DOT Announces 2008 Exploration Program
CALGARY, ALBERTA–(Marketwire – July 31, 2008) – DOT Resources Ltd. (TSX VENTURE:DOT) (“DOT” or the “Corporation”) is pleased to announce it will be completing a deep 3D Induced Polarization/ Resistivity (“IP”) survey on its Dot porphyry copper property (the “Property”) located 17 kilometres south of the Highland Valley Mining complex, in central British Columbia. The purpose of the 3D IP survey is to test the depth extension of the copper-molybdenum mineralization outlined to date on the Southeast zone and to explore the area of low magnetic susceptibility for zones of sulphide mineralization.
The total field magnetometer survey completed over the Property in 2007 located a large area measuring 3 kilometres (“km”) by 1 km of low magnetic susceptibility (see Figure 1) which is interpreted to reflect either:
– alteration, or
– the intersection of cross-cutting structures, or
– a combination of both features
The porphyry deposits located to date in the Highland Valley District all exhibit a combination of the above stated features. The zones of copper mineralization located to date on the property (see News Release dated October 11, 2007) cover a strike length of at least 1,000 metres (“m”) (see Figure 1) and are located on the northeast border of the large area of low magnetic susceptibility. These zones are characterized by widespread copper and more restricted molybdenum mineralization and occur in a broad north- northwest trending shear zone that could represent either:
– a “leakage” zone, or
– a mineralized satellite zone from a deeper mineralized body
The distribution of the copper and molybdenum mineralization in these zones suggests the possibility of two separate mineralizing events.
2008 Exploration Program
The objectives of the 2008 exploration program are to continue the exploration of the targets identified in 2007 and to test the strike and depth extension of the copper-molybdenum mineralization in the Southeast zone. The first phase of the 2008 exploration program is expected to commence in late August and consists of a deep (approximately 200 m below surface) 3D IP survey over the Southeast zone of copper-molybdenum mineralization and the large area of low magnetic susceptibility.
Contingent on the results of the first phase of the IP survey, a second phase of additional IP surveying and diamond drill testing is planned. Diamond drill testing to the southeast and the depth extension of the Southeast zone is also planned commencing in the third quarter 2008.
DOT is a Canadian corporation currently focused on the exploration of its copper property located in central British Columbia. The Corporation is planning to assess future copper and copper-gold properties for exploration and development opportunities throughout North and South America.
DOT shares trades on the TSX Venture exchange under the symbol DOT. The Corporation’s website can be accessed at www.dotresourcesltd.com.
Elmer B. Stewart, MSc. P. Geol., a Director of DOT, is the Corporation’s nominated Qualified Person responsible for monitoring the supervision and quality control of the programs completed within the Dot Project. Mr. Stewart has reviewed and verified the technical information contained in this news release.
This press release includes certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization, exploration results and timing and future plans, actions, objectives and achievements of DOT, are forward-looking statements. Resource estimates also are forward-looking statements as they constitute certain estimates and assumptions as to the mineralization that would be encountered if a deposit is developed and mined. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from DOT’s expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits, the possibility of adverse developments in the financial markets generally, and other risks and uncertainties disclosed under the heading “Caution Regarding Forward- Looking Statements” and in other information released by DOT and filed with the appropriate regulatory agencies.
To view Figure 1 – DOT Property – Total Field Magnetometer Map, please visit the following link: http://media3.marketwire.com/docs/ dmap.pdf.
(c) 2008 Marketwire. Provided by ProQuest Information and Learning. All rights Reserved.