Southern Cross Gold Consolidated Ltd. press release
Stellar cut 59.9 g/t and discover new vein with 25.3 g/t AU over 0.41 M.
TSX - Toronto Stock Exchange · Australia
MONTREAL, March 22 /CNW Telbec/ - Stellar Pacific Ventures (SPX) is pleased to release the results from the first 3 holes of a drilling program underway on its Vassan property located near the town of Val d'Or.
Drill Hole No. From To Length Grades (m) (m) (m) g/t Au Cu %
V2006-01 354,20 354,50 0,30 1,84 0,35 V2006-02 320,96 321,37 0,41 25,30 0,55 421,51 421,92 0,41 11,65 0,42 421,92 422,27 0,35 29,70 0,27 422,27 423,15 0,88 14,65 0,39 423,15 423,45 0,30 59,90 1,03 average 421,51 423,45 1,94 23,73 0,47
V2006-03 366,10 366,60 0,50 0,97 366,6 367,04 0,44 12,85 367,04 367,60 0,56 0,87 367,60 368,10 0,50 1,51 368,10 368,60 0,50 25,30 368,60 369,15 0,55 22,70 369,15 369,48 0,33 1,40 average 366,10 369,48 3,38 9,76
Copper results are pending for V2006-03.
Hole V2006-03 returned 9,76 g/t Au over 3,38 m. This is one of the best intersections ever on the project considering its grade and thickness. This result confirms that the low grade intersection obtained last year in hole V2005-03 represents a very small area of weak mineralization within high grade material. Both intersections (holes 2 and 3) consist of semi-massive to massive sulphides (mostly pyrrhotite with minor pyrite, chalcopyrite and locally magnetite). Hole V2006-02, drilled 100 m east of V2006-03, gave exceptional values in the eastern portion of the Hamelin structure in addition to an excellent value obtained in a new and unknown parallel vein (25,3 g/t Au over 0,41 m). The Hamelin vein returned 23,73 g/t Au over 1,94 m, including a value of 59,9 g/t Au and 1,03% Cu over 0,3 m. This is also one of the best intersections obtained so far on the property. Hole V2006-01 was drilled in the center of the known mineralization, close to its upper limit. The structure was intersected at 354 m down the hole but only minor mineralization was observed. This result confirms that a small area of weak mineralization is present in this area. It is however quite limited in size since all holes surrounding that intersection returned excellent values. Stellar intends to carry out a mineral inventory as soon as all results are received and compiled and sections and maps updated. The deposit is still open at depth and towards the east and future drill programs will test these extensions. All samples have been assayed at ALS Chemex of Val d'Or by FA-AA and FA- GRAV. Control samples (blanks and standards) are systematically incorporated in our lots and pulps and rejects are re assayed for sample grading above 1 g/t Au. Density measurements have been carried out in house on all mineralized samples (drilling of 2005 and 2006). Drilling has been carried out under the supervision of professional geologist and qualified person (NI43-101) Pierre O'Dowd. The latter also revised and approved the present press release.
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 neither approved nor disapproved the content of this press release.