NEWS RELEASESUBSCRIBE TO UPDATES
SUNVEST RETURNS GOLD VALUES UP TO 33.5 GRAMS ON MCKINNON HAWKINS PROJECT
Vancouver, British Columbia – June 15th, 2017 – Sunvest Minerals Corp. (TSX-V: SSS) ("Sunvest Minerals" or the “Company”) announces results of samples taken on an initial visit to the historic Culbert-Dubroy prospect, on the Mckinnon-Hawkins gold project located in Hawkins and Walls townships, Ontario.
- Current limited sampling confirms high gold values at the historic Culbert-Dubroy prospect
- Interpreted extension over 4 kilometers east of the recently drilled Taylor discovery and Main zone
- Compilation of historic data and new data revealing impressive 8 kilometer strike length including the Main Zone resource
- Gold enriched region covered with overburden now ready for work programs utilizing current technology
An initial site visit to the historic Culbert-Dubroy prospect was undertaken to examine sites, along trend with the Taylor and Main zones, previously documented to contain significant gold values. The highest gold values were received from Sample No. 1138124, which returned a peak value of 33.3 grams of gold per tonne (g/t Au), comprising a grab sample of quartz veining hosted in highly altered mafic/felsic metavolcanics, metamorphosed to biotite, hornblende schists or amphibolites.
The Culbert-Dubroy prospect is located approximately 4.0 kilometers due east of the eastern-most drill hole of the Taylor Zone and the Hawkins Main Zone, which hosts a National Instrument 43-101 resource estimate of 239,100 ounces of gold (4,957,000 tonnes at 1.50 g/t Au, at a cut-off grade of 0.5 g/t Au). The entire 4.0 kilometers strike length between the Taylor showing and the recently rediscovered Culbert-Dubroy area, is projected to be underlain by similar favorable geology and is interpreted to be high prospective for gold mineralization.
Three of eleven samples returned values greater than 3.00 g/t Au (3,350, 13,800, and 33,500 ppb Au). Another sample returned 1.68 g/t Au. In total 11 samples were taken (5, 10, 16, 21, 44, 59, 1,680, 3,530, 13,800 and 33,500 ppb Au). The sampling and prospecting was completed during a brief, reconnaissance site visit to the area of historic trenching and stripping of overburden, that has not been reported to have been worked since 1988. Samples were submitted for fire assay to Act Labs Ltd. (Actlabs Group), Timmins.
Company CEO Mike England commented, "These results from the Culbert-Dubroy prospect show higher grade (33.3 g/t Au) gold values from grab samples and indicate the entire 4,000 meter strike length represents an excellent target to locate additional gold mineralization. There are no known drill hole results between the Taylor/Main Zones and the Culbert-Dubroy showing. Further drilling, prospecting and trenching along with modern geophysical techniques will be directed at defining the new drill targets."
Garry Clark, P. Geo, is a qualified person as defined by National Instrument 43-101 and is the independent qualified person responsible for reviewing and approving the technical contents of this press release pertaining to the McKinnon-Hawkins gold project.
ON BEHALF OF THE BOARD
Mike England, CEO & DIRECTOR
FOR FURTHER INFORMATION PLEASE CONTACT:
Toll Free: 1-888-945-4770
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).