SECova commences phase 1 drilling program at THE
duvay/chenier
VANCOUVER, BRITISH COLUMBIA -- July 19, 2017 -- InvestorsHub
NewsWire -- Secova Metals Corp. ("Secova" or the "Company")
(TSXV: SEK, Frankfurt:
N4UN, USA: SEKZF) is pleased to
announce that drill permits have all been received, and now
commences the Companys first drill program on the Duvay/Chenier
Property (the Property), located 15 kms northeast of Amos,
Quebec.
The Duvay/Chenier Project covers nearly 8,000 hectares,
including more than a dozen historical gold showings. The most
advanced of the showings are at Duvay, where more than 350 drill
holes, a 96 m mine shaft, 275 m of underground workings, and more
than 3,200 tonnes of bulk sampling has been reported since
discovery in the 1930s, as described in numerous assessment reports
filed with the Quebec government. Gold occurs at Duvay in locally
rich surface samples and drill intervals (e.g. 402 grams per tonne
(g/t) gold over 0.36 m, 76.8 g/t gold over 0.46 m, 83.194 g/t gold
over 1.0 m and 27.17 g/t gold over 1.14 m) along a regionally
significant shear zone (the Duvay main shear) that extends for 2 km
to the northwest to Lake Obalski, and for 4 km to the southeast to
the Standard Gold Mine shaft (off the Property).
Secovas Chairman and CEO Mr. Brad Kitchen commented, The Company
has worked hard to build the first 3D model of the Duvay gold
mineralization that incorporates the extensive historic information
and new exploration data. From this 3D model, we have now developed
a systematic and robust exploration plan that takes into
consideration all the various aspects of Duvay. Phase 1 will
consist primarily of drilling identified zones of mineralization
and various structural anomalies. Concurrent with this drilling,
data from new ground and airborne exploration will enable Phase 2
to commence almost immediately after completion of this first drill
program.
1) Known gold bearing structures and
quartz veins at the Duvay Zone Principal
A majority of the richest gold intervals intercepted
historically at Duvay are hosted in quartz veins associated with
the northeast trending faults extending from the main shear. These
historic results include the drill intersection of 83.194 g/t gold
over 1.0 m (50.0 to 51.0 m depth) comprising visible gold from a
sub-horizontal quartz vein 0.5 m thick. These gold occurrences
associated with northeast trending faults and their host quartz
veins will be the target of drilling within the Duvay Zone
Principal. Phase 1 Plan: 10 drill holes for 1250 m total.
2) New geophysical anomalies interpreted
from Secovas proprietary 3D Power IP ground survey
Secova contracted Abitibi Geophysics to conduct their innovative
and effective IPower-3D ground geophysical survey, which identified
a strong chargeability anomaly 300 to 400 metres north of the main
Duvay shear. This anomaly is the most significant of the 6
cigar-shaped tubes which this IPower-3D program identified. The
anomaly will be the target of priority drill holes in this area
seeking to extend Duvay mineralization to the north. Phase 1 Plan:
5 drill holes for 1250 m total.
3) Untested, coincident magnetic and
electromagnetic targets associated with the extension of the main
Duvay shear zone towards Lake Obalski.
The previously untested magnetic and electromagnetic anomalies
were originally identified from an airborne geophysical survey
flown by helicopter in 2012 and confirmed by ground magnetics later
that same year. These targets are also associated with northeast
trending faults, as interpreted from the magnetics, and are covered
by recent sediments. Phase 1 Plan: 6 drill holes for 1000 m
total.
New high-resolution airborne magnetic survey
Secova has commenced high-resolution airborne magnetic surveys
over selected priority targets outside the main Duvay
mineralization area. These priority targets include planned drill
targets near Lake Obalski, as well as new exploration areas where
further ground work will commence this summer. Magnetic sensors for
these high-resolution surveys are being flown by drone aircraft, at
low altitudes and tight line spacings (20 m) to give the maximum
resolution. Pioneer Aerial Surveys Ltd. of Regina, Saskatchewan,
has been contracted to fly approximately 700 line kilometres of
drone surveys. The surveys are expected to allow detailed
interpretation of structures and magnetic anomalies to assist in
identifying the most favourable location for follow-up drilling
this year.
Tres-Or Resources Ltd.., the underlying property owner, is
operating the field program at Duvay.
The Company is also pleased to announce it has granted
14,300,000 stock options to certain directors, officers and
consultants of the Company. The stock options have an exercise
price of $0.05 per common share under the terms of the Companys
Stock Option Plan.
Harrison Cookenboo, Ph.D., P.Geo., APEGBC, NAPEG, APEGS, OGQ., a
Qualified Person as defined by National Instrument 43-101,
supervised the preparation of the technical information in this
news release.
For more information on Secova Metals Corp. please contact
morgan.good@secovametals.com, Tel: +1
604-558-5397 or visit the website at www.secovametals.com for past news releases, media
interviews and opinion-editorial pieces by CEO and Chairman Brad
Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
Brad Kitchen
Chairman, CEO and Director
Tel: +1 604-558-5397
info@secovametals.com
9th Floor - 1021 West Hastings St.,
Vancouver, BC
V6E0C3
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.
This press release contains "forward-looking information" that
is based on the Companys current expectations, estimates,
forecasts, and projections. This forward-looking information
includes, among other things, statements with respect to the
Companys exploration and development plans. The words "will",
"anticipated", "plans" or other similar words and phrases are
intended to identify forward-looking information. Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the Companys actual results, level
of activity, performance, or achievements to be materially
different from those expressed or implied by such forward-looking
information.
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