(via Thenewswire.ca)
July 28 2008 - Supreme Resources Ltd. ("the Company" SPR-TSX.V) is pleased to announce that drilling is scheduled to commence on the Ample-Goldmax Property the week of July 28th, 2008.
Diamond drilling plans include several drill holes to better characterize near-surface mineralization in the target zone. Work is to include improvement on a 2km access road near Highway 99, as well as diamond drilling, core sampling, and geochemical analysis. All applications and permits have been approved.
The 2008 exploration program is intended to follow the initial phase recommendations in the July 2007 National Instrument 43-101 compliant report, written by qualified person Dr. J.S. Getsinger, P.Geo. The report summarizes historical gold mining production and previous geological and geochemical exploration of the property.
The Ample-Goldmax Gold Property consists of 27 claims in a block of 5,887 hectares straddling Cayoosh Creek and the Duffey Lake Road (Hwy 99) about 8km west of Lillooet, on NTS map 92J09E or 92J070, centered at approximately 50°39' N. Latitude, 122°04' W. Longitude. It hosts a number of mineralized zones, many displaying visible free gold and abundant sulphide lenses, along a strike length of showings (more than 1km) as reported by earlier workers. Gold grades range from trace to more than 2oz/ton (66.34g/t) gold in quartz veins; and prior drilling results by Homestake and Gold Ore include an 8.2m intersection with 11.76g/t gold, as well as 4.5g/t Au over 7.2m, 9.5g/t Au over 1.5m, and 3.9g/t Au over 5.0m. Soil sampling anomalies in the area slated for drilling show clusters of gold values over 300 ppb. Further phases of exploration are contingent on favourable results from the upcoming field program.
The Ample-Goldmax Property, hosted in metasedimentary rocks of the eastern coast ranges, was not only the source for rich placer gold taken from Cayoosh Creek in the gold rush of the 1880's, but also completely surrounds one past producer (Golden Cache Mine, 2,722 tonnes of ore reportedly yielded 25,100 grams of gold and minor silver, and includes another past producer, Ample Mine), both mining free gold bearing quartz veins and metasedimentary ore in the late 1800's to early 1900's.
Expenditures for the Ample-Goldmax gold project are partially funded through a private placement by MineralFields Group (a division of Pathway Asset Management) a Toronto-based mining fund. Information about MineralFields Group is available at www.mineralfields.com.
Supreme Resources Ltd. is a growing resource company dedicated to generating profitable growth acquisitions, exploration and drilling opportunities throughout North America. Currently the Company has a 100% interest in the Ample-Goldmax Property, a mineral project in the Lillooet Mining Division in British Columbia, Canada and has signed an option agreement to acquire the TAS Project located in the Copper Mountain Mining Camp in southern British Columbia.
ON BEHALF OF THE BOARD
"Allan Levien"
________________________
Allan E. Levien
President
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
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