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SWC Sherwood Copper Com Npv

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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 Copper Reports High Grade Intercepts from the Kutcho Drill Program

14/07/2008 12:01pm

Marketwired Canada


Sherwood Copper Corporation (TSX VENTURE:SWC)(TSX VENTURE:SWC.DB) today
announced the first batch of high grade assay results from the 2008 drill
program at the Kutcho Deposit located in northwestern BC. The 2008 drill program
is designed to help advance the project towards completion of a feasibility
study. Highlights of the recent results are tabulated below, while complete
results for the first 13 holes of the 2008 program are attached.




--------------------------------------------------------------------------
            From     To Interval   Interval   Copper    Zinc  Gold  Silver
Hole ID       (m)    (m)      (m)       (ft)      (%)     (%) (g/t)   (g/t)
--------------------------------------------------------------------------
WK08-090    90.9  110.8     19.9       65.3     2.52    2.59  0.52    47.3
--------------------------------------------------------------------------
 including  92.4   97.3      4.9       16.1     3.79    2.07  1.13    95.4
--------------------------------------------------------------------------
 and        99.2  107.8      8.6       28.2     2.87    3.54  0.43    42.2
--------------------------------------------------------------------------
WK08-091   101.9  127.4     25.5       83.7     1.92    2.46  0.30    30.8
--------------------------------------------------------------------------
 including 112.8  123.0     10.2       33.5     2.60    3.94  0.33    38.1
--------------------------------------------------------------------------
WK08-092    84.7  103.8     19.1       62.7     1.47    2.56  0.22    20.4
--------------------------------------------------------------------------
 including  87.8   91.7      3.9       12.8     2.48    3.34  0.39    45.4
--------------------------------------------------------------------------
WK08-095    60.4   65.5      5.1       16.7     2.05    0.91  0.20    36.5
--------------------------------------------------------------------------
 and        73.4   82.4      9.0       29.5     1.29    1.97  0.29    20.3
--------------------------------------------------------------------------
WK08-096     6.2   14.9      8.7       28.5     0.50    0.96  0.14    10.7
--------------------------------------------------------------------------
 and        33.8   55.5     21.7       71.2     1.96    2.47  0.38    26.9
--------------------------------------------------------------------------
 including  33.8   36.1      2.3        7.5     4.91    3.49  1.92    96.9
--------------------------------------------------------------------------
 and        45.1   49.6      4.5       14.8     3.23    1.04  0.28    38.0
--------------------------------------------------------------------------
WK08-105   118.9  138.5     19.6       64.3     2.13    4.22  0.40    30.6
--------------------------------------------------------------------------
 including 120.8  124.1      3.3       10.8     4.68    4.15  0.79    60.9
--------------------------------------------------------------------------



"We continue to advance the Kutcho project towards a feasibility study," said
Stephen Quin, President & CEO of Sherwood Copper. "These drill results are part
of a multifaceted work program that builds off the recommendations of the
recently completed preliminary economic assessment. These drill results help
better define the resource in the 'Main' deposit, and especially the higher
grade trends within that deposit, which should assist in mine design. The
intersection of such excellent thicknesses with very good copper grades, plus
significant zinc, silver and gold by-products is very encouraging."


The 2008 drill program was undertaken in order to increase confidence in the
mineral resources that comprise the bulk of the "Main" deposit, to infill gaps
in the previous resource model, test potential along open high grade trends
within the Main deposit and to provide ample sample material for an extensive
metallurgical program, all in support of advancing the Kutcho Project toward
completion of a feasibility study. The Main deposit is one of three known
mineral deposits comprising the Kutcho Project and is the one focused on in the
Preliminary Economic Assessment ("PEA"), the results for which were announced on
June 12, 2008. The PEA identified a number of opportunities to significantly
enhance the project economics versus those set out in the PEA, with increased
resources within the production model and improved metallurgical recoveries
being two of the most significant. The current drill program is therefore
assisting in advancing both of these opportunities to a resolution.


The metallurgical program is already underway at SGS Lakefield, with initial
testing utilizing previously drilled drill core. The core generated from the
2008 drill program will be used for continued testing in support of a
feasibility study. The 2008 drilling, on-going metallurgical test work and other
activities will be instrumental in determining the best "fit for purpose" mill
design and milling capacity for the Kutcho Project.


Drill Program

To date in the 2008 drill program, 7,024 metres of drilling have been completed
in 61 holes. Full assay results have been received for 13 holes, while final
results are pending on the remaining 48 holes. The drill program is still in
progress and is expected to be completed near the end of July.


Diagrams

Kutcho Drill Program - Kutcho Long Section ("Looking North") -
http://media3.marketwire.com/docs/swc714map.JPG


Kutcho Copper Project

Sherwood, through its wholly owned subsidiary Kutcho Copper Corp., aims to
define and develop a robust high grade, open pit copper mine at Kutcho. The
previously announced PEA sets out a base case for development at Kutcho, but
outlined a number of opportunities to materially enhance the merits of the
project and Sherwood is continuing its process of optimizing the Kutcho Project
based on these opportunities.


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 operating
mine, 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 expanding the
resource and reserve base, potentially leading to 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 northwestern British
Columbia. Sherwood expects to lever off its successful development of the Minto
Mine and rapidly advance the Kutcho project to a production decision.


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

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 July 15, 2008

--------------------------------------------------------------------------
            From     To Interval   Interval   Copper    Zinc  Gold  Silver
Hole ID       (m)    (m)      (m)       (ft)      (%)     (%) (g/t)   (g/t)
--------------------------------------------------------------------------
WK08-088                             Abandoned
--------------------------------------------------------------------------
WK08-089    84.9  110.3     25.4       83.3     1.40    3.89  0.24    19.9
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-090    90.9  110.8     19.9       65.3     2.52    2.59  0.52    47.3
--------------------------------------------------------------------------
 including  92.4   97.3      4.9       16.1     3.79    2.07  1.13    95.4
--------------------------------------------------------------------------
 and        99.2  107.8      8.6       28.2     2.87    3.54  0.43    42.2
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-091   101.9  127.4     25.5       83.7     1.92    2.46  0.30    30.8
--------------------------------------------------------------------------
 including 112.8  123.0     10.2       33.5     2.60    3.94  0.33    38.1
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-092    84.7  103.8     19.1       62.7     1.47    2.56  0.22    20.4
--------------------------------------------------------------------------
 including  87.8   91.7      3.9       12.8     2.48    3.34  0.39    45.4
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-093    52.8   70.3     17.5       51.4     0.77    0.74  0.12     9.3
--------------------------------------------------------------------------
 including  63.4   70.3      6.9       22.6     1.42    1.57  0.17    12.9
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-094    28.4   30.0      1.6        5.2     1.28    0.15  0.14    16.1
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-095    60.4   65.5      5.1       16.7     2.05    0.91  0.20    36.5
--------------------------------------------------------------------------
 and        73.4   82.4      9.0       29.5     1.29    1.97  0.29    20.3
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-096     6.2   14.9      8.7       28.5     0.50    0.96  0.14    10.7
--------------------------------------------------------------------------
 and        33.8   55.5     21.7       71.2     1.96    2.47  0.38    26.9
--------------------------------------------------------------------------
 including  33.8   36.1      2.3        7.5     4.91    3.49  1.92    96.9
--------------------------------------------------------------------------
 and        45.1   49.6      4.5       14.8     3.23    1.04  0.28    38.0
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-097    68.0   77.2      9.2       30.2     0.61    0.38  0.16    12.1
--------------------------------------------------------------------------
 and        82.7   87.4      4.7       15.4     1.37    3.67  0.18    15.0
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-098    97.7  108.5     10.8       35.4     1.03    2.59  0.16    15.5
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-099    83.7   98.2     14.6       47.9       Preliminary Data Only -
                                                   Final Assays Pending
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-100    90.3  108.8     18.5       60.7       Preliminary Data Only -
                                                   Final Assays Pending
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-101   100.0  123.6     23.6       77.4       Preliminary Data Only -
                                                   Final Assays Pending
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-102    18.5   32.3     13.8       45.3     0.68    1.41  0.16    10.4
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-103   122.9  138.7     15.8       51.8       Preliminary Data Only -
                                                   Final Assays Pending
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-104    34.7   48.9     14.2       46.6       Preliminary Data Only -
                                                   Final Assays Pending
--------------------------------------------------------------------------

--------------------------------------------------------------------------
WK08-105   118.9  138.5     19.6       64.3     2.13    4.22  0.40    30.6
--------------------------------------------------------------------------
 including 120.8  124.1      3.3       10.8     4.68    4.15  0.79    60.9
--------------------------------------------------------------------------

--------------------------------------------------------------------------
     WK08-106 to 112 & 115                        Preliminary Data Only -
                                                   Final Assays Pending
--------------------------------------------------------------------------

--------------------------------------------------------------------------
       WK08-116 to 148                            All assay data pending
--------------------------------------------------------------------------

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