Smash Minerals: Geophysics Survey Completed, Grab Samples Return up to 17.2 g/t Gold, Drilling to Commence Shortly
11 August 2011 - 2:30PM
Marketwired
Smash Minerals Corp. (the "Company" or "Smash") (TSX VENTURE: SSH)
is undertaking a vigorous exploration program on 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.
Aeromagnetic / Radiometric Survey
A property-wide 10,616 line-kilometre magnetic and radiometric
helicopter geophysical survey at 100 metre line spacing was
completed at the end of July. Final magnetic products have been
received from the contractor Precision Geosurveys. Preliminary
radiometric products have been supplied, and final processing will
be completed within the next month. Geological interpretation of
this data by the project team has identified a number of
regional-scale east-west and north-northwest trending structures.
Several intersections of these structures coincide with
multi-element geochemical anomalies defined by ridge and grid soil
sampling and rock grab sampling. The geophysical data have also
been used to refine lithologic contact locations and outline zones
of hydrothermal alteration.
Sampling Program
Smash has continued to collect grid soil samples, rock grab
samples, and trench samples. An additional 3,029 grid soil samples
have been collected since last public reporting (see News Release
dated July, 5, 2011), bringing the 2011 season total to 6,537
samples with 3,373 assays received to date. GroundTruth Exploration
completed a ridge and spur and grid soil sampling program in early
June totalling 4,406 samples with all assay results received. A
total of 1,180 rock grab and chip samples have been collected with
856 assay results received. An aggressive trenching program has
focused on gold and pathfinder element anomalies in both rock and
soil. A total of 1,292 line metres of trenching have been completed
with 810 channel samples taken with 451 assays returned to date. A
stream sediment sampling program over the property, comprising 101
samples, was completed in early June. This program highlighted
several new target areas with anomalous gold in silt values up to
48 ppb. Total sampling expected to be completed by the end of the
2011 summer work program includes 15,000 grid soil samples, 2,500
trench channel samples, 2,000 rock grab samples, and 150 stream
sediment samples. Since work started on the Whiskey project in
2010, 18,470 soil samples have been collected to date. Smash is
expecting to have collected a total of 26,000 soil samples by the
end of the 2011 season. This extensive geochemical program
supported by helicopter geophysics, prospecting and geological
mapping has already identified targets of interest.
At the Bowmore zone, located in the northeast portion of the
property, grid soil sampling has extended the strong gold in soil
anomalies and more clearly delineated a mineralized structure. High
gold values in soil samples from the area range from 25 to 319 ppb
including highs of 114 and 319 ppb. The zone extends for 1,400
metres strike length along a north-northwest trend and is hosted in
meta-gabbro and hornblende gneiss with cross cutting
epithermal-style quartz veins adjacent to the lithologic contact
with meta-sedimentary rocks. The recently acquired magnetic data
have revealed that the main north-northwest structure is
intersected by secondary east-west trending structures in this
zone.
Five kilometres south of the Bowmore zone, along the same
north-northwest structural trend, the CC zone, hosted in
meta-gabbro and hornblende gneiss with epithermal-style quartz
veins returned 271 ppb gold in soil. Follow-up rock sampling
returned gold values from detection limit to 1.0, 1.6, 5.8
(previously reported), and 6.6 g/t gold. Trenching across these
anomalies returned a high of 1.3 g/t over 2 metres. Further
geological mapping to define the controls on this alteration is
ongoing.
Recent work along the 6 kilometre north-northwest structural
trend between the CC zone and the Bowmore zone has returned assays
from detection limit up to 17.2 g/t gold in rock grab samples. Grid
soil samples over interpreted structures cutting the lithologic
contacts of the meta-gabbro and meta-sedimentary rocks have
returned values up to 389 ppb gold. Further geologic mapping and
soil sampling is continuing in this region.
Geological mapping has identified a major alteration zone in the
north east sector of the property. It is defined by intersections
of brittle fault zones and epithermal-style mineralization in
felsic orthogneiss. This zone of alteration along structures has
been outlined by geological mapping and pathfinder element soil
geochemistry and airborne geophysics over an area of greater than
12km2. Within this zone, trenching over mineralized rock grab
samples at the Bushmills prospect has uncovered a significant
sercite - quartz - pyrite alteration zone at the intersection of an
east-west fault and a north-northwest trending structural fabric
within felsic orthogneiss. Anomalous gold values up to 1.3 g/t and
a distinct pathfinder element anomaly (silver, lead, molybdenum,
bismuth, and tellurium) define this zone. Trenching and detailed
mapping is ongoing at Bushmills.
Three other target areas have recently returned significant gold
values in rock grab samples related to fault controlled alteration
in felsic orthogneiss. Values for these three samples were 2.4 g/t
gold with 41 g/t silver; 1.1 g/t gold with 14 g/t silver; and 2.2
g/t gold with greater than 10 g/t silver. Work is ongoing in these
target areas.
Drill Program
On the basis of results obtained to date, several targets have
been prioritised to be tested by core drilling. The first drilling
will be undertaken on the Bowmore and Bushmills targets. A 3,000
metre diamond drill program by Kluane Drilling of Whitehorse is
scheduled to begin shortly.
The exploration program is being directed by Adrian Fleming, CEO
and Director of Smash and formerly CEO of Underworld Resources (now
Kinross Gold). Overall technical guidance for the program including
specialist expertise in geology, geochemistry, and geophysics is
being provided by Revelation Geoscience. A significant proportion
of Smash's technical team formerly worked for Underworld Resources
and were responsible for the first discovery in the White Gold
District, Yukon, being the Golden Saddle discovery in 2008.
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'
results to date and the two identified drill targets can be viewed
on the company website at www.smashminerals.com.
Phil Smerchanski, P.Geo., Principal Consultant - Geology,
Revelation Geoscience Ltd., is a Qualified Person and has reviewed
the technical content of this press release.
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.
Contacts: Smash Minerals Corp. Dwane Brosseau Investor Relations
604-662-3380 or Toll Free: 1-855-237-6274
info@smashminerals.com
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