Crazy Horse Resources Inc.

Crazy Horse Resources Inc.

February 02, 2011 09:30 ET

Crazy Horse Announces Completion of Confirmatory Drill Program With Results From Holes CZT007-10

MANILA, PHILIPPINES--(Marketwire - Feb. 2, 2011) - Crazy Horse Resources Inc. (TSX VENTURE:CZH) (the "Company") a Philippines based mineral exploration company, announces assays from the last four holes in aten-hole confirmatory drilling program on its Taysan copper-gold-silver porphyry project. These results complete the dataset to be used to confirm a 43-101 compliant resource on the Taysan deposit. This resource will be used as the basis for the scoping study due to be completed by the end of February.

The Company is continuing with drill definition of the Taysan deposit in order to establish a measured and indicated resource suitable to complete a bankable feasibility study. There are currently 5 drill rigs active on site.

A summary of the results from holes CZT007, 008, 009 and 010 are as follows:

CZT007  From To Interval Cu% Au g/T Ag g/T
  6.9 168 161.1 0.26 0.12 1.2
incl. 54 112 48 0.4 0.21 1.6
incl. 94 98 4 1.92 1.5 8.05
  192 450 258 0.16 0.06 0.7
CZT008 From To Interval Cu% Au g/T Ag g/T
  24.5 42 17.5 0.13 0.023  
  52 66 14 0.27 0.12 1
incl. 58 62 4 0.58 0.29 2.3
  116 152 36 0.15 0.06 0.5
  152 206 54 0.25 0.132 1.2
incl. 186 196 10 0.38 0.19 1.7
  206 228 22 0.12 0.043 1
  228 256 28 0.29 0.1 1.1
  328 444 116 0.22 0.12 0.6
incl. 404 410 6 0.36 0.18 0.9
  458 562 110 0.15 0.06  
CZT009 From To Interval Cu% Au g/T Ag g/T
  26 176 150 0.24 0.11 1.1
incl. 42 62 20 0.71 0.38 3.81
incl. 46 56 10 0.98 0.53 5.7
incl. 82 88 6 0.32 0.17 1.4
  228 462 234 0.22 0.09 0.36
incl. 258 292 34 0.34 0.12 0.07
  522 568 46 0.15 0.06  
CZT010  From To Interval Cu% Au g/T Ag g/T
  56 442 386 0.26 0.125 0.73
incl. 148 390 242 0.31 0.15 0.8
incl. 152 162 10 0.43 0.25 1.58
incl. 212 240 28 0.44 0.28 1.4
incl. 230 238 8 0.62 0.4 1.88
incl. 326 330 4 0.73 0.31 1.85
  448 502 54 0.14 0.09 1.4
  532 598 66 0.12 0.05  


Drilling is carried out by Quest Exploration Drilling (Philippines) Inc. using Edson 3000 and LF70 drill rigs and a triple tube diamond core drilling system. All holes were started in PQ (150-200m) then continued in HQ. All core was split using a diamond-bladed drill-core saw and always sampled from the (true) left side of the core. The remaining half of the core was sealed in plastic bags in a nitrogen atmosphere and stored in a covered, guarded core shed. Core samples were bagged in new polyethylene, UV stable plastic bags, sealed with a plastic tie, numbered outside and had a tag placed inside the bag. All samples were accompanied by Asian Arc personnel from site to the McPhar Laboratory under secure "Chain of Custody" procedures. Samples were crushed to 85% <2mm then 1kg was split out and pulverised in an LM2 Puck and Bowl Pulveriser to 90% <75um. Gold was assayed by Fire Assay (50g charge) with AAS finish (PM6). Cu, Ag, As, Pb, Zn, Mo, Al, Ca, Fe, K and S were assayed by 4 Acid Digest (HCl / HNO3 / HClO4 / HF) Ore grade analysis with ICP-AES finish (ICP-3). Sample rejects were returned from the McPhar Laboratory under secure "Chain of Custody" procedures by Asian Arc staff and also stored in the core shed in heat sealed plastic bags in a nitrogen atmosphere. McPhar Geoservices (Phil), Inc. is ISO 17025:2005 accredited and is a member of the International Intertek Laboratory Group.

Taysan Project

A copy of the National Instrument 43-101 ("NI 43-101") report by R.Sowerby, of Geosynthesis Pty Ltd. entitled "A Technical Review of Exploration and Resource Estimates of the Taysan Project, Batangas Province, Philippines", in collaboration with Mining Associates Inc. of Australia canbe viewed under the Company's profile on SEDAR (

The Project contains a drill defined copper-gold porphyry deposit, and is comprised of two mining exploration permits and three mining exploration permit applications (permits: EP-IVA-005 and EP-IVA-016, and permit applications: EPA-IVA-108, EPA-IVA-111 and EPA-IVA-081) over five contiguous claim blocks covering a combined total area of 11,254 hectares. The Project hosts a large and only partly explored copper-gold porphyry deposit similar to other copper-gold porphyry deposits previously mined in the Philippines. The Project is located in southern Luzon, Philippines in a well-developed mining province and readily accessible by road located 20km east of the provincial capital and deep-water commercial port of Batangas City. The Company is currently conducting a confirmatory scoping study under the management of AMEC Minproc Limited, which remains on track and on schedule.

Brian Lueck, Chairman of the Company, is the qualified person who has reviewed the geological data summarized in this news release on behalf of the Company. 


Johan Raadsma, President, CEO and Secretary

This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Crazy Horse Resources Inc. Statements regarding mineral exploration operations and objectives are subject to risk, including, but are not limited to, exploration and geologic risk, inflation and costs of goods and services, property title issues and regulatory approvals. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Crazy Horse Resources Inc. does not assume the obligation to update any forward-looking statement, except as required by applicable law.

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.

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