COGITORE Resources Inc.: Thick High Grade Copper and Zinc Intercepts Conclude Scott Lake Winter Drilling Campaign

Market Wire, May, 2009

The high grade interval of massive sulphides grading 15.1% zinc over 1.2 metres in SC-39 is interpreted as also being connected with the West Lens but additional drilling is needed to establish the attitude of the West Lens in this area.

"We were somewhat surprised by hole SC-40 but certainly pleased with both the grades and the thickness" commented Dr. Gerald Riverin, the Company's President and CEO. "The intercepts in holes SC-40 and SC-34 indicate a horizontal, rather than vertical orientation as was expected initially. This recent interpretation is consistent with core angle observations made in SC-34 and opens up a significant area of strike length in both plan and section. Overall, the 2008-2009 drilling program at Scott Lake has been very successful as thick sections of copper enriched massive and stringer sulphides were intersected by drill holes SC-40, SC-34, and SC-30 in an area that had previously been thought to host only relatively thin zinc-rich lenses."

While drilling in most areas of the Scott Lake Property is possible for 12 months of the year, before beginning its next phase of drilling at Scott Lake, the Company's geologists need to:

1) Examine all the implications of flatter than expected dips in the SC-34 & SC-40 area.

2) Re-examine interpretations based on old drill holes. Drill hole SL-91-77 seemingly cuts off the West Lens to the north (Figure 2: http://media3.marketwire.com/docs/Figure_2_Scott_Lake.JPG ). However, experience has shown that when old drill holes have been re-entered by the Company and re-surveyed for down-hole deviation with more modern equipment, the plotted locations of the old holes commonly change significantly, which could change the interpretation of the size and shape of the West Lens.

3) Examine new geophysical data on the area. A geophysical firm, working on its own initiative, modelled the public SC-34 drill hole results with prior airborne (MegaTEM) geophysical survey results which appeared 'flat' or non-responsive based on public data. In a technical paper given at an international meeting in China last April the firm's geophysicists claimed to be able to detect or 'see' the mineralization in SC-34 and, most interestingly, the paper also shows similar un-drilled MegaTEM anomalies located respectively 600 metres northwest and 350 metres south of the West Lens geophysical response.

Some ground geophysical follow-up and further modelling is therefore likely, as well as further deviation testing of old drill holes around the West Lens.

When drilling does resume there will be two objectives:

1. To drill the West Lens off on 25-30 metre centres by wedging off existing drill holes, and where necessary drilling new holes. This will allow for a calculation of NI 43-101 compliant resources.

2. Test the recently recognized geophysical targets to the Northwest and South.

Work is carried out by the personnel of Cogitore Resources Inc., under the supervision of Gerald Riverin, PhD, P.Geo. He is a qualified person (as defined by National Instrument 43-101) and has more than 31 years of experience in mineral exploration.

 

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