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Fjordland Exploration Inc

Publié le 11 septembre 2012

Regains 100% Interest in the Tak-Milligan Copper-Gold-Molybdenum Project

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

Fjordland Exploration Inc.

1111 Melville Street, Suite 1100

Vancouver, British Columbia

Canada V6E 3V6  

www.fjordlandex.com

 

NEWS RELEASE

 

Fjordland Regains 100% Interest in the Tak-Milligan Copper-Gold-Molybdenum Project, Central British Columbia

 

Vancouver, BC, September 11, 2012 ? Fjordland Exploration Inc. (TSX-V: FEX) reports that Capstone Mining Corp. (TSX: CS) has elected not to proceed with the option on Fjordland?s Tak-Milligan Project, located in central BC. Over the past two years Capstone funded approximately $1.12 million for exploration over the nine Tak properties, totaling 50,079 hectares (ha), and the two Milligan properties, totaling 2,978 ha. Fjordland now owns a 100% interest in all eleven properties.

 

The properties lie within the prospective Quesnel terrane, well-known for its porphyry potential, and is underlain by Triassic-aged Nicola Group clastic sedimentary and andesitic volcanic rocks intruded by late Triassic to early Jurassic-aged intrusions.

 

The Tak portion of the project, located between 100 Mile House and Likely (approximately 100 kilometres (km) in distance, east of Highway 97), consists of nine non-contiguous claim blocks (Moffat, Moffat East, Tisdall, Canim, Howard Lake, LaHache, Hazel North, Hazel South and HR), with a total area of 50,079 ha.  The road-accessible properties lie within and adjacent to the Takomkane batholith (50 km by 40 km), one of several large batholithic bodies which host calc-alkaline mineral deposits such as Highland Valley Copper and Gibraltar.  The properties also lie south-southeast of the Woodjam copper-gold-molybdenum deposits which are under advanced exploration by Gold Fields Canada; the Moffat Property lies approximately 15 km to the south-southeast.

 

The Tak properties have six historic mineralized occurrences as described in the BC Minfile Database, including two showings on Moffat, two showings on Howard Lake, one showing on Canim, and one prospect on LaHache. Recent surveys by Fjordland have delineated new zones of copper-gold-molybdenum mineralization on the Moffat property.

 

The Milligan properties lie approximately 80 km north of Fort St. James, and approximately 4.5 km west of the Mt. Milligan copper-gold deposits, being developed for production by Thompson Creek Metals. Previous work by other operators has identified coincident induced polarization (IP) chargeability and copper-gold soil anomalies.  Limited soil sampling by Fjordland has confirmed these anomalies; drilling is warranted.

 

Between September, 2010 and September, 2012, eight widely-spaced, reconnaissance diamond drill holes totaling 2,260 m were completed (four each on the Moffat and Tisdall properties) on the Tak portion.   The four holes, spaced 1000 m to 1400 m apart, drilled at Moffat in 2011 initially tested an area measuring approximately 2 km by 2 km, part of an large, northwesterly-trending IP anomaly measuring 3.5 km by 900 m. In late 2010, Fjordland geologists discovered mineralization in the Takomkane batholith approximately 1000 m north of the Harrison Creek Cu-Au-Mo Minfile prospect; the best grab sample assayed 0.36% Cu, 0.29g/t Au, 6.9g/t Ag and 11 ppm Mo. All four holes drilled, despite the complete lack of outcrop, encountered porphyry ? style copper mineralization hosted in altered diorites to monzodiorites; the best drill intersection was 5.8 m grading 0.15% Cu and 0.18g/t Au. The four reconnaissance holes (totaling 1,125 m) drilled at Tisdall tested large coincident IP chargeability and soil anomalies; however, no economic mineralization was encountered.

 

Also between September 2010 and September 2012, a total of 52.6 line-km of IP surveying, as well as selected soil geochemical surveying were completed on the Tak properties. No work was completed on the Moffat and Milligan properties during 2012.  Additional, systematic reconnaissance and infill IP survey over the Moffat property is recommended, as well as over the Milligan South property, prior to drilling. Fjordland will be approaching groups interested in gaining an interest in this prospective group of Quesnel terrane porphyry properties.

 

Tom Schroeter, President of Fjordland commented: ?Fjordland is very appreciative of the work funded by Capstone and the preliminary results to date are encouraging. We feel that exploration in the rapidly developing ?Woodjam Area? and ?Milligan Area? camps is still at a very early stage and that there is good potential for discovery in the region. We look forward to continuing exploration on the Tak-Milligan projects?.

 

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 100% interest in 9 properties known as ?Tak? totaling 50,079 ha in the Woodjam area of central BC.  Fjordland has a 100% interest in two properties known as ?Milligan? totaling 2,978 ha, adjoining Thompson Creek Metals Company Inc.?s (NYSE: TC and TSX: TCM) Mt. Milligan copper-gold deposits on the west. 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 in southeastern BC.  Fjordland has an option to acquire a 100% interest in the 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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