VANCOUVER, BC / ACCESSWIRE / January 28, 2019 / International Samuel Exploration Corp. (TSXV:ISS) (the “Company”) announces that is has received the results from the maiden 2018 drilling at the Lucifer zone, on the LGM property in the prolific Golden Triangle.
Conrad Swanson, President of International Samuel, stated, “The results from our maiden program are encouraging. I am sure that Samuel is on the edge of a substantial system. There are numerous indications of a pervasive mineralized system in the area including Voigtberg, Hank, Grizzly and Lucifer showings. There is a massive 3-kilometre sericite-illite anomaly on the property, associated with geochemical anomalies. Our 2018 drill program has only scratched the surface.”
A total of three shallow exploratory diamond drill holes were completed, for a total of 508 metres, from a single drill pad (407105E, 6328522N). The drill program was design to test the geophysical survey induced polarization (IP) anomalies and coincident anomalous gold in soils results. See table below for assay results.
| DDH |
Dip |
AZ |
Total Depth m |
From m |
To m |
Length m |
Au ppb |
Ag ppm |
Cu ppm |
Mo ppm |
Co ppm |
|
LGM18-01 |
-90 |
213 |
43.5 |
44.5 |
1.0 |
716 |
0.3 |
100,0 |
4.0 |
21.1 |
|
|
LGM18-02 |
-45 |
280 |
178 |
14.0 |
15.0 |
1.0 |
1250 |
0.4 |
49.0 |
4.0 |
20.1 |
|
LGM18-02 |
-45 |
280 |
178 |
100.0 |
114.0 |
14.0 |
300 |
< 0.2 |
45.5 |
2.7 |
10.2 |
|
LGM18-02 |
-45 |
280 |
178 |
122.0 |
123.0 |
1.0 |
1210 |
< 0.2 |
34.0 |
7.0 |
13 |
True widths are unknown at this time, lengths (m) are the lengths of drill core sampled.
All drill core from the 2018 program at LGM Property was handled in a manner consistent with industry best practice standards by International Samuel Exploration Corp. All samples were subjected to a quality control procedure that ensured best practices in the handling, sampling, analysis and storage of the drill core. In this case, the procedure consisted of inserting blanks, and duplicates at a rate of one for every 10 samples, on a randomized basis. Each of the 360 individual samples typically represent 1 metre in drill core length. Half of the drill core is stored in core racks on the property for verification and reference purposes. While the other half of the core is labelled, bagged and sent to AGAT Laboratories for analysis (AGAT is an independent ISO 9001 and ISO/IEC 17025-certified lab). Gold is assayed by standard fire assay methods with 45 additional elements analyzed by induced coupled plasma (ICP) utilizing a four-acid digestion.
Our next target focus is the drill permitted 5,159 ha Williams Property in the Toodoogone trench area. The Williams Gold Property hosts two large targets: (1) the mesothermal gold ‘T-Bill’ prospect; and (2) the porphyry copper-gold-molybdenum ‘GIC’ prospect. The T-Bill prospect is a widespread alteration zone coincident with a large 1,200 m by 2,300 m gold in soil anomaly defined by gold values greater than 100 parts per billion (ppb). This prospect also contains gold-rich quartz veins, with locally visible gold. Historical drilling on a small segment of the anomaly (300 m by 300 m) intercepted 11 separate two-metre intervals with greater than 12 g/t gold. The best historical drill intersections included two metres of 24.8 g/t gold and two metres of 35.0 g/t gold. The mineralization occurs as multiple subparallel vein swarms that may have bulk mineable potential in addition to high-grade underground vein targets.
Technical disclosure in this news release has been reviewed and approved by International Samuel Exploration Corp.’s Vice President of Exploration, Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.
The Golden Triangle continues to yield impressive results including GT Gold Corp (01/09/2019) recent news release of 1,150 m of 0.62 g/t Au, 0.36% Cu, and 1.17 g/t Ag. The Golden Triangle region is host to several developed porphyry copper-gold deposits.
ON BEHALF OF THE BOARD OF DIRECTORS
“Conrad Swanson”
Conrad Swanson
Chairman
For further information, please contact:
International Samuel Exploration Corp.
Telephone: 604-317-3090
Email: [email protected]
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.
