Supreme Resources Ltd. - Excellent results from Titan 24 survey
Trading Symbol: SPR - TSXV
COQUITLAM, BC,
Supreme has a large claim (1306 hectares) under option from
An Interpretation Report by Quantech Geoscience Ltd. has recently been received describing a Titan 24 Deep Earth Imaging Survey completed earlier in the summer.
A Titan-24 survey was carried out over the TAS project area, British Columbia,
Three lines were surveyed in the optioned claim and two lines in the claims to the south (Belgie Creek area) The data were inverted using 2D inversion algorithms to produce maps and sections showing resistivity and chargeability of the subsurface. The primary objective of the geophysical surveys was to locate potential copper mineralization targets to a depth of 750 m in the TAS claims area which could potentially be related to the mineralization found at the Copper Mountain mine, located adjacent to the TAS project.
Results
Results of the surveys are summarized from the Interpretation Report by A. Verweerd
Northern area: The resistivity surveys on the northern lines show a conductive overburden of approximately 100 m thickness. However, The chargeability models of the northern group of lines show a large highly chargeable feature in the southern extent of all three lines, potentially outcropping on the west and dipping towards the north-east. A succession of north dipping fault-like features is also suggested, separating isolated chargeability features.
Southern Area: The two southern lines also show an extensive chargeability high in the southern portion of the lines, and the north dipping fault-like features. The northern portion of the lines only shows a very limited chargeability response. The resistivity observed on these lines is slightly higher than in the northern group and also shows the north dipping features.
Based on a review of the past geochemical and geophysical surveys, the present Titan 24 north anomaly covers some of the 1997 Copper geochemical anomalies and the 1997 IP anomalies.
The northern Titan 24 anomaly and associated geochemical anomalies are approximately 2000-2500 meters southeast of the Oriole deposit of Copper Mountain Mining Corp, where a small historical and non compliant resource has been further explored, with intercepts up to 131 feet grading 1.44% Cu Eq.Drill (hole OL-07) and 119 feet of 2.31% Cu Eq innearby OL-17.
There is little historical information for the southern Titan 24 anomaly near Belgie Creek which covers 1000 meters on one line (683100 E) and almost 2000 meters on the adjacent line (682100 E).
Recommendations
Based on the 2 dimensional data inversion results, a total of 27 potential targets were picked by Quantec. Of these, 4 targets were surface anomalies that potentially could be explored by trenching.
The 23 sub-surface potential drill targets are prioritized as High, Medium, and Low, based on their chargeability values, resistivity regime, size and depth below the surface. In total twelve (12) targets are classified as high priority, to be followed-up by a diamond drilling campaign or trenching (where anomalies reach the surface). Nine (9) anomalies are of medium priority and seven (7) are low priority targets.
Based on the success in the surveys, Supreme has acquired additional ground in the area by staking.
Supreme has obtained the necessary permits to commence a seven-hole Phase 1 diamond drill program on the two high priority target areas. The IP data is suggestive of porphyry style mineralization, which potentially could be related or similar to the various mineralized zones on the nearby Copper Mountain claims. Such potential cannot be quantified and only be verified by the planned drill program.
Supreme Resources Ltd. is a public, junior gold and base metal exploration company with two properties in southwest British Columbia: the TAS Project, in the Copper Mountain area, Princeton BC., and the Ample-Goldmax (Gold) Property located in the Lillooet area.
The 100%-owned Ample-Goldmax Property is host to several known mineralized zones with gold grades ranging from trace to more than 2.0 ounces per tonne (66.34g/t) Au in quartz veins. Prior drilling results on the property by Homestake Mining included an 8.2 meter intersection grading 11.76g/t Au. Supreme's 2008 drill intercepts included 11.39g/t Au across 0.13m and 5.91g/t Au across 8.53m. Visible gold was observed in several drill holes (see news release dated
This press release has been reviewed by independent consultant and Qualified Person
Further news will be forthcoming in the near future.
ON BEHALF OF THE BOARD "Allan Levien" ------------------------- Allan Levien President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.
For further information: For further information: Allan Levien, (604) 941-3716, [email protected]
Share this article