Fjordland and Sumac Plan 2,500 Metres of Drilling and 2,000 Metres of Trenching
at the Dillard Property, Southern British Columbia, in 2014
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/08/14 --
Fjordland Exploration Inc. (TSX VENTURE: FEX) is pleased to report
that Sumac Mines Ltd., a subsidiary of Sumitomo Metal Mining Co. Ltd.
of Japan, has approved a 2014 budget and work program, estimated at
approximately $950,000, for the Dillard porphyry copper-gold project
located between Merritt and Princeton in southern BC. The programs,
which are a follow up to last year's approximately $800,000 work
programs, will include approximately 2,500 metres (m) of diamond
drilling, approximately 2,000 m of trenching and geological mapping
and prospecting over the entire property. Fjordland will be the
operator of the project.
At Dillard West, drilling will test for additional mineralization,
including possible depth extensions of mineralization in holes that
bottomed in mineralization during Placer Dome's 1991 historic diamond
drilling program (2030 m in 11 holes) on the Dill (Primer South)
property. Drilling in 1991 intersected 207 m grading 0.25% Cu. A
limited 2013 diamond drilling program by Fjordland, consisting of
1,558 m in four deep holes, included an assay interval of 403 m
grading 0.136% Cu and 71.6 ppb Au, including 158.5 m grading 0.201%
Cu and 93.7 ppb Au. Numerous other intersections of copper and gold
mineralization were reported in a news release dated October 24,
2013. Much more drilling is required to establish the size, geometry
and tenor of the copper and gold mineralization. The Dillard West
target, measuring approximately 1,400 m by 1,200 m, includes
coincident induced polarization (IP) chargeability and copper and
gold in soils anomalies. Chalcopyrite, pyrite and minor bornite
mineralization occurs within altered Nicola Group andesitic rocks and
coeval intrusive dioritic rocks.
At Dillard East, two reconnaissance diamond drill holes completed in
2013 by Fjordland tested an IP chargeability and metal factor
anomaly. The area tested was only a small portion of the 2,000 m by
1,500 m target; several other areas with coincident copper and gold
soil anomalies remain to be tested, including an area where a grab
sample assaying 1.64% copper was obtained in 2011.
Tom Schroeter, President & CEO of Fjordland states: "We look forward
to an expanded drilling program on the Dillard West target this
season, as well as a trenching program on the Dillard East target, to
guide additional drilling. We plan to start work in June."
Further information about the Dillard Property and the Aspen Grove
copper-gold camp is available on Fjordland's website at:
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.
About Fjordland Exploration Inc.
Fjordland Exploration Inc. is a mineral exploration company focused
on the discovery of copper and gold deposits in British Columbia.
Fjordland currently has a portfolio of 18 properties. It has a 100%
interest in 6 properties known as "Tak" totalling 43,486 hectares
(ha) near the Woodjam property in the Cariboo region of central BC.
Fjordland and Serengeti Resources Inc. are (50/50) partners in the
"Milligan West" project totalling 15,736 ha, adjoining Thompson Creek
Metals Ltd's Mt. Milligan copper-gold mine which came into production
in late 2013. Fjordland and Serengeti are 35%/65% partners exploring
8 precious and base metals properties ("QUEST" project) totalling
22,367 ha, in the Quesnel terrane between the Mount Polley and Mt.
Milligan mines. Fjordland has a 100% interest in the St. Mary's
property totalling 13,600 ha in the Iron Range area, southern BC.
Fjordland has options to acquire a 100% interest in the adjoining
Dillard and Dill (collectively named "Dillard") copper and gold
properties totalling 2,592 ha. Fjordland has an option to acquire a
100% interest in the Heffley Property totalling 4084 ha. Fjordland's
shares trade on the TSX Venture Exchange under the symbol "FEX". For
further information visit Fjordland's website at www.fjordlandex.com
About Sumac Mines Ltd.
Sumac Mines Ltd. (Sumac) is a mineral exploration company based in
Vancouver and a subsidiary of Sumitomo Metal Mining Co., Ltd. (SMM).
Sumac has explored many copper projects in British Columbia since the
early 1970s, resulting in the discovery of the Kutcho Creek deposit
in the northern part of the province. Sumac is currently exploring
for copper and gold in British Columbia and the Yukon. The parent
company, SMM, is an integrated non-ferrous mining, smelting and
manufacturing company, headquartered in Tokyo, Japan. SMM operates
the Hishikari gold mine in Japan and the Pogo gold mine in Alaska,
and has invested in many large copper mines worldwide.
Tom Schroeter, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Fjordland Exploration Inc.
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