Highland Resources Inc.
TSX VENTURE : HI

Highland Resources Inc.

April 06, 2010 09:00 ET

Highland Reports Results of Seven Holes on the Foisey-Larson Target on the Rickaby Property

Assays Indicate a 1.3 km Au/Mo/Ag Zone That Remains Open Along Strike and Down Dip

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2010) - Highland Resources Inc. (the "Company") (TSX VENTURE:HI) is pleased to report assays results from the initial seven drill holes of its 2010 drill program (see the Company's news release February 1st, 2010). These seven holes were drilled on the Foisey-Larson gold target on the Rickaby Property (the "Property") in the Beardmore-Geraldton Gold Camp.

The Foisey Larson target was initially defined by positive channel sampling results from October and November 2009 work (see news release January 5th, 2010). This target was greatly expanded along strike by encouraging Induced Polarization ("IP") anomalies that appear to be directly associated with the known mineralization. A pattern of 7 holes totalling 1260.66 meters were drilled at the Larson-Foisey Zone.

An additional 5 holes have been drilled on the Rickaby property; assays are pending for these holes. The drill program is currently suspended awaiting the end of the spring thaw so that the remaining targets can be drilled. On recommencement of the drilling program holes are planned on the Zeus South, Zeus North, Kilometre 23 and Koch-Daneff target areas.

Foisey-Larson Zone Assay Results

Six of the seven holes drilled on the Larson-Foisey target intersected mineralization directly associated with disseminated pyrite in sheared granitic rocks. Five holes were drilled on an excellent Au/Mo/Ag target initially defined by positive channel sampling results from October and November 2009 work (Foisey-Larson Main Zone). The holes were drilled on a cut grid and are spaced between 175 and 475 meters apart along 1300 meters of IP anomalies. All five holes intersected significant Au/Mo/Ag mineralization with individual assay values up to 2.75 g/t gold over 0.50m and 0.38% Molybdenum over 0.49m. Drill intersection highlights include 8.18m of 0.86 g/t gold in hole FL10-01 and 11.25 meters of 0.75 g/t gold in FL10-02. The Company is very encouraged by the strike length of this zone and that it is still open for extension along strike and down dip. The Company believes the Foisey-Larson area has the potential to host a significant deposit.

One hole was drilled in the Foisey-Larson area on a new sub-parallel structure (Foisey-Larson #2 Target). This target is indicated by an IP anomaly over a strike length of 600m. This drill hole also intersected significant gold mineralization. This zone does not appear to have significant molybdenum with it. Both the Main Zone and the #2 Target remain open along strike.

The seventh hole in the Foisey-Larson drilling was targeted on a third IP anomaly (Foisey-Larson #3 target) and had no significant values. It may have been drilled over the top of the IP anomaly in the overburden portion of the hole.

Highland Resources Drilling Program 2010
Foisey-Larson Drill Holes
Hole # MAIN ZONE Grid Location Drill Intersection  
GridS GridW From (m) To (m) Width (m)* Au g/t Ag g/t Mo% Comment
FL-01   75S 3+25W 44.42 52.60 8.18 0.86 1.84 0.01  
    including 48.52 51.97 3.45 1.13 2.16 0.03  
FL-02   300S 3+25W 43.88 55.13 11.25 0.75 1.05 0.03  
    including 44.38 46.52 2.14 1.51 2.82 -  
    including 50.70 52.70 2.00 1.12 2.12 0.16  
FL-03   775S 3+75W 128.27 133.00 4.73 0.43 2.19 0.04  
    including 131.50 132.36 1.29 1.37 6.50 0.13  
      and 158.60 169.00 10.40 0.28 0.62 -  
    including 161.50 164.00 2.50 0.58 1.36 -  
FL-04   900S 2+50W 3.33 8.90 5.57 0.53 0.20 - Drill hole was collared inside the zone of mineralization
    including 5.90 7.40 1.50 1.51 0.50 -  
FL-06   1275S 3+00W 3.73 7.00 3.27 0.59 0.92 0.01 Drill hole was collared inside the zone of mineralization
    including 4.92 5.94 1.02 1.52 2.30 0.03  
 
Hole # Target #2 Grid Location Drill Intersection  
Grid North Grid West From (m) To (m) Width (m) Au g/t Ag g/t Mo% Comment
FL-05   1100S 4+62W 99.82 104.00 4.18 0.54 0.74 -  
    including 99.82 101.11 1.88 1.13 1.64 -  
      and 110.80 111.30 0.50 1.12 1.60 -  
 
Hole # Target #3 Grid Location Drill Intersection  
Grid North Grid West From (m) To (m) Width (m) Au g/t Ag g/t Mo% Comment
FL-07   1475S 5+00W No significant Assays Possibly overshot the IP target

*Holes were drilled to intersect the mineralized zones normal to the interpreted strike and dip of the zones. Based on drill core foliations true widths are interpreted to be 85-100% of drill intersections

Activation Laboratories Ltd. (Actlabs) carried out the sample analysis in their Thunder Bay, Ontario facility. Samples were subjected to Actlabs' RX1 sample preparation (Actlabs Geraldton preparation laboratory and Thunder Bay) which consists of crushing the entire sample to a nominal 10 mesh (1.7 mm) size, and pulverizing a 100 g sub-sample to 150 mesh (105 mm). A 30 g sub-sample of the pulverized sample was subjected to Actlabs' 1A2 analysis (Fire Assay with AA finish) and any analysis over 3000 ppb was re-assayed using Actlabs' 1A3 analysis (Fire Assay with gravimetric finish). Each sample was also analyzed using Actlabs' 1E3 analysis, which is an ICP/OES process for 37 elements. All samples collected were delivered directly to Activation Laboratories Ltd. Actlab's quality control system complies with ISO/IEC 17025 and CAN-P-1579.

The work program at the Rickaby property is designed and managed by GeoVector Management Inc. GeoVector is responsible for all aspects of the work including the quality control/quality assurance program. Insertion of Certified Standards and Blanks was carried out as part of the sampling procedures. All Standards and Blanks returned values within two standard deviations of the accepted values. Hole collars were located on cut grids and locations were verified with handheld GPS (UTM NAD83, Zone 16N). All holes were surveyed for down hole direction using a Reflex EZ-Shot survey instrument.

Humboldt Bay Property Airborne Survey Completed

The Company would also like to report that it has completed a detailed Airborne Survey on its Humboldt Bay Property in the Beardmore-Geraldton Gold Camp (see the Company's news release February 25th, 2010). AeroQuest International Limited completed 3348 line kilometres of the helicopter borne survey on March 25th using their AeroTem II system. The Company's geophysical consultants are currently assessing the magnetic and electro magnetic ("EM") data. Preliminary magnetic information suggests interesting structural targets proximal to historic gold mineralized zones. In addition several EM anomalies were defined by the program, and these are potentially related to volcanogenic massive sulphide or Ni/Cu deposits that are known to occur in the area surrounding the Humboldt Bay property. Ground follow-up of promising targets is planned once spring thaw conditions allow. Field crews are tentatively scheduled to mobilize to the property in late April.

The technical information contained in this news release has been verified by Joseph Campbell, P. Geo., President of GeoVector, who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Properties."

ON BEHALF OF THE BOARD

Roger Blair, President and Director

Neither the 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.

Contact Information

  • Highland Resources Inc.
    Roger Blair
    President and Director
    1-604-602-4935
    1-604-602-4936 (FAX)
    www.highlandresources.ca