Supreme Resources Ltd. (TSX VENTURE: SPR) (OTCBB: SPRWF) is pleased
to announce the results of the shallow, 200 metre, four hole
drilling program conducted on the TAS Project at the Cliff and Road
showings in the fall of 2010. The Cliff showing drilling
intersected 19 metres grading 0.20% copper and the Road showing
drilling intersected 14 metres grading 0.21% copper. The TAS
Project is located 17 kilometres south of Princeton BC., adjacent
to the Copper Mountain Mining Corporation's claims on the east.
(www.Cumtn.com)
Significant drill intersections have been returned from the TAS
Project and the results confirm the presence of copper-silver
mineralization within the Copper Mountain Main Trend. Supreme has
identified a number of Titan 24 chargeability anomalies along this
trend for future exploration.
(See news release "Excellent results from Titan 24" dated
October 7, 2009)
Measured and indicated, and inferred resources at the Copper
Mountain Mine reported by Copper Mountain Mining Corporation are as
follows:
-- Measured and Indicated resources, based on a 0.15% Cu cut-off grade, are
518.6 million tons grading 0.31% Cu containing 3.2 billion pounds of
copper.
-- Inferred resources at 0.15% Cu cut-off grade are 390.7 million tons
grading 0.23% Cu containing 1.8 billion pounds of copper.
In 2010, Copper Mountain completed a shallow diamond drill
program in the Oriole and Rifle areas of the Copper Mountain
project. Supreme's TAS Project is located 1500 metres south-east of
the Oriole and Rifle areas. The Rifle area is 1000 metres south of
the Oriole deposit. The shallow drilling at the Oriole zone has
returned intercepts ranging from 7.5 to 63.0 metres grading 0.28%
to 1.69% copper and 1.79 to 7.72 grams per tonne silver. In the
Rifle area, four holes were drilled on the margin of a geophysical
chargeability anomaly and low level soil geochemical anomaly. The
shallow drilling at the Rifle area has returned intercepts ranging
from 15.0 to 24.0 metres grading 0.27% to 0.35% copper and 1.20 to
1.49 grams per tonne silver. Additional follow up work is being
planned by Copper Mountain.
Supreme Resources is planning to expend $ 3 million over the
next years for drilling on their consolidated land position at
Copper Mountain. This exploration will focus on their 30,000 acres
(121 sq km) of holdings that include the Verde and TAS
Projects.
Cliff Showing
At the Cliff showing, chalcopyrite and malachite are exposed in
a 12 metres long by 10 metres wide zone of propylitic and potassic
altered monzonite of the Copper Mountain Intrusions. Five of six
cuts of channel samples taken across the Cliff zone in August of
2010 gave significant copper and silver values, including 12 metres
(Cut-1) grading 0.184% copper and 1.7 grams/tonne silver and 3
metres (Cut-3) grading 0.491% copper and 6.2 grams/tonne silver.
The zone is open to the east, south and south-west.
Drill hole 21004 was a -60 degrees hole drilled easterly across
the Cliff zone and completed to a depth of 49.38 metres. The drill
hole intersected 19 metres grading 0.195% copper and 2.7
grams/tonne silver, including 4 metres grading 0.30% copper and 2.6
grams/tonne silver and 3 metres grading 0.39% copper and 5.6
grams/tonne silver. Chalcopyrite mineralization occurs in strongly
propylitic and potassic altered monzonite of the Copper Mountain
Intrusions. The chalcopyrite occurs along fractures and as
disseminations, and is variably associated with epidote and
magnetite.
Drill holes 21005 (-70 degrees, EOH 50.60 metres) and 21006 (-55
degrees, EOH 50.29 metres) were drilled across the Cliff zone in
north-easterly and north-westerly directions respectively and did
not intersect significant copper-silver mineralization.
----------------------------------------------------------------------------
2010 CLIFF AREA DRILLING RESULTS
----------------------------------------------------------------------------
Drill Hole From m To m Interval m Copper % Silver GMT
----------------------------------------------------------------------------
21004 1.56 49.38 EOH 47.82 0.10 1.5
-----------------------------------------------------------------
including 1.56 20.56 19.00 0.20 2.7
and 3.56 7.56 4.00 0.30 2.6
and 14.56 17.56 3.00 0.39 5.6
----------------------------------------------------------------------------
21005 3.05 50.60 EOH 47.55 0.01 0.4
----------------------------------------------------------------------------
21006 1.11 50.29 EOH 49.18 0.01 0.3
----------------------------------------------------------------------------
Road Showing
At the Road showing, traces of malachite occur along fractures
in propylitic and potassic altered monzonite of the Copper Mountain
Intrusions. Six channel samples taken across the Road showing in
August of 2010 gave anomalous copper values grading from 0.038% to
0.068% copper.
Drill hole 21007 was a -55 degrees hole drilled north-westerly
across the Road zone and completed to a depth of 49.99 metres. The
drill hole intersected 14 metres grading 0.21% copper and 2.1
grams/tonne silver, including 4 metres grading 0.319% copper and
2.4 grams/tonne silver. The copper values in drill hole 21007 were
significantly higher than those from the surface sampling. As in
drill hole 21004, the chalcopyrite mineralization occurs along
fractures and as disseminations in propylitic and potassic altered
monzonite of the Copper Mountain Intrusions, and is variably
associated with epidote and magnetite. The zone is open in all
directions.
All samples over 1000 ppm copper were analyzed for gold,
platinum and palladium but returned no significant values.
----------------------------------------------------------------------------
2010 ROAD AREA DRILLING RESULTS
----------------------------------------------------------------------------
Drill Hole From m To m Interval m Copper % Silver GMT
----------------------------------------------------------------------------
21007 0.91 49.99 EOH 49.08 0.08 0.7
-----------------------------------------------------------------
Including 2.91 16.91 14.00 0.21 1.7
and 6.91 10.91 4.00 0.32 2.4
----------------------------------------------------------------------------
The Cliff and Road showings are underlain by a large body of
strongly altered monzonite of the Copper Mountain Intrusions and
occur in an area of anomalous copper soil geochemical values and a
strong magnetic high response. It is not known at this time if the
copper mineralization intersected in drill holes 21004 and 21007
are related. Two high priority Titan-24 chargeability anomalies are
located 250 to 350 metres south of the Cliff and Road showings near
the Copper Mountain Intrusion/Nicola volcanic contact. This contact
is known to host copper mineralization at the Copper Mountain
mine.
Supreme is encouraged by the significant copper mineralization
intersected in drill holes 21004 and 21007 and is presently
planning a spring drilling program to determine the extent of the
copper mineralization intersected in the two drill holes. Supreme
will also be testing a number of high priority Titan-24
chargeability anomalies during the spring drilling program.
Core is logged and split with a diamond saw at a secure core
storage facility. Eco Tech Laboratory Ltd. of Kamloops B.C., an
accredited laboratory and subsidiary of Alex Stewart Group Ltd.
conducted the sample preparation and analysis. All samples were
analyzed by 35 multi-element ICP analysis, aqua regia digestion,
AES finish. All samples over 1000 ppm copper were analyzed for
gold, platinum and palladium by 30 gram fire assay geochem/A.A.
finish. The sample stream was subject to check analysis on repeat
and re-split samples.
Al Levien Supreme's CEO states "The TAS results are very
positive, and the directors are looking forward to aggressively
exploring and drilling our Copper Mountain targets this year."
Grant F. Crooker, PGeo, (geologist) is the qualified person as
defined by National Instrument 43-101 who supervised the
preparation and verification of the technical information in this
release.
Further news will be forthcoming in the near future.
ON BEHALF OF THE BOARD
Allan Levien, President and Chief Executive Officer
About Supreme Resources Ltd.:
Supreme Resources Ltd. (TSX VENTURE: SPR) is a junior
exploration company with advanced base and precious metals projects
located in producing mining districts of British Columbia, Canada.
Supreme Resources' goal is to increase shareholder value by
developing exploration projects that have the potential of becoming
new discoveries.
Website: www.supremeresourcesltd.com
About Copper Mountain Mining Corporation:
The Copper Mountain Mining Camp has excellent road access, an
entire infrastructure in place for a 25,000 to 50,000 tpd open pit
operation, including a water license and a 138 kilo volt power
line.
Copper Mountain owns 75% and Mitsubishi Materials Corporation
owns 25% of the Copper Mountain Project. The 18,000 acre mine site
is located 20 km south of the town of Princeton in southern British
Columbia. The Copper Mountain Project has a current resource of
approximately 5 billion pounds of copper, the project is fully
financed ($438M) and in construction and on schedule for the mine
to produce approximately 100 million pounds of copper per year by
mid 2011.
Website: www.CuMtn.com
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.
Contacts: Supreme Resources Ltd. Allan Levien CEO/President
604-941-3716 or Cell: 604-910-1912 aelevien@supremeresourcesltd.com
www.supremeresourcesltd.com
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