VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 27, 2012) - Blind Creek Resources Ltd. (TSX VENTURE:BCK) ("the Company" or "Blind Creek") reports that stage 1 of its 2012 field program in the Mayo Mining District, Yukon is now completed.
The Blind Creek five person exploration team will now focus on Table Mountain, 15 km northwest of the historic Atlin placer gold camp.
During 2011, the Blind Creek team encountered a gold-silver geochemical soil anomaly extending over 36 hectares and which is still open. An anomalous zone of copper-molybdenum-lead-zinc extending over 100 hectares forms a halo to the gold-silver geochemical core, which also still open.
These anomalous areas fall within a gossan zone 4000 meters long and 1000 meters wide and were only partially explored in 2011.
On the west side of Table Mountain is a known placer gold creek. During the 1900's government records indicate samples from copper prospects on the east side of the mountain, the Dundee and the Petty, returned gold of $8.00 per ton value (standard reporting practices at that time). Rock formations in the Table Mountain area are deemed volcanic, and intersected by a major regional NW-SE fault, named the Nahlin Fault Zone.
Table Mountain is accessible from Atlin by a 5 minute float plane flight or a one hour jet-boat ride, and by a natural 100 km waterway to the Skagway Alaska rail head in Carcross Yukon, with road links to the Alaska Highway, via Graham Inlet and Tagish Lake.
The Company now has an updated website with information and technical reports at www.blindcreekresources.com.
The technical information in this News Release has been written by Nicholas Clive Aspinall, P.Eng., a qualified person as defined in National Instrument 43-101.
On behalf of the Board of Directors,
J. Frank Callaghan, President and CEO
This News Release contains forward-looking statements. Forward-looking statements are statements, which relate to future events and conditions and therefore involve inherent risks and uncertainties. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. All phases of the Company's operations are subject to environmental regulation and governmental approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. Mining is an inherently risky business with large capital expenditures and cyclical metals markets.Neither the 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.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here