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
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