Colorado Completes Initial 4 Hole Drill Program at North Rok
(via Thenewswire.ca)
COLORADO RESOURCES LTD. (TSX-V: CXO) ("Colorado" or the
"Company") is pleased to report that further to its April
30, 2013 news release, it has now completed two additional diamond
drill holes NR13-003 and NR13-004 on its North ROK copper-gold
property, located approximately 190 kilometres north of Stewart B.C
and along Highway 37 south of the village of Iskut.
NR13-003 was a -80 degree hole at a 040? azimuth collared at the same
location as Drillhole NR13-001 and was terminated at a depth of 594
metres. NR13-004 was a -45 degree hole at 040? azimuth collared 100
metres to the southeast of NR13-001 and was terminated at a depth of
404 metres. Samples are currently being processed and will be sent to
the laboratory shortly. The assay results of all drillholes will be
released once analyses have been received and are subject to QA-QC
review.
While awaiting assay results the Company has commenced surface
geological, geophysical and archeological surveys in order to
facilitate the placement of additional drillholes. The archeologists
are onsite completing an initial Archeological Impact Assessment
survey that is required to allow for the expansion of the drill
program.
Once the geological, geophysical and archeological programs are
completed, the data will be interpreted and compiled with the results
from the recently completed drill holes and a plan will be formatted
to design and re-commence an expanded diamond drill program.
The Company as part of its exploration program recently acquired 3
additional mineral claims through staking expanding its North ROK
Property area from 3,449 hectares to 5,188 hectares.
Qualified Person
Greg Dawson, P.Geo. is the Qualified Person as defined by National
Instrument 43-101 who supervised the work program and preparation of
the technical data in this news release.
TO VIEW MAP COPY URL ADDRESS BELOW INTO NEW BROWSER WINDOW
http://thenewswire.ca/client_files/2013-05-16-3.pdf
About Colorado
Colorado is engaged in the business of mineral exploration for the
purpose of acquiring and advancing mineral properties located in
British Columbia and the Yukon and is also aggressively seeking
quality properties in the US southwest and Latin America. Colorado's
current exploration focus is on the Red Chris area.
ON BEHALF OF THE BOARD OF DIRECTORS OF
COLORADO RESOURCES LTD.
"Adam Travis"
Adam Travis
President and Chief Executive Officer
For more information, please contact:
Adam Travis, President and Chief Executive Officer or
Terese Gieselman, Chief Financial Officer and Secretary
T: (250) 768-1511
F: (250) 768-0020
TF (855) 768-8511
NR 13-06
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within the
meaning of Canadian securities laws. Such information includes,
without limitation, information regarding proposed exploration
activities. Although the Company believes that such information is
reasonable, it can give no assurance that such expectations will prove
to be correct. Forward-looking information is typically identified by
words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions investors that
any forward-looking information provided by the Company is not a
guarantee of future results or performance, and that actual results
may differ materially from those in forward-looking information as a
result of various factors, including, but not limited to, the state of
the financial markets for the Company's equity securities, the state
of the market for gold or other minerals that may be produced
generally, recent market volatility; variations in the nature, quality
and quantity of any mineral deposits that may be located, the
Company's ability to obtain any necessary permits, consents or
authorizations required for its activities, to raise the necessary
capital or to be fully able to implement its business strategies and
other risks associated with the exploration and development of mineral
properties.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2013 TheNewswire - All rights reserved.
