Smash Minerals Commences Yukon Gold Exploration Program
10 Mai 2011 - 3:33PM
Marketwired
Smash Minerals Corp. (TSX VENTURE: SSH) (the "Company") is pleased
to announce the commencement of its Summer 2011 field program on
its 100% owned Whiskey Gold Property (the "Property") in the White
Gold District, north-west Yukon, following completion of its camp
and the receipt of a Class 3 Land Use Permit.
This Property, one of the largest in the White Gold District,
with 4,177 claims extends over a distance of 60 km for a total of
846 square kilometers and lies due east of claims held by Kinross
Gold who secured its White Gold District holding in 2010 by
acquiring Underworld Resources.
Smash's 2011 field program is designed to further identify
preliminary gold targets for an initial phase of drilling in August
and September. The current program leverages a comprehensive
Property wide ridge sampling program undertaken in Summer 2010.
Over 7,000 soil samples were collected, followed up by a short
phase of field checking. This work led to the identification of
three targets with soil geochemistry, alteration and mineralization
at surface similar to the 1.5 million ounce Golden Saddle discovery
made by Underworld Resources in 2008.
The main elements of the 2011 field program will be ridge and
grid soil sampling (at least 15,000 samples), mapping and
prospecting, a Property wide detailed helicopter borne magnetics
and radiometrics survey with 100m line spacing, trenching of
prioritized targets, and approximately 3,000 metres of core
drilling. Smash intends to analyze all of the grid soil samples at
site using bench top XRF technology prior to sending samples to
Vancouver for assay. This is expected to speed up the exploration
program by delivering real time, qualitative data for pathfinder
elements at the field camp well ahead of the more accurate assays
from the laboratory.
The exploration program will be directed by Adrian Fleming, CEO
and Director of Smash Minerals, formerly CEO of Underworld
Resources who is a Qualified Person. A significant proportion of
the Smash technical team formerly worked for Underworld Resources
and were responsible for the Golden Saddle discovery in 2008. The
budget for the proposed program will exceed C$4.5 million.
ON BEHALF OF THE BOARD
Adrian W. Fleming, CEO and Director
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 news release.
Contacts: Smash Minerals Corp. Adrian W. Fleming CEO and
Director (604) 638-8063 (604) 648-8105 (FAX)
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