Fjordland Exploration
Inc.
NEWS RELEASE
Fjordland and Serengeti Expand QUEST Project and Complete
Additional Airborne Surveys
Vancouver, B.C., March 31, 2008 � Fjordland
Exploration Inc. (TSX-V: FEX) and its 50%-50% joint venture partner
Serengeti Resources Inc. (TSX-V: SIR) report that they have acquired by staking an
additional four properties (Oy, Mil, Inz and Duk) and expanded one (Tezz),
northwest of Fort St. James, as a result of the release of geophysical and
geochemical data by Geoscience BC on January 28, 2008 during the Mineral Exploration Roundup meeting in Vancouver. The QUEST joint venture project now
consists of 20 copper-gold properties encompassing in excess of 115,000
hectares. All properties lie within the highly endowed and prospective Quesnel
Terrane.
As reported January 23, 2008, results from 6,624
line-kilometres of airborne magnetometer surveys over the initial 16 properties
within the joint venture project area have led to the prioritization of 11
targets for follow-up ground induced polarization (IP) surveys. Permits have
been received for fieldwork on these from the BC government and the IP surveying
is scheduled to commence the first week of April. The initial joint venture
budget for 2008 is $600,000 and is estimated to include approximately 120
line-kilometres of ground IP surveys, as well as an additional 600
line-kilometres of airborne magnetometer surveys which were completed during
February and March 2008.
David Moore, President & CEO of Serengeti,
comments "We are very pleased to have identified numerous targets for follow-up
ground surveying within the QUEST JV area of interest. North of the QUEST area,
Serengeti has discovered the significant Kwanika copper-gold deposit in part as
a result of drilling of airborne and ground geophysical surveys that identified
new targets, especially in areas devoid of outcrop. We hope to utilize our
expertise gained at Kwanika in the discovery of more buried deposits in this
vastly under-explored region of the Quesnel Trough."
On March 1 2008, Fjordland assumed management of
the QUEST project as stipulated in the Companies� joint venture agreement, which
provides for operatorship to rotate on an annual basis.
About Fjordland Exploration Inc.
Fjordland Exploration is a mineral exploration
company focused on the discovery of copper-gold-molybdenum deposits in British
Columbia and the Yukon. Fjordland has a 60% interest in the 44,000-hectare
Woodjam copper-gold-molybdenum project in south-central British Columbia and is
operator of the project; Cariboo Rose Resources Ltd (TSX-V: CRB) holds the remaining 40% interest. Fjordland
is also the operator of the 50%-50% joint venture with Serengeti Resources Inc.
on the QUEST project, which currently consists of 20 copper-gold properties
encompassing 115,000 hectares. 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, P.Eng./P.Geo.
President
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 of this news release.
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Fjordland Exploration Inc
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EXPLORATEUR |
CODE : FEX.V |
ISIN : CA33833E1034 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
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. |