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Highland Reports Results of Seven Holes on the Foisey-Larson Target on the Rickaby Property
Assays Indicate a 1.3 km Au/Mo/Ag Zone that Remains Open Along Strike and Down Dip
Vancouver, British Columbia, April 6, 2010 ... Highland Resources Inc. (the "Company") is pleased to report assays results from the initial seven drill holes of its 2010 drill program (see the Companys news release February 1st, 2010). These seven holes were drilled on the Foisey-Larson gold target on the Rickaby Property (the "Property") in the Beardmore-Geraldton Gold Camp.
The Foisey Larson target was initially defined by positive channel sampling results from October and November 2009 work (see news release January 5th, 2010). This target was greatly expanded along strike by encouraging Induced Polarization ("IP") anomalies that appear to be directly associated with the known mineralization. A pattern of 7 holes totalling 1260.66 meters were drilled at the Larson-Foisey Zone.
An additional 5 holes have been drilled on the Rickaby property; assays are pending for these holes. The drill program is currently suspended awaiting the end of the spring thaw so that the remaining targets can be drilled. On recommencement of the drilling program holes are planned on the Zeus South, Zeus North, Kilometre 23 and Koch-Daneff target areas.
Foisey-Larson Zone Assay Results
Six of the seven holes drilled on the Larson-Foisey target intersected mineralization directly associated with disseminated pyrite in sheared granitic rocks. Five holes were drilled on an excellent Au/Mo/Ag target initially defined by positive channel sampling results from October and November 2009 work (Foisey-Larson Main Zone). The holes were drilled on a cut grid and are spaced between 175 and 475 meters apart along 1300 meters of IP anomalies. All five holes intersected significant Au/Mo/Ag mineralization with individual assay values up to 2.75 g/t gold over 0.50m and 0.38% Molybdenum over 0.49m.. Drill intersection highlights include 8.18m of 0.86 g/t gold in hole FL10-01 and 11.25 meters of 0.75 g/t gold in FL10-02. The Company is very encouraged by the strike length of this zone and that it is still open for extension along strike and down dip. The Company believes the Foisey-Larson area has the potential to host a significant deposit.
One hole was drilled in the Foisey-Larson area on a new sub-parallel structure (Foisey-Larson #2 Target). This target is indicated by an IP anomaly over a strike length of 600m. This drill hole also intersected significant gold mineralization. This zone does not appear to have significant molybdenum with it. Both the Main Zone and the #2 Target remain open along strike.
The seventh hole in the Foisey-Larson drilling was targeted on a third IP anomaly (Foisey-Larson #3 target) and had no significant values. It may have been drilled over the top of the IP anomaly in the overburden portion of the hole.
Highland Resources Drilling Program 2010
Foisey-Larson Drill Holes
Hole #
MAIN ZONE
Grid Location
Drill Intersection
GridS
GridW
From (m)
To (m)
Width (m)*
Au g/t
Ag g/t
Mo%
Comment
FL-01
75S
3+25W
44.42
52.60
8.18
0.86
1.84
0.01
including
48.52
51.97
3.45
1.13
2.16
0.03
FL-02
300S
3+25W
43.88
55.13
11.25
0.75
1.05
0.03
including
44.38
46.52
2.14
1.51
2.82
-
including
50.70
52.70
2.00
1.12
2.12
0.16
FL-03
775S
3+75W
128.27
133.00
4.73
0.43
2.19
0.04
including
131.50
132.36
1.29
1.37
6.50
0.13
and
158.60
169.00
10.40
0.28
0.62
-
including
161.50
164.00
2.50
0.58
1.36
-
FL-04
900S
2+50W
3.33
8.90
5.57
0.53
0.20
-
Drill hole was collared inside
the zone of mineralization
including
5.90
7.40
1.50
1.51
0.50
-
FL-06
1275S
3+00W
3.73
7.00
3.27
0.59
0.92
0.01
Drill hole was collared inside
the zone of mineralization
including
4.92
5.94
1.02
1.52
2.30
0.03
Hole #
Target #2
Grid Location
Drill Intersection
Grid North
Grid West
From (m)
To (m)
Width (m)
Au g/t
Ag g/t
Mo%
Comment
FL-05
1100S
4+62W
99.82
104.00
4.18
0.54
0.74
-
including
99.82
101.11
1.88
1.13
1.64
-
and
110.80
111.30
0.50
1.12
1.60
-
Hole #
Target #3