DOT Resources Ltd.
TSX VENTURE : DOT

DOT Resources Ltd.

October 11, 2007 06:00 ET

Diamond Drilling Planned for Dot Property, British Columbia

CALGARY, ALBERTA--(Marketwire - Oct. 11, 2007) - DOT Resources Ltd. (TSX VENTURE:DOT) ("DOT" or the "Corporation") is pleased to announce its 2007 exploration plans for the Dot porphyry copper +/- molybdenum, gold, silver property (the "Property") located 17 kilometres south of the Highland Valley Mining District, located in central British Columbia.

The exploration program, including diamond drilling, is expected to commence in the second half of October, 2007 pending receipt of approval for the Notice of Work application filed with the Ministry of Energy and Mines for the province of British Columbia. The exploration program is expected to take approximately eight weeks to complete.

Pursuant to an independent National Instrument 43-101 compliant report titled "TECHNICAL REPORT ON 2006 GROUND GEOPHYSICAL PROGRAM AND PREVIOUS EXPLORATION, INCLUDING DIAMOND DRILLING, DOT PROPERTY, BRITISH COLUMBIA, NICOLA MINING DIVISION, (the "Aurora Report") dated April 6, 2007 prepared by Aurora Geosciences Limited ("Aurora"), Aurora recommended a C$1.05 million exploration program consisting of diamond drilling, geophysical surveys and mapping and sampling. This report is filed on SEDAR in its entirety and can be viewed at www.sedar.com.

The Highlights of the Aurora Report are:

- The Dot Property covers four significant zones of Copper+Silver+Molybdenum +/- Gold mineralization in the southern portion of the Guichon Creek batholith (see Figure 1),

- A historical possible resource of 9.8 million tonnes at 0.46% Copper and 3.3 grams per tonne ("g/t") of Silver has been estimated for the property, and

- In 2006, a 21.0 kilometre ground geophysical program located three additional anomalies that are interpreted to represent zones of sulphide mineralization.

"We are looking forward to commencing the exploration of the Dot Property" said Elmer Stewart, President and Chief Operating Officer for DOT. "The advanced nature of this property indicated the potential for a new area within the Guichon Creek Batholith to host significant copper porphyry deposits."

2007 EXPLORATION PROGRAM

Four known zones of copper mineralization occur on the Property inside a northwest-southeast trending structural zone that crosses the Property. Geophysical surveys are planned within the interpreted structural trend to the northwest and southeast of the existing zones of copper mineralization exploring for other zones of copper mineralization.

The 2007 exploration program consists of geophysical surveys (Induced Polarization/Resistivity, total field magnetometer and Very Low Frequency - Electromagnetics ("VLF-EM")), mapping and sampling of outcrop and diamond drill testing of the geophysical targets located in 2006 and the Southeast and Northwest zones of copper mineralization.

The amount of bedrock exposed on the Property is estimated to be less than 1%. The porphyry style copper mineralization in the Guichon Baltholith is characterized by specific styles of alteration. Mapping and sampling of bedrock for evidence of copper mineralization and alteration patterns are planned over the entire Property.

Approximately 16 diamond drill holes are planned (from 2,500 to 3,500 metres ("m")) to test the:

a) strike extension of the Southeast zone of copper mineralization,

b) area between the Northwest and the Southeast zones of copper mineralization,

c) zones of interpreted sulphide mineralization located by the 2006 geophysical surveys, and

d) Vimy zone of copper mineralization

In-fill and confirmation drilling to validate the historical diamond drilling results on the Southeast and Northwest zones is also planned. Depending on the success of the diamond drilling, the total amount of metres to be drilled in 2007 could be increased.

The pertinent results of the Aurora Report were announced previously (see News Release dated April 19, 2007). A brief description of the information related to the Property is set out below;

Deposit Type and Mineralization

The four zones of copper mineralization located to date on the Property are classified as porphyry-style and show many similarities with the Bethlehem copper deposit located in the Highland Valley mining district. Copper mineralization consisting of native copper, chalcocite, bornite, chalcopyrite, and malachite occur as disseminations, along fractures and in veins in a broad northwest-trending zone of altered granodiorite. The zones of copper mineralization located to date show strong potassic +/- phyllic +/- argillic alteration.

Property Geology

The Property is located near the southeastern margin of the Guichon Creek batholith and is underlain by medium-grained hornblende monzodiorite to granodiorite of the Highland Valley phase and coarser-grained granodiorite and younger porphyry intrusive rocks, possibly of Chataway, Skeena, or Bethsaida affinity. Aplite dykes which show a spatially association with copper mineralization intrude along broad northwest trending fault zones and were intersected by the drilling in the Northwest and Southeast zones.

Historical Resource Estimates

A qualified person has not done sufficient work to classify the historical estimates as current resources. DOT is not treating the historical estimates as current mineral resources and the historical estimates should not be relied upon.

The historical estimates do not conform to the Canadian Institute of Mining and Metallurgy ("CIMM") standards of reporting pursuant to requirements under National Instrument 43-101 (NI "43-101"). As a result, the Corporation wishes to clarify that there are no mineral resources and no mineral reserves on the Property as such terms are defined under NI 43-101.

The historical resource estimates were completed by persons who would have been considered to be qualified persons at that time. The persons who prepared the historical resource estimations are not considered to be independent qualified persons as defined by the CIMM and NI 43-101.

Based on the historical estimates a possible resource of 1.29 million metric tonnes grading 0.56% copper was estimated for the Northwest zone and a possible resource of 8.54 million metric tonnes grading 0.44% copper was estimated for the Southeast Zone.

Aurora has reviewed the historical resource estimates and states "The Property shows a collective non NI 43-101 compliant inferred resource of 9.84 million tonnes at 0.46% copper and 3.03 g/t silver." and "The historical resource estimate presented by the Corporation is a reasonable interpretation of the quantity and grade of the mineralization present based on the amount of drilling completed on the various zones of mineralization".

Regional Structural Setting

The copper deposits within the Highland Valley mining district are hosted in a series of north and northwest striking regional scale structural zones. A similar structural trend is evident on the Property and hosts the Northwest zone, Southeast zone, Lower Vimy zone and the Copper zone.

Historical Exploration

The following summarizes historical exploration results for the four zones of copper mineralization located on the Property and the 2006 geophysical exploration program.

1. Northwest Zone

The Northwest Zone is a northwest trending, steeply to sub-vertical northeast dipping zone containing disseminated, fracture and vein controlled native copper, chalcocite, bornite, chalcopyrite and malachite mineralization. The zone has a minimum strike length of 270 m, a width of up to 55 m and has been drill tested to a depth of approximately 200 m. The mineralization in this zone remains open along strike and down dip.

2. Southeast Zone

The Southeast Zone is located several hundred metres southeast of the Northwest Zone. This zone has a minimum strike length of 450 m along strike, a width of 100 m, and has been drilled to a depth of 175 m deep. The mineralization is remains open along strike to the southeast and down dip. Bornite is the dominant copper mineral.

Drill hole 96-11 is the deepest hole on the Property and in addition to intersecting copper mineralization intersected the following intervals of molybdenum mineralization.



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From (m) To (m) Interval (m) Molybdenum (%)
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160.6 165.7 5.1 0.061
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185 211.4 26.4 0.075
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including 5.0 0.293
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227.7 236.0 8.0 0.602
------------------------------------------------------------
------------------------------------------------------------


Drill hole 96-11 is reported to have intersected a weighted average grade (0.1% copper cutoff) of 0.41% copper over the core interval from 166.7 m to 236.0 m (an interval of 69.3 m) essentially the same interval as the molybdenum mineralization. The true thickness of this mineralized interval cannot be estimated at this time.

3. Copper Zone

The Copper Zone is located approximately 100 m west of the Southeast Zone and has a minimum strike length of approximately 140 m, a width of 68 m and has been drilled to a depth of 130 m. The mineralization is open at depth and along strike to the southeast.

4. Lower Vimy Zone

This zone occurs about 200 m east of the Northwest Zone and is exposed in outcrop for approximately 100 m. This zone is estimated to be about 25 m wide. Historical exploration is reported to consist of trenching, drilling and two short adits into small high grade lenses of chalcopyrite, bornite and copper carbonate mineralization.

2006 Exploration

An Induced Polarization/Resistivity survey completed in the vicinity of the Northwest, Southeast, Copper and Vimy zones of copper mineralization located three additional zones of interpreted sulphide mineralization. These interpreted zones of sulphide mineralization exhibit a similar geophysical signature as the know zones of copper mineralization.

About DOT

DOT is a Canadian corporation currently focused on the exploration and development of its copper property in central British Columbia. The Corporation is planning to assess future copper and copper-gold properties for exploration and development opportunities throughout North and South America.

DOT is a spin out corporation established through a plan of arrangement from Alhambra Resources Ltd. (TSX VENTURE:ALH), a Canadian corporation. There are 41,500,001 DOT shares outstanding. An initial financing for C$2.3 million of working capital was completed on September 4, 2007.

DOT shares trades on the TSX Venture exchange under the symbol DOT. The Corporation's website can be accessed at www.dotresourcesltd.com.

Elmer B. Stewart, MSc. P. Geol., President of DOT, is the Company's nominated Qualified Person responsible for monitoring the supervision and quality control of the programs completed within the Dot Project. Mr. Stewart has reviewed and verified the technical information contained in this news release.

Forward-Looking Statements

This press release includes certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization, exploration results and timing and future plans, actions, objectives and achievements of Alhambra, are forward-looking statements. Resource estimates also are forward-looking statements as they constitute certain estimates and assumptions as to the mineralization that would be encountered if a deposit is developed and mined. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Important factors that could cause actual results to differ materially from Alhambra's expectations include fluctuations in gold prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits, the possibility of adverse developments in the financial markets generally, and other risks and uncertainties disclosed under the heading "Caution Regarding Forward-Looking Statements" and in other information released by Alhambra and filed with the appropriate regulatory agencies.

To view Figure 1 - Dot Property Location Map, please visit the following link: http://www.ccnmatthews.com/docs/dot1011.pdf

The TSX Venture Exchange Inc. has neither approved nor disapproved the information contained herein.

Contact Information

  • DOT Resources Ltd.
    Elmer B. Stewart
    President & Chief Operating Officer
    (403) 264-2647
    (403) 228-2855 (FAX)
    or
    DOT Resources Ltd.
    Ihor P. Wasylkiw
    Chief Information Officer
    (403) 264-2647
    (403) 228-2855 (FAX)
    Website: www.dotresourcesltd.com