Trading Symbol: CHI:TSX-V
VANCOUVER, March 13 /CNW/ - Chapleau Resources Ltd. (CHI: TSX-V)
conducted ground exploration on the Coringa gold project, immediately south of
the Mato Velho project, during January and February 2007. The initial work has
identified an 8 by 3 km area with over 10 km of auriferous veining related to
the 17 artisanal gold workings on the property (see maps on website -
www.chapleauresources.com). The auriferous veins are related to a
northwest-trending regional fracture system containing at least 4 principal
vein structures with widths varying from 1 to 20 m along strike. The vein
structures within the mapped undeformed feldspar porphyry and felsic intrusion
have gold mineralization associated with quartz, quartz stringer zones,
stockworks, sericite, kaolinite, pyrite, (+/-chalcopyrite, galena, sphalerite
and tetrahedrite). Extensive strike lengths (up to 6.65 km) can be seen on the
structures with veins only being worked to a depth of some 20 to 30 m in most
cases. The depth of the artisanal workings is principally related to the zone
of weathering and saprolitic development. Deeper workings extending to 75 m
also exist (Mai de Leite gold working).
A total of 5.5 km of soil lines have been cut and 220 soil samples
collected with geochemical results expected by late-March. Initial mapping of
the 17 historically known artisanal gold workings has been completed and rock
sampling is currently in progress. Mapping and sampling of all known gold
workings on the project will continue through to mid-March 2007 with drilling
expected to begin in late-March 2007.
Drilling of 13 (1,969.4 m) core holes has been completed on the Mato
Velho gold project. Results for 5 of the 13 holes were released on
February 07, 2007 (see website for press release - www.chapleauresources.com).
The gold assays for the remaining 8 holes will be released upon receipt.
Drilling of 16 (2,277.9 m) core holes has been completed on the Nova
Canaa gold project. Results for 7 of the 16 holes were released on January 19,
2007 (see website for press release - www.chapleauresources.com). The gold
assays for the remaining 9 holes will be released upon receipt.
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
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
For further information:
For further information: For technical information regarding this press
release, kindly contact Ian Gendall, VP Exploration, at (604) 669-8511