Feb 3 2016
Secova Metals Corp. is pleased to provide an update on the Company's current activities and future plans.
Duvay Exploration
Secova has commenced its winter exploration program on the advanced-stage Duvay gold project in Amos, Quebec. The program is scheduled to include over 3,250 meters (10,660 feet) of drilling. A three-dimensional (3D) IP survey and compilation of historic data into a 3D model is underway. Results are expected to contribute to a comprehensive model of the Duvay gold structure. The Duvay project is located in the Abitibi gold belt, one of Quebec's premier mining jurisdictions.
Winter drilling is proposed to include 10 holes along the current 1.5 kilometer (0.9 mile) strike at Duvay. These holes of between 200 and 400 meters (656 and 1,312 feet) each would test the system at depth for the first time to determine if gold-bearing structures continue for the entire strike length and at depth.
"We are very excited to have started our exploration program at Duvay and look forward to drilling, which is crucial to test the expanse of the property for its gold deposit potential," said Brad Kitchen, Chief Executive Officer of Secova. "In a market where many exploration companies are not doing any work to advance their projects, we feel extremely fortunate to have the support of our shareholders to fund our exploration program. We believe Secova has a huge advantage over other gold exploration companies as we advance the gold exploration at Duvay while others sit idle. When the market for mineral resources improves, we believe Secova will be in the driver's seat to benefit from the market change."
Most of the historic work at Duvay has been focused near the surface, including 339 drill holes to an approximate depth of 100 meters (328 feet), and in an area that is only 250 square meters (2,690 square feet). Historical gold results from the 1940s through the 1980s reportedly include drill intersections of up to 402 grams per tonne (g/t) over 0.36 meters (1.18 feet), 76.8 g/t over 0.46 meters (1.51 feet) and 34.6 g/t over 0.46 meters (1.51 feet), as well as more recent drilling by Tres-Or including up to 83.194 g/t over 1.0 meter (3.28 feet). These selected results show the presence of gold. A short exploration mine shaft and drifts (1944) reportedly intersected a highly variable gold grade. These findings are similar to typical gold mineralization in the Abitibi gold belt.
As part of its methodical approach to exploring the Duvay project, Secova is currently conducting a 3D IP survey (OreVision 3D) and compiling all available historic data into a 3D model using the latest computer software. Once complete, this model is expected to help fast-track the project by identifying the best drill targets on the property on a much larger scale than before. Drilling is anticipated to begin between March and late April depending on weather conditions.
The winter exploration program at Duvay is based on a preliminary assessment report prepared by PJ Lafleur Geo-conséil Inc. ("PJLGCI"). PJLGCI reviewed all available historic information with the objective of proposing an exploration program that would assist in creating a comprehensive model of the Duvay gold structure.