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Oceanus Resources Intersects 67.6 Meters of 1.49 g/t AuEq at El Tigre Property in Sonora, Mexico
HALIFAX, Nova Scotia, May 25, 2017 (GLOBE NEWSWIRE) -- Oceanus Resources Corporation (TSX-V:OCN) (OTCQB:OCNSF) ("Oceanus" or the “Company”) reports additional a
About this update from Silver Tiger Metals, Inc.
[{"type":"text","content":"HALIFAX, Nova Scotia, May 25, 2017 (GLOBE NEWSWIRE) -- Oceanus Resources Corporation (TSX-V:OCN) (OTCQB:OCNSF) (\"Oceanus\" or the “Company”) reports additional assay results from the 2017 diamond drilling program on its 100% owned El Tigre Property in Sonora, Mexico. Highlights from the drilling include the following: Hole ET-17-133 – 67.6 meters of 1.49 g/t gold equivalent from 78.5 meters to 146.1 meters consisting of 1.24 g/t gold and 19.1 g/t silver, including 23.4 meters of 3.31 g/t gold equivalent consisting of 2.77 g/t gold and 40.5 g/t silver Hole ET-17-135 – 37.7 meters of 0.78 g/t gold equivalent from 71.9 meters to 109.6 meters consisting of 0.62 g/t gold and 12.4 g/t silver, including 18.8 meters of 1.16 g/t gold equivalent consisting of 0.91 g/t gold and 18.9 g/t silver; and 8.4 meters of 1.95 g/t gold equivalent from 215.3 meters to 223.7 meters consisting of 1.52 g/t gold and 32.4 g/t silver Hole ET-17-140 – 9.0 meters of 1.86 g/t gold equivalent from 35.0 meters to 44.0 meters consisting of 0.18 g/t gold and 125.5 g/t silver, including 1.5 meters of 9.54 g/t gold equivalent consisting of 0.43 g/t gold and 683.2 g/t silver, in a step out hole approximately 500 meters to the south of the Main Deposit past Gold Hill (see drill hole location map at Appendix B) The true width has not been calculated for the intercepts, but true width is generally estimated at 75-90% of drilled width. The gold equivalent ratio is based on a gold-to-silver price ratio of 75:1. The new assay results are for drill holes ET-17-123 to ET-17-140. Refer to the Oceanus news releases dated September 14, 2016, October 18, 2016, December 14, 2016 and March 6, 2017 for the assay results for the previous drill holes. A map of a portion of the El Tigre Property is attached as Appendix A, a drill hole location map is attached as Appendix B, a table of significant drill intersections is attached as Appendix C and the drill hole location table is attached as Appendix D. Glenn Jessome, President and CEO of Oceanus reports, “The Oceanus drilling has expanded and supports the continuity of the vein and alteration zone between the El Tigre Camp and the south end of Gold Hill, which is a distance of approximately 1,800 meters. The vein and alteration zone r...