Parlane Hits Significant Mineralization in 330-Metre Drill

Parlane Hits Significant Mineralization in 330-Metre Drill Hole
Including Highlights from BB12-4 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/18/13 -- Parlane
Resource Corp. (TSX VENTURE:PPP) -  


 
--  9 metres - 2.14 g/t Au - 12.64 g/t Ag 
--  1 metre - 13.50 g/t - Au 58.10 g/t Ag 
--  1 metre - 8.63 g/t Au - 65.40 g/t Ag 

 
Parlane Resource Corp. ("Parlane" or the "Company") is pleased to
announce that it has received assay results from a drill program at
its Big Bear property ("Big Bear"), on the Nechako Plateau,
approximately 100 kilometres southwest of Vanderhoof. Big Bear is
situated between two mineralized systems: New Gold Inc.'s Blackwater
and Capoose properties. 
Six drill holes were completed at 5 sites for a total of 1,637 metres
of core. The objective of this drill program was to target areas
yielding moderate to high chargeability responses that were
coincident with anomalous results from soil sampling (see Parlane
news release Aug. 8, 2012 at www.parlaneresource.com). 
Two of the 6 drill holes intersected newly discovered mineralization.
Drill hole BB12-4 was drilled at the Black Bear anomaly to a depth of
330.71 metres and was sampled at 1-metre or 2-metre intervals for its
entirety. Significant mineralized sections are shown in Table 1 and
include 9 metres assaying 2.14 grams per tonne (g/t) gold, 12.64 g/t
silver and 0.76 % zinc. Within this section, a 1-metre interval, at
196 metres depth, assayed 13.50 g/t gold, 58.10 g/t silver and 1.36 %
zinc. The average grade for all of the samples over the entire hole
is 0.26 g/t gold, 2.67 g/t silver and 0.21 % zinc. Hole BB12-6 was
also drilled at the Black Bear anomaly and was collared 200 metres
west of BB12-4. Significant mineralized intersections (Table 1)
include 8 metres assaying 0.67 g/t gold, 4.99 g/t silver and 0.67 %
zinc and within this section a 1-metre interval assayed 2.06 g/t
gold, 6.69 g/t silver and 1.63 % zinc. Mineralization at the Black
Bear is hosted in thick units of intermediate to felsic lapilli and
crystal tuff. The orientation of this volcanic package is considered
to be dipping moderately to the northeast, based on outcroppings at
higher elevations in the area, and drill intersections are
approximately perpendicular to layering thereby giving true
thicknesses plus or minus 90 per cent. The Black Bear is situated
directly on-line between the Blackwater and Capoose properties (to
see map click on http://media3.marketwire.com/docs/ppp.pdf or see
website at www.parlaneresource.com). 
"This is a very significant discovery for the Company," said Robert
Eadie, President and CEO of the Company. "We are anxious to get
underway on our 2013 drilling program as I believe we have extended
the Blackwater deposit and are on a definite path to increasing
shareholder value." 


 
Table 1. Drill Hole Information and Significant Drill Hole Intersections
 
----------------------------------------------------------------------------
                                                Significant Drill Hole      
          Drill Hole Information                     Intersections          
----------------------------------------- ----------------------------------
                           Azi-                    Len-        sil- cop-    
         East-  North-  El- mu-    Length From  To gth  gold   ver   pe zinc
Hole      ing     ing   ev. th Dip     (m)  (m) (m) (m)  g/t   g/t  r %    %
----------------------------------------------------------------------------
BB12-4 365225 5901000 1248 270 -50  330.71  18  24   6  1.34  3.62 0.04 0.25
----------------------------------------------------------------------------
                                 including  18  20   2  3.83  1.51 0.00 0.23
----------------------------------------------------------------------------
                                       and 114 126  12  1.12  9.30 0.11 0.43
----------------------------------------------------------------------------
                                 including 124 125   1  8.63 65.40 0.75 1.10
----------------------------------------------------------------------------
                                       and 195 204   9  2.14 12.64 0.06 0.76
----------------------------------------------------------------------------
                                 including 195 196   1  3.93 28.20 0.16 2.80
----------------------------------------------------------------------------
                                 including 196 197   1 13.50 58.10 0.11 1.36
----------------------------------------------------------------------------
BB12-6 364991 5901019 1255 360  90  300.84   7  15   8  0.67  4.99 0.06 0.67
----------------------------------------------------------------------------
                                 including  12  13   1  2.06  6.69 0.04 1.63
----------------------------------------------------------------------------
                                       and  24  25   1  0.20  5.38 0.01 1.05
----------------------------------------------------------------------------
                                       and  37  38   1  1.00  6.84 0.00 0.09
----------------------------------------------------------------------------
                      and (with 1.92% lead) 53  54   1  0.10 17.20 0.10 0.77
----------------------------------------------------------------------------
                                       and 188 190   2  0.62 10.10 0.03 0.20
----------------------------------------------------------------------------
BB12-1 371500 5904950 1262 260 -60  317.92      No significant intersections
----------------------------------------------------------------------------
BB12-2 371941 5906105 1222 360 -75  203.00      No significant intersections
----------------------------------------------------------------------------
BB12-3 373600 5906075 1160 360 -60  218.00      No significant intersections
----------------------------------------------------------------------------
BB12-5 368945 5905705 1430 225 -70  267.00      No significant intersections
----------------------------------------------------------------------------

 
The Black Bear mineralization requires more geophysical surveying and
drilling to determine its extent. Parlane has scheduled to return
early in the 2013 season to begin further work at this site. 
The Brown Bear anomaly is located 2.6 kilometres south of the Black
Bear and is characterized by anomalous silver, copper, lead and zinc
values in soils and is coincident with a strong chargeability over an
area approximately 500 metres by 700 metres. It was targeted for
drilling in 2012; however, snow and ice made access difficult and a
decision was made to suspend further work until 2013. 
The Medley Zone was discovered late in 2012 within the western block
of the Big Bear tenure. Closely spaced, 1 to 5 centimetre-wide quartz
and epidote veins carry silver and copper mineralization extending
approximately 700 metres northerly. A selected hand sample assayed
2.67 g/t silver and 0.83 % copper. Further sampling and geological
mapping is planned for this area in 2013. 
Drill core samples were analyzed by AGAT Laboratories Ltd., an ISO
9001 - ISO/IEC 17025 certified laboratory. Parlane maintains a
quality assurance and quality control program whereby standard
samples and blanks are inserted into the sample stream. 
Ian Webster, P.Geo., is the Qualified Person as defined by National
Instrument 43-101 who has reviewed and approved the contents of this
release. 
ON BEHALF OF THE BOARD 
Robert Eadie, President, Chief Executive Officer and Director 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
Parlane Resource Corp.
Robert Eadie
President, Chief Executive Officer and Director
1-604-602-4935
1-604-602-4936 (FAX)
www.parlaneresource.com
 
 
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