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2007
Kola Continues To Intersect Wide Zones Of Gold Mineralization At Severny 1.49 G/T Au Over 43 Metres From Surface
September 6, 2007
Vancouver, B.C., Kola Mining Corp. ("Kola" or the "Company") is pleased to announce the 2007 drill program on the Severny Copper Gold Prospect ("Severny") on its Bulakashu Property in northern Kyrgyzstan is well underway with encouraging results to date. Four diamond drill rigs are now operating on Severny and thus far, four drill holes have been completed totaling 1,908 metres of the planned 6,000 metre program.
Complete assays have been received for three of the holes. Each of the three holes are on a NE to SW striking fence designed to test the south-central portion of an IP-resistivity anomaly and associated surface gold mineralization identified in the fall of 2006 (See October 5, 2006 news release). Hole SV07-07 was drilled to a depth of 296 metres, intersecting sporadic gold mineralization and quartz-sericite-pyrite alteration ("QSP") throughout most of the hole. Hole SV07-08, 200m to the southwest of Hole SV07-07, was drilled to a depth of 501 metres, intersecting strengthening QSP alteration and gold mineralization over wider intervals. Hole SV07-09 was drilled to a depth of 320 metres, under a road cut where a surface rock chip sample returned 48m of 2.27 g/t gold (See October 23, 2006 news release). Hole SV07-09 intersected two distinct, broad zones of gold mineralization and associated intense QSP alteration. The mineralized intervals are separated by post mineral, unaltered andesite dikes. The mineralization and alteration vectors point toward the southwest where last year's rock chip surface sampling encountered gold values ranging from 0.14 g/t up to 37.7 g/t in QSP altered greenstones. The table below shows the significant drill intercepts.
|
Hole |
Azimuth/Dip |
From (metres) |
To (metres) |
Interval (metres) |
Au (g/t) |
|
SV07-07 |
0/90 |
54 |
61 |
7 |
1.07 |
|
|
|
|
|
|
|
|
SV07-08 |
0/90 |
34 |
35 |
1 |
6.86 |
|
|
|
101 |
118 |
17 |
0.53 |
|
|
|
128 |
136 |
8 |
0.68 |
|
|
|
151 |
163 |
12 |
0.60 |
|
|
|
171 |
177 |
6 |
1.20 |
|
|
|
188 |
195.4 |
7 |
0.74 |
|
|
|
|
|
|
|
|
SV07-09 |
0/90 |
1 |
44 |
43 |
1.49* |
|
including |
|
1 |
12 |
11 |
2.46 |
|
including |
|
17 |
25 |
12 |
2.31 |
|
|
|
92 |
149 |
47 |
1.38** |
|
including |
|
92 |
97 |
5 |
2.80 |
|
including |
|
100 |
109 |
9 |
2.10 |
|
including |
|
114 |
118 |
4 |
2.45 |
|
including |
|
126 |
133 |
7 |
2.36 |
* Interval contains 4 samples with gold analyses greater than 3.0 g/t Au (8.63, 4.58, 4.47 and 5.19 g/t Au)
** Interval contains 6 samples with gold analyses greater than 3.0 g/t Au ( 8.69, 3.69, 3.49, 3.84, 3.67, and
4.26 g/t Au)
Douglas Turnbull, the company's President and C.E.O. states, "Our drilling to date continues to expand the size and extent of the gold target at Severny on surface and at depth. With each drill hole, we are beginning to get a better understanding of the distribution of gold mineralization within this large alteration system. Up until now we have been focusing on delineating the limits of the near surface, bulk tonnage gold target. We will need to do a lot more detailed drilling in order to delineate some of the structurally controlled zones of gold mineralization that we are encountering in drilling and on surface."
Kola's exploration programs are carried out under the supervision of the Bill Tafuri, P.Geol., the Company's Vice President of Exploration and a "Qualified Person" for the purposes of NI 43-101. Mr. Tafuri has reviewed the technical information presented in this news release. All core samples are split by saw and one half of the core is submitted to Alex Stewart Assay and Environmental Laboratories, an ISO 9001, 2000 accredited laboratory based in Kara Balta, Kyrgyzstan for analysis.
Kola's headquarters is in Vancouver, Canada, with exploration offices in Bishkek, (Kyrgyzstan), Almaty (Kazakhstan) and Apatity (Russia). The company is actively engaged in the exploration and acquisition of precious and base metal projects in Central Asia, Russia and Eastern Europe. Kola is listed for trading on the TSX Venture under the symbol "CTM", on the OTCBB under the symbol "CTMHF" and on the Frankfurt Exchange under the symbol "C8M". To find out more about Kola Mining Corp., please visit the company website at www.kolamining.com.
On behalf of the Board of Directors of
KOLA MINING CORP.
"Douglas Turnbull"
Douglas Turnbull
President & C.E.O.
The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.