Stock Info
| September 19, 2008 Orebodies Announces Coral Rapids Limestone Drill Program | |
| TORONTO, SEPTEMBER 19, 2008 -- Canadian Orebodies Inc. (TSXV: CO) the ("Company") is pleased to announce that a drill program has commenced on its Coral Rapids property to test the potential of the known limestone deposit. The Company has contracted Cartwright Drilling Inc. (independent of the Company) of Goose Bay, Labrador to complete the drilling program. The program is designed for the purposes of collecting a bulk sample and calculating a National Instrument 43-101 compliant resource estimate. The bulk sample is required for several tests that will establish the grade and quality of the limestone. Information to be gathered from this drill program and subsequent tests will be used to determine further work programs on the deposit and to give indication if production from the deposit would be feasible. Logistically the Coral Rapids property is situated in a very advantageous area, located approximately 130 kilometres north of Smooth Rock Falls. There is road access to the property with both hydro and rail lines running directly over the property. Additional information with respect to the Coral Rapids Project is contained in the technical report dated October 6, 2004, relating to the Coral Rapids Project entitled "Technical Report on the Coral Rapids Don McKinnon Property for Baltic Resources Inc." (the "Coral Rapids Technical Report"). A copy of the Coral Rapids Technical Report may be obtained from SEDAR at www.sedar.com. This press release has been prepared under the supervision of Mr. John Boissoneault (P. Eng.), who is an independent consultant to the Company and a "qualified person" as such term is defined in National Instrument 43-101. Mr. Boissoneault has reviewed and approved the technical information disclosed in this press release. For more information please contact: Gordon McKinnon, President & CEO Canadian Orebodies Inc. (705) 268-9000 Forward-Looking Statements This press release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to the collection of a bulk sample and the preparation of a National Instrument 43-101 compliant resource estimate and the establishment of the grade and quality of the limestone, exploration results and the Company's plans with respect to the exploration and development of the Coral Rapids Projects) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, changes in commodity prices, changes in equity markets, failure to establish mineral resources, changes to regulations affecting the Company's activities, delays in obtaining or failures to obtain required regulatory approvals, uncertainties relating to the availability and costs of financing needed in the future, the uncertainties involved in interpreting drilling results and other ecological data, and the other risks involved in the mineral exploration and development industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release. | |
You can view the Next News Releases item: Wed Sep 24, 2008, OREBODIES ANNOUNCES MCFAULDS LAKE JOINT VENTURE DRILL PROGRAM You can view the Previous News Releases item: Tue Jul 8, 2008, Orebodies Announces Proposed Purchase Of 80% Interest Of 96 Claim Units In The James Bay Lowlands From East West Resource Corp. You can return to the main News Releases page, or press the Back button on your browser. |
