Highpointe Exploration Inc.
TSX VENTURE : HIP

September 22, 2011 06:00 ET

Highpointe to Drill on Its Tasco Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2011) - Robert Coltura, President and CEO of Highpointe Exploration Inc. (TSX VENTURE:HIP) (the "Company") is pleased to announce that the Company has received the necessary permits to allow it to proceed with the recommended exploration program on its Tasco property located in the Taseko River area of British Columbia. The Company has engaged the services of More Core Drilling Ltd. to conduct the drill program. Discovery Consultants of Vernon, B.C. will manage the exploration program and supervise the drilling.

The proposed 3-hole 1,000 metre drill program will be drilled with an NQ2 core rig and will test the zone where previous drill results intersected 0.28% Cu and 0.023% Mo over 288.6 m in DDH 81-2 and intersected 0.23% Cu and 0.007% Mo over 100.6 m in DDH A-1. Also, a hole will be drilled to test a well-defined structurally controlled resistivity low, as defined by AeroTEM and ZTEM geophysical surveys. Each hole is estimated to test a depth of 350 metres to test for the expansion and depth of know historic zone of mineralization. This historical drilling combined with the results from the 2010 ZTEM airborne geophysical survey suggest that the property has good potential for porphyry copper type mineralization.

Robert Coltura states, "This property has similar characteristics to other porphyry deposits and occurrences that are located in the same general area including the Prosperity deposit of Taseko Mines."

Stephen B. Butrenchuk, P. Geol., Director of Highpointe, is the Qualified Person as defined by National Instrument 43-101, who has reviewed and approved the technical content of this report.

On behalf of the Board of Directors

HIGHPOINTE EXPLORATION INC.

Robert Coltura, President & Chief Executive Officer

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company 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 the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com.

Neither 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

  • Highpointe Exploration Inc.
    Robert Coltura
    President & Chief Executive Officer
    (604) 678-5308
    (604) 678-5309 (FAX)