Sep 25 2015
Solvista Gold Corporation ("Solvista" or the "Company") is pleased to announce the first drill hole assay results from its ongoing 5,000m, 10-15 hole drill program on the Talbot Property, Manitoba.
Drill hole TB-001 intersected the following results;
6.1 % copper, 8.2 g/t gold, 5.0 % zinc, 112.1 g/t silver across 9.13m including
5.9 % copper, 16.6 g/t gold, 5.8 % zinc, 135.6 g/t silver across 3.8m
Ken Lapierre, President and CEO commented, "Our very first drill hole confirms that the Talbot Property has substantial potential to host high grade massive sulphides containing significant thicknesses and grades in copper, gold, zinc and silver. Drill hole geophysical data from TB-001 has also identified large conductive anomalies that need to be drill tested to determine their significance. Drilling continues and we look forward in testing several additional high priority copper-gold-zinc-silver targets on the Talbot Property."
The massive sulfide intersection in TB-001 is located in a part of the historic Talbot Deposit-Main Lens, where additional drilling had been recommended due to the wide spacing between the nearby drill holes. Massive sulphides were intersected between 558.68 metres and 567.81 metres (not true thickness) that consisted of megacrystic pyrite in a fine grained chalcopyrite matrix with disseminated to blebby sphalerite. Down hole geophysical data indicates substantial conductive anomalies that warrant follow-up drilling. Interpretation of the geophysical anomalies is ongoing and the results will be reported on in subsequent news releases. TB-001 was drilled at UTM co-ordinates 458320E/5997012N, to a depth of 772 metres, along an azimuth of 285 degrees, and a dip of -70 degrees.
The Company's drill program is focussed on four (4) areas with significant high grade copper-gold-zinc and silver potential. The areas are; (1) Talbot Deposit: main, footwall and north lenses; (2) High Grade Gold Lens 50m south of the Talbot Deposit; (3) EZ Copper-Gold Zone located 500m north of the Talbot Deposit; and (4) The North Target: a complex, 1,000m long geophysical conductor which is located approximately 2.5km north of the Talbot Deposit and is known to be mineralized with anomalous copper from two (2) historic drill holes spaced 400m apart.
Solvista's hole TB-002 has been completed on the High Grade Gold Lens in an area where an untested early-time channel bore hole geophysical anomaly is interpreted as the potential southern extension of the Gold Lens. Several historic drill holes north of and along strike of this anomaly intersected significant high grade gold-silver drill values (not true thickness) of:
- 10.4 g/t gold and 54.5 g/t silver across 5.2m and
- 8.2 g/t gold and 88.4 g/t silver across 9.3m
Downhole geophysical surveying of TB-002 has also been completed and sampling of mineralized drill core will commence shortly. The split core samples will be analyzed for gold, silver, copper and zinc content. Assay results from the drilling will be released to the public once received and compiled.
Samples of half core are packaged and shipped directly from Solvista field office to TSL Laboratories (TSL), Saskatoon, Saskatchewan. TSL is a Canadian assay laboratory and is accredited under ISO/IEC 17025. Each bagged core sample is dried, crushed to 70% passing 10 mesh and a 250g pulp is pulverized to 95% passing 150 mesh for assaying. A 0.5g cut is taken from each pulp for base metal analysis and leached in a multi acid (total) digestion and then analyzed for copper, lead, zinc and silver by atomic absorption. Gold concentrations are determined by fire assay using a 30g charge followed by fire assay gravimetric an atomic absorption finish. Samples greater than an upper detection limit (3000 ppb) are reanalyzed using a 1 AT charge. Solvista inserted certified blanks and standards in the sample stream to ensure lab integrity.
Source: http://www.solvistagold.com/