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SWC Sherwood Copper Com Npv

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0.00 (0.00%)
Share Name Share Symbol Market Type
Sherwood Copper Com Npv TSXV:SWC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Sherwood Reports Further High Grade Intercepts From Its Kutcho Copper Project

22/09/2008 11:01am

Marketwired Canada


Sherwood Copper Corporation (TSX VENTURE:SWC)(TSX VENTURE:SWC.DB) today
announced the third batch of assay results from its 2008 drill program at the
high grade Kutcho Copper Project, located in north-western British Columbia.
This program is defining high grade mineralization in the "Main" deposit, one of
three massive sulphide deposits identified at Kutcho, which Sherwood controls
through its wholly owned subsidiary, Kutcho Copper Corp.


Highlights from this latest batch of eight holes are tabulated below, while
complete results are attached. Results for previously reported holes are in news
releases dated July 14 and September 2, 2008, which are available on the
company's webpage.




--------------------------------------------------------------------------
                 From     To Interval Interval  Copper  Zinc  Gold  Silver
Hole ID            (m)    (m)      (m)     (ft)     (%)   (%) (g/t)   (g/t)
--------------------------------------------------------------------------
WK08-139        101.5  130.6     29.1     95.5    1.82  2.38  0.37    23.1
--------------------------------------------------------------------------
 including      102.0  124.5     22.4     73.5    2.04  3.12  0.43    27.0
--------------------------------------------------------------------------
WK08-140        108.2  129.1     20.9     68.6    1.67  2.33  0.26    24.2
--------------------------------------------------------------------------
 including      108.2  115.0      6.8     22.3    2.18  4.27  0.32    30.8
--------------------------------------------------------------------------
WK08-142        114.0  132.5     18.5     60.7    2.31  2.20  0.35    31.1
--------------------------------------------------------------------------
 including      114.9  119.8      4.9     16.1    3.21  2.72  0.51    43.7
--------------------------------------------------------------------------
WK08-143        122.1  134.4     12.3     40.3    2.20  3.25  0.37    39.5
--------------------------------------------------------------------------
 including      122.1  130.4      8.3     27.2    2.81  4.63  0.45    51.2
--------------------------------------------------------------------------
WK08-144        141.9  161.1     19.3     63.3    2.47  1.81  0.25    30.0
--------------------------------------------------------------------------
 including      152.8  161.1      8.3     27.2    3.08  0.96  0.23    34.3
--------------------------------------------------------------------------
 including      152.8  155.9      3.1     10.2    5.49  0.59  0.15    45.5
--------------------------------------------------------------------------



"Drilling at the Kutcho Copper Project continues to deliver strong results, with
excellent grades over significant thicknesses," said Stephen Quin, President and
CEO of Sherwood Copper. "We appear to be successful in linking up high grade
areas within the Main deposit, which should result in improved grades versus the
previously reported resource estimate," he said. "Overall, the Main deposit is
emerging as a robust, high grade, near surface copper resource with significant
zinc, gold and silver by-products." The Main deposit is a volcanogenic massive
sulphide deposit that outcrops in the south and dips at about 50 degrees to the
north, the same direction as the hill side, which helps keep strip ratios
modest.


2008 Drill Program

The 2008 drill program was designed to increase confidence levels within the
Main deposit mineral resource, to infill gaps identified in the previous
resource model and to test potential to expand and link up high grade areas
within the Main deposit. A second priority is to provide ample sample material
for an extensive metallurgical program, all in support of advancing the Kutcho
Copper Project toward completion of a feasibility study.


Seventy-eight new holes (81 were collared but 3 were abandoned) were
successfully completed within the Main deposit resource area in 2008, adding to
the 221 existing holes upon which the recent NI43-101 indicated mineral resource
(17.3 million tonnes grading 1.56% copper, 2.12% zinc, 0.29g/t gold and 26.1g/t
silver) was based, as reported on June 12, 2008. Once all of the assay data from
the 2008 program is received, an updated mineral resource estimate will be
prepared. Geological modelling (in preparation for this NI43-101 compliant
resource) is proceeding well and completion of the resource estimate is expected
before the end of 2008. This updated estimate will include approximately 35%
more drill holes than the previous estimate, including numerous new drill
intercepts in the central and western portions of the Main deposit, where drill
spacing has been cut approximately in half, providing much greater confidence in
the resource estimate and in the continuity of the high grade mineralization
therein.


2008 Drill Program Statistics

The 2008 drill program was completed in August 2008 with 9,905 metres of HQ-size
core drilling in 81 holes (including 3 which were abandoned). Of the 78
completed holes, full assay results have now been received and announced for 55
holes, while final results are pending on the remaining 23 holes. Follow the
link below to view a long section displaying the 2008 results released to date.
All holes were drilled with HQ-size core to provide a larger assay sample for
better statistical reliability and to provide ample material for metallurgical
testing.


www.sherwoodcopper.com/i/pdf/2008-09-22KutchoMainDepositLongsection.pdf

Kutcho Copper Project

Sherwood views Kutcho's high grade, near surface copper resources, with their
substantial by-product credits of zinc, silver and gold, as an opportunity to
potentially develop an economically attractive open pit mining operation similar
in scale to its Minto Mine. The previously announced PEA set out a base case for
development of the Kutcho Copper Project by focusing on the Main deposit, but
outlined a number of opportunities to materially enhance the merits of the
project. Sherwood is continuing the process of optimizing the Kutcho Copper
Project by focusing on these opportunities. Further, there is additional upside
potential from the possible exploitation of underground resources not considered
in the PEA and through the discovery of additional deposits in this prospective
volcanogenic massive sulphide terrain.


About Sherwood Copper

Sherwood Copper's objective is the profitable production of base and precious
metals from high grade, open pit mines in Canada. Sherwood's first operation,
the high grade Minto copper-gold mine in Yukon, Canada, was built on budget and
ahead of schedule. The Minto Mine is one of the highest-grade open pit
copper-gold mines in the world, and is forecast to be a low cost producer.
Aggressive exploration on the Minto property has yielded significant success,
providing Sherwood the opportunity to 'grow from within' by substantially
expanding the resource and reserve base, potentially supporting further
production increases. To further accelerate its production growth, Sherwood
intends to pursue merger & acquisition opportunities that fit its business model
and, in May 2008, Sherwood acquired 100% ownership in Western Keltic Mines (now
Kutcho Copper Corp.), owner of the high-grade Kutcho copper-zinc-gold-silver
deposit in north-western British Columbia. Sherwood expects to lever off its
successful development of the Minto Mine by re-evaluating and optimizing the
Kutcho Copper Project and advancing it to a production decision. Sherwood has
also agreed to combine with Capstone Mining, subject to requisite shareholder
and regulatory approvals, creating a new low cost, growth oriented copper
producer with two high grade mines and a strong balance sheet.


Quality Assurance

The technical information in this news release has been prepared in accordance
with Canadian regulatory requirements set out in National Instrument 43-101 and
reviewed by Stephen P. Quin, P. Geo., President & CEO for Sherwood Copper
Corporation. The exploration activities at the Kutcho Project site are carried
out under the supervision of Brad Mercer, P. Geol., and V.P. Exploration with
Sherwood.


The analytical method for copper, zinc and silver includes aqua regia digestion
followed by ICP-AES (atomic emission spectroscopy). If either copper or zinc
reports over 2500ppm (0.25%), ore grade analysis is conducted for copper, zinc
and silver. Gold is measured using fire assay followed by atomic absorption
spectroscopy. When visible gold is noted in drill core samples or regular fire
assay values exceed 5 grams per tonne, the pulp and screen metallic assay method
is used to determine total gold content and gold content of different size
fractions. This is considered industry best practice when dealing with coarse
gold mineralization where a nugget effect is suspected. The result of the pulp
and screen metallic assay is accepted as the most representative value and used
in the assay database for resource calculations. All analytical work is carried
out by ALS Chemex in North Vancouver. Blanks and standard reference materials
are used for quality assurance and quality control. If more than two check
samples assay outside the expected ranges, the entire work order is re-assayed.
After the completion of planned drill programs at Kutcho, random check assays
will be carried out by Acme Analytical of Vancouver.


Additional information on Sherwood and its Minto & Kutcho projects can be
obtained on Sherwood's website at http://www.sherwoodcopper.com.


On behalf of the board of directors

SHERWOOD COPPER CORPORATION

Stephen P. Quin, President & CEO

Forward Looking Statements

This document may contain "forward-looking statements" within the meaning of
Canadian securities legislation and the United States Private Securities
Litigation Reform Act of 1995. These forward-looking statements are made as of
the date of this document and the Company does not intend, and does not assume
any obligation, to update these forward-looking statements.


Forward-looking statements relate to future events or future performance and
reflect management's expectations or beliefs regarding future events and
include, but are not limited to, statements with respect to the estimation of
mineral reserves and resources, the realization of mineral reserve estimates,
the timing and amount of estimated future production, costs of production,
capital expenditures, success of mining operations, environmental risks,
unanticipated reclamation expenses, title disputes or claims and limitations on
insurance coverage. In certain cases, forward-looking statements can be
identified by the use of words such as "plans", "expects" or "does not expect",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or statements that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved" or the
negative of these terms or comparable terminology. By their very nature
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. Such
factors include, among others, risks related to actual results of current
exploration activities; changes in project parameters as plans continue to be
refined; future prices of resources; possible variations in ore reserves, grade
or recovery rates; accidents, labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing or in the
completion of development or construction activities; as well as those factors
detailed from time to time in the Company's interim and annual financial
statements and management's discussion and analysis of those statements, all of
which are filed and available for review on SEDAR at www.sedar.com. Although the
Company has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. There can be
no assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements.


Accordingly, readers should not place undue reliance on forward-looking statements.



                         Details of Drill Results
                         ------------------------
    To accompany Sherwood Copper News Release Dated September 22, 2008

--------------------------------------------------------------------------
                 From     To Interval Interval  Copper  Zinc  Gold  Silver
Hole ID            (m)    (m)      (m)     (ft)     (%)   (%) (g/t)   (g/t)
--------------------------------------------------------------------------
WK08-089 to 98             Previously Released on July 14, 2008
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-099 to 132          Previously Released on September 2, 2008
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-133         17.9   27.8      9.9     32.5    0.45  1.01  0.14    16.1
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-134 to 135          Previously Released on September 2, 2008
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-136         76.8   90.7     13.9     45.6    0.38  0.61  0.11     4.4
--------------------------------------------------------------------------
 including       87.8   90.7      2.9      9.5    1.05  0.72  0.22    12.7
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-137 to 138          Previously Released on September 2, 2008
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-139        101.5  130.6     29.1     95.5    1.82  2.38  0.37    23.1
--------------------------------------------------------------------------
 including      102.0  124.5     22.4     73.5    2.04  3.12  0.43    27.0
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-140        108.2  129.1     20.9     68.6    1.67  2.33  0.26    24.2
--------------------------------------------------------------------------
 including      108.2  115.0      6.8     22.3    2.18  4.27  0.32    30.8
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-141         78.6   87.9      9.3     30.5    1.30  2.97  0.31    35.1
--------------------------------------------------------------------------
 including       78.6   83.1      4.5     14.8    2.28  5.51  0.53    62.6
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-142        114.0  132.5     18.5     60.7    2.31  2.20  0.35    31.1
--------------------------------------------------------------------------
 including      114.9  119.8      4.9     16.1    3.21  2.72  0.51    43.7
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-143        122.1  134.4     12.3     40.3    2.20  3.25  0.37    39.5
--------------------------------------------------------------------------
 including      122.1  130.4      8.3     27.2    2.81  4.63  0.45    51.2
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-144        141.9  161.1     19.3     63.3    2.47  1.81  0.25    30.0
--------------------------------------------------------------------------
 including      142.4  155.9     13.5     44.3    2.84  1.97  0.23    31.5
--------------------------------------------------------------------------
 including      152.8  161.1      8.3     27.2    3.08  0.96  0.23    34.3
--------------------------------------------------------------------------
 including      152.8  155.9      3.1     10.2    5.49  0.59  0.15    45.5
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-145 to 168                    Results are pending
--------------------------------------------------------------------------

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