Smash Minerals-Early Assays Confirm Prospectivity
05 Juli 2011 - 3:00PM
Marketwired
Smash Minerals Corp. (the "Company" or "Smash") (TSX VENTURE: SSH)
provides an exploration update from its Whiskey Gold Property (the
"Property") located in the White Gold District of west-central
Yukon Territory, Canada.
The Property occupies 4,177 claims covering an area of 846
square kilometres including the placer gold-rich Black Hills and
Barker creeks, and is east of and contiguous with claims formally
held by Underworld Resources Corp. and now Kinross Gold Corp.
The 2011 exploration program at Whiskey has been designed to
target gold mineralization identified by comprehensive ridge soil
sampling(over 7,000 samples) conducted in 2010. Targets identified
thus far have characteristics similar to that of the White Gold
discovery (both Golden Saddle and Arc Zones) made by Underworld
Resources in 2008.
To date this season, Smash has collected a total of 3,395
reconnaissance ridge soil samples, 3,508 grid soil samples, 128
stream sediment samples,and 804 rock grab and chip samples which
includes 234 trench samples. Encouraging results from this sampling
has prioritised the northeast sector of the property. A
property-wide helicopter supported 10,616 line kilometre magnetic
and radiometric geophysical survey (100m line spacing) is currently
underway. Property-wide and prospect-scale geologic mapping and
prospecting is also ongoing in each of the northern and southern
claim blocks. Laboratory assay results received, to date, account
for approximately half of the total samples collected. Assay
results are being progressively received.
Results from reconnaissance ridge soil sampling and follow-up
gridded soil surveys have uncovered several areas of anomalous
gold, including associated pathfinder elements (principally arsenic
(As) and molybdenum (Mo)). Laboratory assay results from recent
ridge soil samples in the northeast portion of the property range
between detection limit to values as high as 320 ppb, including 170
ppb gold (Au) from a population of 3244 samples further
highlighting a potential mineralizing system. In addition,grab rock
samples in the same area returned gold values from detection limit
to 5.8 g/t Au, including 0.53 and 0.58 g/t Au from a sample
population of 436 samples for which assay were received.
Mineralization appears to be concentrated in epithermal-style
quartz veins, predominately in mafic gneisses (meta-gabbro)
adjacent to major lithologic contacts. Pathfinder elements
associated with gold in rock and soil samples (As & Mo) are
coincident with a northwest-trending lithologic contact that
extends for 14.5 kilometers.
A mechanical trenching program initiated in late June has
completed 477 line-meters at locations where gold and arsenic
anomalies have been identified in rock and soil. To date, 234
trench samples have been collected; assays are pending. Trenching
and chip sampling is expected to continue through August.
As an integral part of Smash's technical program all grid soil
samples are analysed in a field laboratory on a Niton bench top XRF
(x-ray fluorescence) analyser to collect real time
semi-quantitative results for several pathfinder elements known to
characterise the Golden Saddle and Coffee gold deposits (Kinross,
Kaminak). These data allow for next day priority follow-up of
strongly anomalous results with more detailed soil sampling and
trenching. All soil samples are then shipped to Acme Laboratories
in Vancouver for analysis for gold plus 36 elements. A total of
3,508 grid soil samples have been analyzed on the bench top XRF to
date. Smash does not intend to release these data because they are
semi-quantitative. The XRF has enabled Smash to accelerate and
refine its exploration work and better prioritize targets for a
3,000 m core drilling program anticipated to commence in
August.
The exploration program is being directed by Adrian Fleming, CEO
and Director of Smash and formerly CEO of Underworld Resources.
Overall technical guidance for the program including specialist
expertise in geology, geochemistry, and geophysics is being
provided by Revelation Geoscience. Phil Smerchanski, P.Geo.,
Principal Consultant - Geology, Revelation Geoscience Ltd. is a
Qualified Person and has reviewed the technical content of this
press release. A significant proportion of Smash's technical team
formerly worked for Underworld Resources and were responsible for
the Golden Saddle discovery in 2008. The budget for the ongoing
exploration program has been increased from C$4.5M to C$5.4 million
which includes the planned core drilling.
A comprehensive QA/QC program is in place to monitor precision
and accuracy of the assay results. All soil and rock samples are
submitted with certified reference materials. Soil sample
duplicates are routinely collected, and pulp duplicates are
obtained for both soil and rock samples. Soil samples are analyzed
by Acme Analytical Laboratories Ltd. using an aqua regia digestion
and a 15 g charge for ridge and spur samples and a 30 g charge for
grid samples. Rock samples are analyzed by SGS Minerals Services.
Gold analyses are by fire assay using a 50 g charge and an atomic
absorption spectrometry finish. Gold assays greater than 3 g/t are
routinely re-assayed using a gravimetric finish to confirm initial
atomic absorption results. Both Acme and SGS laboratories are ISO
9001 accredited.
Additional information and maps displaying Smash Minerals'
prospective targets can be viewed on the company website at
www.smashminerals.com.
ON BEHALF OF THE BOARD
Adrian W. Fleming, CEO and Director
This press release includes "forward-looking statements"
including forecasts, estimates, expectations and objectives for
future operations that are subject to a number of assumptions,
risks and uncertainties, many of which are beyond the control of
Smash Minerals Corp. Statements regarding mineral exploration
operations and objectives are subject to risk, including, but are
not limited to, exploration and geologic risk, inflation and costs
of goods and services, property title issues and regulatory
approvals. Investors are cautioned that any such statements are not
guarantees of future performance and that actual results or
developments may differ materially from those projected in the
forward-looking statements. Such forward-looking information
represents management's best judgment based on information
currently available. No forward-looking statement can be guaranteed
and actual future results may vary materially. Smash Minerals Corp.
does not assume the obligation to update any forward-looking
statement, except as required by applicable law.
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. Dwane Brosseau Investor Relations
604-662-3380 or Toll Free: 1-855-237-6274 info@smashminerals.com
www.smashminerals.com
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