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 |   Thu Apr 5, 2007
Mediterranean Commences 2007 Drilling Campaign In Turkey
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| | Vancouver, B.C., April 5, 2007 -- Mediterranean Resources Ltd. (TSX-V: MNR) (the "Company") today announced that drilling has begun on its Tac and Corak gold properties in northeastern Turkey.
The Company's focus will be the continued exploration and development of Tac and Corak through a significant 15,000 metre drill campaign planned for both properties this year that will lead to an update of the NI 43-101 resource estimate announced for Tac, February 7, 2007 and a NI 43-101 compliant resource estimate for Corak. Both compliant resource estimates are expected to be completed by the end of 2007.
A 5,000 metre drill program at Tac, where a diamond drill rig has been mobilized to site, will be concentrated on two mineralized zones, the Copper Creek-Ugur Thrust Zone (CCUZ) and Karsibayir Zone (KB) which were determined in the compliant resource estimate to contain potentially economic concentrations of both gold and copper. The drilling will expand on the mineralization found in the existing resource, both along strike and down dip of the area tested to date in the two zones, including an area to the northeast of the T-6 Valley (forming part of the CCUZ zone) where the greatest concentration of high-grade mineralization has been encountered to-date. This mineralization has been shown to extend to the northeast where drilling in 2006 was too widely spaced to permit a confident interpretation of its extent and limits. Drilling will also be concentrated on the area beneath the T-6 Valley where the CCUZ thrust is considered to have the greatest potential and where lower topographic elevations compensate for any increase in the depth of the mineralized thrust.
A 10,000 metre drilling program at Corak will lead to the verification of historical resources and is expected to lead to a significant expansion of known zones of mineralization. A diamond drill rig has been mobilized to site and a reverse circulation rig is expected to be mobilized shortly. Corak has a historical resource potential suggested by exploration drilling and soil sampling in the early 1990s by Teck Cominco of 1.8 million tonnes averaging 10 g/t gold. The core from diamond drill holes will be split, with one-half to be securely stored and the other half processed and airlifted to the ALS Chemex Laboratory in Vancouver, B.C. for analysis. Assay results are expected to be received within four weeks from the time the hole is drilled and logged.
About Mediterranean Resources Ltd.
Mediterranean Resources Ltd. (the "Company") acquires and develops advanced stage mineral properties of demonstrated potential. Currently the Company is actively working on its two 100% owned properties in Turkey, that saw more then US$4 million of exploration by a major international mining company during the 1990's.
During 2006, the Company outlined at the Tac Property a NI 43-101 compliant Indicated Resource of 773,313 ozs of gold and 34,220,429 lbs of copper on an uncapped basis with average grades of 2.01 g/t gold and 0.13% copper at a 1.0 g/t gold cut-off. Please visit www.medresources.ca for additional information.
For further information please contact:
Peter J. Guest
President & CEO
604-669-3397
Jag S. Sandhu
VP Corporate Development
604-306-1950
www.medresources.ca
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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