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CURLEW LAKE RESOURCES INC V.CWQ

"Curlew Lake Resources Inc is engaged in the acquisition, exploration and development of oil and gas properties and mineral properties in Western Canada."


TSXV:CWQ - Post by User

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Post by kirkland49on Sep 19, 2006 9:34am
107 Views
Post# 11383198

Fall program on the Typhoon Gold Property

Fall program on the Typhoon Gold PropertySeptember 19, 2006 Langley, BC, Canada: Curlew Lake Resources Inc. (TSX-V: CWQ) (Pink Sheets CWLXF) announces that crews and equipment have been mobilized to commence a fall program on the Typhoon Gold Property, located about 100 kilometers southeast of Dawson City in the Clear Creek District of the Yukon Territories, Canada. The property consists of 98 Yukon quartz claims covering 17.8 square kilometers. The Typhoon Gold Property is situated within the Tintina Gold Belt to the north of the Tintina fault zone in the Selwyn Basin. The property has excellent road access allowing substantial flexibility in evaluating the area. This program will be completed in 3 stages including a geochemical survey, commencing now, and a trenching and a diamond-drilling program. It is expected that all work will be completed by October 31, 2006. The first stage of the program will involve the collection of soil samples on the western side of the property where a recent ground magnetic survey identified significant new anomalies, as published to the corporate website on August 13th. Positive gold geochemistry in this area will provide additional drill targets to those already established on the eastern side of the property. The second stage of the program will consist of a trenching program. This portion of the program is aimed at providing the Company with geological data, rock samples and a further understanding of the property geology. Lastly the Company will commence the diamond-drilling program announced earlier in the year, which has been delayed due to a shortage of qualified personnel. The company anticipates that the first and second stage of the program will provide additional information, which may greatly expand the known drill targets. The work programs will be carried out under the direction of James A. Turner, P. Geol., and Scott Casselman, P Geol., both identified as qualified persons under NI 43-101. Curlew Lake has arranged additional funds with a private investor to cover the expanded program, which will provide the investor with a 1% NSR Royalty which can be purchased at anytime for $500,000. It is the opinion of management that this provides the Company a great opportunity to create share value without share dilution. The property is 100% owned by the Company, subject only to a total 4% NSR Royalty of which 2% may be purchased at any time for $1,000,000 and another 1% may be purchased at any time for $600,000 in cash or shares. The Company would also like to take this opportunity to provide qualified shareholders with the opportunity to participate in a planned flow-through share private placement to fund the Métis gas project in Alberta. The Company believes this can provide shareholders with a good opportunity for capital appreciation, with additional tax advantages. Interested parties are invited to contact the company directly. This project is classified as a low risk, shallow, natural gas development play with a potential to add significantly to Company value. A multi well drilling program is expected to commence in October 2006. On Behalf of the Board of Directors “Robert B. Pincombe” President For more information contact: Curlew Lake Resources Inc. Robert B. Pincombe, President Tel: (604) 628-1961 Fax: (604) 628-1993 Email: information@curlew-lake.com
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