Cadiscor Drilling Extends Discovery and Flordin Gold Deposits at Depth
April 15 2008 - 8:00AM
Marketwired
MONTREAL, QUEBEC (TSX VENTURE: CAO)(FRANKFURT: DQN) is pleased
to announce the latest drill results from its 100%-owned Discovery
and Flordin properties:
Discovery Property, East Zone
Hole B-08-160A was drilled in January 2008 to test the depth
extension of the East Zone, 200 meters below Hole B-06-123, which
intersected 13.11 g/t Au over 5.4 meters at a depth of 600 meters,
as reported in a press release dated February 19, 2007.
Hole B-08-160A intersected 21.85 g/t Au over 1.0 meter at a
depth of about 800 meters below surface. This typical
Discovery-type mineralization confirms the extension at depth of
the East Zone.
Discovery Property, 1200E Sector
Based on the excellent results of the 2007-08 drilling program
on the 1200E Sector,Cadiscor has asked InnovExplo Inc. of Val-d'Or
to update the May 2007 NI 43-101 resource estimate for the
Discovery gold deposit. The updated estimate will include the 1200E
Sector, for which resources have not yet been calculated, as well
as the new drill results from the East Zone. The following table
presents some of the 2007 drill results for the 1200E Sector.
---------------------------------
Discovery Property 1200E Sector
---------------------------------
Hole # Core length Au
(m) (g/t)
---------------------------------
B-07-150A 2.97 14.10
---------------------------------
B-07-152 6.90 5.15
---------------------------------
B-07-154B 0.50 9.18
---------------------------------
B-07-157 2.00 7.71
---------------------------------
Flordin Property
Cadiscor drilled its first four holes totalling 1,500 meters to
test the Flordin deposit extensions between December 2007 and
February 2008.
The Flordin deposit contains historical mineral resources of
815,000 tonnes at a grade of 5.1 g/t Au. A qualified person has not
done sufficient work to classify this historical estimate as
current mineral resources under the NI 43-101. Cadiscor does not
rely on this historical estimate. In 1988, a 203-meter ramp was
excavated down to a depth of 50 meters to access the gold zones and
extract a 4,053 t bulk sample grading 4.71 g/t Au. The deposit
consists of four principal mineralized zones (B, D, E and S1/S2).
To date, one drill hole has tested the extension of the zones at
depths of greater than 200 meters.
Cadiscor's drill results are shown below. Zone B was intersected
in each of the four holes at its projected position in space, which
indicates excellent continuity to a depth of about 470 meters below
surface.
-----------------------------------------
Flordin Property
-----------------------------------------
Hole # Core length Au Zone
(m) (g/t)
---------------------------------------
FD07-01A 2.05 4.18 Zone E
---------------------------------------
FD07-01A 0.52 2.73 Zone B
---------------------------------------
FD07-01A 0.85 10.05 Zone S1/S2
---------------------------------------
FD07-02 3.00 2.52 Zone E
---------------------------------------
FD07-02 0.75 6.69 Zone D
---------------------------------------
FD07-02 1.15 14.51 Zone B
---------------------------------------
FD08-03 1.30 4.64 Zone B
---------------------------------------
FD08-04 1.00 2.91 Zone B
---------------------------------------
FD08-04 0.75 3.41 Zone S1/S2
---------------------------------------
The four holes intersected several mineralized zones, confirming
the lateral and depth extensions and the excellent exploration
potential of the property. The Flordin deposit remains open
laterally and to a depth of 470 meters.
The true width of the mineralized intervals has not yet been
determined. Sampled core was sawed in half, with one half sent to
ALS-Chemex-Chimitec of Val-d'Or (Quebec) and the other half kept
for future reference. A strict QA/QC program is followed that
includes mineralized standards, blanks and field duplicates.
Mr.Vincent Jourdain, P. Eng., Ph. D., is the qualified person as
defined by National Instrument 43-101. He has over 20 years of
experience in mining exploration. Mr. Vincent Jourdain prepared
this press release.
This press release contains forward-looking statements subject
to certain risks and uncertainties. There can be no assurance that
these statements will prove to be correct, and actual results and
future events could differ materially from those implied by such
statements. These risks and uncertainties are discussed in the
annual report filed with the securities commissions of Alberta,
British Columbia, Ontario and Quebec, and in the 10-KSB annual
report filed with the US Securities and Exchange Commission. The
Company does not undertake to publicly revise or update any such
statements on the basis of new Information, future events or any
other event.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts: Cadiscor Resources Inc. Michel Bouchard President
450-641-0775 mbouchard@bbhgm.com Cadiscor Resources Inc. Linda
Plante Investor Relations 866-774-7722 lplante@bbhgm.com
www.cadiscor.com
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