Source Announces Signing of Drilling Contracts for Exploration at Las Minas Property
17 Janeiro 2014 - 5:47PM
Marketwired
Source Announces Signing of Drilling Contracts for Exploration at
Las Minas Property
THUNDER BAY, ONTARIO--(Marketwired - Jan 17, 2014) - SOURCE
EXPLORATION CORP. (the "Company "or "Source") (TSX-VENTURE:SOP) is
pleased to announce the signing of a diamond drilling contract for
commencement of its 2014 exploration program at the Las Minas
property, Veracruz, State, Mexico. Source has contracted with
K.D.L. Mexico S.A de C.V. for a minimum of 2,800 metres of
drilling, scheduled to get underway in the fourth week of January.
The main focus of the program will be on delineation of the
higher-grade portions of skarn mineralization identified in earlier
drilling at the Santa Cruz and Eldorado discovery areas, in
preparation for an initial resource calculation on these zones.
The drilling will also test a large scale magnetic anomaly
proximal to high-grade mineralization intersected in the Santa Cruz
area hole LM-11-SC-45, which graded 15.89g/t Au, 12.98g/t Ag and
2.25% Cu over 10.0 metres, including 37.26g/t Au gold, 25.4g/t Ag
and 4.05% Cu over 4.0 metres* - see press release dated January 26,
2012. The high-grade gold values intersected in hole LM-11-SC-45
were associated with a magnetite content of approximately 80
percent.
Previous drilling at the Eldorado site intersected copper
mineralization grading up to 3.05% copper, with a 21.10 metre
interval averaging 1.60% copper in hole LM-11-ED-9. Drill hole
LM-11-ED-15 intersected 55.4 metres of 0.54g/t gold, 5.52g/t silver
and 0.71% copper within a larger intercept of 75.8 meters grading
0.46g/t gold, 4.36g/t silver and 0.60% copper - see press release
dated May 31, 2011.
David Baker, Executive Chairman, stated, "We are excited about
the commencement of drilling, which will allow us to follow up on
the previous excellent drill results and move forward with
developing a preliminary resource estimate for this part of the Las
Minas project. The drill program will also test the strong magnetic
anomalies located adjacent to recent high-grade drill
intersections."
*All intervals are reported as down-hole lengths and additional
information is required to determine true widths. Assays are uncut,
length weighted average values.
Quality
Assurance/Quality Control
The technical information in this news release has been reviewed
and approved by Brian Robertson, P. Eng., Source's, President &
CEO, a registered Professional Engineer in the Province of Ontario
and a qualified person as defined by National Instrument 43-101.
Mr. Robertson is responsible for ensuring that the information
contained in this news release is an accurate summary of original
reports and data provided to or developed by Source Exploration
Corporation. The Company has implemented and adheres to a strict
Quality Assurance/Quality Control program which includes inserting
mineralized standards and blanks into the sample stream, about 1
for every 10 samples. The standards and blanks were obtained from
CDN Resource Laboratories Ltd. of Langley, BC, Canada. Each sample
bag is properly sealed and kept in a secured, restricted storage
place prior to shipping to the lab. Samples are shipped directly by
Source or picked-up by the lab vehicle with chain of custody/sample
submittal signed and dated. The Company sends it samples to SGS
Mineral Services (ISO/IEC 17025) at Durango, Mexico, an accredited
laboratory.
About Source
Exploration
Source Exploration is a Canadian based mineral exploration
company committed to building long-term value through ongoing
discoveries and strategic acquisitions of prospective precious
metals deposits in Mexico. Source is exploring the Las Minas
project, which is located in the core of the Las Minas district in
the Veracruz State, Mexico. The district is host to one of the
largest under explored skarn systems known in Mexico and has a
strong production history that dates back to the Aztec era.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This
news release includes certain information that may constitute
"forward-looking information" under applicable Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements about the magnitude or quality of mineral
deposits, anticipated advancement of mineral properties or
programs, future operations, results of exploration, prospects,
commodity and precious metals prices, future work programs,
anticipated financial and operational results, capital expenditures
and objectives. Forward-looking information is necessarily based
upon a number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors, which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking information, including the risks identified in the
Corporation's disclosure documents. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such information. Accordingly, readers should not place undue
reliance on forward-looking information. All forward-looking
information contained in this press release is given as of the date
hereof and is based on the opinions and estimates of management and
information available to management as at the date hereof. The
Corporation disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
law.
Source Exploration Corp.David BakerExecutive
Chairman604-817-4211807-474-4272info@sourceexploration.comwww.sourceexploration.com
Source Exploration Corp. (TSXV:SOP)
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