Press Release April 5, 2012 - Carube Resources
Press Release April 5, 2012 - Carube Resources
Press Release April 5, 2012 - Carube Resources
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
FOR IMMEDIATE RELEASE<br />
<strong>Press</strong> <strong>Release</strong> <strong>2012</strong>-03<br />
CARUBE REPORTS EXTENSIVE COPPER MINERALIZATION<br />
IN TRENCHES AT BELLAS GATE PROJECT<br />
OTTAWA, ONTARIO, APRIL 5, <strong>2012</strong>: <strong>Carube</strong> <strong>Resources</strong> Inc. (<strong>Carube</strong>) is pleased to announce<br />
results from channel samples collected from nine trenches over copper anomalies at its Bellas<br />
Gate Project in Jamaica. The anomalies were defined from data compilation and a soil<br />
geochemical program completed in late 2011 (see <strong>Press</strong> <strong>Release</strong> dated November 29, 2011 and<br />
Schedule A). Results from the trenching indicate that high metal values, primarily copper,<br />
correlate well with highly anomalous copper, gold and silver values from the soil samples.<br />
The trenches not only confirm the presence of the soil anomalies in the weathered rock, but<br />
indicate impressive widths of oxidized material rich in copper and, in specific instances, the<br />
presence of gold and silver, in spite of the trenches bottoming in a zone most probably leached of<br />
metals. A summary of the results is shown in Schedule B.<br />
Trench Results: Significant results encountered in the trenches include:<br />
(1) High Stone Hill trenches<br />
48m of 0.25% Cu, including 0.33% Cu over 15 m in HSH1<br />
30m of 0.29% Cu, including 0.43% over 6m in HSH1a<br />
5m of 0.30% Cu in HSH2<br />
8m of 0.63% Cu in HSH3<br />
HSH2 and HSH3 are located along an anomaly where a large pre-1958 trench,<br />
approximately 3.5 x 18m, exposed a copper-bearing zone (malachite, minor bornite and<br />
chalcopyrite) averaging 2.3% Cu over 2m for a length of over 18m.<br />
(2) Dry Hill Trenches<br />
45m of 0.42% Cu including 0.64% Cu over 18m in DH1<br />
13m of 0.69% Cu including 1.37% Cu over 4m in DH2<br />
These two mineralized sections could well be within a broad structure or series of<br />
structures trending to the northwest.<br />
(3) Charing Cross Trenches<br />
5m of 0.29% Cu in CC1, trench excavated across a northern splay of the Charing<br />
Cross-Congo Hill Zone (CCZ)<br />
6m of 0.44% Cu and 3m of 0.21% Cu, 0.3ppm Au in CC2 on an off-set to the CCZ<br />
(4) Bordeaux Hill Trenches<br />
4m of 0.13% Cu and 5m of 13.5ppm Ag in BH1<br />
17m of 0.12% Cu and 0.4 ppm Au, 3m of 0.19% Cu, and 2.2ppm Au in BH2<br />
Diamond drilling (one drill operating, second being mobilized) is underway with a number of<br />
holes being completed. The holes drilled to date show evidence of mineralization, and assays<br />
should be available in about 90 days.
This press release has been prepared by Dr. V. N. Rampton, P.Eng. in his capacity as a qualified<br />
person as defined under NI 43-101 standards.<br />
Sample Preparation, Analysis and Quality Control: For most trenches, channel samples were<br />
taken at the base of the trench wall over 1 to 3m intervals. The samples, weighing between 3 kg<br />
and 1 kg were stored in a secure locality and then forwarded through bonded couriers to<br />
Activation Laboratories Ltd. (Actlab) at Ancaster, Ontario. At Actlab the samples were crushed<br />
with up to 90% passing 2mm, 250g was then split and pulverized to 95% passing 105 micron.<br />
Actlab’s IEP1 (Au+14) procedure was utilized to determine the values of 15 elements. Thirty<br />
grams were utilized for neutron activation to determine Au, As, Sb, Ba, Hg and W contents. The<br />
remainder of the elements—Ag, Cd, Cu, Hg, Mn, Mo, Ni, Pb, S and Zn—has their values<br />
determined by ICP following aqua regia digestion.<br />
Actlab is a fully accredited laboratory to ISO 17025 and CAN-P-1579 and NELAP standards. A<br />
certain number of standards and blanks are inserted into the sequence of samples to be analyzed.<br />
Splits and duplicates are also systematically analyzed for quality control. In addition, <strong>Carube</strong><br />
inserted a number of blanks for analysis.<br />
About <strong>Carube</strong> <strong>Resources</strong> Inc.: <strong>Carube</strong> is a private company focussed on the rapid development of<br />
precious metal and copper projects in eastern Canada and the Caribbean. Its wholly owned<br />
subsidiary, <strong>Carube</strong> <strong>Resources</strong> Jamaica Ltd. (CRJL), owns a 100% interest in two highly prospective<br />
copper/gold/silver licences covering 85 km 2 of the Central Inlier in Jamaica. The interest is subject to<br />
a series of staged payments, share issuances and exploration commitments over a four year period<br />
beginning March, 2011. It also owns a 100% interest in Rodinia Jamaica Limited which controls 4<br />
additional licences covering a total of 176 square kilometres located mainly on three of Jamaica’s<br />
highly prospective Cretaceous Inliers. In addition it has an option to earn a 100% interest on the<br />
highly prospective 23 km 2 Fiedmont platinum and palladium project north of Val d’Or, Quebec. It<br />
currently has 19,771,374 common shares outstanding.<br />
This press release contains certain forward-looking statements, which are based on the opinions and estimates of<br />
management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors<br />
that could cause actual events or results to differ materially from those projected. <strong>Carube</strong> undertakes no obligation to<br />
update forward-looking statements if circumstances or management’s estimates or opinions should change. The reader<br />
is cautioned not to place undue reliance on forward-looking statements.<br />
For additional information contact:<br />
Darrell Munro, BB.A, LL.B, Corporate Administration<br />
E-mail: dmunro@caruberesources.com<br />
Tel: (613) 836-0198<br />
<strong>Carube</strong> <strong>Resources</strong> Inc.<br />
3232 Carp Road,<br />
P.O. Box 158,<br />
Carp, Ontario<br />
K0A 1L0<br />
CANADA<br />
SEE SCHEDULES A & B BELOW
Schedule A: Location of anomalous zones 1 and completed and proposed trenches and<br />
drill holes on the Stamford Hill – Congo Hill Corridor at the Bellas Gate Project.<br />
1 The anomalies are overlain on an electronically contoured “index of metals”, which factors the values of copper, silver, arsenic,<br />
antimony and zinc at each locality.
Schedule B: Summary of copper, gold and silver values from<br />
mineralized sections of trenches at Bellas Gate.<br />
Trench<br />
Name North From To Width Cu Au Ag<br />
m m m ppm ppb ppm<br />
HSH1 1997400 12 66 54 2378 47.7 2.2<br />
HSH1 including 12 39 27 2675 48.6 3.3<br />
HSH1 including 12 27 15 3286 69.0 3.0<br />
HSH1 including 42 54 12 2585 75.5 2.1<br />
HSH1 including 45 51 6 2520 129.5 1.3<br />
HSH1a 1997500 0 48 48 2452 84.9 1.1<br />
HSH1a including 33 48 15 3417 176.5 1.2<br />
HSH1a 39 45 6 3285 376.5 1.0<br />
HSH1a 42 48 6 4310 257.5 1.5<br />
HSH2 1997150 14 19 5 3035 12.4 0.6<br />
HSH2 28 34 6 1453 6.5 0.1<br />
HSH3 1997050 46 54 8 6210 25.6 1.2<br />
HSH3 including 47 49 2 8895 117.5 3.2<br />
DH1 1997700 72 117 45 4221 tr tr<br />
DH1 including 90 108 18 6357 tr tr<br />
DH2 1997600 2.3 15.3 13 6944 0.6 0.3<br />
DH2 including 11.3 15.3 4 13725 13.3 0.6<br />
CC1 1997250 7 14 7 2303 40.0 6.3<br />
CC1 including 9 14 5 2871 31.8 7.7<br />
CC2 1996700 76 81 5 4345 115.0 2.1<br />
CC2 92 93 1 2130 323.0 1.3<br />
BH1 1996850 11.2 26.2 15 444 83.5 1.2<br />
BH1 52.7 56.7 4 1285 71.8 2.3<br />
BH1 69.7 74.7 5 858 11.4 12.7<br />
BH2 1996800 37 54 17 1172 416.8 2.1<br />
BH2 including 48 51 3 1948 2206.7 4.1