Beatrix Ventures Ltd.: Diamond Drilling To Test For Extension of High Grade Gold in Zone 12
June 03 2010 - 3:09PM
Marketwired Canada
Beatrix Ventures Ltd. (CNSX:BXV) ("Beatrix") along with its Joint Venture
Partner SLAM Exploration Ltd. (TSX VENTURE:SXL) ("SLAM") announce that drilling
is in progress on hole OG10-01 on the Opikeigen Gold Joint Venture held in 50/50
joint ownership between Beatrix and SLAM.
Hole OG10-01 is expected to intersect Zone 12 approximately 12.5 metres west of
a high grade intercept in hole OL87-46 at a depth of approximately 150 m. Hole
46, previously drilled in 1987, intersected an interval grading 6.22 g/t gold
over 7.00 m at a depth of 141 m. This interval included high grade sections of
113.57 g/t gold over 0.1 m and 49.66 g/t gold over 0.2 m reported to contain
visible gold. These intervals are drilled core lengths. The true widths are
unknown. The results pre-date NI 43-101 regulations and can only be verified by
additional drilling.
Beatrix and SLAM expect to complete approximately 1,000 metres of diamond
drilling at Opikeigen with 6 holes planned to test for potential extensions of
Zone 12 at depth and along strike. Zone 12 is a shear related gold deposit
associated with quartz-carbonate alteration and veining in mafic volcanic, iron
formation and gabbro host rocks. Beatrix recently filed a 43-101 Technical
Report on the 4,144 hectare, 38 claim Opikeigen Gold Property.
This project is located in the Fort Hope area east of the historic Pickle Lake
gold camp where PC Gold Inc. recently announced successful drilling results
(press release 23 March 2010). The Fort Hope and Pickle Crow areas are underlain
by Uchi Subprovince rocks similar to the world-famous Red Lake gold mining camp.
This project lies within EFN traditional territories. SLAM and EFN recently
signed an Exploration Agreement whereby SLAM and EFN will work cooperatively to
advance their gold potential.
Michael R. Taylor, P.Geo. President and CEO of SLAM and Director of Beatrix is
the Qualified Person responsible for the technical information contained herein.
About Beatrix: Beatrix is a mineral resource company based in Vancouver, British
Columbia recently formed to focus on gold projects. Beatrix owns 50% of the
Opikeigen Gold Joint Venture. Additional information about Beatrix and its
projects is available at www.beatrixventures.com or from SEDAR filings at
www.sedar.com.
About SLAM: SLAM is a mineral resource company based in Miramichi, New Brunswick
and continues to be active in gold, silver and base metal exploration in Ontario
and New Brunswick. Additional information about SLAM and its projects is
available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. All statements in this release, other than
statements of historical facts, that address future production, reserve
potential, exploration and development activities and events or developments
that the Company expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those
in the forward-looking statements. Factors that could cause actual results to
differ materially from those in forward-looking statements include market
prices, exploration and development successes, continued availability of capital
and financing, and general economic, market or business conditions. Please see
our public filings at www.sedar.com.
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