Driven Advances Lyn: More Claims, Soil Sampling, Drilling
28 9월 2011 - 8:00PM
Marketwired
Driven Capital Corp. (TSX VENTURE: DVV) ("Driven" or the "Company")
is pleased to provide an update on current and planned exploration
activities at its 100% optioned Lyn Silver Project in the Yukon.
"We have expanded our land package, completed shallow Winkie
drilling and carried out soil sampling," said Toma Sojonky,
Driven's CEO. "We're now waiting for results and setting our sights
on Lyn's next phase of exploration, which will include conventional
drilling at depth and along strike."
The shallow Winkie drilling program was successful in
penetrating visible mineralization in the downdip direction
directly beneath veins that were mapped and sampled at surface.
With this objective being met and due to performance and core
recovery challenges being encountered with the Winkie drill, the
program was suspended after five holes in favour of more cost
effective conventional drill methods to be utilized in the next
phase.
A field crew has completed a geochemical soil sampling program,
consisting of 433 samples, across areas adjacent to known
high-grade silver mineralization, with the objective of expanding
the target areas for the planned Phase II drilling program
referenced below.
The Company is awaiting the analytical results for a total of
557 outstanding grab, chip, channel, core and soil samples
submitted to ALS Canada Ltd.'s North Vancouver lab. Results will be
published as they become available.
Driven also reports that it has staked 30 additional claims
covering what is believed to be a continuation of host sediments
under glacial cover. The new staking expands the project to 260
contiguous quartz claims named LYN 1 through LYN 260 inclusive, now
having an area of approximately 5,435 hectares.
A Phase II, conventional core drilling program of up to 2,000
metres is currently planned during 2012. Driven is in the process
of finalizing an application for a Yukon Class 3 Permit, which
would allow for the Phase II drilling campaign. The Company intends
to tender a drilling contractor this autumn.
Geologist U. Peter Kurisoo, a Director of the Company, is the
Qualified Person under National Instrument 43-101 responsible for
the technical information in this news release.
Driven is a publicly traded exploration company focused on the
discovery of high-value precious metals deposits in North America.
Please visit our web site at www.DrivenCapital.ca.
On Behalf of the Board of Directors of Driven Capital Corp.,
Toma Sojonky, President & CEO
Cautionary Statement Regarding Forward-Looking Information: All
statements, trend analysis and other information contained in this
press release relative to markets about anticipated future events
or results constitute forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect" and "intend" and statements that an event or result "may",
"will", "should", "could" or "might" occur or be achieved and other
similar expressions. Forward-looking statements are subject to
business and economic risks and uncertainties and other factors
that could cause actual results of operations to differ materially
from those contained in the forward-looking statements.
Forward-looking statements are based on estimates and opinions of
management at the date the statements are made. The Company does
not undertake any obligation to update forward-looking statements
even if circumstances or management's estimates or opinions should
change. Investors should not place undue reliance on
forward-looking statements.
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.
Contacts: Driven Capital Corp. Toma Sojonky President & CEO
at (604) 569-0799 www.DrivenCapital.ca
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