News
April 15, 2010 Vancouver, BC, April 15, 2010 -- Central Resources Corp., (TSX-V: CBC) ("Central" or the "Company") is pleased to announce analytical results from its winter drill program on the Newman Todd gold project in Red Lake, Ontario. The 2,450 metre core drilling program consisted of six holes all of which encountered gold mineralization. Highlights of the program include: hole NT-055 which intersected 24.0 g/t gold over 1.0 metre and Hole NT-053 which intersected 11.6 g/t gold over 0.5 metre. "We continue to be impressed with the gold results at Newman Todd," said Paul Reynolds, President of Central Resources. "Although we are still in the early stages of exploration of this gold system, our work to date has identified significant gold mineralization within the two kilometre long breccia corridor and we look forward to continued success as we further test the breccia structure." Gold mineralization at Newman Todd is hosted within a quartz-carbonate breccia structure at least 2,000 metres long and up to 150 metres wide, which has now been drill tested intermittently over a distance of approximately 1,150 metres. Drilling has generally focused on three areas within the breccia body (the Heath Bull, Hinge and NE Breccia zones) which are all part of the larger Newman Todd Structural Corridor and which are constrained only by the limits of drilling. Gold is generally associated with pyrite and magnetite mineralization within quartz-carbonate veins and breccias, and related zones of iron carbonate alteration and silicification of host rocks. All mineralized zones currently remain open along strike and to depth within the wider breccia body. Heath Bull Zone The Heath Bull Zone, located at the southwestern end of the structural corridor, hosts the highest grade gold values intersected to date, with seven intervals ranging from 12 g/t to 69 g/t gold over 1.0 metre. The latest intercept in hole NT-055 (24.0 g/t gold over 1.0 metre) is located approximately 50 metres below and 50 metres along strike (to the northeast) from the high-grade intercepts in holes NT-031 (69.02 g/t gold over 1.0 metre) and NT-040 (61.20 g/t gold over 1.0 metre). Hinge Zone The Hinge Zone lies roughly 500 metres to the northeast, approximately mid-way between the Heath Bull and NE Breccia zones. The gold intercept in hole NT-053 (11.6 g/t gold over 0.5 metre) is located approximately 50 metres southwest of the high grade intercept in hole NT-042 (25.7 g/t gold over 1.0 metre). NE Breccia Zone The NE Breccia Zone is located a further 400 metres to the northeast from the Hinge Zone. Drilling has returned both high grade results and wider zones of lower grade material. Drill hole NT-036 returned a high grade intercept of 16.35 g/t gold over 1.0 metre, while hole NT-043 intersected 2.96 g/t gold over 9 metres, which includes several one metre intervals of 5 to 6 g/t gold. Drill Summary:
Management is compiling results from all of the drill programs while a field program of trenching, sampling and geological mapping is being conducted prior to our next drill program. The Newman Todd property is located in the Red Lake gold camp which is one of the richest gold regions in the world and includes Goldcorp's Campbell and Red Lake mines. Central has an option from Redstar Gold Corp. (TSX-V: RGC) to earn a 60% interest in the property by incurring $6.5 million in exploration work and issuing 1,250,000 shares to Redstar over 4 years. The work program at Newman Todd was supervised by Bob Singh P. Geo., who is a qualified person under the definition of National Instrument 43-101, and serves as Exploration Manager, Canada for Redstar Gold Corp. Mr. Singh is responsible for all aspects of the work including the quality control/quality assurance program. On-site personnel at the project collect and track samples which are then sealed and shipped to ALS Chemex of Vancouver, BC for analysis. ALS Chemex is an ISO accredited laboratory. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence by on site personnel in order to independently assess analytical accuracy. Finally, blind duplicate samples are forwarded to ALS Chemex for additional quality control. Peter Thiersch, M. Sc., P. Geo., a "Qualified Person" as defined by National Instrument 43-101, has reviewed and approved the technical disclosure in this news release, based on information provided by Redstar Gold. About Central Resources Central Resources Corp. is a junior mineral exploration company created to leverage the extensive knowledge and expertise of an experienced team of financial and resource industry professionals. The Company's key assets are the Newman Todd gold project in Red Lake, Ontario and Tam porphyry copper prospect in Central BC. Management is also actively seeking additional exploration opportunities. Contact: Paul Reynolds President and CEO Central Resources Corp. Tel: 604-630-3731 Email: info@centralres.ca Website: www.centralres.ca Tim McNulty CFO Central Resources Corp. Tel: 604-630-3734 Email: info@centralres.ca Website: www.centralres.ca Neither 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. This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the results of exploration activities -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
