Val-d'Or, July 5th, 2012, CORPORATION EXPLORATION ILEDOR (<< ILEDOR >> OR THE << COMPANY >>) (TSX.V : ILE) ) is pleased to announce analytical results from its fourth drill hole on its wholly owned ILEDOR property, located on Tiblemont Island south of Senneterre, in northwestern Quebec approximately 40 km northeast of Val-d'Or.
Drill hole TIB-04-12 is located approximately 80m north of boreholes TIB-01-12 and TIB-02-12, on the same location as TIB-03-12, in proximity of the old Consolidated Tiblemont shaft. It is drilled at an azimuth of 90? and a plunge of -60?. The hole is drilled at NQ core size to a depth of 452,7m. The best intercepts are presented in table 1.
Table 1 : TIB-04-12
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|ILEDOR |
|---------------------------------------|
| |From |To |Length|Au (g/t)|
|---------------------------------------|
|TIB-04-12|40.25 |41.00 |0.75 |1.42 |
|---------------------------------------|
|TIB-04-12|67.75 |68.50 |0.75 |1.94 |
|---------------------------------------|
|TIB-04-12|83.25 |84.00 |0.75 |7.59 |
|---------------------------------------|
|Incl. |83.25 |83.65 |0.40 |9.70 |
|---------------------------------------|
| |83.65 |84.00 |0.35 |5.18 |
|---------------------------------------|
|TIB-04-12|94.00 |95.50 |1.50 |1.83 |
|---------------------------------------|
|Incl. |94.00 |94.50 |0.50 |2.30 |
|---------------------------------------|
| |94.50 |95.00 |0.50 |2.25 |
|---------------------------------------|
| |95.00 |95.50 |0.50 |0.95 |
|---------------------------------------|
|TIB-04-12|107.00|107.75|0.75 |1.39 |
|---------------------------------------|
|TIB-04-12|120.00|120.50|0.50 |7.54 |
|---------------------------------------|
|TIB-04-12|124.00|127.50|3.50 |1.81 |
|---------------------------------------|
|Incl. |124.00|124.50|0.50 |1.82 |
|---------------------------------------|
| |124.50|125.00|0.50 |0.02 |
|---------------------------------------|
| |125.00|125.50|0.50 |1.06 |
|---------------------------------------|
| |125.50|126.00|0.50 |0.33 |
|---------------------------------------|
| |126.00|126.50|0.50 |4.42 |
|---------------------------------------|
| |126.50|127.00|0.50 |0.45 |
|---------------------------------------|
| |127.00|127.50|0.50 |4.56 |
|---------------------------------------|
|TIB-04-12|152.00|152.50|0.50 |2.46 |
|---------------------------------------|
|TIB-04-12|226.50|227.00|0.50 |3.69 |
|---------------------------------------|
|TIB-04-12|378.00|379.00|1.00 |1.18 |
|---------------------------------------|
|Incl. |378.00|378.50|0.50 |1.20 |
|---------------------------------------|
| |378.50|379.00|0.50 |1.15 |
|---------------------------------------|
|TIB-04-12|409.00|409.75|0.75 |1.00 |
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As seen in table 1, several gold bearing zones have been intercepted. These are generally made of altered granodiorite with quarts-albite-carbonate veinlets, sometimes gray due to the presence of tourmaline, with anastomosed veinlets of sericite. The two deepest intersections are within andesite, indicating that mineralisation is not limited to granodiorite. Approximately 2% of sulfides are observed. Pyrite as the main sulfide is found in aggregates of fine crystals or in larger cubes. Visible gold is noted. Metallic sieve assays are pending. The best intercept is observed from 124.0 a 127.5m with 1,81 g/t Au over 3,5 m. More assays are pending to allow an interpretation of the zones. True width of the veins is unknown at this time.
Core logging and sampling is done by D.L. geo-services from Val-d'Or. Analyses are performed by AGAT laboratories in Mississauga by ICP-OES. High grade samples are retested using the gravity method. On top of quality controls done by the laboratory, double, blanks and standards are added by D.L. geo-services.
Quality Assurance / Quality Control
ILEDOR maintains a rigorous quality control program involving the use of repeat assays, inserted blanks and the use of certified standards provided by an accredited Canadian laboratory.
All technical information included in this press release has been reviewed and approved by Daniel Lapointe M. Sc., geologist, qualified person as defined by National Instrument 43-101. Mr. Lapointe has over 20 years' experience in production and exploration of gold deposits. He is independent of the Corporation or all related companies.
For further information, please contact Mr. Mario Bisson, President and Chief Executive Officer, at (819) 874-2115 or visit our website: www.explorationiledor.com.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statement.
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