TORONTO, ONTARIO -- (Marketwire) -- 01/10/13 -- Canadian Orebodies Inc. (TSX VENTURE: CO) ("the Company") is pleased to announce the final set of assay results from the 2012 drill program at the Haig Inlet Iron Project ("Haig Inlet"), located on the Belcher Islands in Nunavut, Canada.
"We are very pleased with the progress made during 2012 - a year in which we established three new areas of iron mineralization and added over 145 square kilometers of land for future exploration," said Gordon McKinnon, President & CEO of Canadian Orebodies. "During this past year's exploration program we outlined iron mineralization at Haig West over a 25km strike length, at Kihl Bay over 10km, and at Haig North over 8km. This program reaffirmed management's belief about the vast potential of the Belcher Islands, and we still have a number of highly prospective areas that have never been drill tested."
--------------------------------------------------------------------------------------------------------------------------------------------------------Hole ID From (m) To (m) Interval (m) Total Fe (%) Target Area--------------------------------------------------------------------------------------------------------------------------------------------------------CO-12-10 249.00 275.00 26.00 28.86 Haig West----------------------------------------------------------------------------CO-12-13 39.60 51.30 11.70 28.22 Haig West----------------------------------------------------------------------------CO-12-17A 58.70 149.10 90.40 25.06 Haig West incl. 62.70 72.30 9.60 32.54 and 185.75 254.00 68.25 25.85----------------------------------------------------------------------------CO-12-18A 49.30 140.30 91.00 24.34 Haig West and 201.00 251.00 50.00 25.58----------------------------------------------------------------------------CO-12-20 164.30 228.45 64.15 23.84 Haig West and 271.95 326.00 54.05 25.86----------------------------------------------------------------------------CO-12-21 219.60 260.75 41.15 26.03 Haig West and 278.15 290.15 12.00 23.34 and 322.70 392.00 69.30 26.45----------------------------------------------------------------------------CO-12-33 40.70 119.10 78.40 26.31 Haig West incl. 47.05 60.60 13.55 32.84 and 161.00 203.00 42.00 29.41 incl. 165.90 183.00 17.10 33.39----------------------------------------------------------------------------CO-12-35 132.00 172.65 40.65 26.00 Haig West and 189.70 201.95 12.25 24.24 and 234.00 296.00 62.00 26.18--------------------------------------------------------------------------------------------------------------------------------------------------------
