LAVAL, QC, March 14 /CNW/ - Stellar Pacific Ventures (SPX) is pleased to announce that exploration program has resumed on its Vassan property located within the Val d'Or gold camp. Stellar Pacific Ventures (SPX) has initiated a deep penetrating electromagnetic surface survey (InfiniTem) over the northern portion of the Vassan property. In past drilling, the company had detected a cherty exhalite mineralized with honey sphalerite while drilling the Hamelin gold zone. This horizon was cut near surface four times with anomalous zinc values as follow:
Hole From To Length Zn %
(m)
AB-2002-04 33.4 33.82 0.42 1.25
V2005-09 31.15 31.58 0.42 2.19
V2006-04 38.4 38.78 0.38 2.44
V2006-11 71.13 71.43 0.30 2.19
Although these results are at best anomalous, they might represent a distal equivalent of massive sulphide deposit as observed in the Noranda and Matagami camps. The actual surface survey will test down to at least the 200 metre level and possibly deeper if a strong conductor is present.
The company is planning a major drilling program to begin following results on Infini Tem survey on the new zone and on Hamelin zone where significant results have been obtained on previous drilling programs.
Pierre O'Dowd, geologist and Qualified Person as per National Instrument 43-101, is responsible for preparing the technical information contained in the release.
Stellar Pacific Venture Inc. is a junior mining exploration company listed on the TSX-V whose primary objective is to develop and bring into production viable gold deposits.
"Michel Lemay"
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Michel Lemay
President
The TSX Venture Exchange has in no way passed on the merits of the
proposed transaction and has neither approved or disapproved the contents
of this press release.