Turnberry Announces Results of 2012 Work Program
2012 Program Results
The 2012 program consisted of 555.4 meter of NQ2 sized diamond drilling along with a ground geological mapping and geochemical sampling program, including the collection of 16 rock samples and 303 soil samples. The diamond drilling program further tested the Dardenelles vein system, with four holes drilled off two drill pads, testing the southern and western extension of the known mineralized vein, along with potential structural repeating of the vein below and above the known mineralized interval. A total of 233 core samples were sent to Inspectorate Labs in Richmond, BC for analysis. Drill-hole results are summarised in Table 1, below.
Table 1 - 2012 Drilling Intersections
Hole From (m) To (m) Length (m) Au (ppm) Ag (ppm)
WH12010 No significant results
WH12011 No significant results
WH12011 No significant results
WH12012 No significant results
WH12013 165.59 166.46 0.87 2.29 3.2
Although anomalous (>200 ppb) gold was intercepted in every hole of the 2012 program, all associated with quartz veining, only the intercept of the Dardanelles vein in hole WH12013 returned gold values of potential economic significance. This is the only instance where a granitic intrusion was intercepted, known to control the mineralization content in the Dardanelles vein system. The strong correlation between silver and bismuth-antimony suggest an intrusive source for the mineralized material.
The base of the Kitchener Formation, the stratigraphic horizon equivalent to that which hosts the Spar Lake deposit in Montana, USA, was successfully mapped out. A minimum of four extensive quartzite horizons have been located to date within property boundaries, with one of them known to host chalcopyrite mineralization comprising the Copper Creek showing. Anomalous soil geochemical samples located 250 meters to the southeast of the Copper Creek showing indicate that more work is recommended to follow up this target.
Anomalous soil geochemistry over a 250 meter strike length has also indicated potential structurally-hosted gold mineralization in a new location on the property. Base-metal mineralization was also located and noted to be associated with a mafic intrusive stock discovered on the property. Both these targets warrant additional follow-up work.
Over the 2012-2013 winter season, Turnberry and Eagle Plains staked a total of 334.38 hectares of ground surrounding the existing Wildhorse tenures, bringing the total surface area to 689.61 hectares. This newly-acquired ground expands the potential for both the Sedimentary Hosted Copper and Intrusion Related Gold targets.
2012 Program Details
Drill-site supervision and project management was provided by A.A. Higgs, of TerraLogic Exploration Ltd., a wholly-owned subsidiary of Eagle Plains based in Cranbrook, B.C. Contact diamond drilling was provided by FB and helicopter support by Bighorn Helicopters, both also of Cranbrook. The project was conducted under the overall supervision of Tim J. Termuende, hereby identified as the "Qualified Person" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
ON BEHALF OF TURNBERRY RESOURCES LTD.
David De Witt
Chief Executive Officer and Director
This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements include, but are not limited to, statements with respect to the completion of the exploration program, diamond drilling activity, the ground based geological and geochemical work and the completion of the transactions contemplated by the option agreement between Turnberry Resources Ltd. and Eagle Plains Resources Ltd. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Certain of the statements made herein by Turnberry Resources Ltd. are forward-looking and subject to various risks and uncertainties, both known and unknown, many of which are beyond the ability of Turnberry Resources Ltd. to control or predict. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Forward-looking information is subject to known and unknown risks and uncertainties that may cause Turnberry Resources Ltd.'s actual results, performance or achievements may be materially different from those expressed or implied by such forward-looking information, and are developed based on assumptions about such risks, uncertainties and other factors set out here in, including but not limited to the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the potential for delays in exploration or development activities, mine development and production costs, the projected life of the Company's mines, future production levels, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including environmental regulatory restrictions and liability, competition, loss of key employees, and other related risks and uncertainties. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Turnberry Resources Ltd.
C. Warren Beil, Corporate Secretary
(604) 688-0094 (FAX)