Confederation Minerals Ltd. Announces Commencement of Drilling at Confederation Lake

Confederation Minerals Ltd. Announces Commencement of Drilling at Confederation Lake

Monday, August 25th 2008

Lawrence Dick, the President of Confederation Minerals Ltd., is pleased to report that the Company has commenced drilling on its Confederation Lake property (Mitchell Belanger claims) in the Red Lake District of Northwestern Ontario. The Company plans to carry out 2,000 meters of drilling to test several geo-chemical anomalies identified by last years work program.

The Confederation Lake Property consists of 26 staked claims, comprising 184 staked units and covering 2,978 hectares, over a 18.5km by 4km length of the Archean Confederation Lake greenstone belt in the Red Lake Mining Division of Ontario.

The property is favourably situated between the past producing South Bay Mine at the north-eastern boundary, and Tribute Mineral’s Garnet Lake Discovery at the south-western boundary.

The South Bay Mine was operated by Selco from 1971 to 1981 and mined 1.45 million grading 2.3% Cu, 14.7% Zn and 120.0g/t Ag. (Atkinson et al 1990). Tribute Minerals has reported a 43-101 compliant indicated resource (at a cut-off grade of 3% per cent zinc equivalent) of 2,070,288 tonnes grading 5.92% Zn, 0.75% Cu, 0.58 gpt Au and 21.1 gpt (G.S. Carter, P.Eng Sep. 4, 2007). This information cannot be verified by Smith, and is not necessarily indicative of any mineralization on the Company’s Property.

Minnova Inc. previously held most of the Confederation Lake Property during the early 1990s. Their exploration objectives were to define the physical volcanology, the limits of hydrothermal alteration, and the location of all syn-volcanic structures. The latter was postulated to focus hydrothermal alteration associated with the potential formation of volcanogenic massive sulfide (VMS) deposits on the Property.

During Minnova’s exploration program, a total of 250kms of geological mapping was completed and 1,992 rock samples were collected for litho-geochemical analysis. Twenty five (25) of these samples were interpreted (by Minnova) as being anomalous. Minnova’s work identified major syn-volcanic structures with andalusite and sillimanite hydrothermal alteration minerals. They believed that their results supported the model that a number of potential geological targets at depth capable of hosting massive sulfide deposits existed on the Property.

Inmet Mining Corp., 1995-6, focused on VMS style potential that could be associated with the unexplored sodium depletion zone adjacent to a postulated West Graben fault located along the Confederation Lake shoreline. Their encouraging drill program resulted in the recommendation to continue following this model southwards where a significant prospective area is hosted within the Confederation Lake Property.

According to Public Work Assessment files, previous workers would appear to have conducted thorough exploration over most of the Property using the best exploration methods of the day. They subsequently concluded that the discovery of new, economic massive sulphide deposits within 100 meters of surface had been substantially eliminated from prospective areas.

An integrated 3D computer modeling-based exploration approach is now recommended using tools not available to previous workers. In addition to the computer modeling of the extensive data collected by previous workers, it is further recommended that target vectoring employ a combination of new deep penetrating multi-element MMI soil geochemistry, and when appropriate new deep EM methods like the Titan24 system, to locate high potential drill targets at depth and in areas not previously considered to be prospective.

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