Fjordland Exploration Inc. (TSX-V: FEX) and Wildrose Resources Ltd. (TSX-V: WRS) report that a drilling program totalling up to 2,000 metres will recommence at the Woodjam gold-copper porphyry property in central British Columbia this weekend. The drilling is being conducted in the Takom Zone to test coincident induced polarization (IP) and geochemical anomalies, as well as follow-up a single core hole (05-48) drilled last fall that intersected 0.10 g/t gold and 0.12% copper over 82.6 metres. The hole ended in mineralization and was getting stronger with depth.
The Takom Zone is located approximately three kilometres south of the Megabuck Zone where the second phase 2006 drilling program was completed. Takom is defined by a two kilometre by one kilometre soil geochemical anomaly with copper values ranging from 50 ppm to greater than 10,000 ppm. This strong copper anomaly coincides with a larger induced polarization geophysical anomaly. An IP map of the Property is available on the Fjordland website at http://www.fjordlandex.com/property/BCpropsum.htm.
The Company also reports receipt of assay results from the balance of the holes drilled this summer in the Megabuck Zone. Significant mineralization was encountered in three of the remaining eight holes. Hole 06-64 intersected 0.32 g/t gold and 0.06% copper over 138.2 metres; hole 06-65 intersected 0.46 g/t gold and 0.05% copper over 112.3 metres, and hole 06-66 returned 0.16 g/t gold and 0.03% copper over 143.3 metres (see previously released holes on news releases dated May 2, 2006 and September 14, 2006).
The final assay results for the Megabuck Zone were only recently received and will now be compiled to assist the Company to assess future exploration in the Megabuck Zone. This year approximately 10,000 metres of drilling has been completed in the Megabuck region.
The Woodjam gold-copper porphyry property is located ten kilometres from Horsefly in the Cariboo region of BC, and has excellent logistics and infrastructure. Mineralization at Woodjam is modeled after Northgate Mineral Corporation’s (TSX: NGX) Kemess deposit in northern British Columbia, and Newcrest Mining’s Cadia Hill deposit in Australia. Kemess commenced production in 1999 with a resource of 200 million tonnes grading 0.63 g/t gold and 0.22% copper while Cadia Hill commenced production in 1996 with a resource of 210 million tonnes grading 0.72 g/t gold and 0.18% copper.
The results of the second phase 2006 drilling program at Woodjam were reviewed, compiled and verified by the Fjordland’s geologists including John Peters, P.Geo., the qualified person as defined by National Instrument 43-101. Acme Analytical Labs, an ISO 9001 accredited laboratory, assayed the samples by multi-element ICP-ES (1D) and fire geochemical methods with ICP analyses (3B) for gold.
WILDROSE RESOURCES LTD.
J. William Morton, P. Geo.
B&D Capital Partners
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.