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Carube Resources Inc.
FOR IMMEDIATE RELEASE
PRESS RELEASE 2012-07
JAMAICA DRILL PROGRAM EXPANDS CAMEL HILL PORPHYRY,
IDENTIFIES NEW HIGH GRADE ZONE AT BELLAS GATE COPPER PROJECT
Drill Hole CH12-07 returns 0.27% Cu over 207m
OTTAWA, ONTARIO, December 4th, 2012. Carube Resources Inc (Carube) is pleased to announce the
final results from its 3563 metre drill program at the 100% owned Bellas Gate project in Jamaica, West
Indies. Assays have been received from all 2600 core samples from seven holes drilled over the Camel
Hill porphyry target and from sixteen holes drilled over “Structurally-controlled vein” targets in the
Stamford Hill – Congo Hill Corridor.
Camel Hill Porphyry
A total of 7 NQ sized core holes were drilled on the previously explored Camel Hill Porphyry (CHP). The
objective of this program was to extend the CHP deposit and its mineralized envelope to better define and
understand the alteration and mineralization. Hole CH12-01 has extended the CHP approximately 50m
east of its former extent over a vertical depth of 125m (see PR 2012-06). HolesCH12-02, CH12-03, CH12-
04, CH12-06 and CH12-07 have also increased the limits of the mineralization surrounding the known
deposit. The results from CH12-07 strongly indicate that mineralization may exist further to the northwest
towards the MAB and GEO Hill porphyry zones. Highlights of the Camel Hill drilling are summarized
below:
Zone Hole ID From_m To_m Length_m Cu_% Cu_ppm Au_ppb Ag_ppm
Camel Hill CH12-01 0 170 170 0.32 3249
including 51 170 120 0.39 3936
CH12-01 49 168 119
144
CH12-01 65 170 105 1.3
Camel Hill CH12-02 12 24 12 0.24 2351
CH12-02 141 154 13 0.22 2226
CH12-02 260 275 15 0.22 2174
CH12-02 260 265 5
136
CH12-02 271 275 4 1.6
Camel Hill CH12-03 20 30 10 0.23 2264
CH12-03 99 105 6 0.25 2546
2.0
CH12-03 124 134 10 0.21 2094
Camel Hill CH12-04 1 16 15 0.17 1731 48 0.9
CH12-04 33 46 13 0.17 1717 63 0.5
CH12-04 55 62 7 0.17 1731 53
Camel Hill CH12-06 20 34 14 0.21 2052 44
CH12-06 86 95 9 0.19 1853 85
Camel Hill CH12-07 47 254 207 0.27 2658 147 0.5
including 86 95 9 0.36 3621 80 0.9
and 148 168 20 0.31 3120 220 0.6
and 192 206 14 0.46 4566 346 0.5
and 214 230 16 0.40 3968 301 0.8
Hole CH12-07 was drilled at the northwest known limit of the deposit and intersected copper
mineralization from the top to the bottom of the hole at 300m. Some of the best mineralization occurred at
the interval between 192m and 206m with 0.46% copper and 0.35g Au/t.
The copper values in drill core were associated with visible chalcopyrite, chalcocite and neotocite
contained within magnetite-rich, silicified, sulphidized, altered and brecciated andesite volcanics. In the
holes where the granodiorite was intersected underlying the volcanics, it showed signs of weak magnetite
alteration and assays returned background values around or slightly below 0.1% Cu. It is believed that the
mineralization is associated with porphyry style multiphase intrusive and fluid episodes with a high
magnetite component. Future exploration will utilize the magnetic properties of the mineralization to
target new areas of investigation. Of interest is the fact that a number of intersections within the copper
mineralized zone returned up to 600ppm molybdenum. The model for future exploration at Camel Hill
and along the Camel Hill - Mab Hill - Geo Hill porphyry trend will be based on a combination of the Cadia
Copper Porphyry Deposit in NSW Australia and the Candelaria IOCG deposit in Chile.
The Camel Hill Porphyry has a historic inferred resource of 13.2Mt at 0.35%Cu and 0.17g Au/t (using a
0.2% Cu cut-off).
Structurally-Controlled Vein Targets (SCTs)
Most of the results from the SCTs were reported in PR2012-06 and only the highlights of results received
to date are reported here:
Zone Hole ID From_m To_m Length_m Cu_% Cu_ppm Au_ppb Ag_ppm
Dry Hill DRH001 19 23 4 1.33 13325 5 1.6
Dry Hill DRH002 13 18 5 1.56 15608 0 1.6
Dry Hill DRH003 20 24 4 1.26 12598 10 1.1
Stamford Hill SFH001 102 109 7 0.23 2321 4 0.8
High Stone Hill HSH003 11 39 28 0.21 2101 20 2.0
Bordeaux Hill BH12-02 150 151 1 0.06 585 26 6.4
DRY HILL TARGET
Drill holes DRH001, DRH002 and DRH003 tested a copper in soil anomaly (values up to 2420ppm
copper) and two trenches, one which yielded 0.69% Cu over 13m, including 1.37% Cu over 4m , and the
second which yielded 0.42% Cu over 45m , including 0.64% % over 18m. All three holes intersected sub
surface high grade copper zones associated with malachite, neotocite and minor chalcopyrite. Hole
DRH002 intersected 1.56% copper over 5m. The zone follows a northwest trending structure that may be
related to the Charing Cross mineralized target.
STAMFORD HILL TARGET
Drill holes SFH001 to SFH007 were drilled at the Stamford Hill target, which was the copper rich zone
developed and mined at the Stamford Mine in the early to mid 1800s. SFH001 intersected what is believed
to be the up-dip continuation of the mined vein. The 7m interval included a 3m section of 0.39% Cu. The
copper rich zone in hole SFH001 was enriched in rhodochrosite, calcite, pyrite and was moderately
silicified. Note: Holes SFH005, 006 and 007 encountered faulted ground and were abandoned before the
target was reached.
HIGH STONE HILL TARGET
Three holes were drilled to investigate the High Stone Hill soil and trench anomaly. Copper in soil values
were up to 1%with similar anomalous values in trench samples. (See Press Release April 5, 2012) Hole
HSH003 was drilled parallel to Trench HSH1 and returned 28m of 0.21% copper. It is believed that the
High Stone Hill anomaly is associated with numerous malachite rich fractures that are related to a deeper
copper sulphide rich source.
BORDEAUX HILL TARGET
Three holes were drilled at Bordeaux Hill to investigate a broad gold, silver and copper anomaly. A trench
nearby indicated gold values up to 2.21 g Au/t over 3.0m. Drill results indicated elevated values of silver
only. It is thought that the higher grade structure that created the anomalous values in the trench and soil
samples may be dipping to the east and away from the direction of this phase of drilling.
Deeper drilling will be required to determine whether these structurally controlled targets rich in copper
continue through to depth or whether they are associated with a copper porphyry system. All localities lie
along a broad NW-trending copper soil anomaly that eventually merges into a NW trending alteration zone.
Both the soil anomaly and the alteration zone lie along or adjacent to the Camel Hill Porphyry deposit. The
high priority Charing Cross and High Stone Hill South targets, yet to be drilled, may add some light to the
nature of emplacement and grades at depth of these structurally controlled targets At this time, the model
for future exploration on the SCTs will be the Magma Mine in Arizona, a high grade copper mine that was
discover in the late 1800s and mined through to 1995. The Magma Mine is situated along the periphery of
Rio Tinto and BHP's massive Resolution Copper project with over 1.6 billion tonnes of 1.5% copper,
making it the 3 largest undeveloped copper resource in the world.
Summary:
The CHP mineralization has been better defined and analyzed and the CHP mineralization envelope has
been increased in size as a result of this phase of drilling. The recognition of the style of mineralization
and the high magnetite in the copper rich zones will help drive future exploration and targeting, especially
along the Camel Hill - MAB Hill - GEO Hill corridor.(see inset figure in Schedule A) A property wide
airborne magnetic and radiometric survey is planned to help identify and prioritize the next phase of
exploration over the complete Bellas Gate Project.
The success of drilling at the SCT's, indicates that the soil sampling and trenching programs can define drill
ready targets. This, coupled with airborne and ground geophysics will ensure that the best targets will be
followed up in the next phase of exploration at Bellas Gate. The high priority drill targets at Charing Cross
and High Stone Hill South, yet to be drilled, may provide further evidence as to the genesis, extent and
grade of these structurally controlled vein systems.
This Press release has been prepared by Mr. Jeff Ackert, V.P. Exploration and reviewed and approved by
Dr. V. N. Rampton, P. Eng., in his capacity as a qualified person as defined under NI 43-101 standards.
Sample Preparation, Analysis and Quality Control: Drill core (NQ) was stored at a secure compound at
Bellas Gate where it was subsequently examined ; those sections deemed to have potential for copper
mineralization were then sawed in half and the split from 1m± intervals ,which weighed approximately 2kg
,was bagged individually. A duplicate sample was prepared for analysis for every 10 samples. Five to ten
samples were then packaged in rice bags and boxed for shipping by bonded courier to Activation
Laboratories Ltd (Actlabs) in Ancaster, Ontario. At Actlabs the samples were crushed with up to 90%
passing 2mm, 250g was then split and pulverized to 95% passing 105 micron. Actlab’s IH (Au+49)
procedure was employed with INAA used to determine Au, As, Sb, Ba, Br, Ce, Co, Cr, Cs, Eu, Fe, Hf, Hg,
Ir, La, Lu, Na, Nd, Rb, Sc, Se, Sm, Sn, Ta, Th, Tb, U, W and Yb contents. The remainder of the elements
– Ag, Al, B, Be, Bi, Ca, Cd, Cu, Hf, K, Li, Mg, Mn, Mo, Ni, P, Pb, S, Sr, Ti, Y and Zn – has their values
determined by ICP following aqua regia digestion.
Actlabs is a fully accredited laboratory to ISO 17025 and CAN-P-1579 and NELAP standards. A number
of Certified Reference Material standards and carbonate sand blanks are inserted into the sequence of
samples to be analyzed. Splits and duplicates are also systematically analyzed for quality control.
Approximately 20% of the samples submitted for analysis are for quality control.
About Carube Resources Inc.: Carube is a private company focussed on the rapid development of
precious metal and copper projects in eastern Canada and the Caribbean. Its wholly owned subsidiary,
Carube Resources Jamaica Ltd. (CRJL), owns a 100% interest in two highly prospective copper/gold/silver
licenses covering 85 km2 of the Central Inlier in Jamaica. The interest is subject to a series of staged
payments, share issuances and exploration commitments over a four year period beginning March, 2011. It
also owns a 100% interest in Rodinia Jamaica Limited, which controls 4 additional licences covering a total
of 176 square kilometres located mainly on three of Jamaica’s highly prospective Cretaceous Inliers. In
addition it has an option to earn a 100% interest on the highly prospective 23 km2 Fiedmont platinum and
palladium project north of Val d’Or, Quebec. It currently has 23.5M common shares outstanding.
This press release contains certain forward-looking statements, which are based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected. Carube undertakes no obligation to update forward-looking
statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue
reliance on forward-looking statements.
For additional information contact:
Darrell Munro, BB.A, LL.B, Corporate Administration
E-mail: [email protected]
Tel: (613) 836-0198
Vern Rampton, Ph.D., P. Eng, President and CEO
E-mail: [email protected]
Tel.: (613) 836-2594
Jeff Ackert, BSc. (Geol), VP-Exploration
Tel.: (613) 836-2594
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