Driven identifies Drill Targets at Blackwater East
10 9월 2012 - 9:39AM
PR Newswire (Canada)
TSX Venture Exchange: DVV Frankfurt Stock Exchange: DV1 VANCOUVER,
Sept. 13, 2012 /CNW/ - Driven Capital Corp. ("Driven" or the
"Company") is pleased to announce preliminary results from the
geophysical program conducted this summer on its 100% optioned
Blackwater East project in the Nechako Plateau region of central
British Columbia. Thirty line kilometres of ground
induced-polarization (IP) and magnetic surveying was completed over
the southeastern portion of the property. This area had been
identified as prospective from previously completed soil
geochemical surveying and prospecting which was integrated with
public domain regional geological mapping and airborne
magnetics. Several well-defined IP anomalies trend northerly
and northwesterly and occur adjacent to a major regional lineament
believed to be a fault structure. The main north-south
anomaly, which has been traced for over 1,800 metres, appears to be
located near the western boundary of a felsic volcanic sequence
which shows variable sericitic alteration along with local zones of
phyllic (quartz-sericite-pyrite) alteration. Additionally,
this area is underlain by a deep magnetic feature approximately 2
kilometres in diameter, which may represent a buried
intrusive. Such an intrusive could represent the source of
the alteration fluids and anomalous zinc, lead, silver, gold and
copper values identified by the Company's soil sampling in 2011.
The coincidence of anomalous metals in soils, major fault
structures, felsic volcanic host rocks, IP chargeability zones
possibly indicative of sulphides, and low resistivity zones
possibly indicative of clay alteration all located adjacent to an
interpreted intrusive body are considered indications of the
possible occurrence of intrusive-related gold and/or base metal
mineralization. Driven intends to test these areas with a
first-phase drill program, the permit for which has been awarded by
the BC Ministry of Mines (see Company news release August 9, 2012).
"Driven is actively evaluating alternatives in an effort to
commence drilling at Blackwater East as soon as practicable,"
stated Toma Sojonky, CEO. The property is adjacent to the
eastern/southeastern boundaries of New Gold Inc.'s Blackwater gold
project, which hosts currently defined indicated resources of 7.1
million ounces of gold, and additional inferred resources of 2.5
million ounces of gold; refer to New Gold Inc.'s news release dated
July 18, 2012 for more details. Lindsay Bottomer, P.Geo., a
Director of the Company, is the Qualified Person as defined under
National Instrument 43-101, who has reviewed the technical
information in this news release. Driven Capital Corp. is deploying
its accomplished technical and management team toward the
exploration of its portfolio of highly prospective precious metals
projects in the Yukon and British Columbia. On Behalf of the Board
of Directors of Driven Capital Corp. "Toma Sojonky" Toma Sojonky,
President & CEO 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. 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. Driven Capital Corp. CONTACT: For further information
please contact Toma Sojonky, President &CEO,at (604) 569-0799,
or visit www.DrivenCapital.ca.
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