News!!!CLOUDBREAK RESOURCES LTD
Cloudbreak Identifies Priority Drill Targets at Romanian Gold/Copper Project
4/11/2007
VANCOUVER, BRITISH COLUMBIA, Apr 11, 2007 (MARKET WIRE via COMTEX News Network) --
Cloudbreak Resources Ltd. (TSX VENTURE: CDB)(FRANKFURT: C6K) ("Cloudbreak" or the "Company") is pleased to announce it has identified six priority exploration drill targets for the Martin Hill prospect at the Company's 100% owned Muntele Rotund Gold / Copper Property in Romania. The Company has planned an aggressive exploration program for 2007.
Highlights
- Drill targets have been identified on the Martin Hill prospect, based upon previous gold / copper surveys and 2006's work program on the property.
- The final stage of its geophysical program (including ground magnetic survey and IP pole-dipole lines) on the Martin Hill prospect is scheduled to take place in April-May of 2007 to further identify drill targets.
- A first-stage, 600 meter diamond drill program is planned to follow the April-May geophysical program.
Company president, Blair Naughty, commented, "The initial exploration success in Romania is the first step in the Company's efforts to outline a significant gold/copper deposit. With the world-class Rosia Montana gold/silver deposit (15.8 million oz Au; 67.9 million oz Ag) located nearby, Cloudbreak's preliminary findings have left management eager to drill. The planned drill programs will give us a clearer understanding of sub-surface mineralization at this highly prospective project."
Geophysical Survey
The first phase geophysical survey completed on the Martin Hill prospect consisted of ground magnetic and induced polarization ("IP") surveys outlined to identify drill targets. Cloudbreak geological staff's interpretation of the geophysical survey data has provided the Company with a good understanding of the geology at the Martin Hill prospect, increasing the project's potential for discovery of valuable mineral deposits.
The ground magnetic survey was completed using a 25X25 m array, covering approximately 2 km2. The surveyed area was detailed with a grid of 10x10 m covering 0.4 km2, being focused on the rediscovered old exploration pits and gallery.
A one line-kilometer pole-dipole IP survey with 10 meter measure points was completed. This line crosses the middle part the ground magnetic surveyed area, being orientated NNE to SSE. Readings were taken at N equals 1 to 11 separations allowing an effective depth penetration of approximately 180 metres. The measurements were pre-processed into pseudo-sections which were inverted to reach a more accurate model.
The magnetic survey outlines a number of high values of the total magnetic field (up to 51, 000 nT) being correlated with the mapped magnetite-skarn and intrusive rocks. In places, the high value of the total magnetic field has a direct correlation with maximum of chargeability and low resistivity, being interpreted as potentially mineralized areas.
Martin Hill Prospect Geology and Mineralization
The Martin Hill prospect is approximately 7 km2 and is located in the central part of the license area. The geology consists of magmatic rocks of likely Neogene age, intruding primarily limestone, sandstones and shales of Upper Cretaceous age. Along the contact much of this has been converted to magnetite-garnet skarn and chloritic hornfels bodies.
According to historical surveys, a Hematite - Chalcopyrite mineralization has been located in the skarn body. This mineralization has been emphasized and detailed in recent rock surveys. Mineralized skarns collected from the float, are oxidized and indicate a gossan zone in the area. A new geophysical program (ground magnetic survey and IP pole-dipole lines) is scheduled to provide further data, to outlining new drill targets and increasing the potential for discovery of economic mineral deposits.
Marvin Mitchell, P. Geo, a director of Cloudbreak Resources and qualified person as identified by National Instrument 43-101, has reviewed and verified the technical content of this release.
Cloudbreak Resources Ltd. is a mineral exploration company with projects in Nevada, Romania and Turkey. Company management seeks to increase shareholder value through the identification, acquisition and exploration of mineral exploration projects of merit worldwide.
On Behalf of the Board
Blair Naughty, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Progressive IR Blair Naughty (604) 689-2881 Website: www.cloudbreakresources.com
SOURCE: Cloudbreak Resources Ltd.
https://www.cloudbreakresources.com
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