Blue Note Drilling Confirms Continuity of Mineralization at Depth in Caribou Mine

Blue Note Drilling Confirms Continuity of Mineralization at Depth in Caribou Mine

Blue Note Mining Inc. reports its recent underground exploration drilling at its Caribou mine near Bathurst, New Brunswick has confirmed continuity of mineralization to a depth of 600 meters.

Eight holes drilled into Lens 3 on Levels 5 (480m) and 6 (560m) and Lens 2 on Level 5 have successfully delineated additional resources. The best hole intersecting Lens 3 returned 9.23% Zn, 3.75% Pb and 98.75 gpt Ag over 3.26 meters (UGX-07-04).

The first 17 holes of 2008 targeted the extension of Lens 6, between Levels 5 and 6. All holes intersected significant sulphide mineralization except two holes that were abandoned due to technical problems. Three of these holes intersected mineralization outside the current inferred resource envelope potentially adding new resources east of Lens 6. The best intersection returned 8.20% Zn, 3.63% Pb and 95.11 gpt Ag over 12.89 meters including 10.21% Zn, 5.12% Pb and 145.36 gpt Ag over 7.92 meters (UGX-08-07).

The last 16 holes of the initial underground drilling program targeted the extension of Lens 1 between Levels 5 and 7 (600m). All the holes drilled in 2008 intersected significant sulphide mineralization, except four holes that were abandoned due to technical problems. The best intersection in Lens 1 returned 8.14% Zn, 2.86% Pb and 74.44 gpt Ag over 10.87 meters (UGX-08-21). Assays results are pending for the last 12 holes of the program (UGX-08-24 to UGX-08-33, UGX-08-37 and 41).

In addition, the drilling has identified some prospective zones outside of the known lenses. This could allow Blue Note to add tonnage to the current inferred resource.

Over 8,863 meters have been drilled in 44 holes using two drills located on Levels 4 (380m) and 5 in the Caribou mine.

The objective of the program was to define portions of the known inferred resources located directly below the mine reserves. Drilling was also undertaken to explore for additional mineralization in the vicinity of the current resource. The program successfully tested the down plunge extension of ore lenses 1, 2, 3 and 6.

“This confirms our belief that there is good continuity of mineralization at depth,” said John Martin Chief Operating Officer of Blue Note Mining, “We also may be able to add new mineral resources that lie outside the known resource envelope.”

The exploration drill program has been suspended for the remainder of 2008 and the focus will shift to evaluating the impact of the drilling completed to date. The objective is to increase the reserves and resources thereby extending the life of the mine. This evaluation will include detailed engineering work and cost estimates.

Blue Note Mining follows a rigorous QA/QC protocol on all its exploration projects. Drill core sent for analysis is split in half with one half sent for analysis and the other half kept for future reference. Activation Laboratories Ltd. (ACTLABS) performed the analytical work for diamond drill holes completed in 2008. All samples are assayed for silver, copper, lead and zinc by sodium peroxide fusion and acid followed by ICP/OES. Gold assays were determined by fire assay and atomic absorption. For diamond drill holes completed in 2007, all samples were prepared and assayed in house by the Blue Note Caribou laboratory. All samples were assayed for silver, copper, lead and zinc by atomic absorption spectrometry.

Blue Note Mining is a Canadian mining company headquartered in Montreal with operations in Bathurst, New Brunswick. The company’s shares trade on the TSX Exchange under the symbol BN.

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