February 8, 2018 (Source) — Sunvest Minerals Corp. (TSX-V: SSS) (“Sunvest Minerals” or the “Company”) is pleased to report that it has received additional assay results from sampling of historic drill core from its Clone project located near Stewart in the Golden Triangle region of northwestern British Columbia.
Drill core from 1995 were re-sampling by quartering the core with a rock saw. In total 47 samples were submitted to ACT Labs along with 8 control (QA/QC) samples to validate the previous assays and improve the understanding of the Clone mineralization. Results of this program confirmed three distinct mineralized zones in holes CL95-4 and CL95-11, assisting in future drill planning of multiple zones for resource definition drilling.
Much of the early drilling on Clone (circa 1990’s) assayed only for precious and base metals. The recent resampling program was analyzed for 39 elements and is being reviewed for distinct specific metal associations that can be applied to the numerous exploration targets on the Clone property, and to zonations within the “H” and “S” zones.
Assays received have a high correlation with the historically reported results increasing the confidence in the accuracy and validity of the historic data base.
Assays received include the following intervals:
- 2.1m of 32g/t Au from 12.9m to 15m in hole CL95-04
- 4m of 30.3 g/t Au from 16m to 20m in hole CL95-11
- 2.48m of 21.7 g/t Au from 27 to 29.48m in hole CL95-11
- 3m of 26.6 g/t Au from 38m to 41m in hole CL95-11
The bulk of the core is stored on the property and is not be accessible during the winter.
Results from previous work programs continue to be compiled and the expanding data base is in the process of being digitized and interpreted.
The Company is currently investigating helicopter airborne geophysical applications that can be flown in the 1st quarter to assist with planning for the exploration targets and drill hole locations for the summer 2018 program.
“We are excited to have confirmed the validity and reliability of the previous assays done on the Clone property and are preparing for a summer drill program in 2018.” stated Mike England, CEO of the Company.
Ed Kruchkowski, P.Geo, a qualified person under National Instrument 43-101, is the independent qualified person responsible for reviewing and approving the technical contents of this press release as they pertain to the Clone property.
Neither the 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.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
