CZM Outlines 2008 Exploration Plans, Tag Gold-Silver Project, B.C.
Posted on: Tuesday, 1 April 2008, 09:00 CDT
CZM Capital Corp., (TSX VENTURE: CZM), is pleased to announce that exploration will resume on May 20th at the TAG gold-silver property located on Taku Arm of Tagish Lake some 35km due west of Atlin in Northern B.C. Since April 2006, CZM has drilled a total of 8,072m in 49 drill holes to assess the gold-silver potential of the 025 Fault Zone ("025FZ") and has obtained numerous intersections of interest. Please refer to previous press releases available at www.czmcapital.com to obtain all reported weight averaged drill intersections.
The 025FZ is a highly deformed interval of shearing, quartz veining, stockwork and breccia with disseminated to stringer sulphide mineralization that cuts calcareous sedimentary rocks. It can be traced for a distance of 6.2km on the TAG property. Sediment-hosted, structurally controlled gold deposits are some of the world's most significant gold resources. The TAG property shows all the features that characterize these deposit types.
The 2008 exploration program will include up to 5000m of drilling focused along a 2.4km segment of the 025FZ at the far south end of the structure. A strong linear gold-silver-arsenic-antimony geochemical anomaly and the drill results to date indicate that this part of the 025FZ has the best gold-silver potential in the near term. Also numerous surface targets that were generated by airborne geophysical and soil geochemical surveys completed in 2007 will be examined in 2008 by prospecting and sampling. CZM also intends to mobilize a Kubota excavator onto the property in order to trench several promising gold-silver zones found at surface.
"We are looking forward to a very busy exploration season on the TAG property this year. The data from the two previous seasons has given us a much better understanding of the property. This year's exploration will be focused more than ever along the southern third of the 025FZ," comments Zak Dingsdale, President of CZM.
Mark Fekete, P.Geo is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for reviewing this release.
CZM Capital Corp. is a mineral resource company focused on the exploration and development of precious metal properties in Canada with a particular emphasis on the Tagish Lake region of Northern British Columbia.
Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above and in the corporation's periodic filings with the British Columbia Securities Commission and the U.S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not intend to update this information and disclaims any legal liability to the contrary.
Shares Issued 25,098,750
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts: CZM Capital Corp. Zachery Dingsdale President 1-800-610-9552 Email: zak@czmcapital.com CZM Capital Corp. 204 - 700 West Pender St. Vancouver, BC, V6C 1G8 (604) 642-0115 or Toll Free: 1-866-345-0115 (604) 642-0116 (FAX) Email: investor@czmcapital.com Website: www.czmcapital.com
SOURCE: CZM Capital Corp.
Source: MARKET WIRE
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