HIGH GRADE GOLD EXTENSION INTERSECTED AT TINDALS EAST
February 9, 2006
Committee Bay Resources Ltd. (CBR:TSXV) and Joint Venture partner Focus Minerals Ltd (ASX:FML) are pleased to announce that underground core drilling has intersected the down-dip extension of the high grade Tindals East Zone at the Tindals Underground Project, located within the 210 square Km Redemption Joint Venture Project, Western Australia.
ED235, drilled 80m down-dip of previous drilling at Tindals East (formerly known as the Cyanide Lode Zone), intersected two zones of silicified diorite which returned 10.52 g/t Au over 3.3m in Lens 4 and 4.10 g/t Au over 3.7m in Lens 5. ED238 tested 70m vertically down-dip of ED235 and intersected 9.27 g/t Au over 1.8m in lens 3, and 15.02 g/t over 3.8m in lens 4 (see table below). A table consisting of historic high grade intersections in all five lenses will be provided at the end of the press release. For a full table of historic drill results visit http://www.committeebay.com/Tindals_East.pdf.
The Tindals Mineralization trend occurs as a series of steeply dipping mineralized structures that transect a package of ultramafic volcanics and diorite dikes. Mineralization is hosted primarily by diorites within the structural corridors. Gold production at Tindals, primarily during the 1990’s from open pit and underground mining, totaled 466,000 ounces (see Technical report in Sedar). Previous mining has exploited the mineralization to a maximum of 200m below surface, and the system has seen relatively limited drilling at depth.
The Tindals East Lode comprises five 100m long vertical zones of mineralization which step down en-echelon to the east. Previous underground mining was focused on the western most lenses which terminated at about 200m below surface. The eastern lenses have only been sporadically drilled below 200m, and are best developed starting at 250m below surface where the width and intensity of the mineralization increase. The intersections in ED235 and ED238 correlate well with mineralization in these eastern lenses as defined by previous drill holes. Additional underground drilling is being conducted to test the system further down-dip and to the south at depth. Re-logging and sampling of historic core is underway.
Significant Intercepts From Recent Core Drilling at Tindals East
|
Hole |
Lens |
From |
To |
Interval (m) |
Au (g/t Au) |
|
Number |
(m) |
(m) |
|
ED235 |
4 |
299.1 |
302.4 |
3.3 |
10.52 |
|
including |
4 |
300.0 |
302.4 |
2.4 |
13.95 |
|
5 |
307.6 |
311.3 |
3.7 |
4.1 |
|
ED238 |
3 |
316.5 |
318.3 |
1.8 |
9.27 |
|
4 |
346.0 |
349.8 |
3.8 |
15.02 |
|
5 |
359.6 |
361.0 |
1.4 |
4.10 |
*All samples analyzed by fire assay.
The Tindals East drilling is part of the Tindals Underground Drilling Project designed to test for down-dip extensions to diorite hosted lode deposits within the Tindals trend, including the Countess which currently hosts a 43-101 compliant inferred resource of 111,700 tonnes grading 4.70 g/t Au for 16,879 ounces gold.
Committee Bay Resources Ltd., through the Redemption Joint Venture (Committee Bay in a 50% partnership with Focus Minerals Ltd. ASX: FML), has the mineral rights to more than 210km2 of under-explored greenstone tenements, located in one of the world’s most significant gold and nickel mining regions. These tenements contain Indicated resources of 315,720 ounces gold* (5.32 million tonnes at 1.8g/t gold) and Inferred resource of 1,080,825 ounces gold* (13.7 million tonnes at 2.5g/t gold). The RJV also has a 100% interest in the fully permitted, 1.2mtpa, Three Mile Hill Mill processing plant. Scoping studies have been initiated to determine the viability of reactivating the Three Mile Hill Mill.
* For more information on the stated gold resources of Committee Bay Resources Ltd., please refer to the detailed NI 43-101 compliant technical reports filed on SEDAR by Committee Bay on December 20, 2004, and by Matador Exploration Inc. (now a wholly owned subsidiary of Committee Bay Resources Ltd.) on July 18, 2005.
Committee Bay Resources Ltd. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property. The program is supervised by Peter Kleespies, M.Sc., P.Geol., Vice President of Exploration (Australia), who is the Qualified Person as defined by NI 43-101.
Committee Bay now controls major greenstone belts in Nunavut and Western Australia and has the opportunity to conduct year-round exploration on three continents in order to build on its existing gold resources.
On behalf of the Board
Committee Bay Resources Ltd.
/s/”John Williamson”
John Williamson, P.Geol.
President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
TABLE 2
Significant Unmined Intercepts From Core Drilling at Tindals East
|
LENS 1 |
|
|
|
|
|
|
Hole_Id |
From |
To |
Length |
True_Thickness |
g/t Au |
|
C480-7 |
267.00 |
273.81 |
6.81 |
3.16 |
5.78 |
|
D/440/3 |
73.25 |
83.50 |
10.25 |
6.25 |
2.36 |
|
D/450/2 |
69.70 |
79.75 |
10.05 |
6.17 |
5.48 |
|
D/500/1 |
69.70 |
71.08 |
1.38 |
1.19 |
30.18 |
|
D/500/2 |
88.20 |
93.13 |
4.93 |
2.66 |
4.99 |
|
TUG132D |
57.40 |
62.20 |
4.80 |
3.69 |
6.10 |
| |
|
|
|
|
|
|
LENS 2 |
|
|
|
|
|
|
Hole_Id |
From |
To |
Length |
True_Thickness |
g/t Au |
|
D/500/2 |
101.90 |
113.63 |
11.73 |
6.32 |
4.10 |
|
D/500/3 |
81.70 |
86.45 |
4.75 |
3.46 |
2.67 |
|
TIND30 |
28.17 |
32.27 |
3.50 |
3.62 |
2.63 |
| |
|
|
|
|
|
|
LENS 3 |
|
|
|
|
|
|
Hole_Id |
From |
To |
Length |
True_Thickness |
g/t Au |
|
D/405/2 |
123.10 |
127.93 |
4.72 |
3.22 |
4.44 |
|
D/420/1 |
82.70 |
87.00 |
4.30 |
4.19 |
3.02 |
|
TIND32 |
26.40 |
34.80 |
8.40 |
8.37 |
4.98 |
|
TIND37 |
20.20 |
24.90 |
4.70 |
4.29 |
8.33 |
|
TNG0111R |
124.00 |
129.00 |
5.00 |
2.57 |
7.55 |
|
TUG120D |
28.60 |
33.20 |
4.60 |
4.57 |
4.74 |
|
TUG121D |
25.50 |
28.50 |
3.00 |
2.94 |
5.08 |
|
TUG122D |
28.60 |
30.85 |
2.10 |
2.10 |
6.12 |
|
TUG130D |
59.60 |
61.90 |
2.30 |
1.61 |
7.69 |
| |
|
|
|
|
|
|
LENS 4 |
|
|
|
|
|
|
Hole_Id |
From |
To |
Length |
True_Thickness |
g/t Au |
|
B15 |
170.99 |
174.04 |
3.05 |
1.94 |
4.93 |
|
C440-8 |
213.05 |
220.95 |
7.90 |
3.71 |
3.70 |
|
D/420/2 |
105.80 |
109.20 |
3.40 |
2.82 |
10.58 |
|
D/440/2 |
121.62 |
126.03 |
4.41 |
3.45 |
9.54 |
|
D/460/2 |
109.28 |
112.70 |
3.42 |
2.71 |
8.90 |
|
TNG0115R |
106.00 |
111.00 |
5.00 |
1.66 |
6.68 |
|
TNG0120R |
188.00 |
193.00 |
5.00 |
2.93 |
18.58 |
|
TUG124D |
39.40 |
40.85 |
1.45 |
1.45 |
96.24 |
|
TUG125D |
36.10 |
38.00 |
1.90 |
1.90 |
13.76 |
| |
|
|
|
|
|
|
LENS 5 |
|
|
|
|
|
|
Hole_Id |
From |
To |
Length |
True_Thickness |
g/t Au |
|
452F |
28.80 |
34.14 |
5.34 |
3.14 |
5.33 |
|
B10 |
181.20 |
186.54 |
5.34 |
3.60 |
26.70 |
|
C440-8 |
225.15 |
238.00 |
12.85 |
6.10 |
4.27 |
|
D/405/2 |
142.40 |
144.40 |
2.00 |
1.33 |
22.26 |
|
D/440/2 |
132.75 |
134.47 |
1.72 |
1.34 |
11.35 |
|
D/450/2 |
153.40 |
156.00 |
2.60 |
1.63 |
8.52 |
|
D/460/1 |
97.05 |
100.56 |
3.51 |
3.35 |
3.36 |
|
D/480/1 |
105.00 |
107.10 |
2.10 |
1.99 |
11.09 |
|
TIND8 |
5.55 |
11.58 |
6.03 |
6.03 |
2.29 |
|
TIND26 |
15.93 |
16.60 |
0.67 |
0.63 |
54.20 |
|
TNG0110R |
77.00 |
79.00 |
2.00 |
1.00 |
13.54 |
|
TUG122D |
46.00 |
52.70 |
4.15 |
6.25 |
7.68 |
|
TUG123D |
47.75 |
50.00 |
2.25 |
2.13 |
5.43 |
|
TUG124D |
44.75 |
46.25 |
0.95 |
1.50 |
31.13 |
* Please click here for full table
