VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2007) - CZM Capital Corp. (TSX VENTURE:CZM) is pleased to announce preliminary results from the latest drilling campaign completed on its TAG gold-silver property located on Taku Arm of Tagish Lake some 35km due west of Atlin, BC. A total of 2857m was drilled in 18 holes. Numerous gold-bearing intervals were intersected by the drilling as shown in the attached table. The highlight of the drilling is the intersection obtained in TAG07-29 that returned 35.0m of 1.3g/t Au and 5.9g/t Ag.
As indicated in the table, most of the weight averaged intervals remain open both above and below the quoted interval due to incomplete sampling. These intervals remain preliminary pending the results of an additional 148 samples that were only recently submitted for assay following a re-examination of the core.
The goal of the drilling was to test the far south end of the 025 Fault zone (the "025FZ") between the Main and Bearox surface showings. The 025FZ is a highly deformed interval of shearing, quartz veining, stockwork and breccia with disseminated to stringer sulphide mineralization that cuts calcareous sedimentary rocks. It can be traced for a distance of 6.2km on the TAG property. Sediment-hosted, structurally controlled gold deposits are some of the world's most significant gold resources. The TAG property shows all the features that characterize these deposit types.
The latest drill results confirm the gold and silver potential of the 025FZ and encourage CZM to continue exploration of the structure with further diamond drilling. CZM is also waiting for the full results of a soil geochemical survey completed in July and a high definition magnetic and radiometric survey completed in August. The data from these surveys will be used to better define additional drill targets north of the area drilled to date.
All analytical work was conducted by Eco-Tech Laboratories Ltd. ("Eco-Tech") in Kamloops, B.C. Eco-Tech is not accredited but it is independent of CZM, it maintains an internal quality control program and it participates annually in CANMET round-robin proficiency testing. Gold was determined by conventional 30g fire assay-atomic absorption finish method. Silver was determined by aqua regia digestion-atomic absorption finish method. 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.
Hole From m To m Int. m Au g/t Ag g/t Comment TAG07-29 79.6 114.6 35.0 1.3 5.9 TAG07-30 78.4 87.0 11.4 0.6 1.8 Incomplete sampling TAG07-31 73.8 76.8 3.0 1.9 1.6 85.8 122.8 37.0 0.6 1.2 TAG07-32 62.6 66.3 3.7 2.2 3.1 Incomplete sampling 84.4 88.0 3.6 1.3 2.5 Incomplete sampling 94.4 96.8 2.4 0.7 3.3 Incomplete sampling 113.1 114.8 1.7 0.9 1.9 Incomplete sampling 120.4 125.0 4.6 0.8 1.6 Incomplete sampling 206.5 212.1 5.6 0.6 0.9 Incomplete sampling TAG07-33 64.5 69.0 4.5 0.7 1.6 88.6 91.6 3.0 0.7 1.6 TAG07-34 29.0 35.5 5.5 1.0 1.4 108.7 111.3 2.6 1.5 3.9 Incomplete sampling TAG07-36 52.2 54.3 2.1 1.9 7.3 Incomplete sampling 58.0 59.8 1.8 0.6 0.7 Incomplete sampling 64.4 71.4 7.0 1.5 3.7 Incomplete sampling TAG07-37 147.4 154.9 7.5 1.5 4.6 Incomplete sampling 181.0 192.0 11.0 1.9 8.7 Incomplete sampling 201.7 203.2 1.5 0.8 5.2 Incomplete sampling TAG07-39 212.2 222.2 10.0 1.4 4.1 Incomplete sampling TAG07-41 199.0 210.8 11.8 1.6 4.8 Incomplete sampling
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