zone Discovered by Drilling at the Woodjam, ...
03/09/2008(Woodjam) Phase 2 Drilling Completed at Southeast Zone Discovery of W...
23/07/2008(Woodjam)Second Drill Rig Added To Woodjam Copper-Gold-Molybdenum Pro...
26/06/2008(Woodjam)Re-Analysis Upgrades Drill Results to 402 Metres of 0.44% Co...
21/05/2008(Woodjam) Drilling Intersects 571 Metres (1,873 feet) of 0.35% Copper...
31/03/2008(Quest Jv)Expand QUEST Project and Complete Additional Airborne Survey...
13/03/2008(Woodjam)Commences Drilling at Woodjam
26/02/2008(Woodjam) and Cariboo Rose Add Ground to WOODJAM Copper, Gold, Molybd...
03/05/2006(Woodjam)and Wildrose expand gold-copper zone at Woodjam project
Communiqués de Presse de Fjordland Exploration Inc
20/06/2016Fjordland Announces Appointment of Kolebaba as Adviser
27/05/2016CanAlaska Options Additional Claims for Diamond Exploration ...
25/05/2016Fjordland Options Athabasca Basin Claims With Potential Kimb...
19/05/2016Fjordland Stakes Additional Claims surrounding Kimberlite Ta...
05/10/2015Fjordland Cancels Non-Brokered Private Placement
19/06/2015Fjordland Announces Non-Brokered Private Placement
18/11/2014Fjordland and Sumac Drill 153 Metres Grading 0.20% Copper an...
21/08/2014Fjordland and Sumac Increase Drilling to 4,500 Metres at Dil...
08/04/2014Fjordland and Sumac Plan 2,500 Metres of Drilling and 2,000 ...
24/10/2013and Sumac Drill 158.5 Metres Grading 0.20% Copper and 0.01g/...
07/08/2013and Sumac Commence Drilling on Dillard Copper-Gold Property,...
28/05/2013and Sumac Announce 2013 Work Programs for Dillard Copper-Gol...
04/04/2013Signs LOI and Preliminary Agreement with Sumac Mines Ltd. on...
18/02/2013President Tom Schroeter Presents "Mining in British Columbia...
18/10/2012Identifies Drill Targets on Dillard Copper-Gold Property, So...
17/01/2012Finds Copper and Gold at Moffat
12/01/2012Tom Schroeter Talks BC Mining at Roundup
05/12/2011(Woodjam)Stay Updated on Woodjam
28/11/2011Encounters Mineralization in Drilling on Tak (Moffat) and Re...
21/09/2011(Quest)Enters into Agreement with Major Mining Company to Explore i...
01/09/2011New PowerPoint Presentation
05/07/2011(Woodjam).: Drilling at Woodjam South (Southeast Zone) Yields 264 m G...
27/06/2011Planning Three Drilling Programs in the Kimberley Gold and I...
18/05/2011(Woodjam)Drilling at Woodjam North (Deerhorn Zone) Intersects 207.5 m...
16/05/2011Purchases Exploration Data for Parts of its Milligan Claims,...
05/05/2011Cariboo Rose and Gold Fields Find More Copper (and Gold)
31/03/2011(Woodjam)to Present Woodjam Talk at KEG Conference
07/07/2010Provides Update on Sampling Programs on Six Copper-Gold-Moly...
02/06/2010Expands Tak Gold-Copper Property Portfolio, Central B.C.
03/03/2010Acquires Eight Gold-Copper Properties
24/09/2008and Serengeti Identify Six Priority IP Targets for Follow-Up...
08/04/2008 an Exhibitor at Calgary Resource Conference
12/04/2006(Woodjam)Earns 60% interest in Woodjam gold-copper property
20/03/2006mining analyst Lawrence Roulston initiates coverage on Fjord...
26/05/2005(Woodjam)Commences 2005 Exploration Program at Woodjam Project
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