Chapleau Resources Ltd. - 1.37 g/t Gold over 31.0 m Intersected in Hole 10 at Cajueiro, Brazil



    Trading Symbol: CHI - TSX V

    VANCOUVER, June 26 /CNW/ - Chapleau Resources Ltd. (CHI: TSX-V) completes
Phase 1 diamond drilling on the Cajueiro gold project and confirms receipt of
results for 10 of the 13 holes (1237.65 m) drilled (see website for location
map - www.chapleauresources.com and Table 1 attached with summary of assay
results for 10 of the 13 holes).
    The Phase 1 drill program of 13 holes targeted known artisanal gold
workings, gold soil anomalies and interpreted shear zones within the Colider
volcanic suite of rhyolites, rhyolite porphyries, volcanic breccias and
microgranites. The exploration drilling which covered an area of approximately
9 km(2) has confirmed:

    
    -   Significant disseminated gold mineralization associated with shear
        zones with sericite-pyrite alteration within silicified and
        propylitically altered rhyolite.
    -   Gold mineralization of 1.37 g/t Au over 31.0 m (45.0 to 76.0 m) in
        Hole 10.
    -   Continuity of gold mineralization along three interpreted shear zones
        within an area where soil anomalies indicate potential strike lengths
        of mineralization of between 500.0 and 1000.0 m.
    -   The potential for shallow (less than 100.0 m deep) disseminated gold
        mineralization associated with shear structures of up to 31.0 m wide.
    

    A ground geophysical program is now being planned to target extensions of
known mineralized shear zones and locate further mineralized structures for
the Phase 2 drill program.
    Drill holes were inclined at 50 degrees with a maximum of 128.0 m core
length. Core recovery for the mineralized intervals averaged greater than
95.0%. The estimated true widths of all the mineralized intervals are
approximately 90.0% of the intersected widths in the holes. Principal sulphide
mineralization includes fine and coarse grained pyrite between 0.5% and 15.0%,
minor arsenopyrite and chalcopyrite.

    
    Table 1 - Summary of Drill Hole Results
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Hole
    BR_CAJ_No.               Northing  Easting  Azimuth  Inclination  Length
    -------------------------------------------------------------------------
                                UTM      UTM    Degrees    Degrees       m
    -------------------------------------------------------------------------
    DDH1                      8964457   545873       55      - 50     100.00
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH2                      8964339   545596      345      - 50      38.60
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH3                      8964311   548378       40      - 50      61.30
    -------------------------------------------------------------------------
                   Includes
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH4                      8964438   547170      345      - 50     110.50
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
                   Includes
    -------------------------------------------------------------------------
                   Includes
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH5                      8964373   547096      345      - 50      89.50
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH6                      8964328   546985      345      - 50     117.45
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH7                      8964281   548666      335      - 50     128.00
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
                   Includes
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH8                      8963626   548153      325      - 50      82.20
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH9                      8963679   548211      325      - 50      85.00
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------

    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH10                     8962876   548093      320      - 50      83.60
    -------------------------------------------------------------------------
                   Includes
    -------------------------------------------------------------------------
                   Includes
    -------------------------------------------------------------------------
                   Includes
    -------------------------------------------------------------------------
                   Includes
    -------------------------------------------------------------------------
                   Includes
    -------------------------------------------------------------------------



    -------------------------------------------------------------------------
                                                        Mineralization
    -------------------------------------------------------------------------
    Hole
    BR_CAJ_No.                                  From     To     Width   Gold
    -------------------------------------------------------------------------
                                                  m       m       m      g/t
    -------------------------------------------------------------------------
    DDH1                                       No significant mineralization
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH2                                     Hole abandoned at 38.60m due to
                                       caving. No significant mineralization
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH3                                        53.2    55.3     2.1    3.37
    -------------------------------------------------------------------------
                   Includes                     53.2    53.7     0.5    6.20
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH4                                        33.5    34.0     0.5    1.20
    -------------------------------------------------------------------------
                                                71.7   103.2    31.5    0.32
    -------------------------------------------------------------------------
                   Includes                     76.2    76.7     0.5    3.41
    -------------------------------------------------------------------------
                   Includes                     78.2    78.7     0.5    3.19
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH5                                        60.0    61.0     1.0    9.12
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH6                                        63.5    64.0     0.5    1.47
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH7                                        84.0    87.0     3.0    0.42
    -------------------------------------------------------------------------
                                                95.5    99.5     4.0    1.68
    -------------------------------------------------------------------------
                   Includes                     95.5    96.5     1.0    4.02
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH8                                        23.0    25.0     2.0    0.75
    -------------------------------------------------------------------------
                                                51.5    56.5     5.0    4.09
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH9                                        29.5    30.0     0.5    8.76
    -------------------------------------------------------------------------
                                                53.5    54.5     1.0    0.82
    -------------------------------------------------------------------------
                                                62.0    64.0     2.0    3.59
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DDH10                                       45.0    76.0    31.0    1.37
    -------------------------------------------------------------------------
                   Includes                     46.0    48.0     2.0    2.41
    -------------------------------------------------------------------------
                   Includes                     53.5    55.5     2.0    3.78
    -------------------------------------------------------------------------
                   Includes                     61.5    62.5     1.0    6.38
    -------------------------------------------------------------------------
                   Includes                     66.0    69.0     3.0    3.85
    -------------------------------------------------------------------------
                   Includes                     72.0    75.0     3.0    2.34
    -------------------------------------------------------------------------
    Gold assays are uncut
    

    Drill cores for assaying were taken at a minimum of 0.5 m and maximum of
2.0 m intervals. All core samples (HQ diameter) were cut with a diamond saw
and one-half of the core placed in bags, numbered and sealed then sent via a
secure transport agency to the Company's main office in Cuiaba in Brazil for
shipping directly to the SGS Geosol laboratory in Belo Horizonte. The core
samples were then crushed down to 2mm, a split of 250 to 300 g was taken and
pulverized to better than 95% minus 150 mesh. Gold analysis was by fire assay
of a 30 g sample and an atomic absorption finish. Silver and additional thirty
two elements using aqua regia acid digestion were analyzed by Inductively
Coupled Plasma (ICP). As part of the Company's QA/QC program duplicates,
blanks and internationally recognized standards were included in the sample
batches to check on assay precision and accuracy. SGS Geosol which is an ISO
9001:2000 and ISO 14001: 2004 registered laboratory also has a quality control
program in place which includes standards and duplicates.
    The Company also announces the resignation of Robin Sudo from the Board
of Directors.
    This press release was prepared by Ian Gendall, Pr. Sci. Nat., a
qualified person in compliance with National Instrument 43-101.

    
    BY ORDER OF THE BOARD OF DIRECTORS

    Signed:

    CHAPLEAU RE

SOURCES LTD. "Eric Wiltzen" ---------------------- Eric Wiltzen/President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

For further information:

For further information: For technical information regarding this press
release, kindly contact Ian Gendall at (604) 669-8511

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