🕐13.12.11 - 01:27 Uhr
FJORDLAND ENCOURAGED BY INITIAL RESULTS AT RED LOBSTER SEDEX TARGET, WEST OF SUL
LIVAN MINE, BRITISH COLUMBIA
Fjordland Exploration Inc.
1111 Melville Street, Suite 1100
Vancouver, British Columbia
Canada V6E 3V6
www.fjordlandex.com
NEWS RELEASE
Fjordland Encouraged by Initial Results at Red Lobster SEDEX Target, West of
Sullivan Mine, British Columbia
Vancouver, B.C, December 12, 2011 - Fjordland Exploration Inc.
(TSX-V:
FEX) is pleased to report assay
results for the first phase of its late-season drilling program on its
road-accessible, 2,426-hectare Red Lobster Property, located 25 kilometres
west of the historic giant Sullivan zinc-lead-silver mine in southeastern
BC.
These holes were from the recently completed 4-hole drilling program
totaling 908 m, as mentioned in news releases dated October 19, 2011 and
November 26, 2011.
Red Lobster Initial Drilling Highlights:
Hole ID
>From (m)
To (m)
Int.
(m)
Zinc%
Lead%
RL11-01
95.4
112.5
17.1
0.22
0.17
RL11-02
123.5
140.0
16.5
0.12
0.12
Hole RL11-01, drilled at -45 degrees, encountered a mineralized interval
over approximately 17.1 m.
Mineralization consists of semi-massive red brown
sphalerite, galena, pyrrhotite, pyrite and chalcopyrite in foliated and
deformed parallel bands, as disseminations and in crosscutting fractures and
quartz veins associated with quartz and strong chlorite +/- sericite +/-
albite alteration in middle Aldridge quartzites and pelites.
The three
intervals are separated by two short unmineralized sections, interpreted as
strongly sheared and altered gabrro.
In the hangingwall, strong
silica-albite altered rocks with very fine-grained pyrrhotite and an
unidentified blackish mineral occur with quartz veining.
The mineralized
zone(s) appears to be in fault contact with less-altered psammites.
Hole RL11-02 was drilled at -70 degrees from the same set up as RL11-01, to
undercut the mineralized zone.
As expected, the hole encountered similar
highly altered and sheared sedimentary rocks with mineralization noted over
a 109.5-m interval, and locally separated by intensely sheared and altered
gabbro.
The Company believes that the mineralization in these two holes may have
been remobilized from a deeper more massive source of sulphides during
deformation in a vent setting.
Assay results from holes RL11-03 and RL11-04, located approximately 3.5 km
to the west on the Shado Zone, intersected sporadic lower grade lead-zinc
mineralization.
Drilling of hole RL11-05 will resume immediately, and will target the
postulated depth extension of the mineralized zone encountered in holes
RL11-01 and RL11-02, to a depth of approximately 300 m.
Tom Schroeter, President of Fjordland commented: "We are excited to quickly
resume drilling on the Red Lobster SEDEX (Sullivan-type) target, as well as
testing the GCP gold target early in the New Year.
We anticipate a very
active exploration season in the southeast next year."
About Fjordland Exploration Inc.
Fjordland Exploration is a mineral exploration company focused on the
discovery of gold, copper and molybdenum deposits in British Columbia.
Fjordland currently has a portfolio with 38 properties.
It has a 51%
interest in 7 properties known as "Tak" totaling 55,654 ha in the Woodjam
area of central BC.
Fjordland has a 51% interest in two properties known as
"Milligan" totaling 2,192 ha, adjoining Thompson Creek Metals Company Inc.s
(NYSE: TC and TSX:
TCM) Mt.
Milligan copper-gold
deposits on the west.
Capstone Mining Corp.
(TSX:
CS) owns a 49% interest in the combined
Tak-Milligan Project.
Fjordland and Serengeti Resources Inc.
(TSX-V:
SIR) are 37%/63% partners exploring
13 properties (QUEST Project) totaling 50,170 ha in the Quesnel Terrane
north of Woodjam for precious and base metals.
Six of the QUEST properties
(totaling 27,690 ha) have been optioned to Xstrata Copper; the QUEST JV owns
100% of the remaining 7 properties totaling 22,480 ha.
Fjordland has a 100%
interest in 8 properties totaling 60,047 ha in the Iron Range area and has
an option agreement on 7 properties totaling 21,222 ha with Kootenay Gold
Inc.
(TSX-V: KTN) in southeastern BC.
Fjordland has an option to acquire a 100% interest in the Dillard copper and
gold property, north of Princeton.
Fjordlands shares trade on the TSX
Venture Exchange under the symbol "FEX".
For more information visit
Fjordlands website at www.fjordlandex.com.
T.G.
Schroeter, P.Eng./P.Geo., who is a qualified person within the context
of National Instrument 43-101, has read and takes responsibility for this
news release.
Tom Schroeter
President & CEO
Contact:
John Gomez,
Manager, Investor Relations
Tel.
604-893-8365
Neither TSX Venture Exchange nor its Regulation Services providers (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.