Driven Advances Lyn: More Claims, Soil Sampling, Drilling
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/28/11 -- Driven Capital Corp. (TSX VENTURE: DVV) ("Driven" or the "Company") is pleased to provide an update on current and planned exploration activities at its 100% optioned Lyn Silver Project in the Yukon.
"We have expanded our land package, completed shallow Winkie drilling and carried out soil sampling," said Toma Sojonky, Driven's CEO. "We're now waiting for results and setting our sights on Lyn's next phase of exploration, which will include conventional drilling at depth and along strike."
The shallow Winkie drilling program was successful in penetrating visible mineralization in the downdip direction directly beneath veins that were mapped and sampled at surface. With this objective being met and due to performance and core recovery challenges being encountered with the Winkie drill, the program was suspended after five holes in favour of more cost effective conventional drill methods to be utilized in the next phase.
A field crew has completed a geochemical soil sampling program, consisting of 433 samples, across areas adjacent to known high-grade silver mineralization, with the objective of expanding the target areas for the planned Phase II drilling program referenced below.
The Company is awaiting the analytical results for a total of 557 outstanding grab, chip, channel, core and soil samples submitted to ALS Canada Ltd.'s North Vancouver lab. Results will be published as they become available.
Driven also reports that it has staked 30 additional claims covering what is believed to be a continuation of host sediments under glacial cover. The new staking expands the project to 260 contiguous quartz claims named LYN 1 through LYN 260 inclusive, now having an area of approximately 5,435 hectares.
A Phase II, conventional core drilling program of up to 2,000 metres is currently planned during 2012. Driven is in the process of finalizing an application for a Yukon Class 3 Permit, which would allow for the Phase II drilling campaign. The Company intends to tender a drilling contractor this autumn.
Geologist U. Peter Kurisoo, a Director of the Company, is the Qualified Person under National Instrument 43-101 responsible for the technical information in this news release.
Driven is a publicly traded exploration company focused on the discovery of high-value precious metals deposits in North America. Please visit our web site at .
On Behalf of the Board of Directors of Driven Capital Corp.,
Toma Sojonky, President & CEO
Cautionary Statement Regarding Forward-Looking Information: All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.
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:
Driven Capital Corp.
Toma Sojonky
President & CEO
at (604) 569-0799
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Datum: 28.09.2011 - 11:00 Uhr
Sprache: Deutsch
News-ID 70439
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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