Sunvest Minerals Corp. Discovers New Zone of Mineralization on the Evening Star Property, Nevada
January 16 2018 - 8:00AM
InvestorsHub NewsWire
Sunvest Minerals Corp. Discovers New
Zone of Mineralization with Chip sample OVER 0.15 meters of 25.9
g/t Au, 102 g/t Ag, and 1.01% Cu on the Evening Star Property,
Nevada
Vancouver, British Columbia -- January 16, 2018
-- InvestorsHub NewsWire -- Sunvest Minerals Corp. (TSX-V: SSS)
("Sunvest Minerals" or the
“Company”) is pleased to report a new surface discovery on
the Evening Star Property, located 16 kilometers southeast of
Hawthorne, Nevada.
- Recent assay results indicate a significant zone
of gold silver and copper mineralization discovered through
sampling of old workings known as the “Golden Bomber” and “Golden
Eagle” prospects. The new mineralized target area is designated as
“Golden Highlands (GH) Zone”.
- Gold values up to 25.9 grams per tone (g/t Au),
silver values up to 318.0 g/t Ag, copper peaks of 6.14% Cu were
returned from surface samples over an area of approximately 300 x
200 meters (see table below). A total of 10 rock samples were taken
from these new locations:
Sample
# |
Type
* |
Width
(m) |
Au
g/t |
Ag
g/t |
Cu
ppm |
Pb
ppm |
Zn
ppm |
MJM-01 |
Chip |
0.15 |
25.90 |
102.0 |
10,100 |
4,920 |
157 |
MJM-02 |
Chip |
0.20 |
0.47 |
46.5 |
3,710 |
3,800 |
222 |
MJM-08 |
Grab |
|
1.32 |
6.7 |
3,120 |
1,335 |
48 |
MJM-09 |
Grab |
|
14.25 |
143.0 |
7,750 |
5,200 |
246 |
MJM-10 |
Grab |
|
13.90 |
318.0 |
14,900 |
1,360 |
118 |
MJM-11 |
Chip |
0.30 |
1.86 |
1.3 |
189 |
160 |
270 |
MJM-19 |
Grab |
|
1.39 |
244 |
61,400 |
180 |
4,640 |
CS-08 |
Chip |
0.15 |
9.23 |
7.1 |
2,060 |
349 |
61 |
2802 |
Chip |
0.50 |
0.03 |
2.3 |
4,120 |
67 |
2,420 |
2803 |
Chip |
1.00 |
0.02 |
7.2 |
171 |
9 |
4.060 |
* Grab samples are selective
samples and are not necessarily representative of the
mineralization hosted on the property. Chip samples are multiple
rock chips taken over a specific interval. Samples plus
1.00 Au g/t, 100 g/t or 1.00% copper are in
bold.
- The new zone of mineralization is hosted in
granodiorite, associated with limonitic fractures and shears, druzy
and vuggy quartz-calcite veining, and weak to moderate copper
staining. The historic works comprise old shafts, prospect pits and
trenches
- The Golden Highlands area is approximately 1.2
kilometers west-north-west of the Gold Bug zone, the principal
target on the Evening Star property, with follow-up drilling
planned for the first quarter of 2018 (Press Release July 25, 2017,
drill hole ES 17-02 intercepting 5.3m of 0.84 grams per tonne gold
(g/t Au), 105.3 g/t Ag, and 5.09 % Cu).
- To the best of the Company’s knowledge there has
been no drilling on the Gold Highlands targets. Crews will be
returning to the site shortly to conduct additional surface
exploration on the GH targets and prior to drilling commencing on
the Gold Bug Zone.
“Sunvest is delighted to have discovered a new
zone of mineralization, with excellent gold and silver values,
which can quickly be advanced to the drill stage”, reports Mike
England, President of the Company. “Sunvest’s Evening Star property
represents a strategic, significant land position in the very
active Pamlico mining district. Our current exploration activities
are focused to test multiple targets with a drill program on the
Evening Star property planned for early 2018. The Evening Star
property has excellent logistics and can readily be worked
year-round.”
All samples from the surface program were sent
to the laboratory, ALS USA Inc, Reno, Nevada, a facility accredited
by ISO/IEC 17025 (Lab 790) of the Standards Council of Canada. All
samples were collected by company personnel and securely stored
until delivery to ALS. This limited sampling program relies on the
certified standards utilized by ALS as part of it analysis
protocols. No quality assurance/quality control anomalies were
noted in the analyses.
The Company also wishes to announce it has
determined to not proceed with the acquisition of the Parrot Lake
property (see PR dated December 14th,
2017).
Garry Clark, P.Geo, a qualified person as
defined by 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 Evening Star
property.
Contact Information:
Mike England
CEO
604-683-3995
mike@engcom.ca
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).
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