Southern Cross Gold Consolidated Ltd. press release
Significant drill results from Heva property
TSX - Toronto Stock Exchange · Australia
LAVAL, Sept. 19 /CNW Telbec/ - Stellar Pacific Ventures (SPX) is pleased to release results from its on going drilling program on the Heva property located along the prolific Cadillac-Larder Lake Break near the Rouyn-Noranda airport. The following table shows the best drill results from the first five holes completed so far this Summer:
<< Drill Hole No. from to length grade (m) (m) (m) g/t Au
H2005-01 85.9 86.5 0.60 1.17 100.5 101.5 1.00 1.23 107.0 107.5 0.50 3.77
H2005-02 182.00 191.25 9.25 2.28 Including 182.00 185.00 3.00 3.38 192.0 192.8 0.80 3.21 193.2 194.0 0.80 1.10
H2005-03 148.0 148.5 0.50 0.57
H2005-04 61.4 62.7 1.30 18.51
H2005-05 153.4 154.9 1.50 8.04 >>
The gold is typically found along the footwall of the Cadillac-Larder Lake break (A Vein) in association with quartz veinlets within fine grained sediments or talc-chlorite schist. It occurs in a free state and visible gold was observed in holes 4 and 5, as reflected by good grades. Very minor sulphide, mostly pyrite, is seen in the mineralized zone. Strong nugget effect is noted in most drill holes. Those results are consistent with previous drilling and confirm the good continuity of the A Vein structure over more than 300 meters in the east-west direction. Drilling is in progress and a total of twelve holes, or 2,500 meters, should be completed within the coming weeks. The drilling program is under the supervision of Daniel Kelly and Pierre O'Dowd both geologists and Qualified Persons as per NI 43-101. All samples have been prepared and analyzed at Laboratoire Expert of Rouyn-Noranda. They have been subjected to fire assay with AA finish. All values above 1,000 ppb were re-analyzed and cross checked were done by fire assay with gravimetric finish. Some rejects were also re-analyzed by fire assay with AA finish. The technical information contained in this press release has been prepared by Pierre O'Dowd P. Geo, a qualified person as per National Instrument 43-101.
Stellar Pacific Ventures Inc. has an agreement with Vantex Resources Inc (VTX) in which the company has the option to acquire 50% interest in Heva gold mine property by issuing to the vendor 500,000 common shares of the company and make exploration work for $500,000 on two years period.
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.
"Michel Lemay" Michel Lemay President
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.