DOT Expands Diamond Drilling Program
12 Janvier 2010 - 12:30PM
Marketwired
DOT Resources Ltd. (TSX VENTURE: DOT) ("DOT" or the "Corporation")
is pleased to announce that it will be expanding its 2009 diamond
drilling program on its 4,800 acre, 100% owned Dot porphyry copper
+/- molybdenum, gold, silver property located 17 kilometres south
of the Highland Valley Mining District, in south-central British
Columbia.
The previously announced 2009 diamond drilling program has been
completed. The planned program consisted of drilling up to 10 holes
for a total 3,000 metres ("m"). The actual program completed was 11
holes for a total of 3,400 m. The holes drilled ranged in depths
from 250 to 450 metres.
Of the 11 holes drilled, 5 were on the Southwest Zone, 4 on the
West Zone and 2 on the Northwest Zone. While limited assay results
have been received from 6 of the 11 holes, the data has yet to be
compiled and interpreted.
DOT anticipates expanding the drilling program by at least 900 m
(3 holes). Given success, additional holes could be drilled. The
first of the holes to be completed in 2010 was collared on January
8, 2010.
"We are very encouraged by the visual inspection of core from
our diamond drilling program," stated John J. Komarnicki, Chairman
and CEO of DOT. "As a result, DOT has decided to continue this
drilling program into 2010 to take advantage of drilling what we
believe to be other highly perspective targets."
It is anticipated that the analytical results will be received
and interpreted before the end of January. Once completed, the
detailed results will be made available thereafter.
The objective of the ongoing drilling program is to test
geophysical targets that are interpreted to be areas of copper
mineralization. DOT's current independent reported NI 43-101
mineral resource base at a 0.20% copper cut-off is 4.47 million
tonnes of Indicated resource grading 0.42% copper, 2.90 g/t silver,
0.04 g/t gold and 0.01% molybdenum (0.56% copper equivalent) and
2.39 million tonnes of Inferred resource grading 0.4% copper, 2.89
g/t silver, 0.03 g/t gold and 0.004% molybdenum (0.51% copper
equivalent) (see DOT News Release dated May 27, 2009).
ABOUT DOT
DOT is a Canadian corporation currently focused on the
exploration and development of its copper property 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.
Forward-Looking Statements
Certain statements contained in this news release constitute
"forward-looking statements" as such term is used in applicable
Canadian and US securities laws. These statements relate to
analyses and other information that are based on forecasts of
future results, estimates of amounts not yet determinable and
assumptions of management. In particular, the statement concerning
the expanded drilling program and other factors or events described
in this news release should be reviewed as forward-looking
statements to the extent they involve estimates thereof.
Such forward looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Corporation to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such risks
and other factors include, among others, the inability to complete
the expanded drilling program as anticipated; general market
conditions and such other business risks as discussed herein and
other publicly filed disclosure documents. Although the Corporation
has attempted to identify important factors that could cause actual
events or results to differ materially from those described in
forward-looking statements, there may be factors that cause
actions, events or results not to be as anticipated, estimated of
intended. There can be no assurance that such statements will prove
to be accurate as actual results and future events could vary or
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements contained in this news release.
Forward-looking statements are made based on management's
beliefs, estimates and opinions on the date the statements are made
and the Corporation undertakes no obligation to update
forward-looking statements should these beliefs, estimates and
opinions or other circumstances change, except as required by
applicable law. Investors are cautioned that such forward-looking
statements involve risks and uncertainties. The forward-looking
statements contained herein are expressly qualified by this
cautionary statement.
Neither the TSX Venture Exchange Inc. nor its Regulation
Services Provider (as that term is defined in the Policies of the
TSX Venture Exchange Inc.) accepts responsibility for the adequacy
or accuracy of this release.
Contacts: DOT Resources Ltd. Elmer B. Stewart Qualified Person
+1 (403) 680-9584 DOT Resources Ltd. Ihor P. Wasylkiw Chief
Information Officer +1 (403) 264-2647 DOT Resources Ltd. Don D.
McKechnie Chief Financial Officer + 1 (403) 264-2647
(TSXV:DOT)
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