Lorraine-Jajay 2008 Drilling Results New Zone Discovered Under Main Zone


Lorraine Copper wishes to announce the results from the 2008 exploration program at the Lorraine project, which is being managed by Teck Cominco Limited under a Participation Agreement with Lorraine Copper. The Lorraine property is located in the Quesnel Terrane approximately 250 km northwest of the city of Prince George, British Columbia.

Lorraine 2008 Drill Map

Lorraine 2008 Drill Map

Teck has informed the company that it successfully drilled 6,935.5 m in 19 holes and tested eight target areas during the 2008 program. A number of significant new developments have resulted from this drilling, most notably, the discovery of another mineralized zone below the Lower Main Zone. Drill hole L08-120 first intersected 159.2 m grading 0.64% copper and 0.30 g/t gold representing the Lower Main Zone, then intersected 58.8 m grading 0.092% copper including 22.1 m grading 0.16% copper 95.3 m beneath the first interception.

Two holes were drilled to test for a northern extension to the Bishop Zone and also to determine if this zone is connected with the Main Zone. Holes L08-121 and 128 very successfully attained this objective, returning 123.3 m of 0.31% copper and 23.4 m of 0.49% copper, respectively. These holes indicate the potential for significantly increasing resources in this area.

New areas of mineralization were also discovered, including: west of the Boundary Zone in holes JTM08-16 and 17; the All Alone Dome target in hole L08-115; and the first significant intercepts of mineralization at the TooGood target in holes L08-116, 118 and 119 where notable mineralization was seen in a few holes that were cut off by post-mineralization dykes, indicating that mineralization in this large target is potentially very extensive.

Copper-gold mineralization on the Lorraine property is alkalic intrusion-related and is analogous to a deposit style that includes the Galore Creek deposit. Other significant alkalic deposits in British Columbia include the Mt. Polley, Afton and Copper Mountain mines. The Lorraine property is located in an area of active logging and is well served by resource infrastructure including all season roads, the Kemess power-line corridor to the northeast and the Canadian National Railway line to the southwest.

Teck is earning a 51% interest in the Lorraine-Jajay project by spending $9.0 million by 2011, and may earn up to a 65% interest by completing a feasibility study and arranging production financing.

2008 Lorraine-Jajay and Jan/Tam/Misty Properties Drilling Results Summary:

Hole No. Area

From (m)

To (m)

Core Length (m)

Cu ppm (ICPMS)

Assay Cu %

Au ppb  *

Assay Au g/t  ***

Ag ppm (ICPMS)

JTM08-16 Boundary

384.3

515

130.7

914

0.09

26

-

<1

  incl.

384.3

405

20.7

1492

0.15

45

-

1

  incl.

460

481

21

1906

0.18

40

0.066

1.3

JTM08-17 Boundary

36.7

55.3

18.6

1153

0.12

<10

-

1.1

JTM08-18 Target X

 

 

 

nsv

-

nsv

-

-

L08-114 AAD

 

 

 

nsv

-

nsv

-

-

L08-115 AAD

280.5

301.2

20.7

979

0.10

20

-

<1

L08-116 TooGood

262.2

308.8

46.6

1152

0.12

12

-

<1

L08-117 TooGood

285

294

9

nsv

-

238

-

1.6

L08-118 TooGood

174

186

12

1372

0.14

<10

-

<1

L08-119 TooGood

88.6

153

64.4

996

0.10

<10

-

<1

  incl.

126.2

153

26.8

1211

0.12

<10

-

<1

L08-120 Lower Main

8

167.2

159.2

6080

0.64

226

0.304

3.5

  2nd zone

262.5

321.3

58.8

915

-

24

-

<1

  2nd zone incl

262.5

284.6

22.1

1497

0.16

27

-

<1

  Both zones combined

8

284.6

276.6

3720

0.39

136

-

2.2

L08-121 Bishop Ext

89.8

326

236.2

1730

0.19

42

-

<1

  incl.

89.8

213.1

123.3

2751

0.31

57

-

<1

  incl.

158.3

213.1

54.8

5191

0.59

96

-

1.0

  incl.

158.3

182.3

24

9841

1.13

135

0.151

1.3

L08-122 New

144.8

149.3

4.5

1124

0.13

25

-

<1

   

201.1

203.1

2

4781

0.57

76

-

1.9

L08-123 New

59.4

59.9

0.5

5500

0.60

<10

-

2.4

L08-124 Page Bowl

43.5

50.4

6.9

1179

0.15

16

-

1.1

L08-125 New

 

 

 

nsv

-

-

-

-

L08-126 New

57

60.3

3.3

1057

-

15

-

<1

  New

174

183

9

937

-

<10

-

<1

L08-127 TooGood

 

 

 

nsv

-

-

-

-

L08-128 Bishop Ext

66

359

293

1050

-

68

-

<1

  incl.

184

207.4

23.4

4648

0.49

364

0.361

1.3

  incl.

281

301

20

2981

0.31

223

0.233

1.4

  incl.

335

359

24

1808

0.20

104

-

1.1

L08-129 AAD

 

 

 

nsv

-

-

-

-

* Au by Aqua regia decomposition / solvent extraction / AAS
*** Au by Fire assay – lead collection / AA finish / 1 A.T.

nsv = no significant values

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