Venerable Ventures Ltd. Receives BC METC Payment of $184,996 and Completes Summer Exploration Program on the Trout Property
27.08.2014 | Marketwire
VANCOUVER, Aug 27, 2014 - Venerable Ventures Ltd. (TSX VENTURE:VLV) ("Venerable" or the "Company") is pleased to announce that it has received its British Columbia Mineral Exploration Tax Credit in the amount of $184,996 including interest. The Company has also completed its previously announced summer surface exploration program on the Trout Property including work on the additional two (2) claims totaling approximately 2,360 hectares that had been added to the property in May. The Trout Property now comprises of 24 mineral tenures with a total area of approximately 9,631 hectares. A total of eight new areas were examined that contain gold and co-incident multi-element till geochemical anomalies. A total of 43 geochemical samples were taken over four of the anomalies and various grab samples which have all been submitted to an accredited lab for analysis. Mineralization at the main Discovery Zone on the Trout Property is a low-sulphidation gold-silver epithermal system hosted by silica-adularia altered breccias in polymictic conglomerate and rhyodacite. At the main Discovery Zone, several new drill targets remain top priority for testing.
About the Company
Venerable Ventures Ltd. is a Canadian natural resource company engaged in the acquisition, exploration and development of mineral properties, with its primary focus on the Trout Property. The Trout Property is 65 km southwest of Vanderhoof, B.C. on the Nechako Plateau and covers an area of 9,631 hectares. The Property is approximately 40 km NNE of NewGold's Blackwater Project.
Technical information in this news release has been reviewed and approved by Jim Cuttle P.Geo a Qualified Person as defined in NI 43-101. For more information see the Company's technical report entitled "Technical Report: Trout Property" dated March 23, 2011, available on SEDAR at www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF VENERABLE VENTURES LTD.
Ryan Sharp
President and CEO
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 release.
Contact
Venerable Ventures Ltd.
Ryan Sharp, President and CEO
(604) 647-0146