|July 24, 2007|
Reservoir reports additional intercepts from Lece and updates Brestovac drilling
|Reservoir Capital Corp. ("Reservoir" or "the Company") is pleased to provide an update on its drilling programs on the Lece and Brestovac properties in Serbia.|
At Lece three diamond drill holes for a total of 241.95 meters have been completed on the Spurina Glavina target, where previous trenching of intensely silicified andesites returned 26 meters at 1.35 grams per tonne ("g/t") Au including 6 meters at 2.45g/t Au. Two of the drill holes intersected the target structure within the oxide zone. The best intercept from drill hole SG-1 is 14.5 meters grading 1.12 g/t gold, which includes a zone of 6.8 meters at 2.11 g/t gold. The gold mineralized intercepts are associated anomalous mercury, arsenic and antimony values. Anomalous copper values (maximum 4310 parts per million copper over 1.5 meters) were encountered in a zone of fractured and partially oxidized andesites from 33.4 to 53.7 meters in drill hole SG-1. The Company is currently evaluating these results and those from the earlier drilling at Vrelski Potok (REO News Release from Feb 28 2007) in order to determine the optimum plan to test the structures at greater depth where the elevations are comparable to those that host the high-grade gold mineralization in the Lece mine.
Diamond drilling is ongoing on the Brestovac property, where an additional four holes (estimated total of about 500 meters) are being drilled. These holes will test extensions of the high-grade mineralization defined (REO News Release from June 5 2007) over a strike length of 250 meters, and to vertical depths of up to 130 meters. The programme is expected to be completed before the end of July 2007. After compilation and evaluation of all the drill results to date, a major drilling programme will be initiated to form the basis of resource estimation and scoping study.
The Company's rock geochemical samples were collected in accordance with accepted industry standards. The samples were submitted to the ISO 17025 accredited ALS Chemex laboratory in Vancouver, Canada for analysis: gold was analyzed by fire assay with an AAS finish, and multi-element analyses were determined by ICP MS/AAS techniques. The Company conducts routine QA/QC analysis on all assay results, including the systematic utilization of certified reference materials, blanks, and field duplicates.
Dr. Duncan Large, Chartered Engineer (UK) and Eur. Geol., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, is responsible for the preparation of the technical information in this release.
You can view the Next News item: Wed Sep 19, 2007, Reservoir intercepts additional gold mineralization at Brestovac
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