TORONTO, Feb. 13 /CNW/ - COGITORE Resources Inc. (the "Company") (WOO:
TSX-V) is pleased to announce the commencement of its 2008 exploration
programs on the Estrades property and adjoining Caribou property in
northwestern Quebec. The Company will be drilling on the 100% owned Estrades
Mining Lease as well as on adjacent claims that are subject to the Company's
earn-in joint venture agreements with both Inmet Mining and IAMGOLD (the
The focus of the program at Estrades will be to follow up on the EME-07
copper zone discovered in 2007 (3.1% Cu over 4.4m, see May 8, 2007 press
release) and also to explore the area east of hole EME-07, where favourable
rhyolitic volcanic rock units thicken, suggesting proximity to a volcanic
A deep penetrating electromagnetic (InfiniTEM) survey will commence
shortly at the Caribou claims immediately to the west of the Estrades mine.
Potential conductors will be drilled as part of the current program. The
Estrades drilling program will run concurrently with drilling on the Selbaie
West Property (see press release of February 7, 2008). With 3 drills currently
in operation, the Company has now secured the drill rigs required to carry out
over 35,000 metres of drilling on its various projects throughout 2008.
With respect to the on-going feasibility study at the Estrades mine
project, discussions are currently taking place with potential custom mills
and smelters. The study is focusing on a portion of the Estrades Main Zone
located above a depth of 415m and in which Scott Wilson RPA calculated
resources of 390,000 tonnes grading 0.80% Cu, 11.03% Zn, 6.24 g/t Au and
187.3 g/t Ag (see Technical Report on SEDAR). The study, initially expected to
be completed in 2007, was held up by a 3 month delay in the metallurgical
tests at SGS Lakefield. The feasibility study and financial analysis of the
project will be completed as soon as smelter terms are obtained and a viable
custom milling option has been secured for the Estrades ore.
Work is carried out by the personnel of Cogitore Resources Inc., under
the supervision of Gérald Riverin, PhD, P.Geo. He is a qualified person (as
defined by National Instrument 43-101) and has more than 30 years of
experience in VMS exploration.
The Company has developed a strategic focus on base metal exploration in
prospective areas that also feature infrastructure favourable for mining
development. Accordingly, it will focus its work in the Abitibi Belt of Quebec
and Ontario, and in the Central Belt of Newfoundland.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Gérald Riverin, President & CEO, Telephone:
(819) 764-6666; or Louis Morin, Director, Investor Relations, Telephone: (514)