HALIFAX, Nov. 27, 2012 /CNW/ - Stockport Exploration Inc. (TSX: SPT) (OTC: LMTCF) is pleased to announce sampling and mapping results from recent activities at 'Zone 1' of the '258 Central' target, located within the company's 2,020 km2 Kenyan property package.
Assay results for eighteen samples were recently returned from the 'Zone 1' area. All samples were anomalous in gold, with 17 of the 18 samples returning over 1.0 gram per tonne (g/t) gold, and five samples returning over 12 g/t gold. Samples were taken from either float, chipped across quartz vein widths exposed at surface, or obtained from material uncovered by artisanal workings over a 2.0 km x 550 metre area along a dominant northwest strike. The thickness of vein samples ranged from 0.1 to 1.0 metres and is thought to represent true thickness of the individual veins sampled. More detailed mapping and sampling is planned to better define the relationship between true thickness and vein thickness. Secondary cross-structure veining was also observed, perpendicular to the northwest strike.
All samples were taken within a 2.5 km x 700 metre structural corridor that is defined by a strong resistivity response from the gradient array IP survey. The structural corridor occurs within dacitic rocks along a contact with diorite porphyry and quartz porphyry. Quartz vein structural measurements show a primary vein orientation trend of 120 to 140 degrees and a secondary cross vein trend of between 020 to 040 degrees. Primary vein dips are 040-070 degrees to the west and secondary veins primarily dip 60 to 70 degrees to the northwest. The structural corridor outlined by the resistivity anomaly also correlates with a gold-in-soil anomaly.
"What we are seeing from Zone 1 on our 258 Central target is a case where gold-bearing quartz veins, geophysics and anomalous gold-in-soil results are all defining the same geological-structural corridor over a length of at least 2 kilometres", said Jim Megann, President and CEO of Stockport Exploration. "These results have defined a large mineralized structure that constitutes a strong vector for ongoing exploration. It is rare to see all samples from such a large area return such strong gold grades."
|Sample #||Easting||Northing||Strike||Dip||Vein Thickness||Au g/t|
Stockport intends to expand its work program in the Zone 1 area of the 258 Central target to include re-analysis of existing Pole-Dipole IP (PDP) data, and further detailed mapping, sampling and trenching.
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 the potential to host multiple mineral deposits, including Lode-Au and Cu-Zn-Au-Ag massive sulphide types. 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 43-101 Compliant Molybdenum-Copper-Silver Resource, also near Armstrong, Ontario.
This press release was prepared under the supervision of Peter Webster, M.Sc., P.Geo., who is President of Mercator Geological Services Limited and a Qualified Person as defined under National Instrument 43-101. Mr. Webster has reviewed the scientific and technical information in this press release. Standards, duplicates and blanks are submitted with the samples for QA/QC monitoring. Samples are stored in a locked building onsite, and delivered to the prep-lab in Kisumu by Company vehicles and drivers, in numbered, tamper-proof tagged gunny sacks. Assays reported were performed by ALS Chemex Laboratories in Johannesburg, South Africa and Genalysis Laboratories in Johannesburg, South Africa or Perth, Australia.
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. The likelihood of future mining at the Nyanza Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including obtaining necessary mining and construction permits, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for pits and processing facilities as well as receipt of significant additional financing to fund these objectives, as well as funding mine construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is no known ore at the Nyanza Project and there is no assurance that the mineralization at the Nyanza Project will ever be classified as ore. 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.