SNS Precious Metals Wraps Up Drill Program With Over 2ft of 55 g/t Gold
28 6월 2010 - 10:30PM
Marketwired Canada
SNS Precious Metals Inc. (TSX VENTURE:SNS) ("SNS" or "the company") is pleased
to announce that it has received final assay results from the phase 1 diamond
drilling program on the Emerald Lake Property located 65 km northeast of
Sudbury, Ontario.
The program consisted of 6713 m of diamond drilling in 30 drill holes. The drill
holes partially tested the extension of the historical mineralization, as well
as various geophysical targets over a strike length of 750 m.
Highlights from the recent drilling are tabulated below. The lengths reported
are drill intersected core lengths and do not represent true widths.
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DDH From (ft) To (ft) Interval (ft) Au (gpt)
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GR09-10 345.83 347.83 2 4.38
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371 373 2 7.37
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GR09-11 405 408 3 2.63
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514 517.33 3.33 9.46
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529 530.5 1.5 6.14
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---------------------------------------------------------------
GR09-12 657 659 2 1.44
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---------------------------------------------------------------
GR09-14 360 363 3 7.23
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371 374 3 3.44
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---------------------------------------------------------------
GR09-21 589 595 6 4.12
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inc 589 591 2 1.03
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inc 591 593 2 9.49
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inc 593 595 2 1.83
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---------------------------------------------------------------
GR09-23 719.5 722 2.5 18.2
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758.67 760 1.33 1.23
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763 766 3 1.29
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770 772 2 55.00
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772 773 1 0.96
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---------------------------------------------------------------
GR09-24 606 608 2 3.06
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---------------------------------------------------------------
GR09-26 636 638 2 55.3
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709.5 710.5 1 5.78
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---------------------------------------------------------------
GR09-27 751 752 1 6.32
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795 797 2 2.79
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GR09-28 1108 1111 3 1.11
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---------------------------------------------------------------
GR09-29 758 761 3 1.63
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773.5 776 2.5 7.00
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790 793 3 1.78
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811 813.5 2.5 6.08
---------------------------------------------------------------
---------------------------------------------------------------
GR09-30 972 974 2 1.21
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No significant results were encountered for GR09-15, GR09-16, GR09-17, GR-09-18,
GR09-19, GR09-20, GR09-25, and GR09-31.
The first phase drill program completed by SNS on the Emerald Lake property
successfully provided the geological data and confirmed the presence of
high-grade gold mineralization necessary to implement a second phase diamond
drill program aimed at targeting mineralization along trend. SNS will be
completing a geological interpretation of current and historical results before
planning the Phase 2 drill holes. SNS will also be commencing the earlier
announced surface program consisting of geological mapping, prospecting, and
down-hole and surface geophysical surveys once the drill results have been
compiled and interpreted.
The technical information in this press release has been reviewed and approved
by Joerg Kleinboeck, B.Sc., P.Geo., SNS's Qualified Person as defined by
National Instrument 43-101.
QA/QC Procedures
SNS Precious Metals Inc has implemented a rigorous quality assurance / quality
control (QA/QC) program to ensure best practices in sampling, analysis and
preservation of the drill core. This will ensure timely, accurate and
comprehensive analysis of all ongoing geological work at the project.
All drill core is logged, photographed, and cut on-site with a diamond saw. Half
of the core was submitted for analysis to ALS Chemex as well as to SGS Canada
Inc for check assays. Both laboratories are ISO 9001:2000accredited laboratories
with processing facilities located in Sudbury, Ontario. Lab protocols include
fire assay for Au with an AA finish on a crushed and pulverized sub-sample. The
MDL and upper detection limits (UDL) for Au are 5 - 1000 ppb under this
protocol. Above the UDL a gravimetric method is used for determination on high
concentrations. Where high gold values are suspected the samples are processed
using a "Screen Fire Assay" procedure in order to ensure that there is no bias
due to the presence of coarse gold. Under this procedure the entire sample is
pulverized, and screened to 100 microns. The entire sample above 100 microns is
fire assayed and two splits from the sample below 100 microns are also fire
assayed and weight averaged to arrive at the final assay value.
Internal Lab Quality Control consists of a repeat of every tenth sample, and for
every 20 samples run, a standard and a blank sample are analyzed. An additional
quality control program has been implemented by the Company using certified
control standards, and coarse field blanks that are randomly inserted into the
sample stream. A program of analysis of duplicate samples has begun and is
ongoing.
We Seek Safe Harbor
SNS Precious Metals Inc. (TSX VENTURE:SNS) is an exploration mining company,
whose assets include a number of near term production projects in geopolitically
secure Idaho, USA. The 100% owned Crescent Mine consists of 24 patented mining
claims over approximately 350 acres. UMG has agreed to expend a total amount of
US$9,000,000 over 3 years toward the development and exploration of the Crescent
Mine. UMG is currently reactivating the Crescent Silver Mine and intends to
commence production within 12 months, subject to permitting and associated mine
engineering work.
This press release contains certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Security Exchange Act of 1934, and
involves a number of risks and uncertainties. Important factors that could cause
actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time with the TSX
Venture Exchange and the British Columbia Securities Commission. All statements,
other than of historical fact, included herein are forward-looking statements
that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements.
SNS Precious Metals
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