1.9% Copper and 0.33% Molybdenum or 6.5 lbs/ton Molybdenum Reported in Hole 99F Over 12 Meter IntervalMarketwire
Pacific Comox Resources Ltd.
October 18, 2007 - 11:12:28 AM
1.9% Copper and 0.33% Molybdenum or 6.5 lbs/ton Molybdenum Reported in Hole
99F Over 12 Meter Interval
TORONTO, ONTARIO--(Marketwire - Oct. 18, 2007) - Pacific Comox Resources Ltd.
(TSX VENTURE:PCM) reports the assays for an additional 3 diamond drill holes
testing the area of the former producing underground copper mine (the South
Zone) at its Ryan Lake copper/molybdenum property at Matachewan, Ontario.
Drilling is continuing and assays will be reported when received for the
additional holes.
Hole 99F reported two mineralized intervals in the assays received to-date.
Interval of 12 meters grading 1.4% copper and 0.051% molybdenum starting at 18
meters, followed by an interval of 12 meters grading 1.9% copper and 0.33%
molybdenum (6.5 lbs/ton molybdenum) from 39 meters. The second interval also
reported a gold grade of 0.55 g/tonne and 25 g/tonne silver.
Hole 91 reported an interval of 9 meters grading 1.2% copper and 0.027 %
molybdenum from 30 meters within a longer mineralized interval of 115 meters
starting at 13 meters grading 0.24% copper and 0.009% molybdenum.
The assay results for the 3 holes reported are summarized in Table 1. For hole
C99F assays for the interval 52 meters to the end of the hole have not been
received. All the holes also reported gold and silver values.
In the current program on the South Zone additional holes have been drilled
both north and south of the completed holes on many of the sections to extend
the 700 foot North-South dimension of the drill tested areas. The South Zone
has now been tested over 800 feet on an East-West dimension.
The current program also tested the indicated mineralized zones to deeper
levels than the previous programs. The mill which is currently processing
barite is expected to be a major asset going forward to facilitate the
resumption of copper/molybdenum production on the property.
Robert Hill P. Eng. serves as the qualified person (QP) for the sampling and
exploration program under the definitions of National Instrument 43-101,
reviewed this release and supervised the drilling program. The geologists on
this program were Dan Crossley P. Eng. and Robert Van Ingen P. Eng.. The split
NQ core samples were assayed at Swastika Laboratories Ltd. Swastika Ontario,
an accredited laboratory.
Donald Empey, President
View the Company web site at
www.pacificcomox.com or the Company filings on
SEDAR at
www.sedar.com.To view the Table 1: Diamond Drill Assays From Ryan Lake Property, please
visit the following link:
http://www.ccnmatthews.com/docs/pcmtable1.pdfTo view the Ryan Lake Cu-Mo Claims Drill Plan, please visit the following
link:
http://www.ccnmatthews.com/docs/pcmdrillplan.pdfFOR FURTHER INFORMATION PLEASE CONTACT:
Pacific Comox Resources Ltd. Donald Empey (416) 977-4653 (416) 977-8335
(FAX) Email:
dempey@pacificcomox.com Website:
www.pacificcomox.com The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.