High Grade Copper & Gold Intersected at DS Project
The Company is pleased to report that complete assay results, from its initial core drilling program at the DS Property, on Vancouver Island, have now been received.
The most significant results of the five hole program are in drill hole DDH-DS-10-05, which was drilled from the DS-1 Pit at -45 degrees on an Azimuth of 015 degrees. DS10-05 intersected 41.5 metres with multiple stages of brecciation and sulphide deposition consisting of pyrite, chalcopyrite, pyrite, bornite and native dendritic copper.
|
2010 Phase 1 Significant Drill Intercepts |
|||||
|
Interval |
Width (m) |
Width (ft) |
% Cu |
g/t Au |
|
| DS-10-05 |
10-49 |
0.93 |
0.71 |
||
|
39.0 m |
128.0 |
||||
|
Including |
23-49 |
26.0 m |
85.0 |
1.2 |
0.9 |
|
Including |
35-49 |
14.0 m |
45.9 |
2.19 |
1.7 |
|
Including |
39-49 |
10.0 m |
32.8 |
3.06 |
2.4 |
|
Including |
44-49 |
5.0 m |
16.4 |
6.06 |
4.73 |
|
Including |
47.4-48.3 |
0.9m |
3.0 |
20.8 |
17.87 |
| DS-10-02 |
1.1-5.8 |
4.7m |
15.4 |
0.39 |
0.16 |
| DS-10-03 |
1.8-9.5 |
7.7m |
25.3 |
0.85 |
0.36 |
|
Including |
5.0-9.5 |
4.5m |
14.8 |
1.16 |
0.25 |
| DS-10-04 |
2.6-5.5 |
2.9m |
9.5 |
0.71 |
0.53 |
|
Including |
2.6-3.6 |
1.0m |
3.3 |
1.8 |
1.02 |
| DS-10-01 | The hole did not reach target depth and was abandoned. | ||||
True widths of mineralized zones are not yet known.
Drills holes DS-10-02 to 04 were drilled proximal to the DS-1 Pit to interpret geological structure and orientation of mineralized zones.
The DS property is located on Vancouver Island, in a region that can be worked year round. The area that has been logged in recent years, leaving left an extensive network of high quality access roads suitable for heavy haulage. The discovery is close to tidewater and deep water ports.
Exploration at the DS Property is expected to recommence forthwith. The next planned stage will include additional diamond drilling of geophysical targets, additional detailed geophysical surveys within the established grid area and expansion of the existing grid to facilitate further geophysical surveys on extensions from the newly discovered mineralized zone. Also, two additional surface mineralized zones have been located and will be targeted for geophysical surveys with follow-up diamond drilling if warranted.
Company President Ralf Hillebrand states: “The company’s strategy of searching for VMS deposits in a politically secure region with good year round transportation access and infrastructure has paid off. Our discovery of high grade copper and gold in a period of high metal prices sets the stage for New Shoshoni to expand its exploration program significantly.”
Core samples were processed by Acme Laboratories, an ISO accredited facility located in Vancouver BC, for assay analysis by atomic absorption and metallic screen using a sample size of 500 grams.
Glen Macdonald P.Geol., a Qualified Person under NI43-101 has reviewed and approved the technical content of this News Release.
Additional information on New Shoshoni including pictures of representative sections of drill core is available for viewing on the Company’s website at http://www.newshoshoni.com .
NEW SHOSHONI VENTURES LTD.
Ralf Hillebrand
President
For more information, please contact Mark Tommasi at 604-608-6314 or toll free at 1-877-454-0383.
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