Sunvest Expands Clone Property, Stakes 3,900 Hectares
May 16, 2018 (Source) — Sunvest Minerals Corp. (TSX-V: SSS)(US:SRKZF )(“Sunvest Minerals” or the “Company”) reports it has significantly expanded it’s tenure position on the Clone property, with the staking of 3,900 hectares (ha), representing an increase of 57%, that now totals 10,688 ha. Claims were strategically acquired to strengthen positions around several previously held Minfile prospects and showings acquired in October 2017, and to cover possible extensions of mineralized showings from neighboring company’s properties. Highlights include the following targets:
- Claims were staked to cover the northern extension of the “NE Gossan’ occurrence, identified by Goliath Resources Ltd. (“Goliath”), on the northeast portion of their “Golddigger Property”. Goliath has reported that a sample on the NE Zone in 2017 has returned 2.20 gram gold per tonne (g/t), 34.5 g/t silver (Ag), and 0.54 percentage (%) lead (Pb). & 34.5 gpt Ag (Goliath website-Photos).
- The Clone property covered the Glory (Minfile) showing where a grab sample from a quartz vein assayed 1.15 per cent copper, 24.2 g/t Ag and s 0.38 g/t Au (Assessment Report # 24745). Additional claims were staked west of the Glory showing, connecting to the Gamechanger Property owned by Auramex Resources Corp. The contiguous border is now 900 meters east of the “N” Showing (Minfile) on the Auramex’s property.
- Claims were staked east of Goliath’s NW Gossan target (also part of the Golddigger property). The new contiguous border is approximately 1.0 kilometer east of Goliath’s NW Gossan target.
“These additional claims solidify and ensure on-trend projections of mineralized zones on the current Clone property and on targets reported on neighbouring properties. Assessment files and other company’s public data are being assessed, directed at field investigations in the summer, along with a substantial drill program on the principal targets on the Clone Property” stated Mike England, CEO of the Company.
Ed Kruchkowski, P.Geo, a qualified person under 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 Clone property.
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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