Swift Resources Inc. Commences Drilling Castlegar Properties in South Eastern British Columbia
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/27/11 -- Swift Resources Inc. (TSX VENTURE: SWR) -
Mr. Mike Elson reports:
Swift Resources has begun a diamond drill program on its Castlegar Project in southern B.C., in follow-up to the company's summer exploration program. Approximately 2500 metres of diamond drilling are planned on the Amazing Grace and Klovance properties. To date, 8 holes totalling approximately 1500 metres have been completed.
The Castlegar Project consists of 3 contiguous properties, the Amazing Grace, Skarn and Klovance properties, which are held by Swift by way of 3 separate option agreements. The company's summer work program consisted of soil geochemistry, ground geophysics (33 line km magnetometer and VLF), geological mapping and trenching (17 trenches totalling approximately 400 lineal metres + 3 stripped areas totalling approximately 0.13 hectares).
On the Klovance property, trenching exposed a zone of shear-hosted polymetallic mineralization intermittently over a strike length of 400 metres. The mineralized structure is a moderate west dipping structure, hosted within a sequence of argillite and volcanics. It ranges in true width from less than 1 metre to more than 4 metres. Narrow veins and veinlets of massive to semi-massive sulfide mineralization occur within the shear zone. Highlights from the company's trenching program on the Klovance property are summarized below.
A strong VLF anomaly and coincident silver soil geochemical anomaly was identified on the Klovance property, which trends subparallel to the known zone of mineralization, but is not coincident with it. The current drill program will test the down-dip expression of zones of mineralization exposed by trenching, as well as testing geophysical and geochemical anomalies.
On the Amazing Grace property, trenching at the BW showing exposed a mineralized quartz vein, which returned one sample grading 31.25 g/t gold over a true width of 0.5 metres. At the Scheelite showing, also on the Amazing Grace property, a 12 metre zone returned an average grade of 0.2% W, including a 2 metre interval that graded 0.71% W. This 12 metre zone represents the entire exposed zone. The extents and true width of the zone of mineralization are unknown.
Results reported in this release were from representative chip or channel samples, from zones of mineralization exposed by excavator trenching. Samples were analyzed at Acme Analytical Laboratories in Vancouver, an ISO 9001:2008 accredited laboratory. Gold analyses were by 30 gram FA/AA (Acme method G601), with metallic screen done on samples returning greater than 10 g/t Au. Tungsten assay was by Acme Group 8X (XRF) and silver and base metal assays were by Acme's Group 7AR (multi-element assay by ICP emission spectrometry). Unless stated, reported intervals are representative of true width.
Linda Caron, M.Sc., P.Eng. is the qualified person under NI 43-101 who has reviewed and approved the technical content of this news release.
We seek Safe Harbour
Contacts:
Investor Relations Contact:
Swift Resources Inc.
Lawrie Koyle
604-558-1000
604-558-1200 (FAX)
Swift Resources Inc.
Mike Elson
President
604-558-1000
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Datum: 27.09.2011 - 13:00 Uhr
Sprache: Deutsch
News-ID 70138
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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