Reservoir Capital Corp.
TSX VENTURE : REO

Reservoir Capital Corp.

June 05, 2007 08:30 ET

Reservoir Confirms High-Grade Assay Results and Announces Further Drilling at Brestovac

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 5, 2007) - Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO) is pleased to provide an update on the analytical results of the drilling on its Brestovac property in Serbia and to announce the commencement of an additional 450 meters of drilling targeting depth and strike extensions of the mineralization.

Additional sampling and analysis of drill core from hole BN-05 has increased the intercept from the 12.4 meters at 11.38 grams per tonne (g/t) gold previously reported (Reservoir news release of March 26, 2007) to 16.90 meters grading 13.04 g/t gold and 42.12 g/t silver.



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FROM TO INTERVAL
DRILL HOLE NO (meters) (meters) (meters) Au g/t
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BN-05 68.80 70.70 1.90 5.16
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84.10 101.00 16.90 13.04
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best single intercept 88.60 90.60 2.00 31.20
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A two to three hole diamond drilling program commences at the Brestovac on June 3, to test the depth and strike extensions of the previously reported mineralization. A larger program of infill and step-out drilling will then be proposed to the Serbian Ministry of Energy and Mines for the next license renewal period from the second half of 2007.

Comments on Sampling, Assaying and Quality Control

Sample splits of crushed material from 9 intervals yielding high gold grades were submitted for analysis by the ISO-certified ALS Chemex laboratory in Vancouver. The results of these analyses for gold using similar analytical techniques showed comparable grades, with no recognizable bias. The absolute differences in results from the two laboratories range from 2.03 to 13.82 g/t gold, and are ascribed to the irregular distribution of the gold within the sampled interval (nugget effect), as is commonly encountered in high grade gold mineralization. A diagram illustrating the comparative results will be posted on the Company's website.

The assays reported in this press release refer to diamond drill core that was sawed in half at the Company's sample preparation facility in Belgrade. Half the core was sampled and crushed to less than 2 millimeters, with the remaining half of the core stored for reference. Samples were submitted to the ISO certified OMAC Laboratory in Ireland for analysis, where gold was analyzed by fire assay of 50 gram samples with an AAS finish, and multi-element analyses were determined by ICP MS/AAS techniques. The Company conducts routine QA/QC analysis on all assay results, including the systematic utilization of certified reference materials, blanks and duplicates. As noted above, additional analysis of high grade samples was undertaken by ALS Chemex, Vancouver.

Dr. Duncan Large, Chartered Engineer (UK) and Eur. Geol., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, is responsible for the preparation of the technical information in this release.

About Reservoir

Reservoir is a natural resource company, currently exploring for gold and base metals on five exploration properties in Serbia and actively seeking new business opportunities through its in-country team of geologists and business development specialists. Reservoir's common shares trade on the TSX Venture Exchange under the symbol "REO".

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

Contact Information

  • Reservoir Capital Corp.
    Miljana Vidovic
    President
    (604) 662-8448
    or
    Reservoir Capital Corp.
    Miles Thompson
    Chairman
    (604) 662-8448
    or
    Reservoir Capital Corp.
    Kim Casswell
    Corporate Secretary
    (604) 662-8448
    (604) 688-1157 (FAX)
    Website: www.reservoircapitalcorp.com