Smash Minerals Corp.: First Drilling at Whiskey Property Identifies Anomalous Gold in Several Target Areas
October 20 2011 - 10:27AM
Marketwired
Smash Minerals Corp. (the "Company" or "Smash") (TSX VENTURE:SSH)
reports that assay results have been received for all drill core
samples from the recently completed drill program on its 100
percent owned Whiskey Gold Property (the "Property") located in the
White Gold District of west-central Yukon Territory, Canada. The
Property encompasses 846 square kilometres (4,177 claims) and
includes the placer gold-rich Black Hills and Barker Creeks.
Summary
The 2011 drill program, which ended on September 17th,
represents the first diamond drilling ever completed on the
Property. The drilling was focused in the northeast part of the
Property and encompassed eight drill holes for a total of 1,665
metres in four target zones (Bushmills, Ben Nevis, Glen Breton, and
Bowmore). All drill holes were sampled continuously from top to
bottom. Each sample represents a 2-meter interval of halved
NTW-sized (56 millimeter diameter) drill core except where major
changes in lithology, alteration, or sulphide mineralization
dictated shorter intervals. Anomalous gold values identified during
this first drill program provide support to the interpretations by
Smash's technical team that the alteration and mineralization along
these structures are part of a larger mineralized system that
remains to be fully discovered.
Upon receipt of the remainder of the 2011 geochemical results;
interpretation of the integrated soil dataset in concert with new
geological mapping results, radiometrics and magnetic data, and
grab, trench, and drill assays, additional high priority drill
targets are expected to be defined. For example, the recently
identified Stranahan's Zone (6.44 g/t Au grab sample; October 3,
2011), and the Highland Park and CC Zones remain untested and are
considered priority drill targets for the 2012 season.
Smash remains fully funded for its anticipated 2012 program of
exploration drilling and further sampling.
A discussion on the results of the 2011 drill program
follows:
Bushmills Zone
Four drill holes (WH11-03, WH11-04, WH11-05, and WH11-07) were
completed within the Bushmills Zone for a total of 854 metres.
These drill holes targeted a north trending sericite-quartz-pyrite
alteration zone within felsic orthogneiss that was outlined by
prospecting and trenching. All four drill holes intersected zones
of strongly silicified and sericitized felsic orthogneiss with
disseminated sulphide mineralization. Individual assay results from
these holes ranged from below detection limit to a high of 0.88 g/t
Au and from below detection limit to a high of 14.9 g/t Ag. From
198 to 201.7 metres downhole, drill hole WH11-05 returned a
weighted average of 0.47 g/t Au and 9.0 g/t Ag over 3.7 metres from
a pyrite and galena bearing quartz vein in strongly altered felsic
orthogneiss. Previously reported channel sample results from
trenching in this zone yielded an average of 0.40 g/t Au and 7.7
g/t Ag over six metres. In addition, two separate two-metre samples
returned 1.99 g/t Au and 6.18 g/t Ag and 1.56 g/t Au and 26.1 g/t
Ag.
Ben Nevis Zone
One drill hole (WH11-08) of 145 metres was completed within the
Ben Nevis Zone. This drill hole targeted a north-trending
alteration zone in felsic orthogneiss characterized by brecciated
quartz veins and sericite alteration. A 4.3 metre interval,
starting at 103.7 metres, returned individual assay values from
0.27 to 0.64 g/t Au and 8.7 to 20.3 g/t Ag which correspond to a
weighted average of 0.37 g/t Au and 15.1 g/t Ag. Previously
reported channel sample results from trenching across this zone
yielded an average of 0.21 g/t Au and 6.57 g/t Ag over 4 metres,
and 0.3 g/t Au and 11.4 g/t Ag over 4 metres in a separate interval
along strike.
Glen Breton Zone
One drill hole (WH11-06) of 180 metres length was completed at
the Glen Breton Zone. This hole targeted a north-trending
structural lineament coincident with brecciated quartz veins,
high-density stockwork quartz veinlets, and strong sericite
alteration of felsic orthogneiss at the contact with metasediments.
The drill rods became stuck at 180 metres within strongly altered
felsic orthogneiss and the drill hole was abandoned prior to
reaching the targeted felsic orthogneiss-metasediment contact. No
anomalous Au values were returned.
Bowmore Zone
At the Bowmore Zone, the intersection of northwest and east-west
trending structures coincident with a 1,400 meter strike length
gold in soil anomaly were tested by drilling two drillholes
(WH11-01 and WH11-02) for 492 metres. Nearby outcrops and trench
exposures are comprised of metagabbro with abundant quartz
veinlets. The drill holes intersected gabbro and pyroxenite with
brecciated zones consisting of gabbro and pyroxenite fragments
within a granitic matrix. These lithologies were cross cut by
millimetre and centimetre-scale quartz and quartz carbonate veins.
Assays values from the two holes ranged from below detection limit
to a high of 0.29 g/t Au in one 2 metre sample. Elevated gold
values correspond to intervals with 1 to 10 centimetre wide quartz
veins and 10 to 20 centimetre zones of increased ductile
deformation.
Sampling Summary
The 2011 soil sampling and prospecting program ended on October
17th and all personnel and equipment have been demobilized. From
late May to mid-October, a total of 1,819 surface grab samples and
1,295 2-metre trench samples were collected and all assay results
for these samples have been received. A total of 19,515 soil
samples were collected, including both ridge and spur, and grid
samples. Results are still pending for approximately 3,895 grid
soil samples. In addition, a total of 179 stream sediment samples
were collected. Results are pending for 76 stream sediment samples.
Approximately 70% of the 83 trenches (2.5 line kilometres of
trenching) cut during the 2011 program were reclaimed prior to
onset of winter weather conditions.
The exploration program is being directed by Adrian Fleming, CEO
and a director of Smash and formerly CEO of Underworld Resources
(now Kinross Gold Corp.). 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 was 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 rock, trench and drill core
samples are submitted with certified reference materials and 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.
SGS Minerals Services are ISO 9001 accredited.
Phil Smerchanski, P.Geo., Principal Consultant, Revelation
Geoscience Ltd. is a Qualified Person and has reviewed the
technical content of this press release.
Additional information and maps displaying Smash Minerals'
results to date and the identified drill 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:
1-855-237-6274info@smashminerals.comwww.smashminerals.com
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