VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 8, 2014) - Fjordland Exploration Inc. (TSX VENTURE:FEX) is pleased to report that Sumac Mines Ltd., a subsidiary of Sumitomo Metal Mining Co. Ltd. of Japan, has approved a 2014 budget and work program, estimated at approximately $950,000, for the Dillard porphyry copper-gold project located between Merritt and Princeton in southern BC. The programs, which are a follow up to last year's approximately $800,000 work programs, will include approximately 2,500 metres (m) of diamond drilling, approximately 2,000 m of trenching and geological mapping and prospecting over the entire property. Fjordland will be the operator of the project.
At Dillard West, drilling will test for additional mineralization, including possible depth extensions of mineralization in holes that bottomed in mineralization during Placer Dome's 1991 historic diamond drilling program (2030 m in 11 holes) on the Dill (Primer South) property. Drilling in 1991 intersected 207 m grading 0.25% Cu. A limited 2013 diamond drilling program by Fjordland, consisting of 1,558 m in four deep holes, included an assay interval of 403 m grading 0.136% Cu and 71.6 ppb Au, including 158.5 m grading 0.201% Cu and 93.7 ppb Au. Numerous other intersections of copper and gold mineralization were reported in a news release dated October 24, 2013. Much more drilling is required to establish the size, geometry and tenor of the copper and gold mineralization. The Dillard West target, measuring approximately 1,400 m by 1,200 m, includes coincident induced polarization (IP) chargeability and copper and gold in soils anomalies. Chalcopyrite, pyrite and minor bornite mineralization occurs within altered Nicola Group andesitic rocks and coeval intrusive dioritic rocks.
At Dillard East, two reconnaissance diamond drill holes completed in 2013 by Fjordland tested an IP chargeability and metal factor anomaly. The area tested was only a small portion of the 2,000 m by 1,500 m target; several other areas with coincident copper and gold soil anomalies remain to be tested, including an area where a grab sample assaying 1.64% copper was obtained in 2011.
Tom Schroeter, President & CEO of Fjordland states: "We look forward to an expanded drilling program on the Dillard West target this season, as well as a trenching program on the Dillard East target, to guide additional drilling. We plan to start work in June."
Further information about the Dillard Property and the Aspen Grove copper-gold camp is available on Fjordland's website at: http://www.fjordlandex.com/dillard_property.html.
T.G. Schroeter, P.Eng./P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.
About Fjordland Exploration Inc.
Fjordland Exploration Inc. is a mineral exploration company focused on the discovery of copper and gold deposits in British Columbia. Fjordland currently has a portfolio of 18 properties. It has a 100% interest in 6 properties known as "Tak" totalling 43,486 hectares (ha) near the Woodjam property in the Cariboo region of central BC. Fjordland and Serengeti Resources Inc. are (50/50) partners in the "Milligan West" project totalling 15,736 ha, adjoining Thompson Creek Metals Ltd's Mt. Milligan copper-gold mine which came into production in late 2013. Fjordland and Serengeti are 35%/65% partners exploring 8 precious and base metals properties ("QUEST" project) totalling 22,367 ha, in the Quesnel terrane between the Mount Polley and Mt. Milligan mines. Fjordland has a 100% interest in the St. Mary's property totalling 13,600 ha in the Iron Range area, southern BC. Fjordland has options to acquire a 100% interest in the adjoining Dillard and Dill (collectively named "Dillard") copper and gold properties totalling 2,592 ha. Fjordland has an option to acquire a 100% interest in the Heffley Property totalling 4084 ha. Fjordland's shares trade on the TSX Venture Exchange under the symbol "FEX". For further information visit Fjordland's website at www.fjordlandex.com
About Sumac Mines Ltd.
Sumac Mines Ltd. (Sumac) is a mineral exploration company based in Vancouver and a subsidiary of Sumitomo Metal Mining Co., Ltd. (SMM). Sumac has explored many copper projects in British Columbia since the early 1970s, resulting in the discovery of the Kutcho Creek deposit in the northern part of the province. Sumac is currently exploring for copper and gold in British Columbia and the Yukon. The parent company, SMM, is an integrated non-ferrous mining, smelting and manufacturing company, headquartered in Tokyo, Japan. SMM operates the Hishikari gold mine in Japan and the Pogo gold mine in Alaska, and has invested in many large copper mines worldwide.
Tom Schroeter, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.