Pebble Creek's twinned drill hole results at Askot, India



    TSX-V: PEB

    VANCOUVER, Dec. 11 /CNW/ - Pebble Creek Mining Ltd. (the "Company") has
received all assays on its program of twinning holes drilled by government
agencies 20 to 40 years ago. There is a successful matching of thicknesses and
grades among the pairs of drill holes, qualified only by variability of the
mineral deposit and today's improved drilling technology.
    The twinned and fill-in holes "sampled" prior work with an eye toward
estimating a NI 43-101 compliant mineral resource. The Company believes the
program has established a degree of confidence in prior work.
    Where results diverge between old and twinned drill holes, the
explanations are poor core recovery in the old drill holes and lack of surface
and down-hole survey control by prior workers.

    
       Comparison of Old Diamond Drill Holes with Twinned ("Twin") and
                      Nearby Fill-In Holes (B8X & B11X)
    -------------------------------------------------------------------------
    Drill hole  From   To   Core   True        Sil-
    ----------   (m)  (m) recovery Width Gold  ver  Copper Lead  Zinc  Copper
                              %     (m)  ------------------------------------
                                          gpt  gpt     %     %     %    Equiv
                                                                           %
    -------------------------------------------------------------------------
    Old B5                     95   2.6             4.01  14.73  17.17  12.92
    -------------------------------------------------------------------------
    B5Twin      222.6  227.4  100   2.7  0.34   53  2.25   3.45   5.30   5.46
    -------------------------------------------------------------------------
    including   222.6  225.6  100   1.7  0.33   40  2.51   3.59   7.43   6.19
    -------------------------------------------------------------------------
    Old A23                    28  15.7             2.80   2.51   5.88   5.12
    -------------------------------------------------------------------------
    A23Twin     141.3  154.8  100   9.7  0.26   43  0.88   2.85   3.99   3.41
    -------------------------------------------------------------------------
    including   149.4  154.8  100   3.8  0.34   75  1.07   5.29   6.25   5.31
    -------------------------------------------------------------------------
    including   153.5  154.8  100   1.2  0.95  173  2.71  12.99  15.47  13.10
    -------------------------------------------------------------------------
    DDHs A23 & A23Twin cut close to the drift, therefore adjacent channel
     samples are included
    -------------------------------------------------------------------------
    channel samples in hanging wall 0.6  0.28  149  1.04   9.88  15.25   9.82
    -------------------------------------------------------------------------
    channel samples in footwall     2.5  1.36   86  2.71   6.80   8.97   8.84
    -------------------------------------------------------------------------
    avg. across both walls          8.1  0.45   38  0.92   2.84   3.91   3.48
    -------------------------------------------------------------------------
    Old B8                    low   5.9             2.28   3.73   5.61   4.88
    -------------------------------------------------------------------------
    B8X         107.7  109.1  100   1.2  0.16  144  8.51   9.22  17.13  17.49
    -------------------------------------------------------------------------
    Old B11                   low   1.2             1.87   3.76   4.21   4.10
    -------------------------------------------------------------------------
    B11X        142.1  144.5  100   1.4  0.31    1  2.76   6.04   8.22   6.92
    -------------------------------------------------------------------------
    Old B12                    90  10.0             1.32   2.01   4.00   2.99
    -------------------------------------------------------------------------
    B12Twin      86.8   98.9  100  10.7  0.42   44  0.83   1.80   2.73   2.82
    -------------------------------------------------------------------------
    upper zone   84.7   88.0  100   2.9  0.89   53  1.81   2.62   5.55   5.17
    -------------------------------------------------------------------------
    lower zone   94.9   98.9  100   3.6  0.21   44  0.57   1.94   2.90   2.52
    -------------------------------------------------------------------------
    Old B9B                    81   3.2             2.05   2.73   4.12   3.96
    -------------------------------------------------------------------------
    B9Twin      137.8  138.5  100   0.7  0.22  106  6.32   9.02  16.75  14.76
    -------------------------------------------------------------------------
    Old A15                    10   6.0             0.09    7.4  11.27   5.29
    -------------------------------------------------------------------------
    A15Twin     197.3  225.2  100   3.9  0.28   83  1.43   5.82   8.47   6.48
    -------------------------------------------------------------------------
    including   197.3  202.4  100   1.1  0.31  119  0.63  11.57  18.03  10.34
    -------------------------------------------------------------------------
    Old A9                     80   7.0             3.32   1.87   1.00   4.13
    -------------------------------------------------------------------------
    A9Twin       52.2   64.2  100  10.8  0.73   54  2.58   2.76   4.09   5.50
    -------------------------------------------------------------------------
    including    56.2   59.7  100   3.3  0.59   92  2.88   5.31   7.94   7.91
    -------------------------------------------------------------------------

    Notes. The following U.S. currency prices are used for calculating
    copper equivalents: $700 per ounce for gold, $13 per ounce for silver,
    $2.45 per lb. for copper, $0.99 per lb. for lead and $0.91 per lb. for
    zinc. Gold and silver were not assayed by prior workers. HW means hanging
    wall and FW means footwall.

    Assumed equivalencies among metals in place: 1% copper equivalent is
    equal to 3.47% lead, 3.68% zinc, 91.78 grams per tonne ("gpt") silver, or
    1.70 gpt gold. In addition to the price, the bases for these
    relationships are assumed mill recoveries (60% to 90% for various
    metals), base metal content of concentrates (30% to 77%), smelter payment
    schedules (total TC/RCs of 14 to 20 cents per lb. of base metal product;
    payable metal of 90% to 96%) and concentrate transportation costs ($150
    per dry tonne).
    

    The locations of the holes and the depths of the intersections are
summarized in the web page http://www.pebcreek.com/Askot%20Long-Sec.pdf.
    Low labour costs in India make it a suitable place to contemplate
narrow-vein underground mining methods, however the Company recognizes that
some thin zones may be left unmined or mined but diluted with wall rock.
    Assays were performed by ALS Chemex, North Vancouver; or by Acme
Analyticals, Vancouver; or by Shiva Analyticals (India) Ltd., Bangalore; or on
duplicate samples by both Acme and Shiva. Shiva is an accredited lab and the
Company has inspected its facilities. Shiva analyses gold by fire assay with
AAS finish and silver and base metals by ICP-Optical Emission Spectroscopy.
All labs regularly run standards, blanks and repeats, and the Company also
inserts its own standards, blanks and duplicates into each sample batch. Work
at Askot is under direct supervision of Andrew E. Nevin, P.Eng., a qualified
person under NI 43-101, who has read and approved this news release.
    Andrew Nevin reports from India, "We are excited verifying the high grade
of the Askot deposit and we are preparing for the next stages of drilling."

    About Pebble Creek. The Company is committed to exploration and mine
development in India. In addition to holding Askot it holds title to two other
prospects and has 16 applications pending on a total of more than
14,000 square kilometres.

    On behalf of the Board,
    Gyan C. Singhai, P.Eng.
    Executive Chairman


    Forward-Looking Statements. This news release contains forward-looking
statements, which address future events and conditions, which are subject to
various risks and uncertainties. The Company's actual results, programs and
financial position could differ materially from those anticipated in such
forward-looking statements as a result of numerous factors, some of which may
be beyond the Company's control. These factors include: rapidly increasing
costs of mine and plant construction; the availability of funds; the timing
and content of work programs; results of exploration activities and
development of mineral properties; the interpretation of drilling results and
other geological data, the uncertainties of resource and reserve estimations,
receipt and security of mineral property titles; project cost overruns or
unanticipated costs and expenses, fluctuations in metal prices; currency
fluctuations; and general market and industry conditions.
    Forward-looking statements are based on the expectations and opinions of
the Company's management on the date the statements are made. The assumptions
used in the preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such undue reliance
should not be placed on forward-looking statements.

    "The TSX Venture Exchange does not accept responsibility for the
    adequacy or accuracy of this release."

    %SEDAR: 00023083E




For further information:

For further information: Gyan Singhai, Executive Chairman, Telephone:
(604) 696-6101; Mike Romanik, Investor Relations, Verenex Capital Corp.,
Telephone: (204) 724-0613

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Pebble Creek Mining Ltd.

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