Buckingham Exploration Inc. delivers update on its Dome property.

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 "Property").

Dome Property

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 proposed.

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.

Forward-looking Statements:

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

Profil de l'entreprise

Buckingham Exploration Inc.

Renseignements sur cet organisme


Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .


Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.


Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.