SNS Precious Metals Wraps Up Drill Program With Over 2ft of 55 g/t Gold
28 Juni 2010 - 3:30PM
Marketwired
SNS Precious Metals Inc. (TSX VENTURE: SNS) ("SNS" or "the
company") is pleased to announce that it has received final assay
results from the phase 1 diamond drilling program on the Emerald
Lake Property located 65 km northeast of Sudbury, Ontario.
The program consisted of 6713 m of diamond drilling in 30 drill
holes. The drill holes partially tested the extension of the
historical mineralization, as well as various geophysical targets
over a strike length of 750 m.
Highlights from the recent drilling are tabulated below. The
lengths reported are drill intersected core lengths and do not
represent true widths.
---------------------------------------------------------------
DDH From (ft) To (ft) Interval (ft) Au (gpt)
---------------------------------------------------------------
GR09-10 345.83 347.83 2 4.38
---------------------------------------------------------------
371 373 2 7.37
---------------------------------------------------------------
---------------------------------------------------------------
GR09-11 405 408 3 2.63
---------------------------------------------------------------
514 517.33 3.33 9.46
---------------------------------------------------------------
529 530.5 1.5 6.14
---------------------------------------------------------------
---------------------------------------------------------------
GR09-12 657 659 2 1.44
---------------------------------------------------------------
---------------------------------------------------------------
GR09-14 360 363 3 7.23
---------------------------------------------------------------
371 374 3 3.44
---------------------------------------------------------------
---------------------------------------------------------------
GR09-21 589 595 6 4.12
---------------------------------------------------------------
inc 589 591 2 1.03
---------------------------------------------------------------
inc 591 593 2 9.49
---------------------------------------------------------------
inc 593 595 2 1.83
---------------------------------------------------------------
---------------------------------------------------------------
GR09-23 719.5 722 2.5 18.2
---------------------------------------------------------------
758.67 760 1.33 1.23
---------------------------------------------------------------
763 766 3 1.29
---------------------------------------------------------------
770 772 2 55.00
---------------------------------------------------------------
772 773 1 0.96
---------------------------------------------------------------
---------------------------------------------------------------
GR09-24 606 608 2 3.06
---------------------------------------------------------------
---------------------------------------------------------------
GR09-26 636 638 2 55.3
---------------------------------------------------------------
709.5 710.5 1 5.78
---------------------------------------------------------------
---------------------------------------------------------------
GR09-27 751 752 1 6.32
---------------------------------------------------------------
795 797 2 2.79
---------------------------------------------------------------
GR09-28 1108 1111 3 1.11
---------------------------------------------------------------
---------------------------------------------------------------
GR09-29 758 761 3 1.63
---------------------------------------------------------------
773.5 776 2.5 7.00
---------------------------------------------------------------
790 793 3 1.78
---------------------------------------------------------------
811 813.5 2.5 6.08
---------------------------------------------------------------
---------------------------------------------------------------
GR09-30 972 974 2 1.21
---------------------------------------------------------------
No significant results were encountered for GR09-15, GR09-16,
GR09-17, GR-09-18, GR09-19, GR09-20, GR09-25, and GR09-31.
The first phase drill program completed by SNS on the Emerald
Lake property successfully provided the geological data and
confirmed the presence of high-grade gold mineralization necessary
to implement a second phase diamond drill program aimed at
targeting mineralization along trend. SNS will be completing a
geological interpretation of current and historical results before
planning the Phase 2 drill holes. SNS will also be commencing the
earlier announced surface program consisting of geological mapping,
prospecting, and down-hole and surface geophysical surveys once the
drill results have been compiled and interpreted.
The technical information in this press release has been
reviewed and approved by Joerg Kleinboeck, B.Sc., P.Geo., SNS's
Qualified Person as defined by National Instrument 43-101.
QA/QC Procedures
SNS Precious Metals Inc has implemented a rigorous quality
assurance / quality control (QA/QC) program to ensure best
practices in sampling, analysis and preservation of the drill core.
This will ensure timely, accurate and comprehensive analysis of all
ongoing geological work at the project.
All drill core is logged, photographed, and cut on-site with a
diamond saw. Half of the core was submitted for analysis to ALS
Chemex as well as to SGS Canada Inc for check assays. Both
laboratories are ISO 9001:2000accredited laboratories with
processing facilities located in Sudbury, Ontario. Lab protocols
include fire assay for Au with an AA finish on a crushed and
pulverized sub-sample. The MDL and upper detection limits (UDL) for
Au are 5 - 1000 ppb under this protocol. Above the UDL a
gravimetric method is used for determination on high
concentrations. Where high gold values are suspected the samples
are processed using a "Screen Fire Assay" procedure in order to
ensure that there is no bias due to the presence of coarse gold.
Under this procedure the entire sample is pulverized, and screened
to 100 microns. The entire sample above 100 microns is fire assayed
and two splits from the sample below 100 microns are also fire
assayed and weight averaged to arrive at the final assay value.
Internal Lab Quality Control consists of a repeat of every tenth
sample, and for every 20 samples run, a standard and a blank sample
are analyzed. An additional quality control program has been
implemented by the Company using certified control standards, and
coarse field blanks that are randomly inserted into the sample
stream. A program of analysis of duplicate samples has begun and is
ongoing.
We Seek Safe Harbor
SNS Precious Metals Inc. (TSX VENTURE: SNS) is an exploration
mining company, whose assets include a number of near term
production projects in geopolitically secure Idaho, USA. The 100%
owned Crescent Mine consists of 24 patented mining claims over
approximately 350 acres. UMG has agreed to expend a total amount of
US$9,000,000 over 3 years toward the development and exploration of
the Crescent Mine. UMG is currently reactivating the Crescent
Silver Mine and intends to commence production within 12 months,
subject to permitting and associated mine engineering work.
This press release contains certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Security
Exchange Act of 1934, and involves a number of risks and
uncertainties. Important factors that could cause actual results to
differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time with the TSX
Venture Exchange and the British Columbia Securities Commission.
All statements, other than of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
SNS Precious Metals
Contacts: SNS Precious Metals David Greenway (604) 689-0896 or
Toll Free: 1-800-663-4567 dg@snspreciousmetals.com
www.snspreciousmetals.com
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