VANCOUVER and NEW DELHI, India, June 22 /CNW/ - Pebble Creek Mining Ltd. ("Pebble Creek" or the "Company") has instructed drilling contractor, Transnational Drilling & Mining Associates Pvt. Ltd., to add a second drill to accelerate the Company's 7,500-metre drilling program at the Company's Askot project in Uttarakhand, India. The second drill is expected to arrive on site by June 27. The drilling program strives to add to the known mineral resource of the Askot deposit by conducting step-out drilling in untested areas along strike and down-dip.
Core drill hole DDH10AA018 was completed as scheduled at a depth of 569.7 metres with little deviation from its minus 58 degree inclination. The geology encountered is highly complex. The Company will announce results once three-dimensional modelling is completed and the Company is confident of how the findings fit into the known mineralisation.
The track-mounted Hydco rig will be moved to a second site for DDH10AA019 and the new Dyna drill will be set up on the vacated site to drill DDH10AA020 at a different azimuth and inclination.
The detailed stream sediment sampling program conducted by the Company in February and March 2010 collected 258 samples from all drainages cutting the mineral-bearing rock units in 50 square kilometres around the Askot project. As stated in the Company's news release dated June 3, 2010, a concurrent reconnaissance program found six previously unknown mineral showings of copper sulphides, copper oxides or sulphide gossans. The anomalous samples and mineral showings occur in three clusters: 3 kilometres south of the Askot deposit on the opposite limb of a syncline, and 5 kilometres and 9 kilometres northwest of Askot along the same limb. Management believes the region may contain a mineral belt, not just a single mineral deposit.
Andrew E. Nevin, Ph.D., P.Eng., is responsible for, and approves of, the technical disclosure in this news release.
Both the Indian federal and state governments have approved the Company's Mining Lease application on 386 hectares at Askot, subject only to completion of Forest Clearance, which is in progress. The Company also has a priority Reconnaissance Permit application on the surrounding 22,600 hectares, including the area surveyed by the sampling program.
This news release contains forward-looking statements that address future events and conditions and 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: 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 commodity 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Pebble Creek Mining Ltd.
For further information: For further information: Andrew Nevin, Ph.D., P.Eng., President & CEO, Telephone: +1 604 250 1795; Mike Romanik, Vice President, Telephone: +1 204 724 0613