VANCOUVER, June 9, 2016 /CNW/ - Armor Minerals Inc.
(TSX-V: A) ("Armor" or the "Company") is pleased to announce the
results of six shallow diamond drill holes targeting high grade
gold in outcrop at the Warmister Project located in Buckingham, Virginia. The Company is exploring
for Haile-style gold mineralization in altered volcanics and
sediments in Central Virginia,
pursuant to a joint venture earn-in agreement with Jack's Fork
Exploration, Inc. (a privately owned Company).
The drilling program was composed of six shallow diamond drill
holes targeting high grade gold in surface rock chip samples and
coincident gold-in-soil anomalies covering a 300 meter long trend
of anomalous gold values. All of the drill holes, with the
exception of WAR16-003 were successful by intersecting gold
mineralization related to late stage quartz veining over narrow
thicknesses, including 24.3 g/t gold over 2.6 meters (drill
thickness) in WAR16-006 and 15.6 g/t gold over 4.1 meters
(drill thickness) in WAR16-005.
Additionally, WAR16-006 intersected a wider zone 27.43 m (drill
thickness) of 0.4 g/t gold associated with highly altered and
silicified felsic volcanics.
Drill holes WAR16-001, 002 and 003 were collared very close to
the surface sample locations and had poor core recovery through the
anticipated mineralized horizons.
Table 1
DHID
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Au
g/t
|
Ag
g/t
|
WAR16-001
|
39.93
|
41.15
|
1.22
|
0.27
|
0.10
|
WAR16-002
|
21.34
|
22.86
|
1.52
|
0.55
|
0.15
|
WAR16-002
|
110.03
|
111.25
|
1.22
|
0.40
|
0.10
|
WAR16-003
|
3.05
|
4.57
|
1.52
|
0.18
|
0.10
|
WAR16-004
|
17.50
|
19.80
|
2.30
|
0.65
|
0.50
|
WAR16-005
|
22.00
|
26.10
|
4.10
|
15.57
|
4.67
|
WAR16-006
|
0.00
|
3.05
|
3.05
|
0.23
|
0.10
|
WAR16-006
|
45.40
|
48.50
|
3.10
|
11.69
|
5.68
|
Including
|
22.00
|
24.59
|
2.59
|
24.28
|
7.21
|
WAR16-006
|
68.58
|
96.01
|
27.43
|
0.40
|
0.31
|
* All drill depths
and assay intervals are drill hole depths and thicknesses
and do not represent true widths.
|
Follow-up exploration will focus on testing expansions of the
siliceous zones and altered volcanics through additional soil
sampling and additional drilling.
Qualified Person
The results of the Armor drilling results have been reviewed,
verified and compiled by Donald R.
Taylor, MSc., PG, a qualified person as defined by National
Instrument 43-101 (NI 43-101). Mr. Taylor has more than 25 years of
mineral exploration and mining experience, and is a Registered
Professional Geologist through the SME (registered member
#4029597).
Assays and Quality Assurance/Quality Control
To ensure reliable sample results, the Company has a rigorous
QA/QC program in place; it includes the insertion of blanks and/or
certified reference standards at statistical derived interval for
each batch of samples. Core is photographed and split in half with
one-half retained in a secured facility for verification purposes.
Sample preparation (crushing and pulverizing) has been performed at
ALS Minerals Laboratories, an ISO/IEC accredited lab located in
Reno, Nevada. ALS Minerals
Laboratories prepares a pulp of all samples and sends the pulps to
their analytical laboratory in Vancouver,
B.C. Canada for analysis.
ALS analyzes each sample by 30 gm fire assay with an AAS finish
(Au-AA23) and by ICP following a 4-acid digestion (ME-ICP61 for 33
elements) + Hg by ICPMS (HG-MS42). Any Gold values over 10 gm
triggers an automatic 30 gm fire assay with gravimetric finish
(Au-GRA21).
About Armor
Armor is a Canadian company engaged in the acquisition and
exploration of mineral property interests. On October 28, 2015, the Company signed a definitive
Earn-in Agreement with Jack's Fork Exploration, Inc. ("Jack's Fork)
to acquire up to an 80% joint venture interest in the Warmister and
Tower Hill gold properties located
in Virginia, USA. Jack's Fork is
currently the holder of certain mineral leases covering the
Properties. Armor Minerals Inc. trades on the TSX Venture Exchange
under the symbol "A".
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward Looking Statements
Certain information in this news release, including any
information relating to the statements regarding future
expectations, beliefs, goals or prospects, constitute
forward-looking information within the meaning of applicable
securities legislation (collectively, "forward-looking
statements"). All statements in this news release that are not
statements of historical fact (including statements containing the
words "expects", "plans", "anticipates", "believes", "intends",
"estimates", "potential" and similar expressions) should be
considered forward-looking statements. All such forward-looking
statements are subject to important risk factors and uncertainties,
many of which are beyond Armor's ability to control or predict. A
number of important factors could cause actual results or events to
differ materially from those indicated or implied by such
forward-looking statements, including without limitation risks
related to exploration; uncertainties related to financings; the
uncertainties of interpreting exploration results and the other
risks associated with being a mineral exploration company.
Armor disclaims any intention and assumes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by applicable law. Additional information identifying
risks and uncertainties is contained in Armor's most recent annual
and quarterly financial reports which are available online at
www.sedar.com. Forward-looking statements are provided for the
purpose of providing information about the current expectations,
beliefs and plans of the management of Armor relating to the
future. Readers are cautioned that such statements may not be
appropriate for other purposes. Readers are also cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date of this communication.
SOURCE Armor Minerals Inc