Colorado Successfully Extends Inel-Type Mineralization to East at KSP

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VANCOUVER, British Columbia, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Colorado Resources Ltd. (“Colorado” or the “Company”) (TSXV – CXO) is pleased to announce diamond drilling results from its 100% owned KSP property located in British Columbia’s prolific Golden Triangle region. As previously announced on July 16, 2018, diamond drilling on the 308 sq. km KSP Property has tested two step-out targets around the historic Inel basin area, including the Big Rock Deformation Zone (BRDZ) to the east, and Inel Zn to the north.

Along the Big Rock Deformation Zone (Figure 1), four oriented-core holes tested the continuity of Inel-type mineralization over a north-east strike length of approximately 400 m. ; see Table 1 for complete results).

Based upon preliminary oriented-core studies (the first to be undertaken on the Inel occurrence), Inel-type mineralization is characterized by relatively shallow dipping structural corridors containing tectonic arrays of pyrite +/- sphalerite-bearing quartz-carbonate veins and veinlets associated multi-metre scale halos of sericite-pyrite alteration and hosting anomalous Au values. Sheeted, extensional, gold-bearing veins are developed between north-east-striking, planar, brittle-ductile high strain zones over significant widths within Stuhini siliclastic wackes and monzonites.

With respect to the Inel Zn target (Figure 1), Colorado completed 4 step-out holes, INDDH-126 to INDDH-129, attempting to test for mineralization delimiting the northern margin of the Inel Basin. No significant results were recorded in these holes.

Complete results for Colorado’s 2016, 2017 and 2018 exploration and drilling programs can be found at .

Colorado Resources Ltd. has implemented a rigorous quality assurance/quality control (QA/QC) program to ensure best practices in sampling and analysis of diamond drill core, the details of which can be viewed on the company's website.

All assays are performed by ALS Canada Ltd., with sample preparation carried out at the ALS facility in Terrace, B.C., and assays at the North Vancouver laboratory. Assay values are uncut. For gold, fire assays are performed as per ALS method Au-AA26 (0.01 to 100.00 g/t Au) using 50 grams of sample measured by atomic absorption (AA). Assays equal to or greater than 10.0 g/t Au are reanalyzed gravimetrically by method Au-GRA22. Silver, copper and zinc are analyzed by ALS method ME-MS61 with a four-acid digestion followed by ICP-MS (inductively coupled plasma mass spectrometry) analysis.  ME-MS61 Values greater than the upper detection limit are continued with ore grade analysis (OG62).

Bill Yeomans, P. Geo., the Company’s consulting geologist, is the Qualified Person as defined by National Instrument 43-101 who reviewed the preparation of the technical data in this news release.

Robert ShawPresident and Chief Executive Officer

A photo accompanying this announcement is available at

More news and information about Colorado Resources Ltd.

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Globe Newswire: 22:01 GMT Friday 14th September 2018

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