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Sunvest Minerals Corp.
Summary
| Project: | Mckinnon-Hawkins | |
|---|---|---|
| Deposit: | Taylor Extension | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2017: Sunvest Minerals Corp. announces an Exploration/Drilling Update report for its Taylor Extension deposit at the Mckinnon-Hawkins project. Drilling results incl. 23.0m @ 1.38g/t Au from 63.0m. Sunvest Minerals Corp. (TSX-V: SSS) ("Sunvest Minerals | |
| Resources: | (Resource, Inf.): 4.957Mt @ 1.50g/t Au for 239100oz Au contained at McKinnon-Hawkins | |
| CP/QP: | [Overall Report]: Garry Clark (Independent) | |
| ABSTRACT: | Sunvest Minerals Corp. (TSX-V: SSS) ("Sunvest Minerals" or the “Company”) is pleased to announce an update on results from the winter diamond drill program (13 holes 1624 metres, PR April 11, 2017) on the Mckinnon-Hawkins gold projects located in Hawkins and Walls townships, Ontario. The new zone, The Taylor Extension, is open along strike and at depth indicating a broad new mineralized environment parallel and approximately 100 metres north of the Main Zone. The Main Zone is a continuous mineralized trend and if the Taylor Extension zone is similar it could add significantly to the resource potential of the project. The Taylor Extension Zone has now been intersected over a 300 meter strike length (from Section 715,750 north to Section 716,050 East), trending approximately east-west, located in the Hanging Wall (north of), of the Main Zone. The McKinnon-Hawkins project Main Zone has a National Instrument 43-101 resource estimate of 239,100 ounces of gold (4,957,000 tonnes at 1.50 grams per tonne gold (g/t Au), at a cut-off grade of 0.5 g/t Au). Company CEO Mike England commented, "With a wider (23.0 meter) and higher grade interval, the new Taylor Extension zone is a significant development for the Mckinnon-Hawkins project. Assays are still pending and further drilling, prospecting and trenching will be directed at defining this new target immediately." | |
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