20,000ft PHASE 1 DIAMOND DRILL PROGRAM COMMENCES AT THE CHISNA COPPER GOLD PORPHYRY PROJECT
July 21st, 2010, Vancouver, BC - Paul Matysek, Chairman of Ocean Park Ventures Corp. (TSX Venture - OCP) is pleased to announce the start drilling at the Chisna Copper-Gold Porphyry Project located in the Chistochina Mining District of south-central Alaska, 350 km northeast of the city of Anchorage.
20,000 feet of oriented core drilling will test a corridor of porphyry copper-gold mineralization centers within an area of widespread placer gold mining. Airborne ZTEM and ground-based IP geophysical surveys are nearing completion. Together with geological mapping and prospecting work, the geophysical programs will add to the multiple drill-ready targets already identified at Chisna.
The first drill holes will test outcropping copper-gold mineralization associated with elevated bedrock and soil copper and gold anomalies at the Chisna Southeast Porphyry Target (on the Grubstake Prospect), an area previously described as hosting multiple copper-gold porphyry centres.
The Chisna Project - The New Alaskan District-Scale Porphyry Copper-Gold Play
The Chisna Project is a 83,799 hectare district-scale copper-gold exploration play which hosts several copper-gold occurrences returning grades of up to 50.4 g/t gold and 7.1% copper in hand samples. The project encompasses a cluster of porphyry copper-gold centers coincident with Cretaceous intrusions in late Paleozoic host rocks. The Chisna Project occurs within a large porphyry belt which includes the 4.1 billion tonne Pebble Gold-Copper Porphyry Deposit 600 km to the southwest and the 350 million tonne Orange Hill Copper-Molybdenum Porphyry Deposit to the southeast. Results at Chisna to date show the potential for a series of major new porphyry copper-gold discoveries.
The Chisna Project is a Joint Venture between Ocean Park's wholly owned subsidiary Ocean Park Alaska Corp. and International Tower Hill Mines Ltd.'s ("ITH")(TSXV: ITH, NYSE-A: THM, Frankfurt: IW9) wholly owned subsidiary Raven Gold Alaska Inc. The 2010 exploration budget of the Joint Venture is in excess of US$6M.
The Company also announces that it has received the resignation of Donald Gee as the President, CEO and a Director of Ocean Park. Mr. Gee will continue to act in an advisory capacity moving forward.
Mr. Chris Taylor, M.Sc. P.Geo, is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of this news release.
For further information please contact Mr. Paul Matysek Chairman, or Mr. Chris Taylor, P.Geo., Senior Geologist at 604-681-0084.
ON BEHALF OF THE BOARD
"Paul Matysek"
Paul Matysek
Chairman
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