Lithic Intersects 9.76 Metres of 11.15% Zinc and 14.94 Metres of ...

Tag : zinc

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/21/08 -- LithicResources Ltd. ( TSXV:LTH ) (the "Company") is pleased to report additional assay results forthe Crypto project located in western Utah where zinc-copper-indiummineralization occurs as multiple skarns and replacement bodieshosted in a carbonate sequence near the contact with a high levelfelsic intrusive complex.
Hole C08-12 was drilled as a 60 metre step-out to test the westwardextension of mineralization encountered in holes C08-06 and C08-09.Multiple zones of skarn-hosted mineralization were intersected, thebetter of which included:
The results for hole C08-12 demonstrate lateral continuity of theCrypto deep sulphide zone to the west. Skarn-hosted molybdenitemineralization, similar to that reported previously for holeC08-09, was encountered from 595.88 to 610.82 metres.Intrusive-hosted molybdenite mineralization was observed lower inhole C08-12 and values for this interval will be reported after theresults of infill sampling are received. The presence of molybdenummineralization here and in previous and historical drillingsuggests that it may have been remobilized from a larger underlyingporphyry molybdenum system to which the skarn mineralization atCrypto is peripherally related.
Samples from C08-12 were processed before those for holes C08-10and C08-11 in order to guide a further step-out to the west in holeC08-14. However, oxide zinc mineralization was observed in bothC08-10 and C08-11. Original and infill samples from these holes arecurrently being processed and the results will be reported whenreceived.
The exploration program at Crypto was completed in early July witha total of 10,407.87 metres (34,146.6 ft) having been drilled in 15holes. Mine Development Associates of Reno, Nevada has beenretained to prepare an updated resource estimate for the propertyand work to this end is already under way. The new resourceestimate, along with preliminary metallurgical test work, will beincorporated into a comprehensive NI 43-101 report expected to becompleted later this year. A plan and/or selected sectionsillustrating the locations of holes reported to date are availableat www.lithicresources.com .
Chris Staargaard, M.Sc., P.Geo., is the Qualified Person for Lithicand has reviewed and approved the contents of this news release.
LITHIC RESOURCES LTD.
C.F. Staargaard, President and CEO


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