Blind Creek Resources Ltd.
TSX VENTURE : BCK

Blind Creek Resources Ltd.

July 12, 2011 08:57 ET

Blind Creek Completes Phase 1 Drill Program to Follow Up 2010 Rock Sample Assays That Included 263g/t (8.46 oz/t) Gold, 1350 g/t (43.4 oz/t) Silver, 4.15% Copper, 5.76% Lead and 1.94% Zinc

Drill Assays Pending

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2011) - Blind Creek Resources Ltd. (TSX VENTURE:BCK) ("the Company" or "Blind Creek") reports that it has completed the Phase 1 diamond drill program at the Wann River Project, which consists of mineral claims within the Tagish Lake claim group in the Atlin Mining Division in northwestern British Columbia. Phase 1 consisted of 17 NTW diamond drill holes for 3,300 meters designed to follow up on mineralized quartz rock grab and previous trench dump samples collected over an 800 meter by 180 meter corridor and assayed in 2010 with results that include 263 g/t (8.46 oz/t) gold, 1350 g/t (43.4 oz/t) silver, 4.15% copper, 5.76% lead and 1.94% zinc (see table below). Drill core is presently being cut and being sent to the lab and assay results will be released as soon as they are received.

Phase 1 drilling was carried out within the 800 meter by 180 meter corridor along what is thought to be the hanging wall of the Llewellyn Fault Zone and encountered sections of pervasive hydrothermal quartz stockwork systems and several quartz veins. The zone is thought to be open to the southwest, southeast and northeast, and as a result, a Phase 2 drill program is currently being designed and will be announced when plans are complete.

Sample Analysis Assays/Analyses Rock samples collected
ID Au Au 1 Au 2 Ag 1 Ag 2 Cu Pb Zn Mo over 800m strike
ppb (g/t) (g/t) (g/t) (g/t) (%) (%) (%) (%) Location
E83351 >1000 245 263 1360 1350 4.15 3.46 Lum#2 Trench dump
E83352 >1000 256 259 1200 1065 2.75 4.45 1.36 Lum#2 Trench dump
E83353 >1000 25.5 154 149 Lum#2 Trench dump
E83355 >1000 157 149.5 630 639 2.91 4.75 1.94 Lum#2 Trench dump
E83356 >1000 55 384 381 2.65 1.74 Lum#2 Trench dump
E83358 >1000 52.1 746 788 1.79 5.76 1.04 Lum#1 Trench dump
E83359 >1000 8.29 424 448 Trail Vein float
E83362 >1000 32.9 30.3 1180 3010 3.35 3.79 Trail Vein float
E83363 62.3 55.5 1.19 Trail Vein float
E83365 >1000 2.5 62.3 Brown Adit grab
E83370 415 126 River Vein, footwall
E83373 >1000 3.2 Lum #1 Trench dump
E83384 >1000 3.4 320 Dutch Vein chip/80 cm
E83386 >1000 1.2 184 Trail Vein chip/80 cm
E83395 >1000 15.9 440 1.04 Newfie Vein grab
E83396 >1000 5.2 116 Newfie Vein grab
65154 135 18.8 0.3 Lum #1 grab
65157 >1000 20.3 Lum #1 grab
65171 >1000 17.2 Trail Vein grab
All analyses, unless otherwise indicated, were performed by Eco Tech (Stewart Group)
Au 1, Ag 1 Eco Tech (Stewart Group) Assay
Au 2, Ag 2 ALS-Chemex Assay

The 2010 sampling program at the Wann River Project is believed to be multi-pulse, hydrothermal quartz vein system. Minerals observed in quartz on surface include tetrahedrite, chalcopyrite, galena, sphalerite, malachite, azurite, trace molybdenite, variable pyrite and associated trace arsenic with associated analytical gold and silver.

The Company began staking claims in 2004 around the historic Engineer Mine and in the historic Atlin placer gold camp in the Atlin Mining Division of northwestern British Columbia. The two claim groups now known as the Tagish Lake and Atlin claim groups have grown to a total of 116,868 hectares of contiguous mineral claims. The Wann River Project consists of mineral claims covering an area of 2,271 hectares within the Tagish Lake claim group and is located approximately 4 km south of the historic Engineer Mine.

The technical information in this News Release has been reviewed and approved by Nicholas Clive Aspinall, P.Eng., a qualified person as defined in National Instrument 43-101.

*oz/t = troy ounce per metric tonne conversion @ 0.03215

On behalf of the Board of Directors,

J. Frank Callaghan, President and CEO

This News Release contains forward-looking statements. Forward-looking statements are statements, which relate to future events and conditions and therefore involve inherent risks and uncertainties. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. All phases of the Company's operations are subject to environmental regulation and governmental approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. Mining is an inherently risky business with large capital expenditures and cyclical metals markets.

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

  • Blind Creek Resources Ltd.
    J. Frank Callaghan
    President and CEO
    (604) 669-6463 or Toll Free: 1-800 663-9688
    (604) 669-3041 (FAX)