Patagonia Gold Corp press release
Vatic Ventures Corp. Locates Multi-Element Linear Anomaly at its BM Gold Property
TSXV - TSX Venture Exchange · Gold · Silver · Arsenic · Antimony · Canada
(via Thenewswire.ca)
Vancouver, BC, January 24, 2012 - Vatic Ventures Corp (TSX-V: VCV and Frankfurt: V8V) has located a linear 900 metre long by 25 to 50 metre wide multi-element anomaly as a result of its 2011 exploration program on its BM Gold Property near Merritt, B.C. The anomaly is highlighted by gold and silver, along with pathfinder elements antimony and selenium. The BM Gold Property lies within the Spences Bridge Gold Belt (SBGB) of south central British Columbia. The SBGB is an emerging new epithermal precious metal exploration target.
VCV's program consisted of soil sampling over a 2,600 m by 2,700 m grid with 100 m lines sampled at every 25 m in the northern part of the 7,000 ha large property. During this phase, 35 rock samples and 2,636 soil samples were taken and submitted to ACME Laboratories in Vancouver, BC. The samples were taken in the northeast and middle parts of the property as previously identified as the most interesting areas.
Mr. Nasim Tyab, Vatic's President, said, "We are very encouraged by the preliminary results obtained on the BM Gold property and plan to aggressively evaluate the multi-element anomaly in 2012."
The SBGB is an emerging new epithermal precious metal exploration target. Exploration highlights obtained by other SBGB explorers include:
Almaden Minerals Ltd and Strongbow Exploration reported drill results including 18.4 gpt Au over 12.8 m from their Skoonka Creek JV on November 29, 2005
Westhaven has recently drilled 7 holes for 606 m on its Shovelnose property which is directly adjacent to the BM property. The results are still pending.
The Company has been unable to verify the drill results from Skoonka Creek or Prospect Valley and these drill results are not necessarily indicative of the mineralization on the BM property.
At present, the company continues to evaluate all results and is considering its next steps.
Mr. R. Tim Henneberry, P.Geo., independent consultant to the Company is the qualified person for the technical disclosure contained in this news release and has approved the disclosure herein.
ABOUT VATIC VENTURES CORP.
Vatic Ventures Corp (www.vaticventures.com) is a junior exploration company developing high yield precious metal projects throughout North America. Focusing on high yield gold and silver projects, Vatic Ventures currently holds two projects, the BM gold property in the Spences Bridge Gold Belt near Merritt, BC and has a Lease/Option-to-Purchase Agreement for the La Silla West property near Mazatlan. The company continues to explore new opportunities and prospects.
ON BEHALF OF THE BOARD OF DIRECTORS
"Nasim Tyab"
Nasim Tyab
President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the contents of this news release. Some of the statements contained in this release are forward-looking statements. Forward-looking statements include that we plan to aggressively evaluate the multi-element anomaly in 2012. Although the Company believes that its expectations reflected in the forward-looking statements are reasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors could cause actual results to differ from these forward-looking statements including the potential that the Company's projects will experience technical and mechanical problems, geological conditions, our possible inability to fund operations or exploration, difficulty obtaining labour or equipment and other risks not anticipated by the Company or disclosed in the Company's published material. In addition, commercial discoveries on properties nearby are not necessarily an indication of commercial mineral resources being on property we option. Despite encouraging data, there may be no commercially viable mineral deposit on our property. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission. We take no responsibility to update this forward looking information except as required by law.
Neither the 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.
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