|March 28, 2012|
Blind Creek Resources Ltd focuses on the NW-BC Atlin Gold Camp, Historic Engineer gold Mine Area on Tagish Lake and the Keno Hill Silver-Blende lead zinc silver in Central Yukon.
|Vancouver, BC - Blind Creek Resources Ltd. (TSX-V: BCK) ("the Company" or "Blind Creek") reports that since 2004 up to the present time the Company has been focusing mineral exploration on the historic Atlin gold camp and areas adjacent to the historic Engineer Gold camp on Tagish Lake, NW-BC for gold and silver in addition to the Mayo Mining District Yukon where it is also focusing on gold and silver. Tables 1&2 show six Company targets|
During 2005, 2007, 2009 and 2010 the Company completed approximately 5,000 meters of reconnaissance NQ core drilling in the Atlin Camp, and during 2011 drilled 3,330 meters of reconnaissance diamond drilling using NTW core 4 km south of the historic Engineer Gold-Silver Mine, on the Wann River Project . Although reconnaissance drilling in the Atlin Camp has not yet proven a hidden resource, the Wann River area is indicating hidden gold-silver mineralization in altered granodiorite-diorite quartz stockwork system adjacent to a major fault zone.
During 2011 drilling at Wann River indicated gold-silver to be present over a 650 meters strike length open in all directions, with returns up To 11.3 g/t gold and 226.0 g/t silver.
The Company is currently preparing light-weight helicopter portable drilling equipment for further drilling at Wann River Project, 34 Km west of the Atlin gold camp, commencing 15th April 2012. Later in the Summer the drill will be moved north to Table Mountain, 15 Km Northwest of the Atlin gold camp were a geochemical gold/silver-in-soil anomaly found in 2011 season. This gold-silver anomaly still has to be defined, but indications are it is at least 600 meters wide within a lead zinc halo 2,000 meters wide and still open.
Both the above two projects are accessible to sealed roads which lead to the Alaska Highway, including the White Pass Rail route to Skagway, via 80 kilometers of Tagish Lake waterway. The Wann River project is situated immediately adjacent viable hydro-electric power resource.
At Blende lead-zinc-silver property in the Mayo Mining District, 25,200 meters of drilling has been completed by the Company and previous operators. The Company has spent $6million on the property. The historic mineral resource is 15.3 million tonnes grading 3.05% zinc, 3.23 % lead and 67.5 g/t silver. Currently the Company is planning a new resource estimate and new 43-101 technical report.
Staking in the Fall of 2010 was to link the Blende property to the proximity of the Newly named Yukon Carlin Trend and Ocelot projects managed by ATAC Resources Ltd. 2011 geochemical surveys suggest the presence of silver within these newly staked quartz claims.
During the Winter and Spring of 2011 the Company acquired 272 quartz claims (5,684.8 ha) 16 km east of the highgrade silver Bellekino Mine near Kino Hill, and follow-up geochemistry surveys during 2011 are indicating subtle anomalous trends in gold-silver-lead. Work by United Keno Hill Mines during 1965 located mineralized veins with grab samples grading up to 899 oz silver and 72% lead 2 km west of the Company boundaries.
In addition, during 2010 the Company acquired 153 quartz claims (3,197.70 ha) within a west extension of the New Yukon Carlin Trend where it is looking for indications of gold.
The Company is currently gearing-up for an aggressive 2012 Exploration program starting in mid-April.
The Company now has an updated website with information and technical reports at www.blindcreekresources.com
The technical information in this News Release has been reviewed by Nicholas Clive Aspinall, P.Eng., a qualified person as defined in National Instrument 43-101.
On behalf of the Board of Directors,
"J. Frank Callaghan"
J. Frank Callaghan
President and CEO
Tel: (604) 669 - 6463
This News Release contains forward-looking statements. Forward-looking statements are statements, which relate to future events and conditions and therefore involve inherent risks and uncertainties. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. All phases of the Company's operations are subject to environmental regulation and governmental approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. Mining is an inherently risky business with large capital expenditures and cyclical metals markets.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View News Release in PDF Format:
You can view the Previous News Releases item: Mon Nov 14, 2011, Blind Creek Reconnaissance Drilling Program Intersects Up To 11.3 g/t Gold and 226.0 g/t Silver near Atlin, BC
You can return to the main News Releases page, or press the Back button on your browser.