CANON CITY, CO, Feb. 16 /CNW/ - Buckingham Exploration Inc.
("Buckingham") (OTCBB: BUKX) announced today that it had carried out
mapping and exploration on its optioned Dome Property Mineral Claims in
the Beaverdell Mining Camp, near Penticton, British Columbia (the
The Property is comprised of sixteen mineral claims covering
approximately 360 hectares (890 acres), located four (4) kilometers
southeast of Beaverdell, B.C. in the heart of the historic Beaverdell
Mining Camp. The mineralization occurs in easterly or northeasterly
shears in quartz diorites or granodiorites of the Nelson intrusives.
The sulphides consist primarily of pyrite, galena and sphalerite with
some silver sulphides in a gange of quartz and calcite. The
mineralization of the shear zones is classified as mesothermal, and
interpreted as directly related to the emplacement of the nearby quartz
monzonites of the Cretaceous Valhalla intrusive suite. The Dome
Project Mineral claims cover the historic workings of the Nepanee
Prospect that was worked intermittently for gold and silver between
1904 to 1935. In more recent years, sulphide mineralization including
galena and sphalerite has been located near the old workings.
The Property is easily accessible by a network of well maintained
logging roads and has a major power line traversing the Project.
Buckingham's 2010 exploration program was designed to evaluate all of
the mineralized shear zones that cross the Dome property in order to
delineate favourable drill targets. The objective was to map as much of
the property as possible at a scale of 1:2500 with GPS control. Areas
of previous mapping were re-examined and tied-in to the GPS grid. All
sixteen Dome mineral claims were mapped, but total coverage on all of
the mineral claims was not completed before the winter snow. The most
important historical workings (adits, shafts and pits) were tied-in to
the current mapping grid, as were several old drill holes. Three
dominant shear zones cutting through the Nelson granodiortie that
project, on to the western side of the Dome property from neighbouring
properties, were evaluated and a drill program for the ensuing year
A widespread sandstone unit within the Tertiary sediments that cover the
eastern portion of the Dome property was identified. The sandstone is
light tan to off-white. It is well indurated,very durable and slabs
off with clean breaks 1 to 3 cm apart. The sandstone occurs on, or
near, surface over an area of at least one square kilometer and will be
examined for possible economic value.
Field work was carried out by Murray Morrison and Paul D. Gray, P.Geo is
the qualified person with respect to the company's Canadian properties
and has reviewed and accepted these statements.
Buckingham continues to maintain its office and coordinate its
operations from its head office in Canon City, Colorado and intends to
acquire further properties. However, there can be no assurance that
further properties will be acquired. Please visit Buckingham's website
at www.buckinghamexploration.com to view updated information with regards to the company's activities
and to subscribe to receive news releases automatically by email.
About Buckingham Exploration Inc.:
Buckingham Exploration is an exploration stage company whose principal
business is the acquisition and exploration of mineral resources.
Information about the business of the company can be found in its
filings with securities regulatory authorities.
This press release may contain forward-looking statements that involve
risks and uncertainties. These statements relate to future events or
our future financial performance. In some cases, you can identify
forward-looking statements by terminology including "could", "may",
"will", "should", "expect", "plan", "anticipate", "believe",
"estimate", "predict", "potential" and the negative of these terms or
other comparable terminology. While these forward-looking statements,
and any assumptions upon which they are based, are made in good faith
and reflect our current judgment regarding the direction of our
business, actual results will almost always vary, sometimes materially,
from any estimates, predictions, projections, assumptions or other
future performance suggested in this report. Except as required by
applicable law, we do not intend to update any of the forward-looking
statements so as to conform these statements to actual results.
Investors should refer to the risks disclosed in the Company's reports
filed from time to time with the Securities and Exchange Commission and
available at www.sec.gov.
SOURCE Buckingham Exploration Inc.
For further information:
please contact Mr. Robin Relph, a director, at 604-737-0203