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  • Reservoir Minerals announces further drilling results from Timok Cu-Au Project including 100 metres grading 4.31% CuEq and 204 metres grading 1.63% Cu

Reservoir Minerals announces further drilling results from Timok Cu-Au Project including 100 metres grading 4.31% CuEq and 204 metres grading 1.63% Cu

Tuesday, Dec 11, 2012

Reservoir Minerals Inc. ("RMC" or the "Company") (TSX VENTURE:RMC)(PINKSHEETS:RVRLF)(BERLIN:9RE) is pleased to provide an update on the diamond drilling program currently underway on the Chukaru Peki target in the Company's Timok Project, eastern Serbia. The project is a joint venture with Freeport-McMoRan Exploration Corporation ("Freeport"). New drill results include 100 metres with an average grade of 4.31% copper equivalent ("CuEq", average 3.17% copper and 1.91 grams per tonne ("g/t") gold) from 584.0 to 684.0 metres in drill hole FMTC 1217 and 204 metres with an average grade of 1.63% CuEq (average 1.49% copper and 0.24 g/t gold) from 1082.0 to 1286.0 metres in FMTC 1214.

Dr. Simon Ingram, President and CEO of Reservoir Minerals Inc. commented: "Reservoir believes that the results from the wide-spaced drill holes continue to provide confirmation of the project's potential as a significant copper-gold epithermal and porphyry system, the Timok Project is a very exciting project."

The Timok Project:

The Timok Project comprises the Jasikovo-Durlan Potok, Brestovac-Metovnica and Leskovo Exploration Permits that are held by Rakita d.o.o., a 100%-owned Serbian subsidiary of RMC in which Freeport has earned a 55% ownership interest. The Exploration Permits cover an area of 245 square kilometres in the highly prospective Timok Magmatic Complex, eastern Serbia, which includes the world-class Bor-Majdanpek mining and smelting complex with reported historical production of 6 million tonnes of copper and 300 tonnes of gold (9.65 million ounces gold) (BRGM publication BRGM/RC-51448-FR, 2002).

Drill Hole Results:

The collars of the four holes (FMTC 1210, 1213, 1214 and 1217) that have intercepted significant mineralization in the Chukaru Peki target are spaced at approximately 200 to 250 metres apart, as shown on the map on the Company website (www.reservoirminerals.com, Timok Project).

The extent of the high-grade copper-gold mineralization remains open, and drilling is continuing in order to define the limits to the mineralized system.

Source: Marketwire

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