Valley High Ventures Ltd.: Trench Results From the Cordero Project, Mexico; 60 Metres Grading 0.95 Grams of Gold Per Tonne
16 Fevereiro 2010 - 4:00PM
Marketwired
Valley High Ventures Ltd. ("Valley High" or the "Company") (TSX
VENTURE: VHV) and Levon Resources Ltd. ("Levon") are pleased to
announce that results have been received from sampling of a
recently excavated trench at the newly identified Dos Mil Diez zone
located some 1.7 kilometres southwest of the nearest drill hole in
the Pozo de Plata zone. Highlights of the trench include a central
gold-rich domain that returned 60 metres grading 0.95 grams per
tonne gold from within a larger 265 metre long interval
characterized by sporadic elevated silver, zinc and lead.
Table 1: Trench 2010-1
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From (m) To (m) Length (m) Ag (g/T) Au (g/T) Zn (ppm) Pb (ppm)
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150 415 265 3.6 892 443
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Incl. 175 235 60 4.9 0.953 972 603
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The trench exposed a central gold-rich zone on a hematite
stained hill comprised of silicified and argillic altered rhyolite
breccia dykes gradational into surrounding recessive weathering
polylithic diatreme breccia. The breccia zones are intensely
weathered and oxidized and characterized by red hematite and
manganese staining. Geological mapping in the area of this trench
has identified numerous nearby historical workings of unknown age
that includes pits, an adit and slag debris. A second drill rig has
begun drill testing this new discovery.
The Cordero silver, gold, zinc, lead project comprises
wholly-owned claims and consolidated land agreements that total
about 20,000 hectares and is located 35 kilometres northeast of
Hidalgo Del Parral, Chihuahua, Mexico. The exploration target is a
bulk-mineable deposit geologically similar to the Penasquito
deposit currently being developed by Goldcorp Inc. Including the
Dos Mil Diez zone, the prospective mineralized belt at Cordero, as
defined by five porphyry or intrusive centres, has now been defined
through a strike length of 8 km and a width of about 3 km.
The Trench was excavated with a bulldozer to depths of 1 to 2
metres and sampled continuously through 5m intervals. All of the
samples mentioned in this release were prepared and analyzed by ALS
Chemex at its labs in Chihuahua and Vancouver. Gold analyses were
performed by 30-gram fire assay with an atomic absorption ("AA")
finish. Silver, zinc and lead were analyzed as part of a
multi-element inductively coupled argon plasma ("ICP") package
using a four acid digestion. The project is under the direct field
supervision of Mr. Vic Chevillon, M.A., C.P.G., Levon's Vice
President of Exploration and Juan Manuel Viveros, Valley High's
senior geologist. Robert Cameron, P.Geo, who is a qualified person
within the context of National Instrument 43-101 has read and takes
responsibility for this news release.
About Valley High Ventures Ltd.:
Valley High is a Canadian based precious and base metal
exploration company with projects located in Mexico, British
Columbia and Yukon. The Cordero project in Mexico is being
evaluated for large bulk mineable silver, gold, zinc and lead
deposits. The Mount Polley project is located in British Columbia
adjacent to Imperial Metals Corporation's ("Imperial") Mt. Polley
copper-gold mine and includes a production royalty on the Boundary
Property, with Imperial. In the Yukon, Valley High has an option to
acquire a 100% interest in the Flume gold property which is located
within the newly recognized White Gold District. Valdez Gold Inc.
has been granted a right to earn up to 75% interest in Valley
High's interest in the Flume property.
VALLEY HIGH VENTURES LTD.
Robert Cameron, President and CEO
This news release includes certain "forward-looking statements"
under applicable Canadian securities legislation. Such
forward-looking statements or information, including but not
limited to those with respect to the prices of copper, estimated
future production, estimated costs of future production, permitting
time lines, involve known and unknown risks, uncertainties, and
other factors which may cause the actual results, performance or
achievements of Valley High to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements or information. Such factors
include, among others, the actual prices of copper, the factual
results of current exploration, development and mining activities,
changes in project parameters as plans continue to be evaluated, as
well as those factors disclosed in documents filed from time to
time with the securities regulators in the applicable Provinces of
British Columbia and Alberta.
"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."
Contacts: Valley High Ventures Ltd. Robert Cameron President and
CEO (604) 682 5546 www.valleyhighventures.com
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