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SCO

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Share Name Share Symbol Market Type
TSXV:SCO 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 -

Carrie Arran Announces Drill Results From 2011 Exploration Program

12/03/2012 7:30pm

Marketwired Canada


THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
NOR FOR DISSEMINATION IN THE UNITED STATES.


Carrie Arran Resources Inc. ("Carrie Arran") (TSX VENTURE:SCO) announces drill
results for its 2011 diamond drill exploration program on its Black Creek
Project. 


The diamond drilling program was conducted on the Black Creek property between
September 29 and October 15, 2011. The program consisted of three holes, as
follows:




DDH#         GRID LOC AZIMUTH DIP   CLAIM# DEPTH
                                                
B-11-01     325N+420E  AZ 236 -55  3002203  498m
B-11-02     272N+420E  AZ 231 -55  3002203  342m
B-11-03     272N+325E  AZ 230 -45  3002203  150m



A total of 990 metres ("m") were drilled targeting the East Erret Lake zone
south of Erret Lake. Hole B-11-01 was designed to undercut holes B-96-3 and
B-96-5 where a zone of shearing, carbonatization and pyrite mineralization
widening at depth and containing anomalous gold values was encountered by
previous owners in 1996. The deepest cut of the zone at that time was
approximately 100 m vertical and hole B-11-01 was designed to cut the zone at
250 m vertical depth. Holes B-11-02 and B-11-03 were designed to cut the East
Erret Lake zone approximately 50 m along strike southwest of B-11-01.


Anomalous gold mineralization was intersected in all three holes completed. The
best intersection was 33.395 grams per tonne gold ("g/t Au") over a core length
of 0.41 m in hole B-11-01 at a depth of 289 m. Other intervals from the drilling
include: 




B-11-01 0.664 g/t Au over 1.74 m, 0.776 g/t Au over 2.16 m, 33.395 g/t over 
        0.41 m (check assay - 19.337 and 25.090 g/t Au) and 1.545 g/t Au    
        over 1.3 m                                                          
B-11-02 0.823 g/t Au over 0.82m                                             



No significant mineralization was encountered in hole B-11-03. 

Gold mineralization is closely associated with strong shearing within basalt
units accompanied with moderately strong carbonatization and possible
albitization. Higher gold tenures in the Black Creek drilling are, in general,
directly related to a combination of carbonatization and sulphide mineralization
(pyrite). An increase in pyrite mineralization does not necessarily result in an
increase in tenure but is an indication of fluid movement within the alteration
zone.


Carrie Arran is compiling this information and will evaluate how to proceed with
its next exploration program on the Black Creek Project.


Quality Control

The design of the Carrie Arran's drilling programs, Quality Assurance/Quality
Control and interpretation of results is under the control of Carrie Arran's
consulting staff including qualified persons employing a QA/QC program
consistent with NI 43-101 and industry best practices. The Black Creek Project
half-core samples were shipped to Polymet Labs (a Division of Polymet Resources
Inc.) of Cobalt, Ontario and analyzed employing the appropriate gold fire
assaying techniques. For QA/QC purposes Carrie Arran submits standards and blank
samples.


The content of this news release has been reviewed, and verified by Mr. Mike
Sutton, P.Geo., who serves as the Qualified Person in accordance with National
Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian
Securities Administrators. The drill core is sawn in half with one half of the
core samples shipped to Polymet Labs (a Division of Polymet Resources Inc.) of
Cobalt, Ontario or Swastika Laboratories in Swastika, Ontario. The other half of
the core is retained for future assay verification. Other QA/QC includes the
insertion of blanks, and standards. Gold analysis is conducted by the
appropriate gold fire assaying techniques. The laboratory re-assays at least 10%
of all samples and additional checks (on the reject) were run on anomalous
values.


About Carrie Arran Resources Inc.

Carrie Arran's principal business is the acquisition, exploration and
development of mineral properties. Since its IPO, Carrie Arran has focused on
the exploration of the Black Creek Project, located approximately 30 km north of
Kirkland Lake, Ontario, Canada. For more information on the Black Creek Project,
please refer to Carrie Arran's NI 43-101 compliant technical reports, "Technical
Report on the Black Creek Property for Carrie Arran Resources - Black Township -
Larder Lake Mining Division - Ontario" dated as of February 8, 2011 and
available on SEDAR at: www.sedar.com.


This press release shall not constitute an offer to sell or solicitation of an
offer to buy the securities in any jurisdiction. The common shares issuable upon
exercise of the Warrants will not be and have not been 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.


Forward-Looking Statement Cautions:

This Press Release contains forward-looking statements which may involve a
number of risks and uncertainties. Actual events or results could differ
materially from Carrie Arran's forward-looking statements and expectations
herein.


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