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Sunvest Minerals Corp.
Summary
| Project: | Clone | |
|---|---|---|
| Deposit: | Clone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-9-2018: Sunvest Minerals Corp. announces an Exploration/Drilling Update report for its Clone deposit at the Clone project. Old drillholes new assay results incl. 3m @ 26.6g/t Au from 38m. Vancouver, British Columbia – September 26 th , 2018 – Sunvest M | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ed Kruchkowski (Independent) | |
| ABSTRACT: | Vancouver, British Columbia – September 26 th , 2018 – Sunvest Minerals Corp. (TSX-V: SSS) (US:SRKZF)("Sunvest Minerals" or the “Company”) announces it has completed the summer field program at its Clone Gold Property (the “Property”) located in BC’s prolific Golden Triangle. Phase I exploration work, under the guidance of Ridgeline Exploration Services Inc., of Kelowna, B.C. (“Ridgeline”), was aimed at generating drill targets in new glacially ablated zones surrounding the Clone and adjacent showings where re-sampling of historic drill core by Sunvest returned assays as high as 30.3g/t Au over 4m, from 16m to 20m, in hole CL95-11. Other significant intersections which were re-sampled by Sunvest include: 2.1m of 32g/t Au from 12.9m to 15m in hole CL95-04 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 program also aimed to identify new exploration targets over a recently acquired land package to the south which shares an extended border with Goliath Resources (TSX-V: GOT) Gold Digger property. The program consisted of geochemical rock, silt and soil sampling as well as detailed geological mapping. A total of 388 soil, 61 silt and 106 rock samples were collected from the property. Two significant new mineralized veins were discovered on the property. A 1.25-meter-wide quartz vein containing semi-massive chalcopyrite, pyrite and bornite which can be traced on surface for approximately 50m was discovered 7.5 kilometers southwest of the Clone showing along the newly exposed Eastern face of a glacial valley. The second vein discovered is 1 meter in width containing massive sulfide mineralization freshly exposed by recent glacial ablation. This occurrence is located just 1800 meters from the Clone deposit. Analytical results for the soils, silts and rock samples are pending. | |
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