Blind Creek Resources Ltd

November 14, 2011 08:30 ET

Blind Creek Reconnaissance Drilling Program Intersects Up To 11.3 g/t Gold and 226.0 g/t Silver near Atlin, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2011) - Blind Creek Resources Ltd. (TSX VENTURE:BCK) ("the Company" or "Blind Creek") reports that reconnaissance drilling at the Wann River Project in the Atlin Mining Division of northern British Columbia intersected multiple gold and silver veins grading up to 11.3 g/t gold and 226 g/t silver over 1 meter intersections, 4 kilometres south of the past producing and historic Engineer gold-silver mine.

The 17 hole, 3,325 metre reconnaissance drill program, occurred in a zone containing seven newly re-discovered quartz vein systems within an 800 metre by 180 metre prospective corridor adjacent to Wann River. Drilling took place from five separate drill pads (WR1 to WR5), set up over a 700 metre NW-SE trend. Targets in the Company's extensive claim holdings will be for a bulk tonnage gold-silver mesothermal quartz stockwork porphyry type system as well as a high grade gold-silver epithermal quartz vein system.

J. Frank Callaghan, President and CEO states, "It is exciting to have hit multiple occurrences of gold and silver mineralized quartz veins in these initial reconnaissance drill holes."

Data from 13 drill holes has been received of which nine indicated mineralized intersections. Data from three holes remain to be received; one hole (WR05-01-11) was not analyzed. Holes drilled ranged from vertical to -50 dips; drill directions were 30, 70, 210 or 250 degree azimuths.

Drilled rock intercepts include metamorphosed medium grained granodiorite, metamorphosed fine grained diorite and metamorphosed diorite, as well as un-metamorphosed fine to medium grained, slightly porphyritic quartz diorite. Multiple quartz stock works sections are present as well as quartz vein intersections up to 3 metres in length. True widths of the intercepts will be determined after additional drill holes are completed.

On surface, seven quartz vein systems host analytical gold and silver, as well as visible chalcopyrite, galena, sphalerite, tetrahedrite in addition to more rare molybdenite and arsenopyrite. Drill core indicates visible to trace amounts of these minerals generally in one metre intercepts with sharp cut-offs.

Highlights include:

Diamond Drill From To Interval Analyses Assays CALC. MEAN AV.
Hole # (m) (m) (m) Au ppb Ag ppm Au g/t Ag g/t Au ppm Ag ppm
Drill pad WR-01
WR-01-01-11 33.85 35 1.15 >1000 8.6 1.2
WR-01-02-11 33.00 34 1 >1000 20.6 2.34
39.62 40.2 0.58 990 48.2 56.2
WR-01-03-11 73 74 1 >1000 15.8 1.2
147 148 1 >1000 >50 3.47 226
147 149 2 2.05 120
WR-01-04-11 31 32 1 >1000 13 1.44
32 33 1 >1000 42.4 3.85
WR-01-04-11 31 33 2 2.6 27.5
71 72 1 >1000 >50 4.45
Drill pad WR-02 (170 m SE of Pad WR-01)
WR-02-01-11 60 61 1 >50 138
Drill pad WR-03 (65 m SW of Pad WR-01)
WR-03-02-11 45 46 1 >1000 44.4 2.29
78 79 1 >1000 >50 11.3 76.2
77 80 3 3.77 17.6
112 113 1 >1000 25.4 2.5
WR-03-03-11 118 119 1 >1000 35.2 3.21
127 128 1 >1000 45.8 4.15
128 129 1 >1000 47.2 1.69
127 129 2 2.92 46.5
WR-03-04-11 186 187 1 >50 63.8
187 188 1 43.6
188 189 1 28.6
189 190 1 32.6
186 190 4 42.15
Drill pad WR-04 (253m NW of Pad WR-01)
WR-04-01-11 151 152 1 >1000 >50 11.3 94.8
155 156 1 >1000 7.6 1
164.6 166 1 >1000 16 1.26
151 155 5 2.504 22.8
151 166 15.59 1.05 9.62

Drill core processing included descriptive logging and sampling for geochemical analyses. The NTW size drill core was diamond sawed in two halves at the Company's rented facilities in Atlin, BC. After sample preparations were completed, sample pulps were forwarded to Eco Tech Laboratory Ltd. in Kamloops, B.C. for ICP 28 element analysis, geochemical gold analysis and fire assay when returns are over 1000 ppb Gold. Analysis/Assays are made on requested 50 gram sample.

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

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 north western British Columbia. The two claim groups, now known as the Tagish Lake and Atlin claim groups, have grown to a total of 139,081 hectares of mineral claims. The Wann River project consists of mineral claims covering an area of 2,271 hectares within the Tagish Lake claim group; it is located approximately four kilometres south of the historic Engineer mine. The project area is accessible to sealed roads which lead to the Alaska Highway, including the White Pass Rail route to Skagway, Alaska, via 80 kilometres on navigable Tagish Lake.

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)