Reservoir Capital Corp.
TSX VENTURE : REO

Reservoir Capital Corp.

March 04, 2008 08:00 ET

Reservoir Intercepts 12.61 Grams Per Tonne Gold Over 4.80 Meters at Brestovac

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2008) - Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO) is pleased to report drilling results from its Brestovac property in Serbia. Four diamond drill holes for a total of 470.50 meters have been completed on the Corridor target at Brestovac.

The drilling was designed as an infill program to test the revised geological model of the Brestovac prospect, in particular the structural controls to the continuity of the epithermal gold mineralization over a potential strike length of 300 meters.

Mineralized structures were intercepted in all the drill holes and high-grade gold mineralization was intercepted in drill holes BN-13 and BN-14. The significant intercepts are tabled below:



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FROM TO INTERVAL
DRILL HOLE NO (meters) (meters) (meters) Au g/t
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BN-11 79.00 82.50 3.50 3.24
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including 80.50 82.50 2.00 4.21
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BN-12 67.00 72.90 5.9 1.8
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82.30 88.00 5.7 1.5
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best single
intercept 84.20 86.10 1.9 3.1
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BN-13 14.20 38.50 24.30 0.78
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including 14.20 21.40 7.20 1.15
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47.40 49.70 2.30 10.07
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including 48.60 49.70 1.10 15.50
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56.60 59.00 2.40 1.37
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67.70 69.60 1.90 2.19
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BN-14 3.60 9.60 6.00 1.21
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56.60 61.40 4.80 12.61
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including 58.00 59.40 1.40 20.10
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The mineralization is associated with irregular zones of silicification and rare quartz veining in intensely altered andesite volcaniclastics and volcanics containing disseminated pyrite, and occasional sphalerite and galena.

The Company considers the results to be very encouraging and that they continue to demonstrate the potential for significant epithermal gold mineralization at Brestovac. The Company is now modeling the mineralization in the Corridor zone prior to making an initial resource estimate.

Follow-up work has been completed on the Induced Potential ("IP") geophysical survey of last December, to better define the deep chargeability anomalies that are interpreted as possible Bor-type porphyry-epithermal copper-gold targets lying to the south of the "Corridor" gold mineralization. Five diamond drill holes have been sited to test these geophysical anomalies in the porphyry copper-gold target area, for a programmed total of approximately 1,700 meters, now scheduled to commence mid-March.

A drilling plan map and drill sections have been posted on the Company's website www.reservoircapitalcorp.com.

Comments on Sampling, Assaying and Quality Control

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. The samples were submitted to the ISO 17025 accredited ALS Chemex laboratory in Vancouver, Canada for analysis: gold was analyzed by fire assay 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.

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 with mineral exploration and renewable energy projects in Serbia. The Company is exploring a portfolio of mineral properties, including Brestovac and Deli Jovan where high-grade gold systems have been identified. Reservoir has assembled a team to evaluate and acquire renewable energy prospects where the lack of infrastructure investment over the last 15 years has left a variety of interesting opportunities in this area, particularly hydroelectric power generation. 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