VANCOUVER, April 5 /CNW/ - Mediterranean Resources Ltd. (TSX-V: MNR) (the
"Company") today announced that drilling has begun on its Tac and Corak gold
properties in northeastern Turkey.
The Company's focus will be the continued exploration and development of
Tac and Corak through a significant 15,000 metre drill campaign planned for
both properties this year that will lead to an update of the NI 43-101
resource estimate announced for Tac, February 7, 2007 and a NI 43-101
compliant resource estimate for Corak. Both compliant resource estimates are
expected to be completed by the end of 2007.
A 5,000 metre drill program at Tac, where a diamond drill rig has been
mobilized to site, will be concentrated on two mineralized zones, the Copper
Creek-Ugur Thrust Zone (CCUZ) and Karsibayir Zone (KB), which were determined
in the compliant resource estimate to contain potentially economic
concentrations of both gold and copper. The drilling will expand on the
mineralization found in the existing resource, both along strike and down dip
of the area tested to date in the two zones, including an area to the
northeast of the T-6 Valley (forming part of the CCUZ zone) where the greatest
concentration of high-grade mineralization has been encountered to-date. This
mineralization has been shown to extend to the northeast where drilling in
2006 was too widely spaced to permit a confident interpretation of its extent
and limits. Drilling will also be concentrated on the area beneath the T-6
Valley where the CCUZ thrust is considered to have the greatest potential and
where lower topographic elevations compensate for any increase in the depth of
the mineralized thrust.
A 10,000 metre drilling program at Corak will lead to the verification of
historical resources and is expected to lead to a significant expansion of
known zones of mineralization. A diamond drill rig has been mobilized to site
and a reverse circulation rig is expected to be mobilized shortly. Corak has a
historical resource potential suggested by exploration drilling and soil
sampling in the early 1990s by Teck Cominco of 1.8 million tonnes averaging
10 g/t gold. The core from diamond drill holes will be split, with one-half to
be securely stored and the other half processed and airlifted to the ALS
Chemex Laboratory in Vancouver, B.C. for analysis. Assay results are expected
to be received within four weeks from the time the hole is drilled and logged.
About Mediterranean Resources Ltd.
Mediterranean Resources Ltd. (the "Company") acquires and develops
advanced stage mineral properties of demonstrated potential. Currently the
Company is actively working on its two 100% owned properties in Turkey, that
saw more then US$4 million of exploration by a major international mining
company during the 1990's.
During 2006, the Company outlined at the Tac Property a NI 43-101
compliant Indicated Resource of 773,313 ozs of gold and 34,220,429 lbs of
copper on an uncapped basis with average grades of 2.01 g/t gold and 0.13%
copper at a 1.0 g/t gold cut-off. Please visit www.medresources.ca for
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Peter J. Guest, President & CEO, (604)
669-3397; Jag S. Sandhu, VP Corporate Development, (604) 306-1950