Fjordland Exploration Inc.
510 Burrard Street, Suite 510
Vancouver, BC V6C 3A8
Tel: 604-893-8365
www.fjordlandex.com
NEWS RELEASE
Fjordland Acquires Moffat Property, South of Woodjam Gold-Copper Projects, BC
Vancouver, B.C. September 17, 2009 � Fjordland Exploration Inc. (TSX-V: FEX) has acquired a 100% interest in eleven new claims totalling 4,548 hectares (Moffat Property), about 30 kilometres south of Horsefly in central British Columbia. The new property is situated approximately 6 kilometres south of the Woodjam Joint Venture�s (60% Fjordland and 40% Cariboo Rose Resources Ltd - TSX-V: CRB) newly discovered Southeast Zone copper-molybdenum-gold mineralization on its recently expanded �Woodjam South� Property (13,388 hectares), where drilling of hole WJ-08-84 in 2008 intercepted 201 metres grading 1.01% copper and 0.44 g/t gold. The Moffat property adjoins part of the Woodjam South property to the south (a map of the property will be available shortly on the Company�s website www.fjordlandex.com).
The acquisitions were completed to cover prospective ground in an area covered by extensive overburden, but interpreted to cover a geological contact zone between alkalic and calcalkalic intrusive bodies, which are known locally to host significant quantities of gold-copper-molybdenum porphyry-style mineralization.
Fjordland acquired nine of the claims that comprise the Moffat property by staking. For a 100% ownership in two additional claims totalling 869.7 hectares, Fjordland will pay to John Peters, a consultant to the Company, $349.25 to cover the cost of staking and issue 20,000 shares of Fjordland Exploration Inc., subject to approval of the TSX Venture Exchange.
The Moffat property includes the Harrison Creek occurrence which was discovered by the BC Geological Survey Branch (GSB) during its 2008 mapping program. The occurrence was exposed as a result of 2008 logging, and comprises pyrite, chalcopyrite, magnetite and malachite within and along quartz-epidote-potash feldspar veins that cut monzodiorite. A grab sample of this mineralized vein material, taken by the GSB, returned 1671 ppm copper, 1432 ppm silver and 105 ppb gold. During a recent visit to the area, Fjordland geologists noted areas of extensive 2009 logging activities that have exposed numerous new outcrops of a similar geological nature as noted above. The Company is looking forward to conducting follow-up work.
About Fjordland Exploration Inc.
Fjordland Exploration Inc. is a mineral exploration company focused on the discovery of gold, copper and molybdenum deposits in British Columbia. Fjordland (60% interest) and Cariboo Rose Resources Ltd. (TSX-V: CRB) (40%) comprise the Woodjam Joint Venture. Gold Fields Horsefly Exploration Corporation, a member of the Gold Fields Limited (NYSE: GFI) group of companies, may earn up to a 70% interest in the 40,750-hectare Woodjam North gold-copper property by spending $19 million on exploration over 7 years; a $3 million exploration program is currently in progress. The Woodjam Joint Venture, with Fjordland as operator, owns the Woodjam South property which adjoins the Woodjam North property. Fjordland and Serengeti Resources Inc. (TSX-V: SIR) each hold a 50% interest in the QUEST project to explore 11 properties totalling approximately 100,000 hectares in the heart of British Columbia�s Quesnel Terrane for precious and base metals. The Mil gold property is scheduled for drilling this fall. Shares of Fjordland Exploration Inc. trade on the TSX Venture Exchange under the symbol �FEX�. For further information visit the Company�s website at www.fjordlandex.com.
Tom Schroeter
President & CEO
Contact:
John Gomez,
Manager, Investor Relations
Tel. 604-893-8365
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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Fjordland Exploration Inc
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EXPLORATEUR |
CODE : FEX.V |
ISIN : CA33833E1034 |
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Fjordland Expl. est une société d’exploration minière d'argent et d'or basée au Canada. Fjordland Expl. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont ASHBY, WOODJAM, QUEST JV, QUEST et BC PROPERTIES au Canada. Fjordland Expl. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,6 millions CA$ (1,1 millions US$, 1,0 millions €). La valeur de son action a atteint son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$, et son plus haut niveau récent le 15 septembre 2017 à 0,59 CA$. Fjordland Expl. possède 103 780 000 actions en circulation. |