Second Mineralized Zone Announced in Phase 1 Regolith Sampling Returning Gold Grades to 127 g/t From Selected Samples
HALIFAX, Jan. 30, 2014 /CNW/ - Stockport Exploration Inc. (TSX: SPT) (OTC: LMTCF) is announcing sampling results from the second of five zones as part of its Phase 1 regolith sampling program at the SPL 214 license from within the Company's 2,020 km2 Kenyan concessions.
The second target, Ahero, is located 500 meters to the north of the first announced target, Kasidho (see news release January 8th 2014). Currently Ahero is defined by anomalous gold results over a surface area measuring approximately 550m x 400m. The company completed 44 sampling pits in the Ahero area, and similar to the previous Phase 1 sampling at Kasidho, targeted quartz rubble bands within the regolith that range in measured true thickness from 0.1m to 1.0m. Individual samples from within pits containing a quartz rubble band were sampled over an average interval length of 0.2m. Quartz rubble material at Ahero has been logged at a density of 3% - 60% and presents as rounded, sub rounded and angular quartz. Highlighted samples returned gold values of 127.2 g/t, 95.3 g/t, 31.4 g/t and 16.2 g/t. A table of significant Ahero sampling results appears below.
"We are very pleased with the continued results we are seeing from our Phase 1 sampling program", said Jim Megann Stockport Exploration President and CEO. "Ahero represent a significant target for us in both in terms of surface dimension and potential grade. Our sampling work in Phase 1 is currently focused on a total of 5 target areas on the SPL 214 concession, as well as potentially expanding the Ahero target announced today".
The Company is currently undertaking a two-phased exploration program. Phase 1 consists of sampling, metallurgy, and procurement of access and environmental approvals. The Company is assessing SPL 214's potential to support a small-scale surface mining operation. Based on results from Phase 1, a Phase 2 program may establish a small-scale mining operation.
Project sampling protocols include sampling of bedrock, where exposed, as well as the quartz rubble zones that occur within overlying regolith. Bedrock samples typically consist of continuous chip samples of exposed outcroppings of quartz veins or associated wallrock. Quartz rubble samples are typically collected as aggregates of coarse material from specific intervals or horizons exposed within hand-dug pits that measure up to 2 metres in total depth.
Stockport intends to continue Phase 1 evaluation of SPL 214 and expects to determine if the Company will proceed to Phase 2 work program in 2014.
Significant Ahero Assay Results
|307666||677853||9922635||1||quartz rubble picked randomly from pit-with V.G||95.3**|
|307741||677765||9923571||2-3||quartz vein fragments||31.45|
|307747||677765||9923570||2-3||quartz rubble over 0.22m||4.13|
|307742||677614||9923480||4-3||quartz rubble over 0.07m||16.29|
|307743||677570||9923654||5-3||quartz rubble over 0.22m, mainly subangular and angular||1.87|
|307624||677550||9923200||6||duplicate of 307624||9.15|
|307745||677615||9923523||7-3||quartz rubble trapped in laterite over 0.36m followed by quartz rubble over 0.42m with less laterite.||1.9|
|307656||677853||9922635||11||quartz rubble held by laterite||2.84|
|307658||677853||9922635||11||quartz rubble held by laterite||1.65|
|307667||677853||9922635||11||large subangular boulder from pit-with V.G||127.26**|
|307305||677649||9923543||n/a||rock sample, Qv in artisanal working||7.2|
Notes: * UTM Coordination - Arc 1960 Zone 36S Datum; ** Fire assay screen metallics preparation; VG denotes visible gold
About Stockport Exploration Inc.:
Stockport is focused on the exploration of a district-scale land package along a prolific gold-hosting greenstone belt in southwest Kenya. The 2,020 km2 property package has potential to host various mineral deposit types, the most prominent being those of Lode-Gold and Copper-Zinc-Gold-Silver massive sulphide association. Stockport also holds the La Morena Copper-Silver property in Coahuila, Mexico, the Seymour Lake Tantalum-Lithium-Beryllium property near Armstrong, Ontario, and the KM61 property, which hosts a National Instrument 43-101 compliant Molybdenum-Copper-Silver resource, also near Armstrong, Ontario.
This press release was prepared under the supervision of Peter Webster, P. Geo., who is President of Mercator Geological Services Limited and a Qualified Person as defined under National Instrument 43-101. Mr. Webster has visited SPL 214 and reviewed the scientific and technical information in this press release. Standards, duplicates and blanks were submitted by Stockport with the samples reported in this release for QA/QC monitoring purposes. Samples were stored in numbered, tamper-proof tagged gunny sacks at a locked building onsite prior to delivery by Company vehicles and drivers to an independent preparation facility in Kisumu. Analytical results reported in this press release were provided by either ALS Chemex Laboratories in Johannesburg, South Africa or Genalysis Laboratories in Johannesburg, South Africa or Perth, Australia. Samples were typically analyzed using standard preparation procedures followed by gold analysis by FA/AA methods. Screen metallics assay methods were used for selected samples that are noted in tabulation of results that appears in this press release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, continuity of mineralization, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. For more information on the Company and the risk factors inherent in its business, investors should review the Company's Annual Information Form at www.sedar.com
SOURCE Stockport Exploration Inc.For further information: