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focused on the exploration of the Ryan Lake copper-molybdenum claims at Matchewan, south of Timmins in Northern Ontario, and the Mabel gold/silver property in northern Sonora State Mexico.
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Pacific Comox: 0.49% Molybdenum or 9.9 Lbs/Ton Molybdenum Reported in Hole 101 Over a 15 Meter Interval Starting 1 Meter From Surface14:51 EST Monday, Feb 11, 2008TORONTO, ONTARIO--(Marketwire - Feb. 11, 2008) - Pacific Comox Resources Ltd. (TSX VENTURE:PCM) reports the assays for an additional 3 diamond drill holes testing the area of the former producing underground copper mine (the South Zone) and the former producing open pit molybdenum mine (the North Zone) at its Ryan Lake copper/molybdenum property at Matachewan, Ontario. Assays will be reported when received for the additional holes which have been completed. The assay results for the 3 holes reported are summarized in Table 1.NORTH ZONEHole 101 in the North Zone reported a mineralized interval of 15 meters grading 0.22% copper and 0.494% (9.9 lbs/ton) molybdenum starting at 1 meter from surface. Hole 101 is one of 6 holes drilled in late 2007 in the North Zone to test the continuation of higher grade mineralization previously reported in holes 15, 16, 26 & 27 drilled to the northwest of hole 101. The mineralized intervals previously reported for holes 15, 16, 26 & 27 are given in Table 2. Of the 24 previously reported holes in the North Zone, 12 holes intersected a total of 15 intervals with an average grade of 0.16% (3.3 lbs/ton) molybdenum over an average length of 11 meters starting from 16 meters.Hole 15 reported an 8 meter near surface interval of 0.56% (11.20 lbs/ton) molybdenum and hole 16 reported a 9 meter interval of 0.58% (11.62 lbs/ton) molybdenum. Holes 26 and 27 which formed a set of scissor holes with holes 15& 16 also reported significant intervals of over 0.10% (2 lbs/ton) molybdenum.SOUTH ZONEHoles 90 and 99 were collared in the northwest quadrant of the South Zone and extend the zone of reported mineralization to the north in this area. Hole 99 reported significant copper and molybdenum mineralization starting at 10 meters and extending for a core length of 187 meters, to a vertical depth of about 140 meters or 460 feet. Hole 90 reported two significantly mineralized intervals from 27 meters to 101 meters.The 2007 program on the South Zone extended both the North-South and East-West dimensions of the drill tested area to approximately 250 meters or 820 feet. The resource estimate for the South Zone is nearing completion.The mill which is currently processing barite is expected to be a major asset going forward to facilitate the resumption of copper/molybdenum production on the property.Robert Hill P. Eng. serves as the qualified person (QP) for the sampling and exploration program under the definitions of National Instrument 43-101, reviewed this release and supervised the drilling program. The split NQ core samples were assayed at Swastika Laboratories Ltd. Swastika Ontario, an accredited laboratory.To view the Pacific Comox Resources Ltd. Ryan Lake Cu-Mo Claims Matachewan, Ontario Drill Plan please click on the following link: http://media3.marketwire.com/docs/pc... To view the Pacific Comox Resources Ltd. Ryan Lake Cu-Mo Property South Zone Compilation Map please click on the following link: http://media3.marketwire.com/docs/pc... Donald Empey, PresidentFor further information: view the Company web site at www.pacificcomox.com or the Company filings on SEDAR at www.sedar.com. ------------------------------------... PACIFIC COMOX RESOURCES LTD.------------------------------------... Table 1: Diamond Drill Assays From Ryan Lake Property------------------------------------... South Zone - Former Underground Copper Mine Area North Zone - Former Open Pit Molybdenum Mine Area------------------------------------... ------------------------------------... Hole # From To Length Copper Mo Mo Gold Silver------------------------------------... (m) (m) (m) (%) (%) (lbs/ton) (g/tonne) (g/tonne)------------------------------------... ------------------------------------... PC-07-90 5313316N, 522532E, Length 254 meters, Azimuth 0 degrees, Dip -45 degrees------------------------------------... 27 42 15 0.54 0.009 0.18 0.05 4.06------------------------------------... 83 101 18 0.19 0.023 0.46 0.01 1.52------------------------------------... ------------------------------------... PC-07-99 5313307N, 522514E, Length 197 meters, Azimuth 0 degrees, Dip -45 degrees------------------------------------... 10 197 187 0.19 0.008 0.16 0.03 1.08------------------------------------... 19 30 11 0.48 0.031 0.62 0.04 2.80------------------------------------... 74 87 13 0.33 0.013 0.26 0.03 1.57------------------------------------... 107 177 70 0.31 0.013 0.26 0.04 1.86------------------------------------... ------------------------------------... PC-07-101 5313676N, 522525E, Length 80 meters, Azimuth 270 degrees, Dip -80 degrees------------------------------------... 1 16 15 0.22 0.494 9.88 0.03 3.98------------------------------------... ------------------------------------... True widths of the mineralized intervals are not known at this time.------------------------------------... ------------------------------------... PACIFIC COMOX RESOURCES LTD.------------------------------------... Table 2: SUMMARY OF PREVIOUSLY REPORTED NORTH ZONE DRILLING RESULTS------------------------------------... ------------------------------------... Drill Hole From To Length Cu Mo Mo Gold SilverPC-06- (m) (m) (m) (%) (%) (lbs/ton) (g/tonne) (g/tonne)------------------------------------... 15 522531E, 5313695N, Length 89 meters, Azimuth 220 degrees, Dip -50 degrees------------------------------------... 2 50 48 0.06 0.15 3.08 0.01 1.11------------------------------------... Including 9 17 8 0.18 0.56 11.20 0.02 4.37------------------------------------... 16 522527E, 5313689N, Length 89 meters, Azimuth 40 degrees, Dip -50 degrees------------------------------------... 2 21 20 0.33 0.33 6.57 0.04 5.02------------------------------------... Including 9 18 9 0.52 0.58 11.62 0.03 9.85------------------------------------... 54 62 8 0.06 0.04 0.85 0.01 0.35------------------------------------... 26 522519E, 5313679N, Length 94 meters, Azimuth 220 degrees, Dip -50 degrees------------------------------------... 2 31 29 0.03 0.04 0.88 0.01 0.34------------------------------------... Including 2 8 6 0.05 0.11 2.18 0.01 0.75------------------------------------... 27 522517E, 5313676N, Length 81 meters, Azimuth 40 degrees, Dip -50 degrees------------------------------------... 2 50 48 0.04 0.072 1.44 0.01 0.43------------------------------------... Including 2 15 13 0.06 0.101 2.02 0.01 0.74------------------------------------... Including 28 40 12 0.04 0.136 2.72 0.01 0.55------------------------------------... 53 76 23 0.01 0.02 0.34 0.01 0.18------------------------------------... Assays for holes 15 & 16 reported March 27, 2006------------------------------------... Assays for holes 26 & 27 reported October 16, 2006------------------------------------... FOR FURTHER INFORMATION PLEASE CONTACT:Pacific Comox Resources Ltd.Donald Empey (416) 977-4653(416) 977-8335 (FAX)Email: dempey@pacificcomox.comWebsite: www.pacificcomox.com
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