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Cogitore Resources Inc.
initiates 2008 diamond drilling program on Estrades Project
COGITORE Resources Inc. (the "Company") (WOO:TSX-V) is
pleased to announce the commencement of its 2008 exploration
programs on the Estrades property and adjoining Caribou
property in northwestern Quebec. The Company will be drilling
on the 100% owned Estrades Mining Lease as well as on adjacent
claims that are subject to the Company's earn-in joint
venture agreements with both Inmet Mining and IAMGOLD (the "Caribou
claims").
The focus of the program at Estrades will be to follow
up on the EME-07 copper zone discovered in 2007 (3.1% Cu
over 4.4m, see May 8, 2007 press release) and also to explore
the area east of hole EME-07, where favourable rhyolitic
volcanic rock units thicken, suggesting proximity to a
volcanic vent.
A deep penetrating electromagnetic (InfiniTEM) survey
will commence shortly at the Caribou claims immediately
to the west of the Estrades mine. Potential conductors
will be drilled as part of the current program. The Estrades
drilling program will run concurrently with drilling on
the Selbaie West Property (see press release of February
7, 2008). With 3 drills currently in operation, the Company
has now secured the drill rigs required to carry out over
35,000 metres of drilling on its various projects throughout
2008.
With respect to the on-going feasibility study at the
Estrades mine project, discussions are currently taking
place with potential custom mills and smelters. The study
is focusing on a portion of the Estrades Main Zone located
above a depth of 415m and in which Scott Wilson RPA calculated
resources of 390,000 tonnes grading 0.80% Cu, 11.03% Zn,
6.24 g/t Au and 187.3 g/t Ag (see Technical Report on SEDAR).
The study, initially expected to be completed in 2007,
was held up by a 3 month delay in the metallurgical tests
at SGS Lakefield. The feasibility study and financial analysis
of the project will be completed as soon as smelter terms
are obtained and a viable custom milling option has been
secured for the Estrades ore.
Work is carried out by the personnel of Cogitore Resources
Inc., under the supervision of Gérald Riverin, PhD,
P.Geo. He is a qualified person (as defined by National
Instrument 43-101) and has more than 30 years of experience
in VMS exploration.
The Company has developed a strategic focus on base metal
exploration in prospective areas that also feature infrastructure
favourable for mining development. Accordingly, it will
focus its work in the Abitibi Belt of Quebec and Ontario,
and in the Central Belt of Newfoundland.
For further information please contact:
Gérald Riverin
President & CEO
Telephone: 819-764-6666
Louis Morin
Director Investor Relations
Telephone: 514-591-3988
www.cogitore.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
SEDAR: 00020132E. CNW 13-FEB-08 ©2008 Cogitore Resources
Inc. |