• Frankfurt: 1PY0 :


August 21, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. (TSX-V : AEX) has uncovered three additional high priority low sulphidation epithermal precious metal targets from its 2008 excavator trenching program on its Dora epithermal gold property, part of its Spences Bridge Gold Project, south of Merritt, B.C. Bedrock chip sampling from the June 2008 trenching program has returned values of 2.54 grams per tonne (gpt) Au over two metres in the F1 Zone, 2.74 gpt Au over four metres in the F2 Zone and 0.622 gpt Au over three metres in the EB Zone, to compliment the previously reported 0.919 gpt Au over six metres in the G1 Zone from the 2007 program.

The Phase I 2008 exploration program concentrated on five areas, following up on gold-in-soil anomalies described in news release 08-04 dated February 28, 2008. The program consisted of detailed prospecting of the soil grid, continuous soil channel sampling and bedrock excavator trenching.

The F1 Zone was discovered by following up the grid soil geochemistry. Three excavator trenches and 5 bedrock chip lines were completed over an area of 180 metres by 25 metres. The sampling concentrated on a brecciated and intensely silicified rhyolite dome ranging from 1 to 25 metres in width. Sulphide content ranges from trace to 3%, predominantly pyrite. The centre part of the F1 Zone yielded bedrock gold values in excess of 1 gpt from three east-west sample lines 10 and 20 metres apart. Chip sampling returned 1.23 gpt over one metre, 2.54 gpt over two metres and 1.20 gpt over one metre.

Excavator trenching in the F2 Zone followed up on earlier continuous soil channel sampling that included 19 metres at 2993 ppb Au. Three trenches totalling 92 lineal metres were opened in 2008. Again, silicified and brecciated rhyolite and andesite bedrock was encountered. One trench identified a four metre section with individual one metre samples ranging from 243 ppb Au to 7.86 gpt Au, averaging 2.74 gpt Au, verifying the earlier continuous soil channel trenching results.

Prospecting of mid-level anomalous gold-in-soil values lead to the discovery of the EB Zone at the northern end of anomaly G by following up chalcedonic quartz float. Excavator trenching located a series of epithermal chalcedonic quartz veins, originally described in news release 08- 08 dated June 13, 2008. Twenty-one of the seventy-two continuous one metre bedrock chip samples returned values in excess of 100 ppb Au. One 3-metre interval averaged 0.622 gpt Au.

Two excavator trenches tested the A2 zone, an area of altered andesite. Continuous one metre bedrock chip sampling highlighted a six metre section averaging 0.329 gpt Au, including 0.708 gpt over 1.5 metres. This higher grade section contained thin quartz stringers.

The F1 Zone is roughly 400 metres north of the F2 Zone along linear soil anomaly F. The EB Zone is about 800 metres north of the G1 Zone along linear soil anomaly G. Linear soil anomalies F and G are sub-parallel and lie approximately 600 metres apart.

The success of the 2008 Phase I excavator trenching program in the F1, F2 and EB zones, combined with the earlier success of the 2007 Phase II excavator program in the G1 zone (see news release 08-02 dated January 15, 2008) has generated several high priority low sulphidation epithermal gold targets on the Dora Property. The Company plans to drill test the best zones
later in the fall.

The 2008 Spences Bridge Gold Belt project program was conducted by Steve Butrenchuk, P.Geol., under the supervision of R. Tim Henneberry, P.Geo. Mr. Butrenchuk and Mr. Henneberry are both Qualified Persons as defined in National Instrument 43-101. All assaying was conducted by Eco Tech Laboratories Ltd. in Kamloops, British Columbia. QA/QC protocols, including duplicates and standards, were employed.


On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO

For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422 | Toll Free 1.877.689.7411


R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Phenom (as First Vanadium Corp.) was recognized as a Venture 50 company in 2019.
The Venture 50 logo is a trademark of TSX Inc. and is used under license.