Mason Res Corp MSSNF

MNR drills 66.5 g/t Au over 1 m at Corak

[I_luv_GVG]

Hello everyone, Mediterranean drills 66.5 g/t Au over 1 m at Corak 2007-10-02 11:58 ET - News Release Dr. Peter Guest reports MEDITERRANEAN CONTINUES EXPANSION OF POLYMETALLIC POTENTIAL AT CORAK Mediterranean Resources Ltd. has released drill hole results confirming both the grade potential and the northeast extension of the Village zone historic resource area of the Corak gold property held by the Company in northeastern Turkey. Assay results from two diamond (CD-089 and CD-094) and three reverse circulation drill holes (C-100, C-107 and C-109) drilled to an average depth of approximately 217 metres in the eastern area of the Village zone confirm the continuity of the gold mineralization to the northeast and extent of base metal mineralization to the north. High-grade gold values including 66.5 grams per tonne gold over one metre in an 11-metre interval were returned near surface in the Village zone (C-107) with associated significant base metal values. Exploration drilling (CD-094) approximately 100 metres to the north and approximately 50 metres higher in elevation than C-107 returned very long intervals of high-grade sulphide mineralization with grades up to 1.7 per cent lead and 10.9 per cent zinc. Exploration drilling (CD-089) approximately 130 metres to the east of CD-094 at the same elevation returned 8.3 g/t Au over 1.5 metres and another interval graded 8.4 per cent Zn and 2.0 per cent Pb over 3.0 metres close to surface. An exploration drill hole (C-100) drilled to the northeast and at the same elevation as the Village zone returned 8.96 per cent Zn over six metres including 39.4 per cent Zn over one metre near surface. Another exploration drill hole (C-109) close to the latter at approximately the same elevation returned 7.17 per cent Zn over 3.0 metres. In all cases, the silver content is material. These drill hole results confirm the gold grade potential in the Village zone and also an extension of this to the northeast while high sulphide mineralization is prevalent to the north (CD-89 and CD-94). Further exploration drilling will be conducted at depth to test the north extension of high-grade gold quartz veining intercepted in the Village zone. The historic resource potential at Corak, surmised from exploration drilling in the South and Village zones and soil sampling completed by a major mining company in the early 1990s, which predates and is non-compliant with NI 43-101, is 1.8 million tonnes averaging 10 g/t gold. As a qualified person has not performed sufficient work to classify the historical estimate as current mineral resources, the company is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. Refer to the table for detailed results and see the company website for a map of the Corak project area showing the mineralized zones and drill hole locations. From Interval Au Ag CD-089 (m) To (m) (m) (g/t) (g/t) Cu (%) Pb (%) Zn (%) 17.6 20.5 2.9 0.05 1.2 0.02 0.23 0.39 and 30.8 33.8 3.0 0.24 9.8 0.14 1.96 8.40 and 78.6 79.0 0.4 0.18 36.3 0.23 4.92 10.45 and 83.4 85.3 1.9 0.07 1.1 0.02 0.31 0.52 and 98.6 105.5 6.9 0.04 2.0 0.01 0.31 0.61 and 123.1 128.6 5.5 0.48 12.7 0.01 0.05 0.05 and 164.6 172.5 7.9 0.07 3.6 0.01 0.18 0.67 and 172.5 174.0 1.5 1.10 7.2 - 0.08 0.07 and 196.1 197.0 0.9 0.09 12.3 0.25 3.30 3.35 and 199.0 200.9 1.9 0.12 2.1 0.01 0.14 0.53 and 214.5 216.0 1.5 8.93 3.6 0.02 0.10 0.31 and 224.7 226.5 1.8 0.10 1.7 0.01 0.16 0.72 From Interval Au Ag CD-094 (m) To (m) (m) (g/t) (g/t) Cu (%) Pb (%) Zn (%) 24.0 26.0 2.0 0.13 8.7 0.07 0.90 1.72 and 33.0 34.0 1.0 0.33 1.7 0.03 0.31 0.55 and 69.4 70.7 1.3 0.06 1.6 0.01 0.35 0.78 and 89.0 89.9 0.9 0.10 2.6 0.02 0.17 0.62 and 105.2 115.3 10.1 0.07 5.1 0.32 0.43 1.92 incl. 107.9 113.5 5.6 0.07 3.2 0.12 0.61 2.92 and 123.9 132.1 8.2 0.06 3.8 0.12 0.60 2.50 incl. 123.9 125.9 2.0 0.05 7.6 0.30 1.71 8.40 and 144.2 158.5 14.3 0.04 3.4 0.10 0.74 2.47 incl. 145.1 146.2 1.1 0.10 7.0 116 1.68 10.90 and 174.8 176.6 1.8 0.03 2.3 106 0.37 0.80 and 184.0 185.5 1.5 1.73 21.8 - 0.02 0.06 and 191.9 207.6 15.7 0.23 10.2 0.07 1.85 1.26 incl. 202.0 207.6 5.6 0.28 13.3 0.10 3.57 2.20 and 261.0 261.7 0.7 0.15 9.0 0.78 1.10 5.63 and 268.3 271.3 3.0 0.03 3.4 0.10 0.28 0.63 and 271.3 272.8 1.5 1.10 9.9 - 0.02 0.01 and 280.7 281.6 0.9 2.00 0.5 0.01 0.06 0.09 From Interval Au Ag C-100 (m) To (m) (m) (g/t) (g/t) Cu (%) Pb (%) Zn (%) 22.0 28.0 6.0 0.21 6.7 0.11 0.40 8.96 incl. 26.0 27.0 1.0 0.09 10.3 0.36 0.44 39.40 and 31.0 35.0 4.0 0.20 6.3 0.06 0.66 1.51 and 144.0 147.0 3.0 0.36 2.1 0.02 0.14 0.16 and 152.0 153.0 1.0 0.43 38.8 1.15 2.14 7.54 and 168.0 170.0 2.0 0.04 1.4 0.01 0.20 0.73 and 176.0 182.0 6.0 0.33 2.7 0.02 0.22 0.30 and 193.0 194.0 1.0 0.08 2.6 0.02 0.42 1.86 From Interval Au Ag C-107 (m) To (m) (m) (g/t) (g/t) Cu (%) Pb (%) Zn (%) and 11.0 28.0 17.0 0.81 7.7 - 0.02 0.02 and 42.0 49.0 7.0 0.29 1.7 - 0.03 0.04 and 56.0 58.0 2.0 0.53 3.5 - 0.02 0.03 and 79.0 90.0 11.0 6.39 2.9 0.02 0.21 0.79 incl. 85.0 86.0 1.0 66.50 15.1 0.02 0.37 2.27 and 106.0 113.0 7.0 0.27 4.4 0.02 0.46 0.72 incl. 110.0 113.0 3.0 0.19 8.2 0.05 0.91 1.39 and 124.0 128.0 4.0 0.47 7.6 0.29 0.32 1.00 and 135.0 147.0 12.0 0.08 2.3 0.02 0.30 0.76 and 160.0 161.0 1.0 0.09 1.9 0.03 0.31 1.38 and 165.0 166.0 1.0 0.13 1.9 0.04 0.20 0.87 From Interval Au Ag C-109 (m) To (m) (m) (g/t) (g/t) Cu (%) Pb (%) Zn (%) 10.0 22.0 12.0 0.26 2.9 0.03 0.20 0.30 incl. 16.0 17.0 1.0 0.38 6.9 0.04 1.59 0.04 incl. 21.0 22.0 1.0 0.31 2.3 0.08 0.55 2.00 and 25.0 56.0 31.0 0.55 2.3 0.02 0.10 0.33 and 57.0 58.0 1.0 0.10 7.7 0.08 1.69 3.55 and 66.0 69.0 3.0 0.14 17.1 0.50 0.74 7.17 and 76.0 87.0 11.0 0.38 4.1 - 0.06 0.10 and 93.0 94.0 1.0 0.32 10.1 0.23 1.42 1.68 and 123.0 124.0 1.0 2.51 4.1 0.02 0.28 1.29 A diamond drill rig and a reverse circulation rig continue to operate at site. Approximately 14,000 metres of drilling has been completed at Corak of the expanded 20,000-metre drill campaign planned. Assay results, which are taking approximately eight weeks to be received from the time holes are drilled and logged, are being released as they become available. The drill campaign is expected to be completed by the end of November, 2007, and a NI 43-101-compliant resource estimate completed by March 31, 2008. Dr. Peter Guest is the qualified person who has reviewed the data indicated in this news. The ALS Chemex Vancouver, B.C., laboratory is using standard fire assay and atomic absorption methods in performing all gold and multielement analyses. True widths of the narrow high-grade veins reported are indeterminable at this stage. Cheers, I_luv_GVG