MONTREAL, Dec. 22 /CNW Telbec/ - Stellar Pacific Ventures (SPX) wishes to
release the first results from its current drilling program on its Vassan
property located near the town of Val d'Or. The company is completing a 10
hole drill program on the Hamelin mineralized zone and is quite pleased with
preliminary results obtained from core study and partial assay reports.
The following table illustrates results available at this time :
<<
Drill Hole No. From To Length Grade
(m) (m) (m) g/t Au Cu %
V2005-01 216,0 216,7 0,7 32,10
258,0 258,3 0,3 27,00 0,9
V2005-02 239,7 240,5 0,8 8,52
240,5 241,0 0,5 0,48 1,26
241 241,6 0,6 4,31
Average 239,7 241,6 1,9 5,07
V2005-03 No value above 1 g/t Au
V2005-04 387,4 388,5 1,1 24,50
>>
These results demonstrate the high grade nature of the mineralized veins
on the property but also their limited width. The fact that a majority of
holes successfully intersected the target structure indicates that the level
of understanding of the geometry of the structure was significantly increased
compared to previous drilling program. Once deviation problems are put under
control, we shall be in a position to obtain piercing points at a more regular
spacing and eventually carry out resource estimation.
The mineralized structure consists of semi massive to massive sulphides
(pyrrhotite, pyrite, chalcopyrite) and/or sulphide rich grey quartz veins and
veinlets. Shearing is usually absent indicating that it is a tensional
environment. The structure strikes in an ENE direction and its dip is
sub-vertical. It exhibits an easterly plunge at about 40 degrees. It is open
to depth and to the east.
All samples have been assayed at ALS Chemex of Val d'Or by FA-AA and
FA-GRAV. Control samples (blanks and standards) are systematically
incorporated in our lots and pulps and rejects are re assayed for sample
grading above 1 g/t Au. Drilling is being carried out under the supervision of
professional geologist and qualified person (NI43-101) Pierre O'Dowd.
The property, consist of 7 claims totalling 280 hectares in rang 2 of
Vassan Township, is strategically located near several present and past
producers including the Siscoe mine, directly to the south of the property,
the Kiena mine, located 5 km to the south-west of the property and the
Sullivan mine, located 3.5 km to the south-east of the property and finally
the Wesdome development project located some 3 km to the west of the project.
The technical information contained in this press release has been
prepared by Pierre O'Dowd P. Geo, a qualified person as per National
Instrument 43-101.
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"
----------------------------------------
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.
