Diamond Drilling Program At Dillard Copper-Gold Project

 

VANCOUVER, BC - Fjordland Exploration Inc. reported results from its recently completed 6-hole, 2,600 meters diamond drilling program on its 2,592-hectare Dillard porphyry copper-gold project, located between Merritt and Princeton in southern British Columbia.

The 2013 work programs on Dillard were part of a staged, systematic exploration program, budgeted at approximately $800,000, under a recent option agreement with Sumac Mines Ltd., a subsidiary of Sumitomo Metal Mining Co. Ltd.

Phase One drilling, completed in 2013, was designed to test geophysical targets as well as possible depth extensions of historically reported copper-gold mineralization. Numerous historic drill holes bottomed in mineralization during Placer Dome's 1991 drilling program in the Dillard West area (then Primer South property), where drilling intersected 207 m grading 0.25% copper. Drilling also tested previously untested, recently discovered high-grade copper and gold mineralization at the Dillard East property, where surface rock sampling yielded assays up to 1.6% copper.

The Dillard West target, measuring approximately 1,400 m by 1,200 m, includes coincident induced polarization (IP) chargeability and copper and gold soil anomalies, and is open to the north and west. Four holes totaling 1,588 m were completed; three angled drill holes drilled along a north-south section (Line 500E), and a fourth vertical hole drilled approximately 400 m to the west. The southern-most hole (DI-13-03) on Line 500E intersected 201 m grading 0.11% Cu and 55 ppb Au, including two separate intervals of 17.5 m grading 0.29% Cu and 143 ppb Au, and 21 m grading 0.20% Cu and 87 ppb Au, hosted by Nicola Group andesitic rocks. Hole DI-13-04, located 275 m to the north, intersected a sequence of alternating andesitic and dioritic rocks hosting copper and gold mineralization. The entire hole (403 m) yielded 0.14% Cu and 72 ppb Au and included intervals of 293.5 m grading 0.16% Cu and 78 ppb Au, and 158 m grading 0.20% Cu and 94 ppb Au. Hole DI-13-05, situated 600 m north of hole DI-13-04, intersected predominantly andesitic volcanic rocks and yielded 377.1 m grading 0.11% Cu and 41 ppb Au, including 63 m grading 0.16% Cu and 45 ppb Au and 51 m grading 0.18% Cu and 64 ppb Au. Hole DI-13-06 was a short hole, hosted by alternating andesitic and dioritic rocks and yielded 106.5 m grading 0.11% Cu and 49 ppb Au.

The Dillard East target, measuring approximately 2,000 m by 1,500 m, is located approximately 3.5 kilometers east of the Dillard West target and is open in all directions. Two drill holes totaling 1,012 m, situated approximately 1,250 m apart, targeted an IP chargeability anomaly delineated earlier in the season. Anomalous copper +/- molybdenum +/- gold amounts were obtained, with local 3-m intersections grading up to 0.14% Cu, 410 ppb Au and 55.5 ppm Mo. Drill holes DI-13-01 and DI-13-02 intersected a major fault system containing intensely pyritized Nicola Group andesitic volcanic rocks, with local zones of high silica flooding.