Driven Channel-Samples 0.79m @ 5,888 g/t Silver at Lyn
09 Novembro 2011 - 10:00AM
Marketwired
Driven Capital Corp. (TSX VENTURE:DVV) ("Driven" or the "Company")
is pleased to announce analytical results for the balance of the
outstanding channel rock samples from its 100% optioned Lyn Silver
Project in the Yukon. Highlight results are summarized in the
following table.
HIGHLIGHT CHIP-CHANNEL SAMPLES
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Sample # Width (m) Ag (g/t) Pb (%) Zn (%)
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LR-002 0.12 1,330 9.55 6.30
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LR-003 0.40 487 10.65 11.95
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LR-004 0.20 381 17.85 8.19
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LR-007 0.30 461 11.15 18.85
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LR-008 0.50 367 16.35 3.09
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LR-023/024, 0.79 5,888 44.06 1.41
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Including 0.39 10,505 41.49 1.93
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LR-202 0.40 553 13.80 8.94
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LR-207 0.25 155 5.88 14.95
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LR-209 0.25 462 21.80 3.89
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LR-214 0.08 1,815 56.71 7.29
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LR-215 0.13 1,130 42.24 1.51
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LR-216 0.08 1,690 51.27 7.54
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LR-219 0.60 308 15.25 1.37
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LR-224 0.40 2,770 23.00 4.47
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LR-225 0.15 1,750 58.14 1.81
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LR-226 1.50 210 10.05 1.90
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LR-233 0.55 309 9.73 0.66
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LR-234 0.55 309 9.14 1.10
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LR-247 0.50 961 20.00 10.35
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The Company is highly encouraged by the widespread distribution
of high-grade silver mineralization. These high-grade
silver-lead-zinc channel samples were collected from five separate
vein systems, which are all oriented north-south and are exposed in
an area 1,000 metres long by 100 to 400 metres wide. Individual
veins are exposed intermittently for distances up to 400 metres
along strike. The lateral strike extent of the veins is covered by
glacial deposits and vegetative cover both to the north and south.
Assay results are pending for a soil sampling program conducted
during September which was designed to trace the known vein systems
beneath cover.
The lateral and vertical extent of the vein system is currently
unknown. Considering the high-grade nature and widespread
distribution of mineralization discovered thus far, the Company
feels that Lyn has excellent potential for discovery of a
significant silver deposit with major lead and zinc credits,
possibly analogous to the Keno Hill district located approximately
200 kilometres to the northwest.
As previously reported, the Company plans to test Lyn's
potential by conducting a 2,000 metre Phase II conventional core
drilling program during the next field season. Driven and its
contractor Aurora Geosciences Ltd. are continuing with preparation
of a Yukon Class 3 Permit application and the Company has meanwhile
received three core drilling bids. Driven continues to await
analytical results for core material from the abbreviated Phase I
Winkie drilling program completed in late summer.
The Company advises that samples LR-023, LR-024, LR-224 and
LR-225 were previously reported as rock/grab samples (see news
releases dated August 22, September 6 and September 8, 2011). They
are in fact chip-channel samples, the results of which are hereby
reiterated as such along with sample widths in the table above.
Geologist U. Peter Kurisoo, a Director of the Company, is the
Qualified Person under National Instrument 43-101 responsible for
the technical information in this news release.
Driven is a publicly traded exploration company focused on the
discovery of high-value precious metals deposits in North America.
Please visit our web site at www.DrivenCapital.ca.
On Behalf of the Board of Directors of Driven Capital Corp.,
Toma Sojonky, President & CEO
Cautionary Statement Regarding Forward-Looking Information:
All statements, trend analysis and other information contained
in this press release relative to markets about anticipated future
events or results constitute forward-looking statements.
Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "believe", "plan",
"estimate", "expect" and "intend" and statements that an event or
result "may", "will", "should", "could" or "might" occur or be
achieved and other similar expressions. Forward-looking statements
are subject to business and economic risks and uncertainties and
other factors that could cause actual results of operations to
differ materially from those contained in the forward-looking
statements. Forward-looking statements are based on estimates and
opinions of management at the date the statements are made. The
Company does not undertake any obligation to update forward-looking
statements even if circumstances or management's estimates or
opinions should change. Investors should not place undue reliance
on forward-looking statements.
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.
Contacts: Driven Capital Corp. Toma Sojonky President & CEO
(604) 569-0799www.DrivenCapital.ca
(TSXV:DVV)
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