TSX.V: CCC

Appleton Exploration Inc. Begins to Define a Significant Epithermal System at its Dora Property

January 15, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. is beginning to define a significant epithermal system at its Dora Property in its Spences Bridge Gold Belt Project, south of Merritt, B.C. Excavator trenching has defined a 130 metre wide by 200 metre long area of intense hydrothermal alteration within the southern portion of the 700 metre long soil Anomaly “G”. Several zones of bedrock gold mineralization were unearthed within this area.

Assay results are now complete for the 15 trenches in the Anomaly “G” south area, one of the 3 gold-in-soil anomaly trenching targets reported in a November 14, 2007 news release. These 15 trenches followed up on earlier channel soil trenching that returned
continuous sections of 39 metres averaging 178 ppb Au from soil trench 1 and continuous sections of 38 metres averaging 378 ppb Au and 34 metres averaging 83 ppb Au from soil trench 2, as reported in a news release dated September 24, 2007.

All samples consist of 1 metre continuous bedrock chips. Bedrock exposure ranged from 25% to 80% in the 15 trenches (averaging 58%), due to deep overburden. Geologists often interpret sections of deep overburden as corresponding to zones of recessive, altered and possibly mineralized areas. Bedrock consisted of weakly to strongly bleached, oxidized and silicified dacite, with the exception of Trench 07-12, 80 metres to the south of soil channel trench 2.

Results for Trench 07-07 and Trench 07-08 were reported in a December 6, 2007 news release. A six metre continuous interval (open in both directions) in Trench 07-07 averaged 0.919 grams per tonne gold. A four metre interval in Trench 07-08 averaged 0.293 grams per tonne gold.

Trench 07-10 was 67 metres long, lying 10 metres to the south of Soil Trench 2. Only 52% of the trench exposed bedrock. Gold values in the trench ranged from 1 to 578 parts per billion (ppb) Au. A continuous 5 metre interval averaged 337 ppb and a second continuous 4 metre interval (open to the west) averaged 270 ppb Au. Trench 07-08A, the western continuation of Trench 07-08 was 5 metres long. A four metre continuous interval averaged 193 ppb Au. Eighty percent of the trench exposed bedrock.

Trench 07-09 was 27 metres long and lies immediate north of eastern half soil channel trench 1. Bedrock was exposed in 67% of this trench. Gold values ranged from 2 to 379 ppb Au, with a continuous 3 metre interval averaging 243 ppb Au.

Trench 07-09A was 37 metres long and lies immediately north of the western half of soil channel trench 1 and immediately west of Trench 07-09. Only 53% of the trench reached bedrock. Gold values ranged from 1 to 823 ppb Au, with a continuous 5 metre interval (open in both directions) averaging 512 ppb Au.

Gold values in the remaining trenches ranged from 1 to 487 ppb Au. Trench 07-12, 50 metres long, exposed a darker grey green dacite porphyry showing zones of quartz stringers and some silicification. A 1 metre continuous chip assayed 487 ppb Au. The 2007 Dora exploration program was directed 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 by Appleton.

Expenditures for the Company’s Spences Bridge Gold Belt project were partially funded through a private placement by the MineralFields Group, a Toronto-based fund. Information about the MineralFields Group is available at www.mineralfields.com.

Appleton’s management is extremely encouraged with the 2007 trenching program in the Anomaly “G” south area of the Dora property. The assay results for the remaining seven excavator trenches in other soil anomalies are pending. The Company expects to initiate a 1500 metre diamond drill program once all trench assays have been received and compiled as Appleton continues its quest for epithermal gold in the Spences Bridge Gold Belt.

 

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:
MarketSmart Communications:
(604) 261-4466  |   (Toll Free 1-877-261-4466)

 

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.

This website includes certain "forward-looking statements" such as estimates and statements that describe Cornerstone Metal Inc.’s property, future plans, objectives or goals. All statements in this website, other than statements of historical facts, that address future production, resource potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance or developments to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, market prices, environmental conditions, judicial, regulatory and political developments, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions.