Crazy Horse Resources Inc.
TSX VENTURE : CZH

Crazy Horse Resources Inc.

May 11, 2011 09:51 ET

Crazy Horse Drills 349.6m of 0.30% Copper, 0.10 g/t Gold and 1.1 g/t Silver, Expanding Mineralization at Depth From Holes CZT019-023

MANILA, PHILIPPINES--(Marketwire - May 11, 2011) -Crazy Horse Resources Inc. (TSX VENTURE:CZH) -

HIGHLIGHTS:

  • CZT021 drills 349.6m of 0.30% Cu, 0.10 g/t Au and 1.1 g/t Ag from 2.4m to 352m
    including 160m of 0.46% Cu, 0.15 g/t Au and 1.7 g/t Ag from 4m to 164m
  • CZT022 drills 580m of 0.25% Cu, 0.08 g/t Au, 0.6 g/t Ag from 66m to 646m
  • Deposit remains open and drilling continues with six diamond drill rigs.

Crazy Horse Resources Inc. (the "Company") a Philippines based mineral exploration company, announces assays from the nineteenth to twenty third holes of the feasibility drilling program on its Taysan copper-gold-silver porphyry project.

CZT022 assay results on section 19100N continue to confirm the depth extent of the ore body to 646m down hole.

CZT021 assay results on section 19460N extend the ore body on this section 28m from 324m to 352m while also continuing to confirm the existence of a deeper ore zone beneath current known ore in the 16.7m zone from 382m to 398.7m.

High grade zones in CZT021 and CZT022 will also help to refine the location of the >0.3% Cu wireframe models.

CZT020 assay results on section 19760N confirm the near surface ore body and extend the known ore body on this section in two zones. The near surface ore body is extended 31.5m from 86.5 to 118m and the deep ore body is extended 82m from 338m to 420m.

CZT020 assay results also extend the ore body 43m from 187m to 230m, joining up the two deeper ore zones on this section.

Johan Raadsma, President and CEO of Crazy Horse, states, "The on-going positive results further substantiate the Taysan deposit as reliable, predictable and growing deposit. Persistent silver grades are fantastic and we will further these toward a compliant resource."

A summary of the results from holes CZT019 to CZT023 is as follows:

CuAuAgCut-off
Drill Hole NoFromToInterval(%)(g/t)(g/t)(Cu %)
CZT0196282200.100.040.20.1
CZT019942721780.140.060.30.1
CZT019288320320.110.030.20.1
CZT019370382120.110.020.40.1
CZT01939640260.120.020.20.1
CZT02031118870.150.030.20.1
CZT020132144120.100.010.20.1
CZT0201724202480.130.030.30.1
CZT0212.4352349.60.300.101.10.1
includingCZT02141641600.460.151.70.3
and incl.CZT021627080.750.403.80.7
and incl.CZT021148158101.170.241.80.7
includingCZT021192206140.290.100.60.3
includingCZT021228244160.300.070.80.3
CZT021382398.716.70.140.030.20.1
CZT0223250180.120.050.40.1
CZT022666465800.250.080.60.1
includingCZT022126144180.500.380.60.3
and incl.CZT02212813460.890.741.50.7
includingCZT022220246260.470.041.00.3
and incl.CZT02223423841.120.071.60.7
includingCZT022298322240.410.100.90.3
and incl.CZT02230430840.810.162.10.7
includingCZT022354394400.350.090.90.3
includingCZT022408420120.310.090.50.3
includingCZT022434448140.280.080.60.3
includingCZT022498546480.300.100.80.3
includingCZT022578592140.320.091.20.3
CZT0233894560.100.050.40.1

To view Location Map please click on the following link: http://media3.marketwire.com/docs/CZH0511.pdf

Sampling Protocols

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 are started in PQ (150-200m) then continued in HQ. All core is 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 is sealed in plastic bags in a nitrogen atmosphere and stored in a covered, guarded core shed. Core samples are bagged in new polyethylene, UV stable plastic bags, sealed with a plastic tie, numbered outside and have a tag placed inside the bag. All samples are accompanied by Asian Arc personnel from site to the McPhar Laboratory under secure "Chain of Custody" procedures. Samples are crushed to 85% <2mm then 1kg is split out and pulverised in an LM2 Puck and Bowl Pulveriser to 90% <75um. Gold is assayed by Fire Assay (50g charge) with AAS finish (PM6). Cu, Ag, As, Pb, Zn, Mo, Al, Ca, Fe, K and S are assayed by 4 Acid Digest (HCl / HNO3 / HClO4 / HF) Ore grade analysis with ICP-AES finish (ICP-3). Sample rejects are 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 National Instrument 43-101 compliant technical report by Mining Associates dated effective March 11, 2011 and entitled "Mineral Resource Estimate and Preliminary Economic Assessment Taysan Project" can be viewed under the Company's profile on SEDAR (www.sedar.com).

The Taysan Project contains a copper-gold porphyry deposit with an inferred resource, 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-IVI-108, EPA-IVI-111 and EPA-IVA-081) over five contiguous claim blocks covering a combined total area of 11,254 hectares. The Taysan 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 Taysan 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 AMECMinproc 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.

ON BEHALF OF THE BOARD

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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