Copper Mineralization Extended on Cresval�s Bridge
River Project
"VANCOUVER, BC, December 18, 2009 � Cresval Capital Corp.
(the �Company�) (TSX-V:CRV) reports the discovery of new copper mineralization on the company�s 9,660 ha Bridge River copper-gold-molybdenum project, located near Gold Bridge in southwest British Columbia.
The 2009 exploration program, including mapping, geochemical sampling, hand trenching and a soil survey, further enhanced the property�s potential for hosting a bulk- tonnage porphyry copper, gold, molybdenum deposit.
Additional work was scheduled, but the severe forest fires in the area prevented access for much of the exploration season.
Maps, technical reports and photos from the project are available on the company�s website at www.cresval.com. The latest Assessment Report (including results from the 2009 work program) will be posted on the website once completed.
Previous Results from Three Copper Showings
The Bridge River project contains at least three copper porphyry showings: Nichol, Russnor and BR.
All are hosted by the 12 x 5 kilometre (km) granitic Bridge River Pluton.
The Nichol showing, which covers a 600 by 400m zone, returned values of:
� 4.73% Cu, 32.8 g/t Ag, 0.16 g/t Au and 0.015% Mo over 1m, and 2.08% Cu over 4.5m from trenching
� 3.50% Cu, 34.3 g/t Ag, 0.079% Mo over 8.5m from drilling in 1961.
The Russnor showing, covering an intrusive breccia, returned values of:
� 1.38% Cu over 30.5m sampled from an old adit
� 0.57% Cu over 60m and 1.00% Cu over 16.2m and 0.30% Cu over 36.6m from drilling in 1961.
On the BR showing, previous trenching results include:
� 1.08% Cu, 0.05% Mo across 1m from quartz-sulphide veins;
� 0.14% Cu over 17m from 1960�s trenching and 0.134% Cu over 9m from the bottom of DDH 71-1.
Re-sampling of this trench in 2009 returned 0.25% Cu over 10m.
Mineralization Extended in 2009
The 2009 program extended the known mineralization at the BR showing into the plateau area to the north (Copper Plateau), which is an area more amenable to open pit mining.
Results for the soil survey delineated a 450 by 300-750m copper-in-soil anomaly and returned a maximum value of 4120 ppm Cu.
The anomaly remains open to the south and east.
An isolated soil sample north of the grid returned 1260 ppm Cu, 35 ppb Au and 5.4 ppm Ag.
The Trench results are available on the company�s website
Significant trench results, limited by the length of the trench, are tabulated below.
Trench Width Cu
No. (m) %
TR09-1 1.35 0.69*
TR09-3 7.3 0.13*
TR09-4 1.8 0.45*
TR09-6 5.5 0.10*
TR09-7 1.0 0.36
TR09-9 2.8 0.84*
TR09-11 4.9 0.49*
TR09-13 1.0 0.19
TR09-14 3.0 0.49*
* denotes weighted average
Additional sampling from DDH71-1 on the BR showing returned 0.077% Cu over 31.5m (as a weighted average) from 121.0m to the bottom of the hole at 152.5m and included 0.115% Cu over 9.75m and 0.107% Cu over 12.3m.
Very Favorable Environment for Porphyry Deposits
The Bridge River project lies within a very favorable environment for discovery of a porphyry deposit due to:
1) widespread copper mineralization within the Bridge River Pluton
2) occurrence of mineralized and hydrothermally altered intrusive breccia bodies
3) presence of potassic and phyllic alteration
4) presence of silica-sulphide alteration and stockwork mineralization
5) the property�s location within a known porphyry belt.
Regional Porphyry Occurrences
The property�s potential is also supported by 13 copper gold, molybdenum porphyry occurrences documented within a belt 10-15 km north.
In addition, the Poison Mountain developed prospect is located 60 km to the northeast and contains 280 million tonnes grading 0.261 % Cu, 0.142 g/t Au, 0.007% Mo and 0.514 g/t Ag delineated in one zone.
This deposit is associated with an intrusion similar in age to the Bridge River Pluton.
Work Planned for 2010
An exploration program consisting of excavator trenching and diamond drilling on the Copper Plateau zone at the BR showing is planned during 2010. An airborne geophysical survey, to include magnetic, electromagnetic and radiometrics, is recommended over the entire Bridge River Pluton as is the completion of 1.6 km of trail access into the Russnor showing.
This work will facilitate soil geochemical and geophysical surveys and drilling.
The Bridge River Project is the subject of a technical report dated March 22, 2006 by Jean Pautler, P.
Geo., the Company�s qualified person under NI 43-101 with respect to the technical disclosure concerning the property.
The report is available on the company�s website at www.cresval.com.
For further information please contact:
Jim Baylis or Charles Daley
Tel: 604-682-3701
On Behalf of the Board of Directors
Lee Ann Wolfin
President
This release has been prepared by management.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the corporations control which may cause actual results, performance or achievements of the corporation�s to be materially different from the results, performance or expectation implied by these forward looking statements.
This
press release contains certain forward-looking statements.
Investors
are cautioned that certain statements in this release are
"forward-looking statements" and involve both known and unknown risks,
uncertainties and other factors.
Such uncertainties include, among
others, certain risks associated with the operation of the company
described above.
The Companys actual results could differ materially
from expected results. |
