Lucky Strike Resources Ltd. - Jewellery Box Exploration Update
VANCOUVER,
Dec. 28, 2012 /PRNewswire/ -
International Samuel Exploration Corp. (ISS: TSX-V) and Lucky
Strike Resources Ltd (LKY:TSX-V) (the "Companies") presents
an exploration update on the Jewellery Box Property 2012
exploration program. The companies undertook an extensive
exploration program on the Jewellery Box property consisting of
detailed IP geophysics, soil sampling, regional mapping and
ultimately resulted in a drill program.
The companies engaged the services of
Peter Walcott and Associates Limited
to undertake a 12 line kilometre induced polarization program. The
core of the survey was designed to test an area where historic soil
and rock geochemistry yielded a number of targets of interest
proximal to a large magnetic feature observed in the spring 2012
airborne magnetic program.
The induced polarization survey identified two
large east-north easterly trending chargeability anomalies,
proximal to known mineralized showing. The trends are similar to
that identified in historic gold soil geochemistry results. As
exact referencing of the historic geochemistry was unavailable,
drill hole targeting was conducted primarily on the results of the
induced polarization program.
In addition to the soil sampling program, a
small stream sampling program was conducted over two additional
magnetic features on the property. This met with limited success,
and returned only weakly anomalous results.
The companies engaged the services Black Hawk
Drilling of Smithers, British
Columbia to undertake a drill program. Drilling consisted of
402.95 meters drill program in two drill holes, JBDD-12-01 (198.12
m) and JBDD-12-02 (204.83 meters). The drill focused on the areas
where the 2012 IP program was conducted 187 samples were collected
from the core drilling. A summary of each of the drill hole is
presented below along with select assays.
Hole JBDD-12-01
From 25.55m to 33.20m the aphanitic, mafic volcanic, with trace
stringer and very finely disseminated pyrite. Brecciated
contact from 62.45m to 63.95m. From 63.95m to the EOH at
198.12m is a dark green, aphanitic to fine grained, weakly to
moderately magnetic Trace disseminated chalcopyrite are at 66.30m,
from 78.75m to 79.10m within quartz calcite veins with 3%
disseminated pyrite and from 91.00m to 91.40m within chlorite
stringers/fracture fills in a zone of pink clay alteration and from
167.70m to 181.10m there are 5-10cm wide patches of epidote with
trace disseminated chalcopyrite, associated with disseminated
pyrite. The assays yielded
- From 78.75 m to 79.10 m (0.35 m) the drill hole
intersected 3020 ppm Cu and 2230 bbp Au
- From 90.60 m to 93.2o m (2.6 m) the drill hole intersected an
average 1616 ppm Cu
Hole JBDD-12-02
The minor fault and vein with 1-5% disseminated pyrite, and trace
disseminated chalcopyrite. From 156.20m to 160.50m is a light grey,
coarse grained, felsic intrusive, with patchy brick red potassic
alteration. Below from 160.50m to 161.25m is a dark green
mafic volcanic, followed by grey, strongly silicified, feldspar
porphyry. At 156.10m is a 5cm wide quartz, calicte, chlorite
vein containing 5% disseminated and blebby pyrite, and trace
disseminated chalcopyrite.
- From 155.75 m to 156.62m (0.45 m) the drill hole intersected
2620 ppm Cu and 398 bbp Au
Conrad Swanson
President for International Samuel Exploration stated "I
believe that we are on the edge of something. Historic surface
values of 1.21 oz/t gold and recent drill results of 3020 ppm, 2620
ppm copper are a good indications of a larger mineralization
system."
All drill samples were send to SGS Telkwla prep
lab then sent shipped to SGS Vancouver where they underwent ICP40B
analysis.
Technical information in this news release has
been reviewed by Derrick Strickland
P.Geo., a qualified person as defined in NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
"Allen Morishita"
CEO, President.
The TSX Venture Exchange has not reviewed
and does not accept responsibility for the adequacy or accuracy of
the content of this news release
This news release may contain certain "Forward-Looking
Statements" within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the TSX Venture
Exchange, the British Columbia Securities Commission and the US
Securities and Exchange Commission.
SOURCE Lucky Strike Resources Ltd.