?The 2008 program achieved its objective of defining a continuous, crescent shaped zone of thick, near surface, high grade copper mineralization with significant by-product values in zinc, silver and gold,? said Stephen Quin, President and CEO of Sherwood Copper.  ?This drilling also provided additional data for a better open pit design and ample material for extensive metallurgical testing. By infilling large gaps in the previous Main deposit model, we expect to increase both the overall grade of the mineral resource and increase the classification for much of this resource,? he said.  Holes WK08-165 and -166 extend the high grade mineralization further westward, while holes WK08-160 and -168 infill two separate gaps in the high grade trend with thick intersections of excellent grade copper mineralization.  ?Our 2008 drill program has significantly improved the continuity of the high grade mineralization, which should result in a robust geological model and a high grade, near surface copper resource with significant zinc, gold and silver by-product values. This new resource estimation is expected before the end of the year,? said Mr.. Quin.

 

Reporting of assay results for all seventy-eight (81 were collared but 3 were abandoned) 2008 exploration holes is now complete.  Five additional drill holes were completed as groundwater monitoring wells in support of ongoing permitting activities.  Two of these water wells intersected the Kutcho footwall VMS horizon that lies 100m to 120m stratigraphically beneath the Main deposit.  One well, RK11 intersected 1.6 metres of 1.24% copper; 1.11g/t gold and 104g/t silver.  This horizon represents a poorly tested exploration opportunity for future consideration..

 

Follow the first link below to view a long section displaying the result of all drilling to date, represented as a grade times thickness plot, pierce points for the 2008 drill holes are included for reference.  The second link shows the same grade times thickness parameters without the 2008 drill data, provided for comparison purposes.

 

 

 

Sherwood Copper?s objective is the profitable production of base and precious metals from high grade, open pit mines in Canada.  Sherwood?s first operating mine, the high grade Minto copper-gold mine in Yukon, Canada, was built on budget and ahead of schedule.  The Minto Mine is one of the highest-grade open pit copper-gold mines in the world, and is forecast to be a low cost producer.  Aggressive exploration on the Minto property has yielded significant success, providing Sherwood the opportunity to ?grow from within? by expanding the resource and reserve base, potentially leading to further production increases.  To further accelerate its production growth, Sherwood intends to pursue merger & acquisition opportunities that fit its business model and, in May 2008, Sherwood acquired 100% ownership in Western Keltic Mines (now Kutcho Copper Corp.), owner of the high-grade Kutcho copper-zinc-gold-silver deposit in northwestern British Columbia..  Sherwood expects to lever off its successful development of the Minto Mine and rapidly advance the Kutcho project to a production decision.  Sherwood has also agreed to combine with Capstone Mining, subject to requisite shareholder and regulatory approvals, creating a new low cost, growth oriented copper producer with two high grade mines and a strong balance sheet.

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Stephen P. Quin, P. Geo., President & CEO for Sherwood Copper Corporation.  The exploration activities at the Kutcho Project site are carried out under the supervision of Brad Mercer, P. Geol., and V.P. Exploration with Sherwood.

 

 

 

Stephen P. Quin 604-687-7545 or Chris Curran 604-687-7545

 

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

 

This document may contain "forward-looking statements" within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this document and the Company does not intend, and does not assume any obligation, to update these forward-looking statements.

 

Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking statements.