Playfair Mining Ltd.
TSX VENTURE : PLY

Playfair Mining Ltd.

July 17, 2008 11:21 ET

Playfair Mining: Exploration Update- Grey River Tungsten Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 17, 2008) - Playfair Mining (TSX VENTURE:PLY) is pleased to provide an update on the progress of the summer 2008 Grey River Tungsten deposit drill program, which is now near conclusion. Exploration completed so far, has successfully defined a significant down plunge zone of tungsten mineralization extending the #10 Vein Deposit at depth and to the north.

From the outset, the primary focus of the current drill program has been to test the down dip and northern strike extensions of the #10 Vein Tungsten deposit, particularly below the adit level. Visual observations of wolframite and scheelite mineralization within new drill core samples have extended tungsten mineralization an estimated 250 metres in a down plunge direction below the previously defined deposit (or about 160 metres vertically below the adit level). Currently, this newly discovered deposit extension zone appears to have a 45 degree plunge and is open to the north and at depth.

Photographs of these new tungsten-enriched core samples are available on Playfair's website at: http://www.playfairmining.com/s/GreyRiverTungsten.asp.

To date, the 2008 drill program totals about 3,670 metres of core drilling, with nine of ten planned holes having been completed. The final hole will be completed soon, to an estimated final depth of 300 metres. Playfair has received only partial analytical results for two of the early holes, with the balance of core samples still pending.

Early visual core interpretations from the 2008 program are beginning to greatly enhance Playfair's understanding of the Tungsten deposit. Playfair has moved forward significantly in its goal to increase the deposit's overall Tungsten resource.

Donald Moore, Playfair's Chairman and CEO, states, "We are pleased that our strategy to increase the size of Grey River high grade tungsten is yielding positive results. Our predecessors theorized that tungsten mineralization within the #10 Vein might plunge to the north from surface, our work has shows that they were correct."

Physical preparation work has started on the adit for the collection of the underground bulk metallurgical sample.

Michael Moore P.Geo is the Qualified Person who has reviewed the technical information contained in this News Release on behalf of Playfair.

Visit our website at www.playfairmining.com for more information.

ON BEHALF OF THE BOARD

D. Neil Briggs, President and Director

No Stock Exchange has Approved or Disapproved the Information Contained Herein.

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

Contact Information

  • Playfair Mining
    D. Neil Briggs
    President and Director
    (604) 687-7178 or Toll Free: 1-888-244-6644
    (604) 687-7179 (FAX)
    Website: www.playfairmining.com