Carpathian Gold Inc.
TSX : CPN

Carpathian Gold Inc.

February 17, 2009 09:09 ET

Carpathian Drilling Intersects 21.8 m of 2.91 g/t Au, Including 1.8 m of 22.0 g/t Au on the RDM Gold Project, Brazil

TORONTO, ONTARIO--(Marketwire - Feb. 17, 2009) - Carpathian Gold Inc. (TSX:CPN) (the "Corporation" or "Carpathian") is pleased to announce the balance of the results from its 2008 diamond drill program on the 100% owned Riacho Dos Machados gold project ("RDM") located in Minas Gerais State, Brazil. This project was acquired by the Corporation in October, 2008 (see press release dated Oct. 30, 2008) and the diamond drill program comprising 64 drill holes for a total of 11,277 m. was completed in late 2008. Results from 47 drill holes were previously reported (see press releases dated Nov. 4 and Jan. 12) and the remaining 17 drill holes from the 2008 drill program are reported herein. In addition, results from the re-sampling program for another 40 diamond drill holes completed by the previous operator prior to 1996, Companhia Vale do Rio Doce ("Vale"), are also reported. Results from an additional 42 re-sampled Vale drill holes are pending and will be reported in the near future.

Drill results from the current program continue to demonstrate strong gold mineralization below the existing shallow open-pit (maximum 60 m), which in addition to confirming historical drill results from Vale, highlight significant widths of gold mineralization at open-pit grade as demonstrated in drill hole FRM-48 which intersected 21.8 m at 2.91 g/t Au.

Highlight assay intersections received (since last press release dated Jan. 12, 2009) are listed below. All of these results represent the portion of the mineralized zone that is considered to be accessible through the deepening of the open-pit. The gold mineralization occurs in a shear zone with the existing open-pit developed over a strike length of 1,350 m and to the depths corresponding to the top of fresh non-oxidized rock. A complete list of the most recent assay results can be found at the end of this press release. A map showing the location of the drill holes completed can be found on the Corporation's website at www.carpathiangold.com.

i) North Pit Area (known as Area V)

- 21.8 m at 2.91 g/t Au including 1.8 m of 22.0 g/t Au (hole FRM-48)

- 5.9 m at 5.52 g/t Au (hole FRM-63)

- 12.5 m at 3.57 g/t Au (hole F-46, re-sample drill core from Vale program)

- 10.4 m at 1.83 g/t Au including 3.5 m of 4.33 (hole F-76, re-sample drill core from Vale program)

ii) Central Pit Area (known as Area IV)

- 14.3 m at 2.92 g/t Au (hole FRM 51)

- 18.3 m at 2.50 g/t Au including 1.8 m of 15.25 g/t Au in (hole FRM-55)

- 9.2 m of 2.73 g/t Au including 3.8 m of 5.55 g/t Au (hole F-47, re-sample drill core from Vale program)

- 12.8 m at 3.04 g/t Au (hole F-115, re-sample drill core from Vale program)

- 15.5 m at 1.62 g/t Au including 6.0 m of 2.09 (hole F-107, re-sample drill core from Vale program)

iii) South Pit Area (known as Area III)

- 20.2 m at 2.08 g/t Au (hole FRM-53)

- 14.1 m at 2.07 g/t Au including 3.7 m at 4.86 g/t Au (hole FRM-56)

- 8.8 m at 1.69 g/t Au (hole FRM-64)

- 11.1 m at 2.86 g/t Au (hole F-66, re-sample drill core from Vale program)

- 16.1 m at 1.76 g/t Au including 5.7 m of 2.20 g/t Au (hole F-127, re-sample drill core from Vale program)

Notes: Widths are approximate true thicknesses.

"As shown in our earlier results, the balance of the drill assay results continues to remain excellent and along with the results from the metallurgical test work support our vision for near-term production potential of open-pit operation along a strike length of approximately 2 km", said Dino Titaro, President and CEO. "The geological modeling for a NI 43-101 compliant resource estimate is essentially complete and the detailed verification of data and the resource estimation is underway. This will be followed by a preliminary economic assessment study."

The drill program completed by the Corporation in the fourth quarter of 2008 focused on the area of the previous open-pit operation along the known 1,350 m long gold zone and down to a vertical depth of approximately 200 m below the existing open-pit. In addition, drilling south of the open-pit has extended the gold mineralization 500 m along strike. The primary objective of this program is to obtain sufficient drill data to validate previous drill results, extend the gold zone along strike and define sufficient mineralization at an open-pit gold grade to justify deepening the current open-pit by approximately 200 m. The current drill program's results along with verification re-sampling of Vale drill core, are being used in an ongoing NI 43-101 compliant resource estimate.

The RDM gold project is a 22,000 hectare land parcel, comprising 12 Exploration Licenses and one Mining Concession,that covers a 20 kilometre long north-south shear zone. The Mining Concession hosts a past producing open-pit gold mine, which was previously operated by Vale between 1986 and 1997 from which oxide gold ore was mined to maximum depths of 60 m below the surface.

In 1996, the previous operator Vale, defined a 'historical resource' (non NI 43-101 compliant) of un-oxidized gold mineralization below the shallow open pits which mined oxide gold mineralization (see press release dated Nov. 4, 2008 and NI 43-101 Technical Report on the property dated February 29, 2008 and filed on www.sedar.com). The gold mineralization at RDM is shear zone hosted, within a package of Precambrian aged metamorphic rocks. This shear zone strikes 20 degrees and dips 40 to 50 degrees west. The gold mineralization is known to be continuous over a strike length of 1,350 m and open at depth to greater than 550 m at the RDM mine-site. The recently completed 2008 drilling program has demonstrated that this mineralization is now continuous for a strike length of at least 2,000 m.

Metallurgical Test Work Results

Three 50 kilogram samples were collected from fresh drill core throughout the mineralized zone for bench scale mineral process test work performed by SGS Geosol Laboratories in Belo Horizonte, Brazil. The average head grade of the test samples ranged from 1.7 to 2.2 g/t Au. The test work results showed that the gold could be recovered utilizing a standard crushing, wet milling, and cyanide leaching circuit. The samples were ground to a product particle size of 80% passing 200 mesh (74 microns). The average gold extraction achieved after 24 hours of leaching with cyanide was 90.5% without carbon and 90.7% with carbon. The cyanide consumption was low at about 1.8 kg per tonne of ore.

Sample Protocol

All samples are half-core from split NQ drill core sampled on a metre by metre basis through the mineralized zone and into surrounding altered rock. Re-sampling of Vale drill core utilizes mostly quarter-core samples. All drill core samples collected from Brazil are prepared and analyzed at the independent ISO Certified ALS Chemex laboratory, located near Belo Horizonte, Brazil using industry standard fire assay techniques for gold on 50-gram sample charges with AAS finish. Coarse blanks, pulp blanks, pulp duplicates, and known gold standards are inserted on a routine basis. They consist of 12% per cent of submitted samples. In addition, on a periodic basis 3% of the crusher rejects are re-submitted and a minimum of 3% of the pulps will be analyzed at the ISO Certified SGS Laboratory near Belo Horizonte, Brazil for check assays.

Mr. Titaro is the qualified person (as defined in NI 43-101) overseeing the design and implementation of the present exploration programs. He is responsible for preparing the technical information contained in this news release.

The Corporation is a mineral exploration company focused on gold exploration primarily on its property in Romania as well as gold exploration and development on its development-stage property in Brazil. The Corporation has 207,278,454 shares outstanding.

Forward-Looking Statements: This press release includes certain statements that may be deemed "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", and other similar words, or statements that certain events or conditions "may" or "will" occur. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Corporation expects, are forward-looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurance that forward-looking statements will prove to be accurate, as results and future events could differ materially from those anticipated statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Table I. Diamond drill hole assay intersections from Carpathian drilling at the RDM project, Minas Gerais, Brazil.



-------------------------------------------------------------
True
Drill From To Length Thickness Au
Hole Area (m) (m) (m) (m) (g/t)
-------------------------------------------------------------
FRM-36 III 216.5 232.5 16.0 14.1 1.96
-------------------------------------------------------------
Incl. 217.5 224.5 7.0 6.2 3.78
-------------------------------------------------------------
237.5 242.5 5.0 4.4 3.27
-------------------------------------------------------------
249.5 254.5 5.0 4.4 1.58
-------------------------------------------------------------
FRM-37 IV 39.0 41.0 2.0 1.6 1.28
-------------------------------------------------------------
56.0 59.0 3.0 2.5 5.71
-------------------------------------------------------------
99.0 103.0 4.0 3.4 4.33
-------------------------------------------------------------
FRM-46 III 230.0 233.0 3.0 2.8 1.65
-------------------------------------------------------------
FRM-47 III 45.4 50.4 5.0 3.9 1.20
-------------------------------------------------------------
FRM-48 V 124.9 149.9 25.0 21.8 2.91
-------------------------------------------------------------
Incl. 135.9 139.9 4.0 3.5 12.96
-------------------------------------------------------------
Also 135.9 137.9 2.0 1.8 22.00
-------------------------------------------------------------
FRM-51 IV 79.0 96.0 17.0 14.9 2.11
-------------------------------------------------------------
Incl. 93.0 96.0 3.0 2.6 4.73
-------------------------------------------------------------
101.0 117.0 16.0 14.3 2.92
-------------------------------------------------------------
Incl. 101.0 103.0 2.0 1.8 11.70
-------------------------------------------------------------
FRM-53 III 192.0 214.0 22.0 20.2 2.08
-------------------------------------------------------------
Incl. 202.0 204.0 2.0 1.8 5.05
-------------------------------------------------------------
FRM-54 III 214.0 216.0 2.0 1.8 5.20
-------------------------------------------------------------
238.0 246.0 8.0 7.3 2.03
-------------------------------------------------------------
Incl. 242.0 243.0 1.0 0.9 8.01
-------------------------------------------------------------
FRM-55 IV 149.0 151.0 2.0 1.8 3.86
-------------------------------------------------------------
178.0 198.0 20.0 18.3 2.50
-------------------------------------------------------------
Incl. 194.0 196.0 2.0 1.8 15.25
-------------------------------------------------------------
FRM-56 III 251.0 266.0 15.0 14.1 2.07
-------------------------------------------------------------
Incl. 261.0 265.0 4.0 3.7 4.86
-------------------------------------------------------------
FRM-57 IV/V 168.0 172.0 4.0 3.5 2.40
-------------------------------------------------------------
FRM-58 IV 20.0 22.0 2.0 1.6 2.62
-------------------------------------------------------------
36.0 39.0 3.0 2.5 1.29
-------------------------------------------------------------
60.0 68.0 8.0 6.7 1.17
-------------------------------------------------------------
FRM-59 V 118.0 120.0 2.0 1.9 1.14
-------------------------------------------------------------
124.0 126.0 2.0 1.9 2.40
-------------------------------------------------------------
and 133.0 134.0 1.0 1.0 18.90
-------------------------------------------------------------
FRM-60 III 78.5 83.5 5.0 4.2 3.53
-------------------------------------------------------------
Incl. 80.5 81.5 1.0 0.8 11.65
-------------------------------------------------------------
FRM-61 III 55.0 58.0 3.0 2.6 1.13
-------------------------------------------------------------
74.0 82.0 8.0 7.0 1.53
-------------------------------------------------------------
FRM-63 V 128.4 134.4 6.0 5.9 5.52
-------------------------------------------------------------
Incl. 132.4 134.4 2.0 2.0 8.29
-------------------------------------------------------------
FRM-64 III 83.7 86.7 3.0 2.6 1.44
-------------------------------------------------------------
104.7 114.7 10.0 8.8 1.69
-------------------------------------------------------------
Incl. 112.7 114.7 2.0 1.8 6.35
-------------------------------------------------------------

Notes: Assay intersections are calculated using a 0.30 g/t Au cut-off and
maximum allowable dilution of three consecutive metres at less than 0.30 g/t
Au. NSI equals no significant intersection. Drill hole details i.e. Azimuth,
declination and total depth are shown in Drill Hole Descriptions in Table
III below.



Table II. Diamond drill hole assay intersections from Carpathian re-sampling and assay of diamond core drilled by Vale at the RDM project, Minas Gerais, Brazil.



-------------------------------------------------------------
True
Drill From To length Thickness Au
Hole Area (m) (m) (m) (m) (g/t)
-------------------------------------------------------------
F-37 V 48.0 57.0 9.0 7.9 1.20
-------------------------------------------------------------
Incl. 54.0 57.0 3.0 2.6 2.17
-------------------------------------------------------------
F-38 III 81.0 86.0 5.0 4.7 1.16
-------------------------------------------------------------
F-39 III 36.0 48.0 12.0 10.0 1.95
-------------------------------------------------------------
Incl. 36.0 38.0 2.0 1.7 6.12
-------------------------------------------------------------
55.0 59.0 4.0 3.7 1.16
-------------------------------------------------------------
F-45 V 24.0 25.0 1.0 0.9 2.04
-------------------------------------------------------------
F-46 V 56.0 70.0 14.0 12.5 3.57
-------------------------------------------------------------
Incl. 61.0 63.0 2.0 1.8 18.66
-------------------------------------------------------------
F-47 IV 26.0 34.0 8.0 6.1 1.40
-------------------------------------------------------------
47.0 59.0 12.0 9.2 2.73
-------------------------------------------------------------
Incl. 50.0 55.0 5.0 3.8 5.55
-------------------------------------------------------------
F-49 V NSI
-------------------------------------------------------------
F-52 IV 68.0 73.0 5.0 4.1 1.57
-------------------------------------------------------------
F-59 IV 10.0 19.0 9.0 7.0 2.70
-------------------------------------------------------------
Incl. 15.0 17.0 2.0 1.5 6.10
-------------------------------------------------------------
26.0 28.0 2.0 1.6 7.23
-------------------------------------------------------------
35.0 38.0 3.0 2.5 3.51
-------------------------------------------------------------
50.0 59.0 9.0 7.8 2.03
-------------------------------------------------------------
F-61 III 101.0 106.0 5.0 4.2 1.37
-------------------------------------------------------------
121.0 122.0 1.0 0.9 7.99
-------------------------------------------------------------
F-66 III 40.0 45.0 5.0 4.3 1.68
-------------------------------------------------------------
66.0 78.0 12.0 11.1 2.86
-------------------------------------------------------------
Incl. 66.0 69.0 3.0 2.8 8.74
-------------------------------------------------------------
F-76 V 82.0 94.0 12.0 10.4 1.83
-------------------------------------------------------------
Incl. 89.0 93.0 4.0 3.5 4.33
-------------------------------------------------------------
98.0 100.0 2.0 1.8 3.19
-------------------------------------------------------------
F-77 V 82.0 84.0 2.0 1.6 4.77
-------------------------------------------------------------
F-79 V 39.0 42.0 3.0 2.5 2.34
-------------------------------------------------------------
63.0 75.0 12.0 10.1 1.57
-------------------------------------------------------------
Incl. 63.0 65.0 2.0 1.7 4.95
-------------------------------------------------------------
F-82 V 128.0 133.0 5.0 4.9 1.49
-------------------------------------------------------------
142.0 149.0 7.0 6.9 3.44
-------------------------------------------------------------
F-89 V 81.0 82.0 1.0 0.9 23.70
-------------------------------------------------------------
F-90 V 74.0 79.0 5.0 4.5 1.32
-------------------------------------------------------------
F-94 V NSI
-------------------------------------------------------------
F-98 V 229.0 234.0 5.0 5.0 1.90
-------------------------------------------------------------
F-104 III 72.0 75.0 3.0 2.6 1.18
-------------------------------------------------------------
90.0 94.0 4.0 3.7 2.49
-------------------------------------------------------------
F-105 III 96.0 105.0 9.0 6.7 1.33
-------------------------------------------------------------
115.0 116.0 1.0 0.8 5.42
-------------------------------------------------------------
F-106 III 104.0 108.0 4.0 3.5 1.20
-------------------------------------------------------------
114.0 124.0 10.0 9.0 1.69
-------------------------------------------------------------
F-107 IV 129.0 147.0 18.0 15.5 1.62
-------------------------------------------------------------
Incl. 129.0 136.0 7.0 6.0 2.09
-------------------------------------------------------------
F-110 IV 159.0 162.0 3.0 2.7 2.47
-------------------------------------------------------------
177.0 187.0 10.0 9.1 1.39
-------------------------------------------------------------
F-111 IV NSI
-------------------------------------------------------------
F-113 IV 121.0 123.0 2.0 1.8 10.34
-------------------------------------------------------------
163.0 167.0 4.0 3.7 1.13
-------------------------------------------------------------
F-115 IV 131.0 134.0 3.0 2.5 9.14
-------------------------------------------------------------
137.0 140.0 3.0 2.5 1.26
-------------------------------------------------------------
150.0 165.0 15.0 12.8 3.04
-------------------------------------------------------------
Incl. 150.0 153.0 3.0 2.6 7.34
-------------------------------------------------------------
F-118 IV 101.0 111.0 10.0 9.4 1.35
-------------------------------------------------------------
Incl. 109.0 111.0 2.0 1.9 4.00
-------------------------------------------------------------
F-119 IV 224.0 231.0 7.0 6.6 1.29
-------------------------------------------------------------
242.0 246.0 4.0 3.8 1.02
-------------------------------------------------------------
F-121 IV 111.0 123.0 12.0 10.9 1.36
-------------------------------------------------------------
Incl. 116.0 119.0 3.0 2.7 2.94
-------------------------------------------------------------
F-123 IV 251.0 256.0 5.0 4.5 2.20
-------------------------------------------------------------
F-124 IV 203.0 204.0 1.0 0.9 20.30
-------------------------------------------------------------
F-125 III 210.0 226.0 16.0 14.4 1.25
-------------------------------------------------------------
F-126 III 176.0 178.0 2.0 1.9 8.77
-------------------------------------------------------------
206.0 210.0 4.0 3.8 2.31
-------------------------------------------------------------
F-127 III 185.0 202.0 17.0 16.1 1.76
-------------------------------------------------------------
Incl. 186.0 192.0 6.0 5.7 2.20
-------------------------------------------------------------
F-128 III 202.0 207.0 5.0 4.8 2.50
-------------------------------------------------------------
Incl. 205.0 207.0 2.0 1.9 4.17
-------------------------------------------------------------
F-129 South Ext. 213.0 215.0 2.0 1.8 3.27
-------------------------------------------------------------
F-130 South Ext. 232.0 235.0 3.0 3.0 6.92
-------------------------------------------------------------
F-139 IV 329.0 348.0 19.0 18.9 1.26
-------------------------------------------------------------
Incl. 346.0 348.0 2.0 2.0 4.52
-------------------------------------------------------------
F-140 IV 394.0 398.0 4.0 4.0 1.71
-------------------------------------------------------------

Notes: Assay intersections are calculated using a 0.30 g/t Au cut-off and
maximum allowable dilution of three consecutive metres at less than 0.30 g/t
Au. Drill hole details ie. Azimuth, declination and total depth are shown in
Drill Hole Descriptions in Table III below.


Table III. Drill Hole Details Table for drill holes completed by Carpathian at the RDM Project with label prefix FRM-xx. Also included are diamond drill holes completed by Vale from which Carpathian has re-sampled and assayed with drill hole prefix F-xx.



--------------------------------------------------------------------------
Area Northing(i) Azimuth(i) Declination Total Depth (m)
Drill Hole (degrees) (degrees)
--------------------------------------------------------------------------
FRM-36 III 9,775 270 -85 271.7
--------------------------------------------------------------------------
FRM-37 IV 10.230 270 -85 130.7
--------------------------------------------------------------------------
FRM-46 III 9,548 270 -85 260.2
--------------------------------------------------------------------------
FRM-47 III 9,493 0 -89 81.2
--------------------------------------------------------------------------
FRM-48 V 10,585 270 -85 170.9
--------------------------------------------------------------------------
FRM-51 IV 10,340 270 -85 160.8
--------------------------------------------------------------------------
FRM-53 III 9,830 270 -85 260.0
--------------------------------------------------------------------------
FRM-54 III 9,945 270 -85 279.9
--------------------------------------------------------------------------
FRM-55 IV 10,314 270 -80 241.5
--------------------------------------------------------------------------
FRM-56 III 10,000 270 -85 290.4
--------------------------------------------------------------------------
FRM-57 IV/V 10,400 270 -80 242.6
--------------------------------------------------------------------------
FRM-58 IV 10,182 270 -85 151.5
--------------------------------------------------------------------------
FRM-59 V 10,551 270 -62 172.1
--------------------------------------------------------------------------
FRM-60 III 9,613 270 -86 99.6
--------------------------------------------------------------------------
FRM-61 III 9,710 270 -83 111.2
-------------------------------------------------------------------------
FRM-63 V 10,667 270 -60 140.3
-------------------------------------------------------------------------
FRM-64 III 9,916 270 -85 154.6
-------------------------------------------------------------------------
F-37 V 10,638 NA -90 72.2
-------------------------------------------------------------------------
F-38 III 9,605 NA -90 105.5
-------------------------------------------------------------------------
F-39 III 9,975 265 -87 64.2
-------------------------------------------------------------------------
F-45 V 10,848 274 -88 30.7
-------------------------------------------------------------------------
F-46 V 10.676 NA -89 90.8
-------------------------------------------------------------------------
F-47 IV 10,172 NA -90 65.7
-------------------------------------------------------------------------
F-49 V 10,569 271 -97 78.1
-------------------------------------------------------------------------
F-52 IV 10,282 266 -84 80.8
-------------------------------------------------------------------------
F-59 IV 10,178 NA -89 93.2
-------------------------------------------------------------------------
F-61 III 9,988 NA -89 156.3
-------------------------------------------------------------------------
F-66 III 9,788 270 -86 104.0
-------------------------------------------------------------------------
F-76 V 10,743 NA -89 127.2
-------------------------------------------------------------------------
F-77 V 10,692 260 -88 145.0
-------------------------------------------------------------------------
F-79 V 10,642 253 -87 124.9
-------------------------------------------------------------------------
F-82 V 10,492 270 -87 162.5
-------------------------------------------------------------------------
F-89 V 10,793 272 -88 85.7
-------------------------------------------------------------------------
F-90 V 10,843 NA -89 98.4
-------------------------------------------------------------------------
F-94 V 10,595 270 -88 290.6
-------------------------------------------------------------------------
F-98 V 10,543 NA -89 266.3
-------------------------------------------------------------------------
F-104 III 9,753 270 -83 128.2
-------------------------------------------------------------------------
F-105 III 9,849 NA -90 147.6
-------------------------------------------------------------------------
F-106 III 9,944 270 -87 141.7
-------------------------------------------------------------------------
F-107 IV 10,127 NA -89 203.6
-------------------------------------------------------------------------
F-110 IV 10,174 254 -88 221.8
-------------------------------------------------------------------------
F-111 IV 10,225 269 -88 229.2
-------------------------------------------------------------------------
F-113 IV 10,272 NA -89 262.0
-------------------------------------------------------------------------
F-115 IV 10,330 272 -88 220.7
-------------------------------------------------------------------------
F-118 IV 10,174 259 -86 146.0
-------------------------------------------------------------------------
F-119 IV 10,287 NA -90 310.8
-------------------------------------------------------------------------
F-121 IV 10,376 NA -90 178.4
-------------------------------------------------------------------------
F-123 IV 10,175 269 -88 300.2
-------------------------------------------------------------------------
F-124 IV 10,084 NA -89 286.4
-------------------------------------------------------------------------
F-125 III 9,989 NA -89 301.2
-------------------------------------------------------------------------
F-126 III 9,887 280 -78 282.5
-------------------------------------------------------------------------
F-127 III 9,791 NA -89 258.8
-------------------------------------------------------------------------
F-128 III 9,692 NA -89 250.0
-------------------------------------------------------------------------
F-129 South Ext. 9,592 273 -87 258.9
-------------------------------------------------------------------------
F-130 South Ext. 9,490 NA -90 281.9
-------------------------------------------------------------------------
F-139 IV 10,090 NA -90 400.2
-------------------------------------------------------------------------
F-140 IV 10,330 263 -90 399.6
-------------------------------------------------------------------------

Notes: (i) All Northings are in local grid coordinates which are rotated 20
degrees west from true north. (i)All drill hole azimuths are local grid
azimuths, i.e. rotated 20 degrees west from true north.

The TSX does not accept responsibility for the adequacy or accuracy of this news release.

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