(via Thenewswire.ca)
January 14 2009 - Vancouver, BC - Lorraine Copper Corp. ("Lorraine Copper") (TSX-V: LLC) wishes to announce the results from the 2008 exploration program at the Lorraine project, which is being managed by Teck Cominco Limited ("Teck") (TSX: TCK.B) under a Participation Agreement with Lorraine Copper. The Lorraine property is located in the Quesnel Terrane approximately 250 km northwest of the city of Prince George, British Columbia. A complete summary listing of the drilling results is attached.
Teck has informed the company that it successfully drilled 6,935.5 m in 19 holes and tested eight target areas during the 2008 program. A number of significant new developments have resulted from this drilling, most notably, the discovery of another mineralized zone below the Lower Main Zone. Drill hole L08-120 first intersected 159.2 m grading 0.64% copper and 0.30 g/t gold representing the Lower Main Zone, then intersected 58.8 m grading 0.092% copper including 22.1 m grading 0.16% copper 95.3 m beneath the first interception.
Two holes were drilled to test for a northern extension to the Bishop Zone and also to determine if this zone is connected with the Main Zone. Holes L08-121 and 128 very successfully attained this objective, returning 123.3 m of 0.31% copper and 23.4 m of 0.49% copper, respectively. These holes indicate the potential for significantly increasing resources in this area.
New areas of mineralization were also discovered, including: west of the Boundary Zone in holes JTM08-16 and 17; the All Alone Dome target in hole L08-115; and the first significant intercepts of mineralization at the TooGood target in holes L08-116, 118 and 119 where notable mineralization was seen in a few holes that were cut off by post-mineralization dykes, indicating that mineralization in this large target is potentially very extensive.
Copper-gold mineralization on the Lorraine property is alkalic intrusion-related and is analogous to a deposit style that includes the Galore Creek deposit. Other significant alkalic deposits in British Columbia include the Mt. Polley, Afton and Copper Mountain mines. The Lorraine property is located in an area of active logging and is well served by resource infrastructure including all season roads, the Kemess power-line corridor to the northeast and the Canadian National Railway line to the southwest.
Teck is earning a 51% interest in the Lorraine-Jajay project by spending $9.0 million by 2011, and may earn up to a 65% interest by completing a feasibility study and arranging production financing.
G.L. Garratt, P.Geo., is the qualified person who has reviewed and takes responsibility for this news release.
G.L.Garratt, P.Geo.
G.L. Garratt, P.Geo., Director
Lorraine Copper Corp.
About Lorraine Copper
Lorraine Copper holds the 30,658 hectare Lorraine property, which is optioned to Teck Cominco. For more information please visit the Company's website at www.lorrainecopper.com.
FOR FURTHER INFORMATION REGARDING LORRAINE COPPER PLEASE CONTACT:
Paul Way, Business Development Manager
(604) 681-7913 or
Toll Free: (888) 656-6611
The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
2008 Lorraine-Jajay and Jan/Tam/Misty Properties Drilling Results Summary:
Hole No. Area From (m) To (m) Core Length (m) Cu ppm (ICPMS) Assay Cu % Au ppb * Assay Au g/t *** Ag ppm (ICPMS)
JTM08-16 Boundary 384.3 515 130.7 914 0.09 26 - <1
incl. 384.3 405 20.7 1492 0.15 45 - 1
incl. 460 481 21 1906 0.18 40 0.066 1.3
JTM08-17 Boundary 36.7 55.3 18.6 1153 0.12 <10 - 1.1
JTM08-18 Target X nsv - nsv - -
L08-114 AAD nsv - nsv - -
L08-115 AAD 280.5 301.2 20.7 979 0.10 20 - <1
L08-116 TooGood 262.2 308.8 46.6 1152 0.12 12 - <1
L08-117 TooGood 285 294 9 nsv - 238 - 1.6
L08-118 TooGood 174 186 12 1372 0.14 <10 - <1
L08-119 TooGood 88.6 153 64.4 996 0.10 <10 - <1
incl. 126.2 153 26.8 1211 0.12 <10 - <1
L08-120 Lower Main 8 167.2 159.2 6080 0.64 226 0.304 3.5
2nd zone 262.5 321.3 58.8 915 - 24 - <1
2nd zone incl 262.5 284.6 22.1 1497 0.16 27 - <1
Both zones combined 8 284.6 276.6 3720 0.39 136 - 2.2
L08-121 Bishop Ext 89.8 326 236.2 1730 0.19 42 - <1
incl. 89.8 213.1 123.3 2751 0.31 57 - <1
incl. 158.3 213.1 54.8 5191 0.59 96 - 1.0
incl. 158.3 182.3 24 9841 1.13 135 0.151 1.3
L08-122 New 144.8 149.3 4.5 1124 0.13 25 - <1
201.1 203.1 2 4781 0.57 76 - 1.9
L08-123 New 59.4 59.9 0.5 5500 0.60 <10 - 2.4
L08-124 Page Bowl 43.5 50.4 6.9 1179 0.15 16 - 1.1
L08-125 New nsv - - - -
L08-126 New 57 60.3 3.3 1057 - 15 - <1
New 174 183 9 937 - <10 - <1
L08-127 TooGood nsv - - - -
L08-128 Bishop Ext 66 359 293 1050 - 68 - <1
incl. 184 207.4 23.4 4648 0.49 364 0.361 1.3
incl. 281 301 20 2981 0.31 223 0.233 1.4
incl. 335 359 24 1808 0.20 104 - 1.1
L08-129 AAD nsv - - - -
* Au by Aqua regia decomposition / solvent extraction / AAS
*** Au by Fire assay - lead collection / AA finish / 1 A.T.
nsv = no significant values
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