October 14, 2009 (FinancialWire) — Fjordland Exploration Inc. (TSX Venture: FEX) has been informed by Serengeti Resources Inc. (TSX Venture: SIR), its joint venture partner in the QUEST project, that drilling will commence this week on their 13,900-hecare Mil property, one of eleven priority properties comprising the QUEST joint venture.

The Mil gold-copper target is located 15 kilometres southwest of Terrane Metals’ Mt. Milligan copper-gold property, which is currently progressing towards development. The area of the proposed drilling is located approximately 2 kilometres west of the “North Road” that extends from Fort St. James in the south to Germansen Landing to the north.

A large residual aeromagnetic anomaly measuring ten by five kilometres in diameter has been outlined through previous government surveys. Within this area, the QUEST joint venture has outlined attractive induced polarization chargeability and resistivity anomalies over an area measuring one and a half by one kilometre, coincident with a previously identified glacial till gold anomaly (up to 2300 ppb). The IP anomaly flanks a prominent magnetic high and is interpreted to lie 75 to 100 metres below the surface, beneath the depth of previous IP surveys. Previous very shallow drilling in the vicinity of the current target encountered minor copper mineralization in strongly propylitized volcanic rocks, but did not test the IP anomalies at depth.

A second new target, located six kilometres to the northwest of the area described above and identified in the course of the exploration program earlier this summer, will also be drill tested.

Serengeti, as operator, will fund the 2009 drilling program that will consist of three holes totalling 750 metres and as a result is forecast to increase its ownership in the joint venture to approximately 58%. Fjordland maintains the right to participate in any future work.

Elsewhere, the QUEST joint venture has also identified a strong induced polarization anomaly on the 4,800-hectare Rob property, located 15 kilometres east of the Mt. Milligan deposit.

The Mt. Milligan project, where Goldcorp Inc. owns a 59% equity interest in Terrane Metals on a fully diluted basis, has proven and probable mining reserves estimated at 333 million tons grading 0.217% copper and 0.428 g/t gold (approximately 1.6 billion pounds of contained copper and 4.6 million ounces of contained gold). Terrane recently received a Provincial Mines Act Permit which, along with other approvals currently under review, allows it to proceed with the project.

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