Concordia's 2013 Program Commences With Expansion of Exploration Targets at Its Kerboule Gold Project
18.01.2013 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/18/13 -- Concordia Resource Corp. (TSX VENTURE: CCN) ("Concordia" or the "Company") has commenced auger drilling on its 100%-owned Kerboule Gold Project in northern Burkina Faso to follow-up on previously identified regional anomalies and to define new areas of mineralization in the Kerboule-Yalema trend.As part of its initial 2013 work program, Concordia will use a mechanized auger drill - which has proved a cost-effective and successful tool for identifying gold mineralization both at Kerboule and other properties within the Birimian greenstone belts of West Africa - in conjunction with an airborne electro-magnetic ("EM") and magnetics survey planned for 1Q 2013.
The initial 4,000-hole auger sampling program in conjunction with the planned airborne EM survey, will follow-up on regional anomalies generated by historic geochemical soil (pit) sampling results. This will help generate new gold targets and better define previously identified anomalies throughout the licences (Figure 1). The mechanized auger drilling will penetrate the 5 to 10 meter lateritic cover in order to retrieve a more representative sample from the saprolite bedrock.
Soil geochemical anomalies from previous sampling work and geophysical targets from the 2012 ground IP gradient survey suggest that more discrete zones of gold mineralization exist in the Kerboule area. An auger drilling program of 5,000 holes is proposed to follow up on these zones (Figure 2).
Results from the proposed auger programs and the geophysical survey will be used to identify targets for an RC drill program.
Concordia has already identified and drilled four zones of mineralization in the Kerboule area (Kerboule South, Kerboule Main, Kerboule North and Yalema) previously announced in its news release dated Sept. 12, 2012. The appended (table in Appendix 1) shows a compilation of all re-composited, mineralized drill intersections for the Kerboule project(1).
To view Figures 1 and 2, click on the following link:
http://media3.marketwire.com/docs/ccn117m.pdf
APPENDIX I
GOLD MINERALIZED DRILL INTERSECTIONS FOR THE KERBOULE PROJECT
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Interval Au
Length Grade
DrillHole ID From To (m) (g/t)
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KB_DD_001 71 76 5 3.26
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KB_DD_002 58 62 4 1.07
---------------------------------------------------------------------------
KB_DD_002 165 184 19 0.64
---------------------------------------------------------------------------
KB_DD_003 160 162 2 1.04
---------------------------------------------------------------------------
KB_DD_004 52 56 4 0.32
---------------------------------------------------------------------------
KB_DD_004 125 138 13 0.32
---------------------------------------------------------------------------
KB_DD_005 17 22 5 0.31
---------------------------------------------------------------------------
KB_DD_005 70 72 2 0.73
---------------------------------------------------------------------------
KB_DD_005 79 92 13 0.79
---------------------------------------------------------------------------
KB_DD_005 98 159 61 1.16
---------------------------------------------------------------------------
KB_DD_005 208 230 22 0.67
---------------------------------------------------------------------------
KB_DD_005 237 253 16 0.57
---------------------------------------------------------------------------
KB_DD_006 9 11 2 0.32
---------------------------------------------------------------------------
KB_DD_006 92 94 2 0.44
---------------------------------------------------------------------------
KB_DD_006 130 132 2 1.10
---------------------------------------------------------------------------
KB_DD_006 152 157 5 0.48
---------------------------------------------------------------------------
KB_DD_006 167 190 23 0.91
---------------------------------------------------------------------------
KB_DD_006 198 204 6 0.29
---------------------------------------------------------------------------
KB_DD_006 209 224 15 0.51
---------------------------------------------------------------------------
KB_DD_006 229 239 10 0.23
---------------------------------------------------------------------------
KB_DD_006 244 250 6 0.24
---------------------------------------------------------------------------
KB_DD_006 284 295 11 0.28
---------------------------------------------------------------------------
KB_RC_002 34 43 9 1.59
---------------------------------------------------------------------------
KB_RC_003 35 40 5 2.74
---------------------------------------------------------------------------
KB_RC_006 0 2 2 0.22
---------------------------------------------------------------------------
KB_RC_008 56 69 13 0.39
---------------------------------------------------------------------------
KB_RC_008 114 124 10 1.26
---------------------------------------------------------------------------
KB_RC_008 129 140 11 0.46
---------------------------------------------------------------------------
KB_RC_009 40 52 12 1.02
---------------------------------------------------------------------------
KB_RC_009 57 77 20 0.65
---------------------------------------------------------------------------
KB_RC_009 82 102 20 0.29
---------------------------------------------------------------------------
KB_RC_009 130 143 13 1.52
---------------------------------------------------------------------------
KB_RC_010 54 59 5 0.43
---------------------------------------------------------------------------
KB_RC_010 76 84 8 0.94
---------------------------------------------------------------------------
KB_RC_010 116 150 34 1.18
---------------------------------------------------------------------------
KB_RC_011 32 46 14 0.95
---------------------------------------------------------------------------
KB_RC_012 25 42 17 1.31
---------------------------------------------------------------------------
KB_RC_012 84 90 6 0.91
---------------------------------------------------------------------------
KB_RC_012 97 113 16 0.19
---------------------------------------------------------------------------
KB_RC_012 128 130 2 0.88
---------------------------------------------------------------------------
KB_RC_013 100 116 16 0.89
---------------------------------------------------------------------------
KB_RC_013 121 144 23 0.86
---------------------------------------------------------------------------
KB_RC_014 100 102 2 0.88
---------------------------------------------------------------------------
KB_RC_015 54 61 7 0.36
---------------------------------------------------------------------------
KB_RC_016 69 81 12 0.61
---------------------------------------------------------------------------
KB_RC_016 104 120 16 0.25
---------------------------------------------------------------------------
KB_RC_016 125 150 25 0.43
---------------------------------------------------------------------------
KB_RC_017 0 1 1 0.90
---------------------------------------------------------------------------
KB_RC_017 35 38 3 2.88
---------------------------------------------------------------------------
KB_RC_018 18 24 6 0.82
---------------------------------------------------------------------------
KB_RC_018 91 132 41 0.60
---------------------------------------------------------------------------
KB_RC_018 139 150 11 0.22
---------------------------------------------------------------------------
KB_RC_019 71 73 2 0.46
---------------------------------------------------------------------------
KB_RC_019 84 86 2 0.82
---------------------------------------------------------------------------
KB_RC_019 91 93 2 0.23
---------------------------------------------------------------------------
KB_RC_019 113 115 2 0.27
---------------------------------------------------------------------------
KB_RC_020 24 31 7 1.36
---------------------------------------------------------------------------
KB_RC_020 124 126 2 1.08
---------------------------------------------------------------------------
KB_RC_021 0 20 20 0.79
---------------------------------------------------------------------------
KB_RC_021 40 43 3 0.48
---------------------------------------------------------------------------
KB_RC_021 79 114 35 0.42
---------------------------------------------------------------------------
KB_RC_023 23 52 29 0.84
---------------------------------------------------------------------------
KB_RC_023 58 62 4 0.78
---------------------------------------------------------------------------
KB_RC_023 73 86 13 1.47
---------------------------------------------------------------------------
KB_RC_023 132 139 7 1.81
---------------------------------------------------------------------------
KB_RC_023 146 150 4 0.12
---------------------------------------------------------------------------
KB_RC_024 9 11 2 0.90
---------------------------------------------------------------------------
KB_RC_033 39 41 2 0.41
---------------------------------------------------------------------------
KB_RC_036 39 41 2 0.37
---------------------------------------------------------------------------
KB_RC_038 13 19 6 0.45
---------------------------------------------------------------------------
KB_RC_038 125 130 5 0.51
---------------------------------------------------------------------------
KB_RC_039 2 3 1 0.62
---------------------------------------------------------------------------
KB_RC_039 13 53 40 0.56
---------------------------------------------------------------------------
KB_RC_041 5 12 7 0.19
---------------------------------------------------------------------------
KB_RC_041 17 19 2 0.41
---------------------------------------------------------------------------
KB_RC_041 25 47 22 0.65
---------------------------------------------------------------------------
KB_RC_041 87 111 24 0.41
---------------------------------------------------------------------------
KB_RC_041 148 150 2 0.12
---------------------------------------------------------------------------
KB_RC_042 81 85 4 0.85
---------------------------------------------------------------------------
KB_RC_042 149 150 1 0.33
---------------------------------------------------------------------------
KB_RC_043 34 36 2 0.31
---------------------------------------------------------------------------
KB_RC_043 85 90 5 0.31
---------------------------------------------------------------------------
KB_RC_043 109 112 3 0.47
---------------------------------------------------------------------------
KB_RC_043 121 150 29 1.08
---------------------------------------------------------------------------
KB_RC_045 36 41 5 0.23
---------------------------------------------------------------------------
KB_RC_045 54 56 2 2.98
---------------------------------------------------------------------------
KB_RC_045 84 121 37 0.31
---------------------------------------------------------------------------
KB_RC_045 148 150 2 0.76
---------------------------------------------------------------------------
KB_RC_046 77 89 12 0.85
---------------------------------------------------------------------------
KB_RC_046 113 122 9 0.35
---------------------------------------------------------------------------
KB_RC_047 91 94 3 0.22
---------------------------------------------------------------------------
KB_RC_049 6 17 11 0.61
---------------------------------------------------------------------------
KB_RC_049 25 32 7 0.26
---------------------------------------------------------------------------
KB_RC_049 37 42 5 0.35
---------------------------------------------------------------------------
KB_RC_049 58 124 66 0.99
---------------------------------------------------------------------------
KB_RC_050 14 17 3 0.24
---------------------------------------------------------------------------
KB_RC_051 39 47 8 0.43
---------------------------------------------------------------------------
KB_RC_053 0 1 1 0.39
---------------------------------------------------------------------------
KB_RC_053 37 41 4 0.26
---------------------------------------------------------------------------
KB_RC_057 40 44 4 0.45
---------------------------------------------------------------------------
KB_RC_061 46 49 3 0.24
---------------------------------------------------------------------------
KBS_DD_001 0 9 9 0.97
---------------------------------------------------------------------------
KBS_DD_001 45 47 2 1.04
---------------------------------------------------------------------------
KBS_DD_001 131 171 40 0.61
---------------------------------------------------------------------------
KBS_DD_001 179 187 8 0.68
---------------------------------------------------------------------------
KBS_DD_001 197 203 6 0.58
---------------------------------------------------------------------------
KBS_DD_001 210 214 4 0.47
---------------------------------------------------------------------------
KBS_DD_002 89 92 3 0.50
---------------------------------------------------------------------------
KBS_DD_002 99 126 27 0.78
---------------------------------------------------------------------------
KBS_DD_002 131 143 12 0.73
---------------------------------------------------------------------------
KBS_DD_003 65 108 43 0.63
---------------------------------------------------------------------------
KBS_DD_003 117 131 14 0.16
---------------------------------------------------------------------------
KBS_DD_003 232 235 3 0.27
---------------------------------------------------------------------------
KBS_DD_003 247 267 20 0.60
---------------------------------------------------------------------------
KBS_DD_003 292 300 8 1.19
---------------------------------------------------------------------------
KBS_DD_004 0 10 10 0.65
---------------------------------------------------------------------------
KBS_DD_004 31 75 44 0.48
---------------------------------------------------------------------------
KBS_DD_004 81 200.06 119.06 0.95
---------------------------------------------------------------------------
KBS_DD_005 76 130 54 0.73
---------------------------------------------------------------------------
KBS_DD_005 135 147 12 0.39
---------------------------------------------------------------------------
KBS_DD_005 154 240 86 0.48
---------------------------------------------------------------------------
KBS_DD_005 245 251 6 0.26
---------------------------------------------------------------------------
KBS_DD_005 256 302 46 0.49
---------------------------------------------------------------------------
KBS_RC_001 10 40 30 1.31
---------------------------------------------------------------------------
KBS_RC_001 45 62 17 1.83
---------------------------------------------------------------------------
KBS_RC_002 24 37 13 0.56
---------------------------------------------------------------------------
KBS_RC_002 129 150 21 0.95
---------------------------------------------------------------------------
KBS_RC_003 26 32 6 0.78
---------------------------------------------------------------------------
KBS_RC_005 24 61 37 0.38
---------------------------------------------------------------------------
KBS_RC_005 67 113 46 1.19
---------------------------------------------------------------------------
KBS_RC_005 123 128 5 0.36
---------------------------------------------------------------------------
KBS_RC_005 134 141 7 0.60
---------------------------------------------------------------------------
KBS_RC_005 147 150 3 0.10
---------------------------------------------------------------------------
KBS_RC_006 8 18 10 1.04
---------------------------------------------------------------------------
KBS_RC_006 32 63 31 0.47
---------------------------------------------------------------------------
KBS_RC_007 85 91 6 0.24
---------------------------------------------------------------------------
KBS_RC_008 34 40 6 0.30
---------------------------------------------------------------------------
KBS_RC_008 49 93 44 0.71
---------------------------------------------------------------------------
KBS_RC_008 99 103 4 0.26
---------------------------------------------------------------------------
KBS_RC_008 136 150 14 0.38
---------------------------------------------------------------------------
KBS_RC_009 0 23 23 0.59
---------------------------------------------------------------------------
KBS_RC_009 36 47 11 0.30
---------------------------------------------------------------------------
KBS_RC_009 147 149 2 0.23
---------------------------------------------------------------------------
KBS_RC_010 93 130 37 1.16
---------------------------------------------------------------------------
KBS_RC_010 142 150 8 0.38
---------------------------------------------------------------------------
KBS_RC_011 92 99 7 0.23
---------------------------------------------------------------------------
KBS_RC_011 107 118 11 1.61
---------------------------------------------------------------------------
KBS_RC_011 135 150 15 0.62
---------------------------------------------------------------------------
KBS_RC_012 0 48 48 0.78
---------------------------------------------------------------------------
KBS_RC_012 53 85 32 0.46
---------------------------------------------------------------------------
KBS_RC_012 98 104 6 0.16
---------------------------------------------------------------------------
KBS_RC_012 118 120 2 0.26
---------------------------------------------------------------------------
KBS_RC_012 136 138 2 0.29
---------------------------------------------------------------------------
KBS_RC_012 144 150 6 0.17
---------------------------------------------------------------------------
KBS_RC_013 30 138 108 1.03
---------------------------------------------------------------------------
KBS_RC_013 144 150 6 0.55
---------------------------------------------------------------------------
KBS_RC_014 78 81 3 0.29
---------------------------------------------------------------------------
KBS_RC_014 86 95 9 0.29
---------------------------------------------------------------------------
KBS_RC_016 114 116 2 0.51
---------------------------------------------------------------------------
KBS_RC_017 28 41 13 0.44
---------------------------------------------------------------------------
KBS_RC_017 83 116 33 1.33
---------------------------------------------------------------------------
KBS_RC_017 123 137 14 0.59
---------------------------------------------------------------------------
KBS_RC_018 0 1 1 0.36
---------------------------------------------------------------------------
KBS_RC_018 15 111 96 0.57
---------------------------------------------------------------------------
KBS_RC_018 116 150 34 0.57
---------------------------------------------------------------------------
KBS_RC_019 80 111 31 0.78
---------------------------------------------------------------------------
KBS_RC_019 128 138 10 0.90
---------------------------------------------------------------------------
KBS_RC_019 144 150 6 0.50
---------------------------------------------------------------------------
KBS_RC_020 0 7 7 0.59
---------------------------------------------------------------------------
KBS_RC_020 75 110 35 0.74
---------------------------------------------------------------------------
KBS_RC_020 117 133 16 0.45
---------------------------------------------------------------------------
KBS_RC_020 141 150 9 0.19
---------------------------------------------------------------------------
KBS_RC_021 34 48 14 1.09
---------------------------------------------------------------------------
KBS_RC_021 115 150 35 0.43
---------------------------------------------------------------------------
KBS_RC_022 0 5 5 1.07
---------------------------------------------------------------------------
KBS_RC_022 12 26 14 0.31
---------------------------------------------------------------------------
KBS_RC_022 48 54 6 0.28
---------------------------------------------------------------------------
KBS_RC_022 116 119 3 0.22
---------------------------------------------------------------------------
KBS_RC_022 127 136 9 0.26
---------------------------------------------------------------------------
KBS_RC_023 6 28 22 0.46
---------------------------------------------------------------------------
KBS_RC_023 62 77 15 1.10
---------------------------------------------------------------------------
KBS_RC_023 120 125 5 0.25
---------------------------------------------------------------------------
KBS_RC_024 39 41 2 0.29
---------------------------------------------------------------------------
KBS_RC_024 63 81 18 0.25
---------------------------------------------------------------------------
KBS_RC_024 89 92 3 0.88
---------------------------------------------------------------------------
KBS_RC_024 110 121 11 0.43
---------------------------------------------------------------------------
KBS_RC_025 49 51 2 0.24
---------------------------------------------------------------------------
KBS_RC_025 106 108 2 1.04
---------------------------------------------------------------------------
KBS_RC_025 122 135 13 0.57
---------------------------------------------------------------------------
KBS_RC_025 140 144 4 0.87
---------------------------------------------------------------------------
KBS_RC_026 0 5 5 0.41
---------------------------------------------------------------------------
KBS_RC_026 12 15 3 0.90
---------------------------------------------------------------------------
KBS_RC_026 35 44 9 1.74
---------------------------------------------------------------------------
KBS_RC_026 88 99 11 1.22
---------------------------------------------------------------------------
KBS_RC_026 109 111 2 0.70
---------------------------------------------------------------------------
KBS_RC_027 81 85 4 0.36
---------------------------------------------------------------------------
KBS_RC_027 103 123 20 0.29
---------------------------------------------------------------------------
KBS_RC_027 141 150 9 0.45
---------------------------------------------------------------------------
KBS_RC_028 11 13 2 0.37
---------------------------------------------------------------------------
KBS_RC_028 144 148 4 0.18
---------------------------------------------------------------------------
KBS_RC_029 70 72 2 0.48
---------------------------------------------------------------------------
KBS_RC_030 98 107 9 0.54
---------------------------------------------------------------------------
KBS_RC_031 57 64 7 0.31
---------------------------------------------------------------------------
KBS_RC_031 80 88 8 0.16
---------------------------------------------------------------------------
KBS_RC_031 115 120 5 0.35
---------------------------------------------------------------------------
KBS_RC_031 148 150 2 0.24
---------------------------------------------------------------------------
YAL_DD_001 29 31 2 0.57
---------------------------------------------------------------------------
YAL_DD_001 108 110 2 2.59
---------------------------------------------------------------------------
YAL_DD_001 154 156 2 0.30
---------------------------------------------------------------------------
YAL_RC_001 52 56 4 5.44
---------------------------------------------------------------------------
YAL_RC_003 32 38 6 2.96
---------------------------------------------------------------------------
YALE_RC_001 7 10 3 0.21
---------------------------------------------------------------------------
YALE_RC_002 0 11 11 0.43
---------------------------------------------------------------------------
YALE_RC_002 21 23 2 0.31
---------------------------------------------------------------------------
YALE_RC_002 33 40 7 0.74
---------------------------------------------------------------------------
YALE_RC_002 69 71 2 0.24
---------------------------------------------------------------------------
YALE_RC_003 1 6 5 0.26
---------------------------------------------------------------------------
YALE_RC_003 79 81 2 0.28
---------------------------------------------------------------------------
YALE_RC_003 98 101 3 0.53
---------------------------------------------------------------------------
YALE_RC_004 58 65 7 0.27
---------------------------------------------------------------------------
YALE_RC_004 100 104 4 0.53
---------------------------------------------------------------------------
YALE_RC_005 3 6 3 0.17
---------------------------------------------------------------------------
YALE_RC_005 31 39 8 0.24
---------------------------------------------------------------------------
YALE_RC_007 94 97 3 0.32
---------------------------------------------------------------------------
YALE_RC_008 0 14 14 0.22
---------------------------------------------------------------------------
YALE_RC_009 0 4 4 0.27
---------------------------------------------------------------------------
YALE_RC_011 71 83 12 0.31
---------------------------------------------------------------------------
YALE_RC_011 94 96 2 0.40
---------------------------------------------------------------------------
YALE_RC_011 117 121 4 0.59
---------------------------------------------------------------------------
YALE_RC_012 149 150 1 0.36
---------------------------------------------------------------------------
YALE_RC_014 20 23 3 0.28
---------------------------------------------------------------------------
YALE_RC_014 58 65 7 0.47
---------------------------------------------------------------------------
YALE_RC_014 72 75 3 1.00
---------------------------------------------------------------------------
YALE_RC_014 89 96 7 0.42
---------------------------------------------------------------------------
QUALIFIED PERSON
Mr. Barry Bayly, is a member of the South African Council for National Scientific Professionals (SACNSP), South Africa, and is a qualified person in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). He is responsible for the exploration program on Kerboule. He has verified the data disclosed in this news release.. Mr. Bayly is the chief operating officer of Swala Resources Inc., a 100%-owned subsidiary of Concordia, and is therefore not independent within the meaning of NI 43-101.
ABOUT CONCORDIA
Concordia is a well-financed junior exploration company with an emphasis on developing mineral deposits in Africa and South America. Concordia has an extensive exploration portfolio in the resource-endowed regions including Burkina Faso, the Democratic Republic of Congo, Mozambique and Argentina. In addition, Concordia has acquired an option to purchase 100% of the historic La Providencia silver mine located in the Puna of northwestern Argentina and has also acquired an option to purchase the 14,000 ha Cerro Amarillo-Cajon Grande copper-gold-molybdenum property located in the Malargue District of Argentina. The company has an experienced management team and board of directors with extensive expertise across the globe.
On behalf of the Board of Concordia Resource Corp.
R. Edward Flood
Chairman and CEO
Certain of the statements made and information contained herein are "forward-looking information" within the meaning of the British Columbia Securities Act, including results from drilling, the anticipated costs of the drill program and the results from the airborne magnetic survey. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, risks and uncertainties relating to risks inherent in mining, including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of mineral resources and reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; actual ore mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties, including those described in each management discussion and analysis. Forward-looking information is, in addition, based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long-term price of metals; appropriate equipment and sufficient labour and that the political environments where the Company operates will continue to support the development and operation of mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update the forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such information, other than as required by applicable law. Accordingly, readers are advised not to place undue reliance on forward-looking information.
(1) Drill intersections were re-composited using the following parameters: Cut-off at 0.2 g/t Au, End composite when greater than 5 m interval below cut-off Top-cut high grade at 10 g/t Au.
The TSX-V has neither approved nor disapproved the contents of this press release. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Concordia Resource Corp.
+1-604-669-6446
info@concordiaresourcecorp.com
www.concordiaresourcecorp.com