Fieldwork has now commenced on the Cowtrail property, owned by Wildrose Resources Ltd. and under option to Dajin Resources Ltd. The Cowtrail property consists of 32 mineral claims encompassing 4,600 hectares and is located near the village of Horsefly, BC. The property was staked in 2004 to cover airborne geophysical anomalies derived from surveys completed in 1967 and 2004. Interest in this area of British Columbia perked up in 2003 following the announcement by Imperial Metals Corporation of a significant new discovery on the Mount Polley Mine property located 20 kilometres northwest of Cowtrail.
The majority of work previously completed on the Cowtrail has been geophysical grids which were surveyed using induced polarization techniques. A report by J. W. Morton, P. Geo. Recommends an induced polarization survey for the area on the Cowtrail 2 claim located north of hole 97-B-21 which was drilled by Imperial Metals in 1997. Hole 97-B-21 intersected an altered potassium-rich alkalic porphyry buried under four to thirteen metres of clay overburden and was mineralized with sub-economic copper and gold values throughout most of its length. This earlier drill program established the presence of a previously unknown copper–gold porphyry system on the southern edge of a three-kilometre-long by one-and-one-half-kilometre-wide total field magnetic airborne anomaly.
Under the terms of the agreement with Wildrose, Dajin can earn a 65% interest in the Cowtrail property by making payments totalling $110,000 and completing $1,000,000 in exploration work before Nov. 30, 2010 with a minimum $75,000 field program to be completed before November 30, 2006. J.W. Morton, P.Geo is the qualified Person who takes responsibility for this news release.
On Behalf of the Board,
WILDROSE RESOURCES LTD.
J.W. (Bill) Morton P.Geo, Contact:
B&D Capital Partners President
(604) 685-6465
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.
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