Supreme Resources Ltd.: Excellent Results From Titan 24 Survey
07 Octobre 2009 - 10:52PM
Marketwired
Supreme Resources Ltd. (Supreme) (TSX VENTURE: SPR) is pleased to
provide an update on geophysical exploration results at its TAS
(Copper) Project, located in the Copper Mountain Mining Camp, in
the Similkameen Mining Division of southwest British Columbia.
Supreme has a large claim (1306 hectares) under option from
Grant Crooker, P.Geo., situated immediately south and east of the
property of Copper Mountain Mining Corp. (TSX.CUM) and staked
claims to the south of the optioned ground. Additional claim
staking has just been completed. The optioned claim has two Minfile
showings (92H5 SE 192 and 193) explored in the past with
geochemical and geophysical anomalies and known showings of copper
mineralization. Other mineralized showings found by Grant Crooker
in 1997 are not included in Minfile but are described in Assessment
Report 25102 (Crooker, 1997).
An Interpretation Report by Quantech Geoscience Ltd. has
recently been received describing a Titan 24 Deep Earth Imaging
Survey completed earlier in the summer.
A Titan-24 survey was carried out over the TAS project area,
British Columbia, Canada, between May 15th and June 1st 2009. The
survey grid included five lines totaling 18 kilometers (19.5 km
with extensions). The Titan 24 system is basically a deep Induced
Polarization (IP) method used on the adjacent Copper Mountain
porphyry copper-gold deposit.
Three lines were surveyed in the optioned claim and two lines in
the claims to the south (Belgie Creek area) The data were inverted
using 2D inversion algorithms to produce maps and sections showing
resistivity and chargeability of the subsurface. The primary
objective of the geophysical surveys was to locate potential copper
mineralization targets to a depth of 750 m in the TAS claims area
which could potentially be related to the mineralization found at
the Copper Mountain mine, located adjacent to the TAS project.
Results
Results of the surveys are summarized from the Interpretation
Report by A. Verweerd Dr. Rer Nat. (M.Sc. Equivalent) and Kevin
Killin (Hon. B.Sc., of Quantec.
Northern area: The resistivity surveys on the northern lines
show a conductive overburden of approximately 100 m thickness.
However, The chargeability models of the northern group of lines
show a large highly chargeable feature in the southern extent of
all three lines, potentially outcropping on the west and dipping
towards the north-east. A succession of north dipping fault-like
features is also suggested, separating isolated chargeability
features.
Southern Area: The two southern lines also show an extensive
chargeability high in the southern portion of the lines, and the
north dipping fault-like features. The northern portion of the
lines only shows a very limited chargeability response. The
resistivity observed on these lines is slightly higher than in the
northern group and also shows the north dipping features.
Based on a review of the past geochemical and geophysical
surveys, the present Titan 24 north anomaly covers some of the 1997
Copper geochemical anomalies and the 1997 IP anomalies.
The northern Titan 24 anomaly and associated geochemical
anomalies are approximately 2000-2500 meters southeast of the
Oriole deposit of Copper Mountain Mining Corp, where a small
historical and non compliant resource has been further explored,
with intercepts up to 131 feet grading 1.44% Cu Eq.Drill (hole
OL-07) and 119 feet of 2.31% Cu Eq innearby OL-17.
There is little historical information for the southern Titan 24
anomaly near Belgie Creek which covers 1000 meters on one line
(683100 E) and almost 2000 meters on the adjacent line (682100
E).
Recommendations
Based on the 2 dimensional data inversion results, a total of 27
potential targets were picked by Quantec. Of these, 4 targets were
surface anomalies that potentially could be explored by
trenching.
The 23 sub-surface potential drill targets are prioritized as
High, Medium, and Low, based on their chargeability values,
resistivity regime, size and depth below the surface. In total
twelve (12) targets are classified as high priority, to be
followed-up by a diamond drilling campaign or trenching (where
anomalies reach the surface). Nine (9) anomalies are of medium
priority and seven (7) are low priority targets.
Based on the success in the surveys, Supreme has acquired
additional ground in the area by staking.
Supreme has obtained the necessary permits to commence a
seven-hole Phase 1 diamond drill program on the two high priority
target areas. The IP data is suggestive of porphyry style
mineralization, which potentially could be related or similar to
the various mineralized zones on the nearby Copper Mountain claims.
Such potential cannot be quantified and only be verified by the
planned drill program.
Supreme Resources Ltd. is a public, junior gold and base metal
exploration company with two properties in southwest British
Columbia: the TAS Project, in the Copper Mountain area, Princeton
BC., and the Ample-Goldmax (Gold) Property located in the Lillooet
area.
The 100%-owned Ample-Goldmax Property is host to several known
mineralized zones with gold grades ranging from trace to more than
2.0 ounces per tonne (66.34g/t) Au in quartz veins. Prior drilling
results on the property by Homestake Mining included an 8.2 meter
intersection grading 11.76g/t Au. Supreme's 2008 drill intercepts
included 11.39g/t Au across 0.13m and 5.91g/t Au across 8.53m.
Visible gold was observed in several drill holes (see news release
dated September 15, 2008, September 25th 2008 and February 9 2009)
further exploration is planned at Ample-Goldmax for 2010.
This press release has been reviewed by independent consultant
and Qualified Person Barry Price, M.Sc. P.Geo. BJ Price Geological
Consultants Inc.
Further news will be forthcoming in the near future.
ON BEHALF OF THE BOARD
Allan Levien, President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the release.
Contacts: Supreme Resources Ltd. Allan Levien President (604)
941-3716 aelevien@hotmail.com
Supreme Resources Ltd. (TSXV:SPR)
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