TORONTO, Sept. 22 /CNW Telbec/ - VVC EXPLORATION CORPORATION ("VVC" or
the "Company") is pleased to announce the results of a sampling program on the
Q115 vein by Tong Guan Glory Mining Corporation ("CJV") (a Joint Venture
Company in China 70% owned by VVC), following a geological investigation by
QP, Dean O`Keefe (P. Geol.) of Beijing Micromine PLC, in August. The assays
results obtained from SGS (Tianjin) Geological Laboratories are as follows:
S1: 33.0 g/t Au, S2 (wall rock) 0.87 g/t Au, S3: 17.5 g/t Au, S4: 43.8 g/t Au,
S5: 1.74 g/t Au and were taken from 5 different locations on Levels 835, 810
and 770, currently being mined. Sampling was carried out on representative
sections of the vein displaying variable sulphide content. These assay
results, while quite variable, confirm that the gold grade varies directly
with sulphide content and the results, described above are in line with the
head mill grades of the CJV during the last two months of production.
The CJV recently increased its ownership in the Q115, Q8E, Q8W, and Q8WB
veins from 20% to 100% at a cost of CAD$ 1.2 million. These veins are
currently being mined at a rate of 22,000 tonnes per year (t/y). The combined
grade of the ore being mined from this group of veins has average head mill of
13.6 g/t Au, 13.0 g/t Au respectively, during July and August 2005.
The main Q115 orebody, which is accessed by a 1800-metre adit, is being
mined on six levels from 910 m to 716 m above sea level (asl) approximately
200 meters along the dip. The orebody, exposed for approximately 200 metres
along strike, is expected to have considerable tonnage potential since in the
Tong Guan district, the veins usually display a five fold dimensional ratio
(ratio of vertical length to horizontal length) which implies that the Q115
orebody could extend to 1000 metres in vertical dimension. The Q115 vein
averages 1.8 m in width (varying from 0.8 to 4.0 m) exhibiting a wide
variation in sulphide content, consisting of pyrite, galena, and chalcopyrite,
of between 5% and 35%. Gold grade is also highly variable and is in direct
correlation with sulphide content.
The Q115 orebody is open to depth and on strike to the south. An initial
exploration program, started in August, is testing the orebody extensions by
drifting along the vein on the 830 and 716 levels. This initial stage of
exploration will be followed in October by development of a stope to expose
the vein to the 600 m asl level and a 6 hole, 1200-metre program of
underground drilling aimed at testing the vein's down dip and southern
extensions. Additional mine development and exploration will be implemented in
the fall on the Q115, Q8W and Q8WB veins which will include drifting and
underground drilling. The CJV has plans to boost production from this adit
(which accesses the Q115, Q8W, Q8E and Q8WB veins) from 22,000 to 30,000 t/y
in the coming months.
The vein shows a marked enrichment in sulphide content along its southern
extension where mining is currently being conducted at a rate of 1800 tonnes
per month, resulting in an average milled ore grade of 24.56 g/t Au, from
September 1 to 13. Recent exploration drifting to the south along the vein
(50 meters to date) has extended the orebody's southern extension and has
confirmed continuity, mining width and high sulphide content.
"We are very pleased to have seized the opportunity to acquire the
remaining 80% of the Q115 vein. Ore grade and production results from this
vein have exceeded our initial expectations." declared Mr. Jean-Paul Boily,
President and CEO of VVC. "The complete acquisition of this high grade vein
demonstrates VVC's serious intention of increasing its gold production,
thereby becoming, in a very short term, a mid-size sino-canadian gold
producer."
The technical aspects of this news release were reviewed by independent
(QP) Dean O`Keefe (P. Geol.)
About VVC:
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VVC Exploration Corporation is a Canadian exploration company with
properties in Canada and China. Its main assets are the participation of VVC
in Joint Ventures in producing gold mines in China, and its participation in
the Beaver Brook Antimony Mine in Newfoundland, Canada. The Company's
objective is to generate significant cash flow from operations in order to
aggressively pursue other projects in China. Please visit our Website at
www.vvcexploration.com .
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
On Behalf of the board of Directors
(INSERT SIGNATURE)
Michel J. Lafrance, Secretary-Treasurer
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