Cloudbreak Acquires Yukon Property Adjoining Underworld's White Gold Project
* Reuters is not responsible for the content in this press release.
VANCOUVER, BRITISH COLUMBIA, Jun 16 (MARKET WIRE) --
Cloudbreak Resources Ltd. (TSX VENTURE: CDB)(PINK SHEETS:
CUDBF)(FRANKFURT: C6K) (the "Company") announces it has acquired lode
Quartz mineral claims in the Yukon, located adjacent to the White Gold
Property held by Underworld Resources. The Cloudbreak Claims are located
directly to the east of the Underworld Resources Inc., Cathy 146 and
Cathy 144 Quartz mineral claims and approximately 4 km from Underworlds
recently announced (May 26, 2009) discovery of 103 meters of 3.4 g/t Au.
The property is attached to Alix Resources property which was announced
Thursday June 11, 2009. Underworld is exploring sediment and vein-hosted
gold targets at the 169 sq km (845 claim) White Gold property.
Cloudbreak's approximate 500 hectare and Alix's property has now been
completely surrounded by Underworld staking. GSC mapping by Gordey and
Ryan, indicates that the Cloudbreak claims appear to be underlain by
similar metasedimentary stratigraphy as the Underworld White Gold
property.
Cloudbreak will pay the vendor Blair Naughty, $75,000. cash, 1,250,000
shares of Cloudbreak plus a 3% NSR with an option to buy back 1% of the
NSR for $1,000,000. The Company also agrees to spend $250,000 over the
next 12 months as a work commitment. This transaction is subject to TSX
Venture approval.
This news release has been prepared on behalf of the Cloudbreak Resources
Board of Directors, which accepts full responsibility for its contents.
The contents of this release have been reviewed and approved by Marvin A.
Mitchell, P.Eng, a qualified person as defined by National Instrument
43-101.
ON BEHALF OF THE BOARD
Richard Macey, President & Director
"Neither 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 release."
Contacts:
Cloudbreak Resources Ltd.
Rich Macey
(604) 669-0401
Cloudbreak Resources Ltd.
Craig Naughty
(604) 669-0401
(604) 669-0414 (FAX)
www.cloudbreakresources.com
Copyright 2009, Market Wire, All rights reserved.
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