LAVAL, QC, Sept. 20 /CNW/ - Stellar Pacific Ventures Ltd. (SPX) is
pleased to announce the acquisition of 100% interest in 95 Claims covering
1,520 hectares located in the North Western Quebec's Urban and Barry
townships. The 95 claims property is located 100 kilometres east of Lebel Sur
Quevillon where significant results has been obtained by Noront Resources
(NOT) recently. In December 1, 2006, Noront announced the results of three
gold assays testing 1792.9 g/t, 800.1 g/t and 1327.9 g/t Au over 4.8 meters.
This area is well known for its gold potential, and the company is very
pleased with this acquisition adding another attractive property to its
portfolio. The company is earning 100% interest in the 95 claims by paying
$25,000 and issuing 500,000 shares of the company to a prospector.
Furthermore, the company has completed the ground magnetic survey on its
Stellar-Urban property which revealed a moderate to strong magnetic relief
dominated by the presence of several narrow E.NE-W.SW to E-W zones of magnetic
high of 500 to 2 500 nT likely criss-crossed by several interpreted structural
lineaments.(Pierre Boileau Eng report dated September 2007).
The company is very pleased with the announcement made by Vantex
Resources inc (VTX) and Aurizon Mines Ltd (ARZ) in which Aurizon Mines intent
to acquire Vantex's 75% interest in Heva property (See press release dated
September 13, 2007). Stellar Pacific Ventures hold 25% interest in the above
Please note that the company has moved his head office from Laval to
Montreal in order to be more efficient with proximities of business
activities. The head office in now located at: 1155 University suite 812
Montreal Quebec Canada H3B 3A7.
Stellar Pacific Venture Inc. is a junior mining exploration company
listed on the TSX-V whose primary objective is to develop and bring into
production viable gold deposits.
The TSX Venture Exchange has in no way passed on the merits of the
proposed transaction and has neither approved or disapproved the contents
of this press release.
For further information:
For further information: Michel Lemay, Stellar Pacific's office in
Montreal, (514) 866-6299