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CO

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Share Name Share Symbol Market Type
TSXV:CO 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 -

Canadian Orebodies Highlights Drill Results on the Farley Lake Mine Project Joint Venture with Carlisle Goldfields Limited

17/03/2014 9:13pm

Marketwired Canada


Canadian Orebodies Inc. (TSX VENTURE:CO) ("Orebodies" or the "Company") is
pleased to highlight interim results from an additional 6 holes on the Farley
Lake Mine Project, which the company has a 10% interest in through a joint
venture with Carlisle Goldfields Limited (TSX:CGJ) ("Carlisle"), who is the
operator of the project. Drill hole FL13-01 intersected 6.1 g/t gold ("Au") over
17.0m from 138.0m to 155.0m. Drilling at Farley Lake commenced in December 2013
(see Carlisle's Press Release dated December 12, 2013).


Carlisle's President and CEO, Abraham Drost commented that: "Our second set of
drill results shows that the grade of Inferred resources encountered in the
current drill program at Farley is holding up well. While there is more drilling
to be done to convert Inferred ounces at Farley to the appreciable
pre-feasibility ready Measured and Indicated gold resource at the Farley and
MacLellan deposits under the recent optimized PEA (see Press Release dated
February 27, 2014), we are off to a good start."




                                  From         To   Drill Interval  Au Grade
Hole                               (m)        (m)              (m)     (g/t)
FL13-01                           69.0       77.0              8.0       2.2
                                 138.0      155.0             17.0       6.1
                                                                            
FL13-02                           65.5       69.0              3.5       5.9
                                 148.5      150.0              1.5       6.2
                                 164.5      167.5              3.0       5.4
                                                                            
FL13-04                           77.0       78.0              1.0       8.2
                                                                            
FL13-09                          139.5      145.5              6.0       2.9
                                 334.0      346.0             12.0       4.6
                                 353.0      369.5             16.5       4.0
                                                                            
FL13-14                            120        133             13.0       2.2
                                   184        195             11.0       3.3
                                                                            
FL13-17                            174        177              3.0       5.4
                                                                            
(i)  Drill Results highlighted and sub results use an arbitrary cut-off     
     grade of 0.60 g/t Au.                                                  
(ii) true width calculations indicate that true width is in excess of 90% of
     core length.                                                           



QA/QC

Carlisle's exploration programs are carried out under the supervision of Peter
Karelse P.Geo., Vice-President of Exploration, a Qualified Person as defined by
NI 43-101, who reviewed and approved the technical content of this press
release.


Samples were transported directly in secure containers from the Carlisle
Goldfields site in Lynn Lake, Manitoba, to the TSL Laboratories in Saskatoon,
Saskatchewan. TSL, which is an accredited ISO/IEC 17025 lab, assayed the samples
using standard fire assay methods with a gravimetric finish. Certified standards
are placed in the sample stream at a rate of one standard per 20 samples.
Certified blanks are placed in the sample stream at a rate of one blank every 40
samples. One lab reject duplicate per 30 samples is submitted to an umpire lab
for assay verification. Results are analyzed for acceptance at the time of
import. All standards associated with the results in this press release were
determined to be acceptable within the defined limits of the standard used.


About Orebodies: Canadian Orebodies is a Canadian-based mineral exploration
company with a portfolio of properties in Nunavut, Ontario, and Manitoba.
Canadian Orebodies trades on the TSXV under the symbol "CO". For more
information please visit www.canadianorebodies.com. 


This press release shall not constitute an offer to sell or solicitation of an
offer to buy the securities in any jurisdiction. The Company's shares and other
securities have not been and will not be registered under the United States
Securities Act of 1933 and may not be offered or sold in the United States
absent an applicable exemption from the registration requirements.


Except for statements of historical fact contained herein, the information in
this press release may constitute "forward-looking information" within the
meaning of Canadian securities law. Other than statements of historical fact,
all statements are "forward-looking statements", including the establishment and
estimate of resources, that involve various known and unknown risks and
uncertainties and other factors. There can be no assurance that such statements
will prove accurate. Results and future events could differ materially from
those anticipated in such statements. Readers of this press release are
cautioned not to place undue reliance on these "forward-looking statements".
Except as otherwise required by applicable securities statutes or regulation,
Carlisle expressly disclaims any intent or obligation to update publicly
forward-looking information, whether as a result of new information, future
events or otherwise.


Neither IIROC nor the TSX accepts responsibility for the adequacy or accuracy of
this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Orebodies Inc.
Gordon McKinnon
President & CEO
(705) 268-9000
www.canadianorebodies.com

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