Southampton Receives More Positive Results From Horden Lake Drilling
September 30 2008 - 2:47PM
Marketwired Canada
Southampton Ventures Inc. (TSX VENTURE:SV) ("Southampton") is pleased to report
new assay results from its previously announced 18,000 metre drill program on
its 95% owned Horden Lake Cu-Ni-PGE Property, located approximately 200 km
northwest of Matagami, Quebec. A total of 73 holes were drilled to delineate the
boundaries of the Horden Lake Cu-Ni-PGE deposit. The intention of the program is
to confirm previous drill records and tonnages as well as complete an NI 43-101
compliant resource estimate of the deposit.
Analytical results from HN0820, HN0822, HN0827, HN0832, HN0835, HN0840, HN0842,
HN0851, and HN0857 are stated in the table below:
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Hole From To Length (m) Cu (%) Ni (%) g Au/t g Pt/t g Pd/t
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HN0820 90.00 97.00 7.00 1.09 0.44 0.10 0.06 0.27
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HN0822 141.00 142.00 1.00 1.43 0.35 0.08 0.06 0.23
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and 155.10 163.00 7.90 1.16 0.52 0.09 0.06 0.39
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HN0827 46.00 47.00 1.00 0.683 0.018 1.029 0.205 0.390
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and 70.50 72.50 2.00 1.357 0.436 1.200 0.140 0.510
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HN0832 303.30 322.95 19.65 0.94 0.15 0.20 0.04 0.16
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incl. 312.00 314.00 2.00 1.50 0.16 0.20 0.04 0.26
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incl. 321.00 322.05 1.05 7.05 0.33 1.36 0.16 0.27
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HN0835 98.50 99.00 0.50 1.285 0.025 0.234 0.015 0.037
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and 130.00 133.50 3.50 4.466 0.285 0.914 0.166 0.376
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HN0840 342.55 344.75 2.20 1.539 0.461 0.084 0.095 0.324
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HN0842 108.40 109.40 1.00 0.769 0.652 0.087 0.060 0.488
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and 110.40 111.00 0.06 2.160 0.187 0.074 0.033 0.181
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HN0851 246.00 260.00 14.00 0.50 0.09 0.16 0.03 0.09
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HN0857 153.00 180.27 27.27 0.50 0.19 0.08 0.03 0.16
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incl. 157.00 159.00 2.00 0.98 0.17 0.16 0.03 0.11
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incl. 177.00 180.27 3.27 0.99 0.38 0.16 0.03 0.42
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Individual samples were split, labelled, placed and sealed in plastic sample
bags. Groups of samples were then placed into durable rice bags and secured by
project security tags for shipping. The samples were delivered via bonded
carrier to Laboratoire Expert 's sample preparation facility in Rouyn-Noranda,
Quebec. A total of 6557 half core samples and 735 QA/QC samples were sent to
Laboratoire Expert for fire assay analysis. After the fire assay analysis was
completed, sample pulps were sent to Activation Laboratories Ltd. (Ancaster,
Ontario) for ICP analysis. The final batch of samples from the Phase I program
were sent to Laboratoire Expert April 30, 2008. The final set of fire assay
results were delivered by Laboratoire Expert September 18, 2008. The majority of
analyses have now been completed - 119 ICP and 74 overrun analyses remain
outstanding.
The current work program is being carried out by Caracle Creek International
Consulting Inc. ("CCIC"), of Sudbury, Ontario, under the supervision of Mr. Iain
Kelso, P.Geo., a geologist with CCIC and Qualified Person under NI 43-101.
ABOUT SOUTHAMPTON VENTURES
Southampton Ventures is a mineral exploration company concentrating its efforts
in the aggregation and cultivation of base metal mining projects. Southampton's
mandate is to assemble advanced exploration properties and existing proven,
indicated and probable resources that can be evolved through to bankable
feasibility and economic production. Its current projects include its Horden
Lake Copper-Nickel-PGE Deposit in Quebec; its option to earn up to a 100%
interest in the Devonian shale hosted nickel-molybdenum-zinc-platinum group
elements property known as the NiMo Project located in the Yukon, the Company's
recent option on 12 claim blocks (6720 acres) with Noront on a mineral rich
property in the McFaulds Lake 'Ring of Fire' 25 kilometres Northeast of the
Eagle One Discovery and its Nigerien uranium concessions.
Caution Regarding Forward-Looking Statements
From time to time, Southampton makes written or oral forward-looking statements
within the meaning of certain securities laws, including the "safe harbor"
provisions of the Ontario Securities Act and the United States Private
Securities Litigation Reform Act of 1995. Southampton may make such statements
in this press release, in other filings with Canadian regulators, in reports to
shareholders or in other communications. These forward-looking statements
include, among others, statements with respect to Southampton's objectives for
the ensuing year, our medium and long-term goals, and strategies to achieve
those objectives and goals, as well as statements with respect to our beliefs,
plans, objectives, expectations, anticipations, estimates and intentions. The
words "may," "could," "should," "would," "suspect," "outlook," "believe,"
"plan," "anticipate," "estimate," "expect," "intend," and words and expressions
of similar import are intended to identify forward-looking statements.
In particular, statements regarding Southampton's future operations, future
exploration and development activities or other development plans contain
forward-looking statements. All forward-looking statements and information are
based on Southampton's current beliefs as well as assumptions made by and
information currently available to Southampton concerning anticipated financial
performance, business prospects, strategies, regulatory developments,
development plans, exploration, development and mining activities and
commitments. Although management considers these assumptions to be reasonable
based on information currently available to it, they may prove to be incorrect.
By their very nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and risks exist that predictions,
forecasts, projections and other forward-looking statements will not be
achieved. We caution readers not to place undue reliance on these statements as
a number of important factors could cause the actual results to differ
materially from the beliefs, plans, objectives, expectations, anticipations,
estimates and intentions expressed in such forward-looking statements. These
factors include, but are not limited to, developments in world gold markets,
risks relating to fluctuations in the Canadian dollar and other currencies
relative to the US dollar, changes in exploration, development or mining plans
due to exploration results and changing budget priorities of Southampton or its
joint venture partners; the effects of competition in the markets in which
Southampton operates; the impact of changes in the laws and regulations
regulating mining exploration and development; judicial or regulatory judgments
and legal proceedings; operational and infrastructure risks and the additional
risks described in Southampton's most recently filed annual and interim MD&A and
Southampton's anticipation of and success in managing the foregoing risks.
Southampton cautions that the foregoing list of factors that may affect future
results is not exhaustive. When relying on our forward-looking statements to
make decisions with respect to Southampton, investors and others should
carefully consider the foregoing factors and other uncertainties and potential
events. Southampton does not undertake to update any forward-looking statement,
whether written or oral, that may be made from time to time by Southampton or on
our behalf.