Valley High Ventures Ltd. ("Valley High") (TSX VENTURE:VHV) is pleased to
announce the results of the first 13 holes completed in the phase 2 drill
program at the Cordero silver, gold, zinc and lead, porphyry district located 45
kilometres northeast of Hidalgo Del Parral, Chihuahua, Mexico. Highlights of the
results include hole C10-10 that returned 260 metres grading 45.8 g/T Ag, 0.34
g/T Au, 0.44% Zn and 0.61% Pb beginning at 4 metres depth from the Pozo de Plata
zone.  


Phase two drilling began January 12th and continues with two diamond drill rigs.
One drill is dedicated to follow-up drilling of hole C09-05 in the Pozo De Plata
zone and the second rig is being utilized to complete drill testing of various
other exploration targets throughout the larger project area. Twenty seven holes
have been completed to date and assays results have been received for thirteen
holes (seven from Pozo de Plata) and are summarized below. Sample lengths
reported are core intervals and true widths are not known.


Pozo De Plata Zone

Analytical results have been received for seven holes drilled on the Pozo de
Plata zone and are summarized in Table 1 and plotted on Figure 1. Holes 9, 10 11
and 14 were drilled on a north south section that includes previously drilled
hole C09-5 (see News Release dated Nov. 3, 2009). Hole 18 and 22 were drilled
from the same site in a fence 50 metres east of hole C09-5 and hole 12 was
drilled on a fence 50 metres west of that containing hole C09-5. See Figure 1
and 2 for relative drill hole locations and Table 3 for drill hole locations,
azimuths and dips. All holes cored variable proportions of polylithic diatreme
breccia and dyke breccia and bottomed in limestone country rock. Diatremes are
comprised of limestone, rhyolite and dacite clasts with fine grained matrix and
are intruded by rhyolite and dacite breccia dykes (syn-breccia dykes). Contacts
of all rock types are entirely gradational, often over several meters including
those with country rocks. Mineralization occurs as sphalerite, galena, possible
silver sulphosalts and associated pyrite that occur as disseminations and early
veins within clasts, within the matrix to clasts and as late cross cutting
veins. 


Table 1: Phase 2 Summary Drill Results- Pozo Plata Zone



--------------------------------------------------------------------------
               From     To   Length     Ag     Au     Zn     Pb   Ag equiv.
Hole             (m)    (m)      (m)  (g/T)  (g/T)    (%)    (%)      (g/T)
--------------------------------------------------------------------------
C10-9          22.0  224.0    202.0   24.3   0.31   0.34   0.35         64
--------------------------------------------------------------------------
C10-10          4.0  264.0    260.0   45.8   0.34   0.44   0.61         99
--------------------------------------------------------------------------
C10-11         52.0  146.0     94.0   49.2   0.31   0.85   0.75        117
--------------------------------------------------------------------------
C10-11        204.0  230.0     26.0   18.2   0.63   0.08   0.23         69
--------------------------------------------------------------------------
C10-12         12.0   48.0     36.0  103.2   0.11   0.46   1.22        159
--------------------------------------------------------------------------
C10-12         62.0   76.0     14.0   26.0   0.15   0.30   0.40         57
--------------------------------------------------------------------------
C10-12        104.0  118.0     14.0  114.8   0.74   1.71   1.62        262
--------------------------------------------------------------------------
C10-12        152.0  184.0     32.0   39.3   0.22   0.92   0.65        100
--------------------------------------------------------------------------
C10-14         38.0  140.0    102.0   49.3   0.25   0.84   0.78        113
--------------------------------------------------------------------------
C10-18          8.0  250.0    242.0   47.0   0.26   0.73   0.69        106
--------------------------------------------------------------------------
C10-22         12.0   50.0     38.0   31.3   0.22   0.81   0.42         82
--------------------------------------------------------------------------
C10-22        104.0  138.0     34.0   28.4   0.14   0.47   0.46         65
--------------------------------------------------------------------------



(i) Silver equivalent calculated using the following metal prices: silver at $15
per ounce, gold at $1,000 per ounce, zinc at 90 cents per pound and lead at 90
cents per pound and assumed net metal recoveries (metallurgical and smelter
deductions) of 70% for silver and gold and 50% for zinc and lead. Actual metal
recoveries have not been determined. 


Dos Mil Diez Zone

The Dos Mil Diez Zone is located 1.7 kilometres southwest of the Pozo De Plata
drilling and was exposed by trenching of a prominent colour anomaly (News
Release dated Feb. 16, 2010). The zone was drill tested by a fence of six holes
and cored rhyolite, polylithic breccia and limestone. Near surface,
geochemically anomalous gold values were encountered in two holes including two
metres that returned 1.79 g/T Au in hole C10-15 (Table 2). This target is part
of a much larger intrusive complex that is partially defined by mapping and soil
geochemistry. Additional work is planned for this area where soil sampling and
prospecting has identified numerous additional showings. 


Table 2: Phase 2 Summary Drill Results- Dos Mils Diez Zone



--------------------------------------------------------------------------
                      From      To   Length      Ag      Au      Zn     Pb 
Hole                    (m)     (m)      (m)   (g/T)   (g/T)     (%)    (%)
--------------------------------------------------------------------------
C10-13                no significant results                              
--------------------------------------------------------------------------
C10-15                10.0    12.0      2.0     2.2    1.79    0.17   0.00
--------------------------------------------------------------------------
C10-16                no significant results                              
--------------------------------------------------------------------------
C10-17                no significant results                              
--------------------------------------------------------------------------
C10-19                 0.0     2.0      2.0     7.3    0.77    0.09   0.06
--------------------------------------------------------------------------
C10-20                no significant results                              
--------------------------------------------------------------------------



Other Drilling

Two holes have been completed near previously drilled hole C09-8, 1,200 metres
east of Pozo de Plata, that had returned long intervals of silver and zinc
mineralization within strongly potassic altered intrusive and breccia. In
addition three holes have tested the mapped extension of the Pozo De Plata
diatreme breccia southeasterly from hole C09-5 and north from a string of
artisanal mines, including the Josephina mine. Assay results for these holes are
pending.


District Exploration

Geologic mapping and rock and soil sampling is continuing southwest of the Dos
Mil Diez Diatreme Complex and has successfully identified additional diatreme
breccia intrusive centers. The most recent addition is the location of poorly
exposed diatreme pipes within the Molina de Viento Caldera complex located seven
kilomteres on strike to the southwest of the Pozo de Plata Diatreme. Detailed
mapping and rock chip sampling are in progress with trenches being planned. With
the addition of the Molina di Viento diatremes, the sixth intrusive center
mapped in the Cordero Belt, the favourable strike extent is now close to fifteen
kilometres long. An airborne magnetic, electromagnetic and radiometric survey
covering the southern Cordero Porphyry belt will be flown this month. 


Robert Cameron, President and Chief Executive Officer of Valley High, commented:
"We are very pleased with the initial results from this latest round of drilling
at Cordero. In particular the results from Pozo de Plata support our concept of
a near surface bulk-mineable target. With the recently announced removal of
Freeport-McMoRan Exploration Corporation's residual rights at Cordero we are
positioned to realize full value at this exciting new discovery."


QA/QC Procedures and Reporting Parameters

HQ diameter core samples were collected in continuous two-metre lengths,
primarily by sawing of the key mineralized intervals and by splitting all other
intervals. All of the samples mentioned in this release were prepared and
analyzed by ALS Chemex at its labs in Chihuahua, Mexico, and Vancouver, Canada.
Gold analyses were performed by 30-gram fire assay with an atomic absorption
finish. Silver, zinc and lead were analyzed as part of a multi-element
inductively coupled argon plasma (ICP) package using a four-acid digestion with
over-limit results being reanalyzed with assay procedures using ICP-AES. Summary
assay intervals as reported above were selected based on a 30 g/T Ag equivalent
cut-off with inclusion of up to no more than 10 metres of internal below cut-off
values averaging not less than 15 g/T Ag equivalent.


The project is under the direct supervision of Vic Chevillon, MA, CPG, Levon's
vice-president of exploration. The company employs a rigorous quality assurance
and quality control program that include standardized material, blanks and
duplicates. AMEC Americas Ltd. has designed the QAQC protocol from a study and
review of information provided by the company to AMEC. Robert Cameron, PGeo, who
is a qualified person within the context of National Instrument 43-101, has read
and takes responsibility for this news release.


The property comprises wholly-owned claims and consolidated land agreements that
total about 20,000 hectares and is being explored in a joint Venture with Levon
Resources Ltd. ("Levon"). Levon has 51% interest and is project operator.


Table 3: Drill Hole locations (co-ordinates in CONUS Nad 27, UTM zone 13)



---------------------------------------------------------------------------
HoleID               Xm         Ym          Zm   Length_m   Azimuth     Dip
---------------------------------------------------------------------------
C010-9         442652.4    3014049    1547.259     341.65         0     -60
---------------------------------------------------------------------------
C09-4          442779.1    3013966    1550.582     490.05       315     -60
---------------------------------------------------------------------------
C09-5          442638.6    3014099    1547.724        367         0     -60
---------------------------------------------------------------------------
C09-8          443809.3    3014527    1594.783     453.75         0     -60
---------------------------------------------------------------------------
C10-10         442653.3    3014150    1553.105     369.35         0     -60
---------------------------------------------------------------------------
C10-11           442652    3014202        1586      346.7         0     -60
---------------------------------------------------------------------------
C10-12         442603.2    3014149    1548.403      311.4         0     -60
---------------------------------------------------------------------------
C10-13         440986.5    3012720    1581.329       99.7         0     -60
---------------------------------------------------------------------------
C10-14         442637.8    3014098    1547.698        316         0     -90
---------------------------------------------------------------------------
C10-15         440978.3    3012697    1582.911      97.05       190     -70
---------------------------------------------------------------------------
C10-16         440957.7   301263.3    1577.595     101.82       200     -60
---------------------------------------------------------------------------
C10-17         440931.2    3012563    1574.249     186.75       185     -60
---------------------------------------------------------------------------
C10-18           442704    3014097    1550.567     417.65         0     -60
---------------------------------------------------------------------------
C10-22         442704.2    3014097    1550.441      533.3         0     -90
---------------------------------------------------------------------------



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 (49% interest) 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.


To view the maps accompanying this release please click on the following link:
http://media3.marketwire.com/docs/0407vhv.pdf
Valley High Ltd Com (TSXV:VHV)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024 Click aqui para mais gráficos Valley High Ltd Com.
Valley High Ltd Com (TSXV:VHV)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024 Click aqui para mais gráficos Valley High Ltd Com.