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Mediterranean announces new discovery at Celtik 6.51 g/t gold and 0.9 % copper over 18.4 metres

12/16/2008 7:45 AM - Canada NewsWire


VANCOUVER, Dec. 16, 2008 (Canada NewsWire via COMTEX News Network) --

Mediterranean Resources Ltd. (TSX: MNR, Frankfurt: MHM1) announces initial drill results confirming the Celtik property as a new discovery at the eastern extension of MNR's 12 kilometre Yusufeli mineralized trend in northeastern Turkey. Assays from three holes returned multiple intercepts with gold and copper values up to 6.51 g/t Au and 0.9% Cu over 18.4 metres (HD-04) at a depth of 166.2 to 184.6 metres.


The Celtik drilling program is now completed. MNR drilled approximately 9,400 metres in 2008: 6,500 metres of infill drilling at Corak; 1,000 metres extension drilling at West Corak; and 1,900 metres at the new Celtik discovery area. Significant mineralization has now been identified at three areas within MNR's land package, which comprises over 100 square kilometres (10,000 hectares). Updated Tac and Corak resource estimates incorporating the Celtik results as an extension to Tac and those for West Corak as an extension to Corak are expected by the end of January 2009.


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I have a few of these.

Let's see where they settle down now that the news is out


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