Cloudbreak to Commence Drill Program on "Dowd Lake Coal Property", Saskatchewan
Thu Jul 23, 10:25 AM
ca.news.finance.yahoo.com
VANCOUVER -- Cloudbreak Resources Ltd. (the "Company") (TSX VENTURE: CDB.V)(PINK SHEETS: CUDBF.PK)(FRANKFURT: C6K) announces that CorePro Drilling Inc., of Tisdale, Saskatchewan will be mobilizing a drill rig to the "Dowd Lake Coal Property" south of Wapawekka Lake, near La Ronge, Saskatchewan on July 26, 2009 and drilling is scheduled to begin on Monday, July 27, 2009. Roke Technologies Ltd. of Calgary, Alberta, will be mobilizing a downhole geophysical logging unit during the same time. The drill program will entail drilling a minimum of six (6) diamond drill holes of approximately 80 - 150 meters in depth each, with the option to drill an additional four (4) exploration holes. This Phase I drill program is designed to confirm and validate the "Discovery Hole" drilled in 2000 by Golconda Resources which intercepted 145 meters of "coal seams of varying thickness interlayered in unconsolidated sandstone" as well as the 1993 Consolidated Pine Channel reported coal interception (see Company News Release of May 12, 2009). Each of the planned holes is targeted to test the Cretaceous Mannville Formation's near surface expression on the Property. The "Dowd Lake Coal Property" is comprised of a total of 96 Coal Prospecting Permits issued to the Company by the Saskatchewan government, which cover approximately 182,000 acres of prospective coal bearing lithologies.
Should the Phase I drilling prove positive, the Company would design and conduct a second phase of drilling exploration with the intent of outlining potential coal resources on the "Dowd Lake Coal Property". Company Director Paul D. Gray, P.Geo. will oversee the Phase I coal exploration drill program.
The Dowd Lake Coal Property, which lies south of Wapawekka Lake, has been identified in GSC paper 89-4 (G.G.Smith, 1989) to host "coal which was misidentified as Lignite in the Wapawekka pit...and this coal maybe Sub Bituminous C coal". This area has also been identified by Pearson in 1961 as "Silica Sand and Coal Occurrences on Wapawekka Lake" of Cretaceous age. Within this report Pearson states, "The coal outcrops at Wapawekka Lake...(which may indicate the northern edge of a coal field lying to the south, southwest and west of Wapawekka Lake").
Mr. Richard Macey, President, reports, "Company management is excited to test this compelling exploration target and has been working toward this program for more than 9 months. Funds raised from previous Private Placements have enabled the Company to move forward with the exploration of the Dowd Lake Coal Property. Cloudbreak continues to focus on its goal of increasing shareholder value through strategic targeted exploration campaigns."
This news release has been prepared on behalf of the Cloudbreak Resources Board of Directors, which accepts full responsibility for its contents. The technical contents of this release have been reviewed and approved by Paul D. Gray, P.Geo., a qualified person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD
Richard Macey, President & Director
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.
Contacts: Cloudbreak Resources Ltd. Rich Macey (604) 669-0401 or Toll Free (877) 669-0401 Cloudbreak Resources Ltd. Craig Naughty (604) 669-0401 or Toll Free (877) 669-0401 (604) 669-0414 (FAX) www.cloudbreakresources.com
SOURCE: Cloudbreak Resources Ltd.
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