News ReleasesDecember 08, 2005
Jajay Project - Excellent Results From Upper Main Zone, Lorraine Property
Lysander Minerals Corporation (the "Company") is pleased to announce that assay results have been received from DDH 05-105 which was drilled 250 metres to the west of the Upper Main Zone to test for the down dip extensions of the zone. Results are as follows:
Hole No. From (m) To (m) Interval (m) Cu (%) Au (g/t) DDH 05-105 6.50 36.58 30.08 1.192 0.74
With 30 metres of near surface mineralization which carries good copper and gold values, this drill hole is very encouraging. The nature and grade are similar to previous holes drilled in the Upper Main Zone and demonstrates that, subject to further step-out drilling, the zone has the potential for open pit mining.
A second diamond drill hole DDH 05-106 drilled some 500 metres to the southeast of DDH 05-105 intersected near surface mineralization which is visibly similar to that seen in DDH 05-105. Assays are pending.
The 2005 exploration program has been carried out under the direction of Teck Cominco Limited ("Teck Cominco"). The Jajay Project is subject to underlying agreements with Eastfield Resources Ltd. and Teck Cominco.
Lysander has significantly increased its land holdings in the portion of the Quesnel Trough lying about 300 km northeast of Prince George. The Company's expanded land position includes the recently staked Nova 1-8 mineral claims, covering 3,522 hectares, which comprise part of the Pinchi Project. This has been achieved in the face of extensive competitor staking in the area between the South Kemess and Mt. Milligan copper/gold deposits.
Lysander originally acquired the Osilinka project (Cat Mountain) totaling 6,357 hectares in the mid-eighties, assembled and expanded the adjacent Jajay Project to include the Lorraine, Boot Steele, Dorothy and Steelhead properties and the Pal claims (roughly 30,442 hectares) in the mid '90's.
This year, the Pinchi Project (23,736 hectares) adjoining to the west and northwest was acquired based on geological reconnaissance by Dr. P.E. Fox and Mr. D. Bragg.
Lysander's view is that the extensive copper and gold mineralization within the Hogem Batholith and adjacent Takla age volcanic rocks is related to major northwest trending structures within a rift valley and a major 10 km diameter ring structure, possibly a caldera type collapse, the Jajay Ring. Also as noted by most workers there is an intense alkalic metasomatism (alteration) of the rocks.
It is anticipated that 2006 should see significant exploration activity and success comparable with the Cariboo District and the Stikine.
Donald K. Mustard, P. Eng. President, is the Qualified Person for the NI 43-101 compliant disclosure of mineral exploration information in respect of the projects described in this news release. A strict QA-QC program includes certified standards and field duplicates. Sampling and sample shipments are carefully monitored. The samples are trucked directly from the site to ACME Analytical Laboratories Ltd., and ISO 9002 Accredited company in Vancouver, B.C. The drilling results listed represent core lengths and do not reflect thicknesses or true widths.
On behalf of the Board,
Donald K. Mustard, P.Eng.
President and CEO
For further information please contact Larry Myles, Shareholder Communications at 604-408-7600 and visit the Company's website at www.lysandercorp.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
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