Valley High Reports Discovery of a New Zone at Cordero Project, Mexico: 170 m Grading 63 g/T Ag Eq Including 64 Metres Grading 2
2010年6月1日 - 10:00PM
Marketwired
Valley High Ventures Ltd. ("Valley High") (TSX VENTURE: VHV) is
pleased to announce the results of drill hole C10-41 completed in
the phase 2 drill program at the Cordero silver, gold, zinc and
lead, porphyry district located 35 kilometres northeast of Hidalgo
Del Parral, Chihuahua, Mexico. Results presented in this release
were drilled in a new zone located on the east side of the Cordero
Dome. Hole C10-41 is located approximately 1,350 metres northeast
of the Pozo De Plata zone and returned long intervals of elevated
silver, zinc and lead over its entire 503.45 metre length ending
when the hole was lost in broken but still mineralized rock.
Intervals reported below in table 1 are core lengths and true
widths are unknown.
Table 1: Phase 2 Summary Drill Result
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from to length Ag Au Zn Pb Ag Eq
Hole Zone (m) (m) (m) (g/T) (g/T) (%) (%) (g/T)
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C10-41 Porphyry 32 96 64 9.6 0.018 1.04 0.06 56
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C10-41 Porphyry 172 280 108 19.8 0.019 0.78 0.31 66
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C10-41 Porphyry 296 466 170 17.2 0.030 0.64 0.43 63
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Incl. 296 362 64 28.4 0.033 1.01 0.82 105
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- Silver equivalent calculated using the following metal prices: silver at
$15 per ounce, gold at $1,000 per ounce, zinc at 90 cents per pound and
lead at 90 cents per pound.
The Porphyry Target comprises a series of nested, altered and
mineralized igneous intrusive bodies (stocks) within the eastern
contact zone of the Cordero Felsic Volcanic Dome Complex. The
stocks have associated elevated Ag, Au, Zn, and Pb rock chip and
soil sample anomalies and high grade Ag vein zones exploited by
small scale underground workings. The stocks are presently thought
to be rooted in a larger mineralized igneous intrusive body at
depth, between the Cordero Felsic Dome and the La Ceniza limestone
roofed stock further the northeast in the Belt.
Phase two drilling began January 12th and continues with two
diamond drill rigs with 57 holes having been completed to date
(17,640m). Sample lengths reported herein are core intervals and
true widths are not known. Analytical results are summarized in
Table 1 and the hole location and orientation is presented in Table
2. An updated drill plan map is presented in Figure 1.
Airborne Geophysics
Aeroquest Geophysics has completed a combined airborne magnetic,
EM, and radiometric survey flown on 100 metre line spacing. The
survey covers the entire Cordero Porphyry Belt, which currently
includes six identified intrusive centers aligned within a
northeast trending belt some 15 km on strike and 3 to 5 km wide.
These targets are all within lands held by the Cordero Joint
Venture.
QA/QC Procedures and Reporting Parameters
HQ diameter core samples were collected in continuous two-metre
lengths by sawing. All of the samples mentioned in this release
were prepared and analyzed by ALS Chemex at its labs in Chihuahua,
Mexico, and Vancouver, Canada respectively. Gold analyses were
performed by 30-gram fire assay with an atomic absorption finish.
Silver, zinc and lead were analyzed as part of a multi-element
inductively coupled argon plasma ("ICP") package using a four-acid
digestion with over-limit results being reanalyzed with assay
procedures using ICP-AES. Summary assay intervals as reported above
were selected based on a 30 g/T Ag equivalent cut-off with
inclusion of up to no more than 10 metres of internal below cut-off
values averaging not less than 15 g/T Ag equivalent.
The project is under the direct supervision of Vic Chevillon,
MA, CPG, Vice-President of Exploration for Levon Resources Ltd.
("Levon"). The company employs a rigorous quality assurance and
quality control program that include standardized material, blanks
and duplicates. AMEC Americas Ltd. has designed the QAQC protocol
from a study and review of information provided by the company to
AMEC. Robert Cameron, PGeo, who is a qualified person within the
context of National Instrument 43-101, has read and takes
responsibility for this news release.
The property comprises wholly-owned claims and consolidated land
agreements that total about 20,000 hectares and is being explored
in a Joint Venture with Levon. Valley High currently holds the
Cordero property through its wholly owned subsidiary in Mexico.
Levon has earned its right to a 51% interest in the project and
both company's are working towards the formation of a Joint Venture
and are currently joint funding the current exploration
program.
About Valley High Ventures Ltd.:
Valley High is a Canadian based precious and base metal
exploration company with projects located in Mexico, British
Columbia and Yukon. The Cordero project in Mexico (49% interest) is
being evaluated for large bulk mineable silver, gold, zinc and lead
deposits. The Mount Polley project is located in British Columbia
adjacent to Imperial Metals Corporation's ("Imperial") Mt. Polley
copper-gold mine and includes a production royalty on the Boundary
Property, with Imperial. In the Yukon, Valley High has an option to
acquire a 100% interest in the Flume gold property which is located
within the newly recognized White Gold District. Valdez Gold Inc.
has been granted a right to earn up to 75% interest in Valley
High's interest in the Flume property. Coro Mining Corp. holds a
20.5% interest in Valley High.
VALLEY HIGH VENTURES LTD.
Robert Cameron, President and CEO
This news release includes certain "forward-looking statements"
under applicable Canadian securities legislation. Such
forward-looking statements or information, including but not
limited to those with respect to the prices of copper, estimated
future production, estimated costs of future production, permitting
time lines, involve known and unknown risks, uncertainties, and
other factors which may cause the actual results, performance or
achievements of Valley High to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements or information. Such factors
include, among others, the actual prices of copper, the factual
results of current exploration, development and mining activities,
changes in project parameters as plans continue to be evaluated, as
well as those factors disclosed in documents filed from time to
time with the securities regulators in the applicable Provinces of
British Columbia and Alberta.
Table 2: Drill Hole location (co-ordinates in CONUS Nad 27, UTM zone 13)
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HoleID Xm Ym Zm Length_m Azimuth Dip
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C10-41 443338 3015240 1577 503.45 150 -60
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To view Figure 1, please click on the following link:
http://media3.marketwire.com/docs/vhv531.pdf
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: Valley High Ventures Ltd. Robert Cameron (604)
682-5546 www.valleyhighventures.com Renmark Financial
Communications Inc. Barry Mire (514) 939-3989 or (416) 644-2020
bmire@renmarkfinancial.com Renmark Financial Communications Inc.
Barbara Komorowski (514) 939-3989 or (416) 644-2020
bkomorowski@renmarkfinancial.com www.renmarkfinancial.com
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