VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 11, 2008) - CZM Capital Corp., (TSX VENTURE:CZM), ("the Company") is pleased to announce drilling has resumed at the TAG gold-silver project located on the Taku Arm of Tagish Lake, 35 kilometres due west of Atlin, B.C.
This round of drilling will include approximately 1500m in eight holes and will take about three weeks to complete. Two holes are in the same area as the 10 holes completed earlier this year and will test the 025 Fault Zone (the "025FZ") towards its intersection with the regional scale, north-trending Llewellyn Fault at the far south end of the Tag property. The remaining six holes will test the 025FZ at three favourable targets defined by geophysical and geochemical surveys.
In addition to the drilling, surface trenching with a Kubota excavator has been ongoing since early July and is almost complete. The trenching has exposed the 025FZ intermittently at numerous sites spread out over a distance of 3.5km. The trenches are being systematically mapped and sampled presently. Assay results from this work are expected in early to mid-September. Also a structural mapping study has been completed in a deep canyon at the far south end of the property where the 025FZ is very well exposed. In conjunction with this study, detailed channel sampling is underway.
"The 025FZ is a very complex gold-bearing structure that we hope to understand better by integrating several exploration techniques including drilling, trenching and mapping" comments Zak Dingsdale, President.
Mark Fekete, P.Geo is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the preparation of this release.
CZM Capital Corp. is a mineral resource company focused on the exploration and development of precious metal properties in Canada with a particular emphasis on the Tagish Lake region of Northern British Columbia.
Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above and in the corporation's periodic filings with the British Columbia Securities Commission and the U.S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not intend to update this information and disclaims any legal liability to the contrary.
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CZM Capital Corp.