To: Goose94 who wrote (19192 ) 6/30/2016 10:17:28 AM From: Goose94 Read Replies (2) | Respond to Colorado Resources (CXO-V) June 30, '16 announces the drilling progress on the Inel Zone at the KSP Property under option from SnipGold Corp. (see News Release dated December 20, 2013) which was recently acquired by Seabridge Gold Inc. on June 21, 2016. "We welcome Seabridge and look forward to working with our new partner on the 30,504 hectare KSP project in the Heart of the Golden Triangle, in which we have an option to earn up to an 80% interest. Colorado also holds a 100% interest in the 32,825 hectare KingPin Property on trend to the southeast, thus totaling more than 65 km of prospective strike under Colorado's direction. "We have completed an incredible 15 drill holes and nearly 2,000 m of drilling in less than two weeks with one drill rig. Our exploration team and contractors are to be commended for their accomplishments as we have been the first to commence exploration in the area to get a head start on the 2016 field season. Drill core samples have and will continue to be sent to the assay laboratory as drilling continues and we anticipate assay results by mid-July on the first half of our initial phase of drilling in the Inel area. "We also continue to advance our geological concepts of the Inel Zone and are noting geological similarities and linkages with the Khyber Zone located approximately 2 kilometres to the south suggesting that the gold mineralized system may be potentially larger than originally understood (see Figure 1)." http://media3.marketwire.com/docs/1061069Figure1.pdf Qualified Person About Colorado ON BEHALF OF THE BOARD OF DIRECTORS OF COLORADO RESOURCES LTD. www.coloradoresources.com
