HALIFAX, July 30, 2014 /CNW/ - Stockport Exploration Inc. (TSX: SPT) (OTC: LMTCF) is announcing the findings of the tailings sampling results from its Phase 1 sampling program at the SPL 214 license from within the Company's 2,020 km2 Kenyan concessions. Results showed an average tailings sample yielding 2.69 g/t gold with a high of 5.15 g/t gold and a low of 1.15 g/t gold.
Local artisanal miners extract gold from quartz rubble generated from near-surface quartz veins. Currently, artisanal miners use an unsophisticated small ball crusher and water-based gravity sluice process to remove the gold from the tailings; using this rudimentary method leaves gold behind. Stockport plans to process the tailings left behind by the artisanal miners using more sophisticated methods to extract additional gold from the quartz.
Currently, Stockport has collected a total of 82 samples from six target sites; the company has not compiled the volume of tailings at this time. Stockport plans to use the tailings in a small-scale recovery plan, which is targeted to begin later this year. Jim Megann, Stockport Exploration President and CEO, commented, "Stockport intends to begin operation of a small-scale mining program later this year. Tailings material will be utilized to augment the near-surface quartz rubble material, which is the primary target of the mining program."
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 potential to host various mineral deposit types, the most prominent being those of Lode-Gold and Copper-Zinc-Gold-Silver massive sulphide association. 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 National Instrument 43-101 compliant Molybdenum-Copper-Silver resource, also near Armstrong, Ontario.
This press release was prepared under the supervision of Peter Webster, P. Geo., who is President of Mercator Geological Services Limited and a Qualified Person as defined under National Instrument 43-101. Mr. Webster has visited SPL 214 and reviewed the scientific and technical information in this press release. Standards, duplicates and blanks were submitted by Stockport with the samples reported in this release for QA/QC monitoring purposes. Samples were stored in numbered, tamper-proof tagged gunny sacks at a locked building onsite prior to delivery by Company vehicles and drivers to an independent preparation facility in Kisumu. Analytical results reported in this press release were provided by either ALS Chemex Laboratories in Johannesburg, South Africa or Genalysis Laboratories in Johannesburg, South Africa or Perth, Australia. Samples were typically analyzed using standard preparation procedures followed by gold analysis by FA/AA methods. Screen metallics assay methods were used for selected samples that are noted in tabulation of results that appears in this press release.
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. 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.
For further information: STOCKPORT EXPLORATION, Jim Megann, President and CEO, (902) 482-1240, [email protected], www.stockportexploration.com