Sea Green Capital Corp.

Sea Green Capital Corp.

March 13, 2008 10:16 ET

Sea Green Capital Corp. Updates Drilling and Exploration Results

TORONTO, ONTARIO--(Marketwire - March 13, 2008) - Sea Green Capital Corp. (TSX VENTURE:SGS) announces the results of drilling operations conducted on the Casa-Berardi properties in Quebec and the Ogden and Jamieson properties in the Timmins area, Ontario. The purpose of this press release is to complete the disclosure of results that were partially completed in 2007. Through the short comings of utilizing itinerant core logging staff, the significant rise in exploration costs and the extraordinary wait times for analytical results, the results included in this press release were delayed in being remitted to the Company.

The following table is a summary of the drill results obtained on the Casa-Berardi properties mentioned in the Corporations press release of July 30, 2007. Drilling on Grid 1 and 2 focused on base metal mineralization, and drilling on grids 4 and 5 tested gold mineralization targets.

Casa-Berardi Drilling Summary
DDH # From To Interval Cu (%) Zn (%) Pb(%) Au (g/t)
(m) (m) (m)

Grid # 1
SC1 06-03 nsv nsv nsv nsv
SC1 07-01 nsv nsv nsv nsv
SC1 07-02 nsv nsv nsv nsv
SC1 07-04 nsv nsv nsv nsv
SC1 07-05 202.5 204.0 1.5 nsv nsv nsv 1.02
SC1 07-06 35.65 36.0 0.35 nsv nsv nsv 3.2
SC1 07-06 103.0 103.5 0.5 nsv nsv nsv 3.2

Grid # 2
SC2 06-01A Not assayed
SC2 06-02B nsv nsv nsv nsv

Grid # 4
SC4 07-01 nsv
SC4 07-02 147.0 150.0 3.0 2.5
SC4 07-03 nsv

Grid # 5
SC5 07-01A nsv
SC5 07-02B Not assayed

nsv: no significant values

Upon receipt of the core, the core was logged and samples to be analyzed were identified, based on the presence of quartz and/or silicification plus pyrite and alteration minerals. Samples were constrained by lithologic / alteration boundaries and do not exceed 1.5 m in length. Sampling protocols consisted of splitting the core in half, describing the samples and assigning a unique identifier number to the bagged samples and the location of the archived half core in the drill core boxes. Samples were forwarded in robust containers to Expert Laboratory in Rouyn, Quebec for analyses.

Further sample preparation at the analytical laboratory consisted of crushing followed by pulverization of a representative split. Silica sand wash is used to mitigate sample contamination. The determination of Au is by fire assay preparation followed by atomic absorption spectroscopy. Base metal analysis was by atomic absorption spectroscopy. For QA/QC purposes Sea Green relies on the internal standards used by the laboratory to maintain analytical precision.

With respect to the Ogden Township property, ten diamond drill holes were completed in an attempt to test an eastward extension of the historical McEnaney gold deposit. Due to an ongoing claim-staking dispute involving Sea Green, all exploration work has ceased on the property for competitive reasons and will not be revived until the dispute is settled. Prior to cessation of activities, analytical results from the first three drill holes were released in a press release dated March 23, 2006. Subsequently in January, 2008, the operator of the project was directed by the management of both Sea Green and Explorers Alliance Corp. to complete the logging and assaying for the remaining holes. No report has been received to date on these results.

A two-hole diamond drilling program on the Godfrey-Jessop property (40% equity ownership) announced in the Corporation's February 13, 2006 press release was completed. The target was base metal mineralization, which was not encountered. In a press release of March 23, 2006 it was announced that one more drill hole would test the conductor on the Godfrey-Jessop property. The operator of the project has not provided drill logs, nor advised Sea Green of any sampling of the core.

G.A.Harron, P.Eng., a qualified person under the definitions established by National Instrument # 43-101, has reviewed the information contained in this news release.

Sea Green Capital Corp. is a junior exploration company focused on gold and base metal prospects in Quebec and Ontario.

Sea Green currently has 63,840,568 common shares outstanding.

The TSX Venture Exchange has not in any way passed upon the merits of the matters disclosed herein, and has not approved or disapproved of this press release.

Contact Information

  • Sea Green Capital Corp.
    R. Brian Murray
    (416) 985-7810
    Sea Green Capital Corp.
    John V. Hickey
    (416) 903-6649