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Oceanus Resources Samples 5.2 Meters of 19.5 g/t AuEq at El Tigre Mine
HALIFAX, Nova Scotia, Sept. 07, 2017 (GLOBE NEWSWIRE) -- Oceanus Resources Corporation (TSXV:OCN) (OTCQB:OCNSF) ("Oceanus" or the “Corporation”) reports it has
About this update from Silver Tiger Metals, Inc.
[{"type":"text","content":"HALIFAX, Nova Scotia, Sept. 07, 2017 (GLOBE NEWSWIRE) -- Oceanus Resources Corporation (TSXV:OCN) (OTCQB:OCNSF) (\"Oceanus\" or the “Corporation”) reports it has received assay results of channel samples collected from the legacy underground exploration tunnels on the unmined Protectora, Caleigh and Fundadora veins located north of the old El Tigre Mine (see Figure 1 Location Map). In the Fundadora workings, the most significant result is from Channel ETLU-254 which returned 19.5 g/t gold equivalent consisting of 14.7 g/t gold and 359.8 g/t silver across a true width of 5.20 meters; including 57.3 g/t gold equivalent consisting of 43.5 g/t gold and 1,039.5 g/t silver across a true width of 1.70 meters. In the Caleigh workings, channel sample ETLU-242 returned 48.2 g/t gold equivalent consisting of 25.5 g/t gold and 1,704.2 g/t silver over a true width of 0.50 meters. Channel ETLU-243 returned 34.8 g/t gold equivalent consisting of 12.6 g/t gold and 1,659.4 g/t silver over a true width of 1.0 meters. In the Protectora workings, channel sample ETLU-215 returned 5.70 g/t gold equivalent consisting of 1.59 g/t gold and 308.3 g/t silver across a true width of 1.25 meters; and channel sample ETLU-218 returned 3.94 g/t gold equivalent consisting of 2.09 g/t gold and 112.7 g/t silver across a true width of 1.50 meters. Glenn Jessome, President and CEO of Oceanus reports, “The high-grade gold-silver-base metal mineralization in the Protectora, Caleigh and Fundadora Veins is an exciting new development on the El Tigre property. The results from the mapping and sampling of the underground workings present a series of high priority drill targets for this fall over a 2 kilometer strike length north of the old El Tigre Mine.” As press released on June 7, 2017 and June 27, 2017, drill hole ET-17-144 in the Protectora Vein returned 0.85 meters of 135.1 g/t gold equivalent consisting of 37.2 g/t gold, 7,338.9 g/t silver as well as 2.84% copper, 1.38% lead and 4.06% zinc. The gold equivalent ratio is based on a gold to silver price ratio of 1:75 (Au:Ag) and does not include the copper, lead and zinc values. Drill hole ET-17-144 was the last drill hole of the 62 hole drill program completed in May, 2017. Drill hole 144 was a step-out hole located approximately 800 meters to the north of the old El Tigre Mine. The mine...