| | | November 24, 2004
Drill Program To Commence On Copper Prince Property
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| | MBMI Resources Inc. (MBR:TSXV) wishes to announce that a drill is now on site, and drilling will commence this week on the Company's Copper Prince, Sudbury, Ontario Property. The diamond drill program will total approximately 800 meters and comprise 16-18 shallow holes testing near surface geophysical copper/gold and platinum group metals targets. The Company anticipates the drill program to be completed in approximately three weeks.
The Copper Prince property consists of 16 contiguous patented claims located in Falconbridge Township, Sudbury Mining Division, Ontario. The claim group lies 2.4 miles southeast of Falconbridge town and smelter, and 1.2 miles in the footwall to the south of the Sudbury Igneous Complex (SIC) and the mined out Falconbridge Main copper-nickel orebody.
The property was prospected in the 1880's when a surface discovery of Cu-Ni-Au was trenched in a breccia zone in the Huronian sediments, which form the footwall of the Sudbury Igneous Complex (SIC) in this area. Intermittent exploration that ensued was focused on initial ground magnetometer surveys which prompted scattered drilling in the 1950's, and the more modern geophysics/drilling of the late 1980's, and the mid-1990's. The target has been sulphide zones or a concentric (to the SIC) quartz diorite intrusive which is the common host for not only the contact Cu-Ni orebodies but also the footwall orebodies of the SIC.
MBMI maintains a major interest in three nickel laterite properties in the Philippines, and also holds the rights to three Canadian projects; the McMillan gold mine property in Espanola, Ontario, the Copper Prince Cu-Ni-Au/PGM property in Sudbury, Ontario, and the Squall Lake, Manitoba gold project.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
For further information, contact:
David G. Tafel - VP Corporate Development
Tel: 604-683-1991; Fax: 604-683-8544
Toll free: 1-877-399-1991
Email: mbr@mbmiresources.com
Website: www.mbmiresources.com
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. |
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