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Reservoir Extends High-Grade Gold Mineralization at Deli Jovan

2008-04-08 04:30:00

Reservoir Extends High-Grade Gold Mineralization at Deli Jovan

VANCOUVER, BRITISH COLUMBIA–( EMWNews – April 8, 2008) – Reservoir Capital Corp. (“Reservoir” or “the Company”) (TSX VENTURE:REO) is pleased to announce that it has sampled more extensive high-grade gold mineralization in old mining stopes of the Gindusa location, in the Deli Jovan Permit in northeastern Serbia.

The Company has re-opened 1038 meters of old underground workings on the +550 meter level at Gindusa and undertaken systematic sampling of the gold-bearing quartz vein mineralization in three areas of previous underground stoping: H-10/560, H-5/6, and H-4. A map showing location of these underground stope areas is posted on the Company website www.reservoircapital.com. The mineralization occurs in anastamosing quartz veins and veinlets, which contain variable amounts of pyrite and chalcopyrite and are hosted by intensely sheared gabbro.



---------------------------------------------------------------------------
Sample No. samples Max. value
Stope Number of lengths Average Au greater from stope
Area Samples (meters) Au g/t than 10 g/t area (g/t Au)
---------------------------------------------------------------------------
H-10/560 14 0.7 - 1.5 m 8.73 2 1.0 m @ 48.5 g/t
---------------------------------------------------------------------------
H-5/6 11 0.3 - 1.0 m 10.95(i) 3 0.6 m @ 209 g/t
---------------------------------------------------------------------------
H-4 8 0.3 - 0.5 m 6.67 3 0.4 m @ 27 g/t
---------------------------------------------------------------------------
(i) The analytical result for sample 79100 was cut from 209 g/t (grams per
tonne) gold to 50 g/t gold for the calculation of the average content
of gold in this stope area.

 

All samples were channel-samples oriented perpendicular to the strike of the quartz vein systems and were collected by experienced miners under supervision of the Company geologists. Sample length refers to the total length of the channel sample across the quartz vein systems.

The average gold content (including results reported previously) in individual vein systems that can be mapped and sampled along a strike length greater than 10 meters, is:



-------------------------------------------------------------
Vein Vein strike Number of Sample Average
System length sample sites lengths Au (g/t)
-------------------------------------------------------------
H-6 38 m 8 0.3 - 1.0 m 9.71
-------------------------------------------------------------
H-4 30 m 5 0.4 - 0.5 m 10.57
-------------------------------------------------------------
including 10 m 3 0.4 - 0.5 m 17.15
-------------------------------------------------------------
H-10 17 m 5 0.5 - 1.0 m 18.82
-------------------------------------------------------------

 

Additional samples yielding high grade values of gold were collected from isolated quartz vein systems where strike continuity cannot yet be established. The Company will continue the systematic sampling and mapping of the accessible mineralization at Gindusa in order to determine the structural controls and continuity.

The Deli Jovan Exploration Permit contains three principal locations with historical gold production, Gindusa, Rusman and Seliste, where gold-bearing quartz veins were mined from open pits and underground mining on three levels down to the water table, in the early 20th century. The veins occur within a regional northwest-southeast trending shear zone along a strike length of 8 kilometers. The Company is currently undertaking detailed mapping of the surface workings throughout the permit area and will be undertaking a ground geophysical (magnetic) survey prior to defining drill targets.

Quality Control

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.

About Reservoir

Reservoir is a natural resource company with mineral exploration and renewable energy projects in Serbia. The Company is exploring a portfolio of mineral properties, including Brestovac and Deli Jovan where high-grade gold systems have been identified and has applied for the rights to develop 48MW of run-of-river hydro-electric generating capacity at Brodarevo, in the SW of the country. Reservoir’s common shares trade on the TSX Venture Exchange under the symbol “REO”.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

Reservoir Capital Corp.
Miljana Vidovic
President
(604) 662-8448

or

Reservoir Capital Corp.
Miles Thompson
Chairman
(604) 662-8448

or

Reservoir Capital Corp.
Kim Casswell
Corporate Secretary
(604) 662-8448
(604) 688-1157 (FAX)
Website: www.reservoircapitalcorp.com

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Blake Masterson

Freelance Writer, Journalist and Father of 5

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