Niblack Mining Corp.
TSX VENTURE : NIB

Niblack Mining Corp.

December 18, 2007 06:30 ET

Niblack Mining Corp.: Surface Sampling Yields 15.4% Copper, 14.6% Zinc and 5.72 g/t Gold at the Cayenne VMS Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2007) - Niblack Mining Corp. (TSX VENTURE:NIB) (the "Company") is pleased to announce results from surface exploration work completed at the Cayenne property, located 20 kilometres north of the Niblack Project on Prince of Wales Island, southeast Alaska. Similar to the Niblack project, the Cayenne property is a volcangenic massive sulphide (VMS) target, located near tidewater in an area of historic production, and is 100 percent owned by the Company. The Cayenne property has seen very limited exploration activity since 1907, when the former producing Khayyam and Stumble-On deposits ceased operations.

Work completed by the Company in 2007 includes reconnaissance geological work, limited rock sampling and a CSAMT geophysical survey, a high-resolution resistivity mapping tool effective at detecting conductive sulphide mineralization in the subsurface. The CSAMT survey was completed on four survey lines for a total of 2.5 line kilometres. Multiple strong conductors were identified at depth, some of which correlate well with known sulphide lenses mined near surface, while others may represent new sulphide lenses. Chip sampling across a two metre wide surface outcrop of massive sulphide yielded 9.66% zinc, 0.88% copper, 6.2 g/t silver and 0.30 g/t gold. Sampling of 0.3 to 0.5 metre boulders from the mine dump assayed up to 14.6% zinc, 15.4% copper, 109 g/t silver, and 5.72 g/t gold.

Results of four samples collected for assay are listed below:



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Cu Zn Ag Au
Sample# Description (%) (%) (g/t) (g/t)
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C217620 2 metre chip sample of massive sulphide 0.88 9.66 6.2 0.30
(true thickness)
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C217621 Boulder of massive pyrrhotite from mine 1.27 0.16 6.2 0.26
dump
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C217622 Boulder of sulphide veined host rock 1.37 0.41 6.1 1.03
from mine dump
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C217623 Boulder of massive sulphide ore from 15.4 14.6 109 5.72
mine dump
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Mineralization at the Cayenne property consists of at least six near vertical stratiform massive and semi-massive sulphide lenses of coarse grained pyrite, chalcopyrite, sphalerite, and pyrrhotite. Sulphide lenses are elongate and are as much as 6 metres thick and 170 metres long. The Stumble-On deposit is located 1.5 kilometres east and along strike from Khayyam. Potential for discovery below the existing mine workings and between the two deposits is high. The Company looks forward to carrying out additional work on the Cayenne property in 2008, with plans to drill several of the new geophysical anomalies.

About the Company

Niblack Mining Corp. is a mineral exploration company engaged in advanced stage exploration of the gold, silver, copper, zinc Niblack volcanogenic massive sulphide (VMS) property located on Prince of Wales Island in southeast Alaska. The Company is carrying out underground and surface exploration programs that are designed to expand the Lookout Zone at depth. The Niblack property has excellent exploration potential and is particularly attractive due to its high precious metals content and year round tidewater access. Niblack is well capitalized with over $9 million in working capital to fund the current underground program.

A rigorous quality control and quality assurance protocol is utilized on the project including blank, duplicate and reference samples with each batch of assays. All samples were analyzed by fire assay and ICP at ALS Chemex Labs in Vancouver, B.C., Canada. Darwin Green, Vice President of Exploration for Niblack Mining Corp., is the Qualified Person for this exploration project.

To find out more about Niblack Mining Corp. (TSX VENTURE:NIB), visit our website at www.niblackmining.com.

On Behalf of the Board

NIBLACK MINING CORP.

Paddy Nicol, MBA, President

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Niblack Mining Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Niblack Mining Corp.
    Fraser Adams
    Corporate Inquiries
    (604) 484-5045 or Toll Free: 1-888-784-5045
    or
    Niblack Mining Corp.
    Bill Gillies
    Corporate Inquiries
    (604) 484-5045 or Toll Free: 1-888-784-5045
    (604) 684-0279 (FAX)
    Email: info@niblackmining.com
    Website: www.niblackmining.com