International Samuel Exploration Completes Phase 1 Geophysical Survey on Golden-Triangle Property
International Samuel Exploration Corp. (TSX-V: ISS OTC: ISSFD FSE: RFC3) (the “Company” or “International Samuel”) is pleased to report the completion of its Phase 1 Ground geophysical Induced Polarization (“IP”) survey at the LGM Property (the consolidated property of Lucifer, Grizzly and Micky Davis Properties, “LGM” or the “Property”) located in the heart of the Golden Triangle, British Columbia. Figure 1: International Samuel Exploration holds 26,771 hectares of prime golden triangle ground surrounded by Aben Resources, Golden Ridge Resources, Evrim/Antofagasta & Teck Resources (To view the graphic in its original size, please click here)
The geophysics contractor, Peter E. Walcott and Associates, completed the Phase 1 survey which focused on a high-priority target on the expansive 26,771 hectares which was consolidated last year. The IP survey on the Lucifer target area consisted of two lines, 500 apart and 750 metres and 950 metres long respectively.
The Company’s technical team has already reviewed the IP survey data (see Figure 2) and have agreed to implement additional lines of IP across the Lucifer anomaly. The additional lines of IP are designed to further increase the resolution of the already acquired geophysical data. A total of 3 IP survey lines have been planned; one line will infill between the first two lines, while the other two lines will expand the zone 500 metres to the west.
Figure 2: Lucifer Property map displaying historic gold-in-soil anomalies, red lines indicating the completed IP survey lines and green lines displaying proposed IP survey lines (To view the graphic in its original size, please click here)
Three-hundred seventy-six (376) soil samples were taken to test an Aster anomaly that expands over the complete-known size of the Lucifer zone to the northeast. All samples have been sent to Actlabs - Kamloops for analysis. An anomaly recently ‘identified’ which is located near the north east corner of the LGM property, and 6km southeast of Golden Ridge Corps. Hank property, will have exploration screw on the ground this week.
International Samuel’s President and CEO Conrad Swanson stated, “We are excited to have commenced the LGM Properties initial work program. Last year we successfully acquired and consolidated a very large and highly-prospective Golden Triangle project directly adjoining Golden Ridge Resources, Aben Resources, Evrim/Antofagasta & Teck Resources. The Golden Triangle region has been re-established as BC’s pre-eminent exploration and mining district with several new mines in production and the abundance of new geologic theories. We want to congratulate our neighbours Golden Ridge & Aben for their recent success of their two new discoveries. This demonstrates the opportunity not only the region has of new discoveries but of the potential we have at International Samuel. We are looking forward to potentially unlocking this in short order.”
Lucifer Property Details
Previous exploration work done by Noranda (1990-91) identified a 400-metre-wide, 1.2 kilometre-long, north-northeast-trending zone of hydrothermal alteration associated with strongly elevated gold concentrations and base metal soil geochemical anomalies at the Lucifer. The British Columbia Ministry of Mines Minfile database documents two shallow drill holes were completed in 1991, which reportedly intersected 15.1 grams per tonne gold over 1.36 metres and 0.7 grams per tonne gold over 5.70 metres. In addition to the mapped alteration zone and strong soil geochemical anomalies, Noranda identified multiple strong gold-in-stream anomalies in the central part of the Lucifer property, which have not been followed up.
Technical disclosure in this news release has been reviewed and approved by the Company’s Vice President of Exploration, Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
“Conrad Swanson”
Conrad Swanson
President and CEO
For further information, please contact:
International Samuel Exploration Corp.
Telephone: 604-317-3090
Email: international@samuelexploration.com
www.internationalsamuelexploration.com
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.
Forward-looking information
Certain statements in this news release constitute “forward-looking” statements. These statements relate to future events or the Company’s future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
Source: International Samuel Exploration Corp. (TSX Venture:ISS, OTC Bulletin Board:ISSFD)