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SUNVEST SAMPLES 245G/T (7.1 OZ/T) GOLD OVER 1.5 METERS AT THE CLONE GOLD PROPERTY, GOLDEN TRIANGLE, BC
Vancouver, British Columbia – November 3rd, 2017 – Sunvest Minerals Corp. (TSX-V: SSS) ("Sunvest Minerals" or the “Company”) is pleased to report it has received it’s first gold assay results from its recently acquired Clone project located near Stewart in the Golden Triangle region of northwestern British Columbia.
The best sample assayed 245g/t (7.1 oz/t) gold over 1.5m and is part of a 7.5m long continuous chip channel sample averaging 101g/t gold, perpendicularly to the strike, confirming the width and grade of the H zone.
Approximately 250 meters WNW from the channel samples, and near the edge of the retreating glacier, grab samples assayed 101 g/t gold and 93.7 g/t demonstrating the potential for new discoveries on the Clone property.
Historic drill core has now been secured and an initial re-sampling program completed to validate the previous work and improve the understanding of the Clone mineralization. Assays will be announced when received and interpreted.
Sunvest has recently acquired a substantial electronic database of the Clone project that is now being assessed and reviewed. This compilation, digitizing and interpreting of data by Sunvest personnel will greatly assist in determining future programs.
“We are very excited to have located high grade gold near the retreating glacier. Much of the historical work has focussed on certain select areas but with the ablation on the property (receding glacier) over the years we now can see we will have many new and prospective areas to direct our attention to as well.” stated Mike England, CEO of the Company.
High-grade gold and gold-cobalt mineralization was discovered by Teuton-Silver Grail prospectors in 1995 within a series of shears exposed over a strike length of 500 meters and a vertical range of 130 meters. Trenching of the shears returned values ranging up to 123.1 g/t gold over 5.5 meters. Significant cobalt values were found to accompany gold in the southeast portion of the zone.
All samples from the Clone surface program were sent to the Actlabs Kamloops, BC laboratory, an ISO/IEC 17025 Accredited (Lab 790) by the Standards Council of Canada certified facility. All samples were collected by Company personnel and securely stored until delivery to Actlabs. This limited sampling program relies on the certified standards utilized by Actlabs as part of it analysis protocols. No QA/QC anomalies were noted in the analyses. Grab samples are selective samples and are not necessarily representative of the mineralization hosted on the property.
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).