Copper Reef Mining Corporation
CNQ : CZCC

Copper Reef Mining Corporation

March 27, 2008 11:28 ET

Copper Reef Intersects 175 Ft Near Solid Sulphides Within 213 Ft of Mineralization

TORONTO, ONTARIO--(Marketwire - March 27, 2008) - Copper Reef Mining Corporation ("Company") (CNQ:CZCC) is pleased to announce, that in drilling hole MN-08-59, on the Copper Reef Deposit, on its Mink Narrows Property in Manitoba, it has intersected 175 feet (core length) of solid to near solid sulphides in the mineralized Copper Reef Horizon. The hole first encountered the mineralization at 494 ft. and left the mineralization at 726 ft., with an unmineralized section (19 ft.) of volcanic and intrusive rock from 646 to 665. The true width of the mineralized intercepts has generally been in the range of 50 to 75% of the core lengths, estimated from adjacent holes and the general dip of the body. In the case of MN-08-59 and hole MN-08-55 the body is thicker in this area but also may have changed its dip slightly. The large intersection in MN-08-59 is located vertically from the 425 ft. level extending to the 690 ft. level, 225 to 490 ft beneath drill-hole MN-00-37, which intersected 27 feet of 3.08% Copper, 0.13 Zinc, 11.19 g/t Silver. This hole was drilled 100 feet west of MN-08-55 which intersected 92 feet of mineralized Copper Reef Horizon, including 32.5 feet of near solid sulphides as reported in Copper Reef's March 17, 2008 Press Release.

Holes MN-08-55 and 59 have tested the upper portion of a sparsely drilled target area with dimensions of 1000 feet by 700 feet. This area lies below the best grades intersected to date and above a very large off-hole Down Hole Pulse Electromagnetic (DPEM Large DPEM Anomaly). The main target area remains further east and at the 1000 foot level. Copper Reef intends to drill this anomaly shortly.

Photos of Drill holes MN-00-37, MN-08-46, MN 08-55 and this New Hole MN-08-59 (3 photos) can be seen on Copper Reef's Website www.copperreef.com under NEWS/Photos, as well as a sawn portion of MN-00-38 which assayed 4.17 % copper over 13.7 ft. The sulphide mineralization consists mainly of pyrite, pyrrhotite, chalcopyrite (a copper mineral) with minor sphalerite (a zinc bearing mineral) content. Previous news releases can also be viewed on Copper Reef's Web Site.

The Company is a Canadian junior mineral exploration company currently focused on the discovery of new zones and further expansion of known resources on its mineral properties in Northwest Manitoba and Northeast Saskatchewan, Canada.

Quality Control

The Company employs QA/QC protocol on all aspects of its analytical procedures, which was reported in detail in the press release of March 17, 2008. The Quality Control and all aspects of the exploration program are supervised by Copper Reef's Exploration Manager, Stephen Masson M.Sc. P.Geo., who is the qualified person, under National Instrument 43-101 and who has reviewed this press release.

On Behalf of the Board of Directors

Robert N. Granger QC, President and CEO

Some of the statements contained in this release are or may be considered forward-looking statements, such as estimates and statements that describe Copper Reef's future plans, objectives or goals, including words to the effect that Copper Reef or its management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

No securities regulatory authority has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Copper Reef Mining Corporation
    Bill Jackson
    CFO
    (416) 363-3456
    (416) 363-6032 (FAX)
    Website: www.copperreef.com